Muhammad Zahid
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
Research Interests
Muhammad Zahid has a total of 6 co-authors. Here are the top co-authors by number of shared publications:
- Faiza Khalid
Department of Business Administration, Air University Islamabad, Multan Campus, Multan 66000, Pakistan
2 shared publications - Jimin Shim
Department of Tourism and Recreation, Kyonggi University, Seoul 03753, Republic of Korea
2 shared publications - Jinsoo Hwang
Sejong University
2 shared publications - Muhammad Ramzan
Department of Business Administration, Air University Islamabad, Multan Campus, Multan 66000, Pakistan
2 shared publications - Muhammad Zia Ul Haq
Digital Transformation Research Center, College of Business Administration, Ajman University, Ajman, UAE
2 shared publications - Won Seok Lee
Kyonggi University
2 shared publications
Latest Publications
- Open Access
- 5 May 2023
- Published by MDPI AG in Sustainability
- Vol. 15 (9) , 7565
Correction: Zahid et al. The Significance of Monetary Policy Transmission Mechanism in the Sustainable Development of the SAARC Economic Community. Sustainability 2021, 13, 13171
The authors would like to make the following corrections about the published paper
- 5 May 2023
- Published by MDPI AG in Sustainability
- Vol. 15 (9) , 7565
Open AccessCorrection: Zahid et al. The Significance of Monetary Policy Transmission Mechanism in the Sustainable Development of the SAARC Economic Community. Sustainability 2021, 13, 13171
The authors would like to make the following corrections about the published paper
- Open Access
- 28 November 2021
- Published by MDPI AG in Sustainability
- Vol. 13 (23) , 13171
The Significance of Monetary Policy Transmission Mechanism in the Sustainable Development of the SAARC Economic Community
The purpose of this study is to examine the monetary policy transmission mechanisms in seven South Asian Association for Regional Cooperation (SAARC) countries to discover the viability of the convergence of the SAARC into a monetary and economic union based on common monetary channels. By employing optimal currency area theory, we used the restricted VAR analysis on the annual data from 1978 to 2017. We find that the money channel response provides proof for the presence of an exchange rate and credit channels. Furthermore, the real sector also responds to changes in fiscal and monetary shocks through the exchange rate and credit channels over short-run to long-run time horizons. This implies that the SAARC is a good candidate due to common exchange rate and credit channels. The function of the variance decomposition and the impulse for forming a monetary and economic union is that they share a coincidental pattern of dynamic reactions of inflation and growth to exogenous shocks. If the SAARC monetary and economic union is created, it will reap overall economic benefits inside and outside of Asia just like the European Union (EU).
- 28 November 2021
- Published by MDPI AG in Sustainability
- Vol. 13 (23) , 13171
Open AccessThe Significance of Monetary Policy Transmission Mechanism in the Sustainable Development of the SAARC Economic Community
The purpose of this study is to examine the monetary policy transmission mechanisms in seven South Asian Association for Regional Cooperation (SAARC) countries to discover the viability of the convergence of the SAARC into a monetary and economic union based on common monetary channels. By employing optimal currency area theory, we used the restricted VAR analysis on the annual data from 1978 to 2017. We find that the money channel response provides proof for the presence of an exchange rate and credit channels. Furthermore, the real sector also responds to changes in fiscal and monetary shocks through the exchange rate and credit channels over short-run to long-run time horizons. This implies that the SAARC is a good candidate due to common exchange rate and credit channels. The function of the variance decomposition and the impulse for forming a monetary and economic union is that they share a coincidental pattern of dynamic reactions of inflation and growth to exogenous shocks. If the SAARC monetary and economic union is created, it will reap overall economic benefits inside and outside of Asia just like the European Union (EU).