Global Financial Crisis and SSFs in Pakistan
What is it about?
This study investigates the alleged role of SSFs in destabilizing the Pakistan's stock market during GFC in 2008. The study does not find any empirical evidence.
Why is it important?
This study is important in the context of Pakistan (an emerging economy) and international markets as a whole in explaining that futures markets do not destabilize the market. The growth of newer and innovative products in financial markets can provide much necessary liquidity and could be used as a risk management tool.
The following have contributed to this page: Dr Imran Riaz Malik and Prof Attaullah Shah