Riffat Mughal - Academia.edu (original) (raw)
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Papers by Riffat Mughal
International Journal of Finance Research
The study investigates whether Pakistan's conventional banks create liquidity in response to ... more The study investigates whether Pakistan's conventional banks create liquidity in response to monetary policy. The secondary data is gathered from the Thomson Reuter financial data streams. The annual time series data is collected from 2000 to 2021. Conventional banks create liquidity by using liquid liabilities to finance illiquid assets. Ali & Ahmad (2022) estimated the quantity of liquidity created by conventional banks in Pakistan over the past 21 years using the Catfat model developed by Berger and Bouwman (2009). The current study used the estimated amount to examine the impact of monetary policy on liquidity creation by using the simple linear regression econometric model. The outcomes of the study indicate that monetary policy has a significant positive impact on liquidity creation in Pakistan. By regulating the monetary policy rate, the State Bank of Pakistan manages the amount of liquidity that conventional banks create. The decisions made by the State Bank of Pakistan ...
IBT Journal of Business Studies
The study investigates the nexus between risk management and performance of Habib Bank Limited us... more The study investigates the nexus between risk management and performance of Habib Bank Limited using the annual financial time series data from 2005 to 2021. The dependent variable is the bank performance measured by using return on equity. The independent variables are the financial risks, which include credit risk, liquidity risk, and operational risk. The findings suggest that the credit risk and liquidity risk negatively impact the performance of Habib Bank Limited, which means that the increase in credit risk and liquidity risk would result in declining the profitability of Habib Bank Limited. Moreover, operational risk has a significant positive effect on the bank's performance. The study concludes that Habib Bank Limited needs to control its credit and liquidity risks to perform well in the market. It is recommended that Habib Bank Limited adopt strict policies and do a risk analysis of each borrower before issuing the loan. Habib Bank Limited must offer attractive financ...
Journal of Money Laundering Control, 2020
Purpose The purpose of this paper is to examine the effectiveness of anti-money laundering/combat... more Purpose The purpose of this paper is to examine the effectiveness of anti-money laundering/combating of financing of terrorism (AML/CFT) measures in Pakistan. Key variables of AML/CFT regulations of Pakistan are used. This study explores the impact of customer due diligence, record keeping, wire transfers, correspondent banking, reporting of transactions, new technology and internal controls/compliance/trainings on money-laundering risk. Design/methodology/approach Data is collected with the help of questionnaires developed in light of Financial Actions Task Force (FATF) recommendations and the AML/CFT regulations of Pakistan. Findings Results show that customer due diligence, correspondent banking and new technology may help control money-laundering risk in Pakistan, whereas impact of record keeping, wire transfers and reporting of transactions did not have an effect on money-laundering risk. This study suggests a better implementation of these measures. Research limitations/implic...
Business Review, 2021
This article studies whether the government bonds portfolio developed based on bonds duration pro... more This article studies whether the government bonds portfolio developed based on bonds duration produces abnormal returns in London Stock Exchange fixed income market during the phase of double-dip recession and COVID-19. The sample consists of UK conventional gilts traded from February 2004 till February 2021. The daily data is obtained from Thomson Reuters / Refinitiv Eikon. For this study, the data is divided into two subsamples July 2009-December 2018 and December 2019-February 2021. The findings reveal that all the bonds produced abnormal returns during the complete sample and sub-sample period when returns of UK gilts 1 year maturity are kept as a proxy for risk-free and 50-year maturity bond as a proxy for the market return. However, R 2 shows weak model of portfolios with durations 2 and 3, which indicates that bondholders do not prefer to invest in gilts with these durations during the growth phase. The second sub-period results show weak portfolio returns with 3, 4, 8, and 20 years of durations during the pandemic. This indicates that bondholders tend to be conservative for short-term gilts due to low and negative yields.
International Journal of Finance Research
The study investigates whether Pakistan's conventional banks create liquidity in response to ... more The study investigates whether Pakistan's conventional banks create liquidity in response to monetary policy. The secondary data is gathered from the Thomson Reuter financial data streams. The annual time series data is collected from 2000 to 2021. Conventional banks create liquidity by using liquid liabilities to finance illiquid assets. Ali & Ahmad (2022) estimated the quantity of liquidity created by conventional banks in Pakistan over the past 21 years using the Catfat model developed by Berger and Bouwman (2009). The current study used the estimated amount to examine the impact of monetary policy on liquidity creation by using the simple linear regression econometric model. The outcomes of the study indicate that monetary policy has a significant positive impact on liquidity creation in Pakistan. By regulating the monetary policy rate, the State Bank of Pakistan manages the amount of liquidity that conventional banks create. The decisions made by the State Bank of Pakistan ...
IBT Journal of Business Studies
The study investigates the nexus between risk management and performance of Habib Bank Limited us... more The study investigates the nexus between risk management and performance of Habib Bank Limited using the annual financial time series data from 2005 to 2021. The dependent variable is the bank performance measured by using return on equity. The independent variables are the financial risks, which include credit risk, liquidity risk, and operational risk. The findings suggest that the credit risk and liquidity risk negatively impact the performance of Habib Bank Limited, which means that the increase in credit risk and liquidity risk would result in declining the profitability of Habib Bank Limited. Moreover, operational risk has a significant positive effect on the bank's performance. The study concludes that Habib Bank Limited needs to control its credit and liquidity risks to perform well in the market. It is recommended that Habib Bank Limited adopt strict policies and do a risk analysis of each borrower before issuing the loan. Habib Bank Limited must offer attractive financ...
Journal of Money Laundering Control, 2020
Purpose The purpose of this paper is to examine the effectiveness of anti-money laundering/combat... more Purpose The purpose of this paper is to examine the effectiveness of anti-money laundering/combating of financing of terrorism (AML/CFT) measures in Pakistan. Key variables of AML/CFT regulations of Pakistan are used. This study explores the impact of customer due diligence, record keeping, wire transfers, correspondent banking, reporting of transactions, new technology and internal controls/compliance/trainings on money-laundering risk. Design/methodology/approach Data is collected with the help of questionnaires developed in light of Financial Actions Task Force (FATF) recommendations and the AML/CFT regulations of Pakistan. Findings Results show that customer due diligence, correspondent banking and new technology may help control money-laundering risk in Pakistan, whereas impact of record keeping, wire transfers and reporting of transactions did not have an effect on money-laundering risk. This study suggests a better implementation of these measures. Research limitations/implic...
Business Review, 2021
This article studies whether the government bonds portfolio developed based on bonds duration pro... more This article studies whether the government bonds portfolio developed based on bonds duration produces abnormal returns in London Stock Exchange fixed income market during the phase of double-dip recession and COVID-19. The sample consists of UK conventional gilts traded from February 2004 till February 2021. The daily data is obtained from Thomson Reuters / Refinitiv Eikon. For this study, the data is divided into two subsamples July 2009-December 2018 and December 2019-February 2021. The findings reveal that all the bonds produced abnormal returns during the complete sample and sub-sample period when returns of UK gilts 1 year maturity are kept as a proxy for risk-free and 50-year maturity bond as a proxy for the market return. However, R 2 shows weak model of portfolios with durations 2 and 3, which indicates that bondholders do not prefer to invest in gilts with these durations during the growth phase. The second sub-period results show weak portfolio returns with 3, 4, 8, and 20 years of durations during the pandemic. This indicates that bondholders tend to be conservative for short-term gilts due to low and negative yields.