https://j.ideasspread.org/index.php/jems/issue/feed 2024-03-29T10:41:47+08:00 Jamie Brown jems@ideasspread.org Open Journal Systems <p>Journal of Economics and Management Sciences (JEMS) is an international, double-blind peer-reviewed, open-access journal published by IDEAS SPREAD INC. The journal is published in both print and online versions. The online version is free access and download.<br>The journal focuses on the following topics: Corporate Ggovernance, Human Resource Management, Strategic Management, Entrepreneurship, Marketing, E-business, Services, Information Technology Management, Production &amp; Operations Management, Financial Management, Decision Analysis, Management Research Methods and Managerial Economics, etc.</p> https://j.ideasspread.org/index.php/jems/article/view/1274 2024-03-29T10:41:47+08:00 Aleena Pasha aleena.pasha@itu.edu.pk

<p class="text"><span lang="EN-US">This research examines whether macroeconomic variables disturb the financial stability of SAARC countries in 1996-2022 using panel ARDL approach. We shape the financial stability as the dependent variable, and we have developed a PCA index of financial stability (principal component analysis). This study contains of macroeconomic models with a wide choice of possibly related variables for financial stability, using financial flows, financial openness, macroeconomic stability, exchange rate and economic growth on a sample of five countries between 1996 and 2022. Our experimental suggestion proposes that most of the macroeconomic variables have a positive impact on financial stability. Therefore, our outcomes support the view that the development of macro-economic policies and political programs should be part of financial improvement. All these variables may enhance the financial stability of the countries which are under consideration.</span></p>

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