https://www.iprjb.org/journals/index.php/IJECON/issue/feedInternational Journal of Economics2024-02-01T16:26:39+03:00Journal Adminjournals@iprjb.orgOpen Journal Systems<p>International Journal of Economics (IJECON) stands as a beacon of scholarly excellence in the realm of economics. By emphasizing indexing, quality review, author recognition, and affordability, International Journal of Economics (IJECON) nurtures a vibrant academic environment where economic insights converge, enriching the field of economics with each publication.</p>https://www.iprjb.org/journals/index.php/IJECON/article/view/2275Impact of Monetary Policy Rate on Conventional and Islamic Banking2024-01-22T10:00:22+03:00Munib Badarmunibbadar@gmail.com<p><strong>Purpose:</strong> This study examine the role of banking portfolios based on religious philosophy i.e. Islamic banks in comparison of conventional banks of Pakistan to determine whether both of the portfolios of Islamic and conventional banks absorbs monetary policy shocks on the basis of bank specific religious philosophy.</p> <p><strong>Methodology:</strong> The study collected quarterly data from 2005 to 2018 from the official sources of the central bank of Pakistan i.e. State Bank of Pakistan and tested by using econometric techniques. The variables include proxy of central bank Policy Rate, Gross Domestic Product and banking portfolios.</p> <p><strong>Findings:</strong> The outcome of the study reveals that Islamic philosophy of banks do not contribute significantly in varying effects of monetary policy.</p> <p><strong>Unique Contribution to Theory, Practice and Policy:</strong> The government may develop a dual monetary system and introduce pricing mechanisms for Islamic banks separately by introducing sharia-compliant monetary policy instruments to enhance Islamic share in the overall financial plan. Further, a limited number of Sharia advisors who are simultaneously equipped with financial knowledge in another handicap in sharia-compliant product development.</p>2024-01-22T00:00:00+03:00Copyright (c) 2024 Munib Badarhttps://www.iprjb.org/journals/index.php/IJECON/article/view/2296Relationship between Monthly Common Stock Prices and Monthly Inflation in India2024-02-01T16:26:39+03:00Amit Kumarakamitbittu871@gmail.com<p><strong>Purpose: </strong>The purpose of the study is to scrutinise whether monthly inflation rate and monthly common stock prices are interlinked and if they are linked, then what is the kind of affiliation among the variables.</p> <p><strong>Methodology: </strong>The paper has used the vector autoregression model (VAR) to determine whether there exists a relationship between monthly common stock prices and monthly inflation rates or not.</p> <p><strong>Findings: </strong>The paper's findings can be summarised as no cointegration exists between monthly inflation rates and monthly stock prices, meaning there is no relationship (neither long nor short) between inflation and common stock prices. The other insight that can be concluded from the research is that there also doesn’t exist any cause-and-effect relationship between the inflation rate & monthly common stocks.</p>2024-02-01T00:00:00+03:00Copyright (c) 2024 Amit Kumar