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Global Go To Think Tank Index (GGTTI) 2020 launched                    111,75 Think Tanks across the world ranked in different categories.                SDPI is ranked 90th among “Top Think Tanks Worldwide (non-US)”.           SDPI stands 11th among Top Think Tanks in South & South East Asia & the Pacific (excluding India).            SDPI notches 33rd position in “Best New Idea or Paradigm Developed by A Think Tank” category.                SDPI remains 42nd in “Best Quality Assurance and Integrity Policies and Procedure” category.              SDPI stands 49th in “Think Tank to Watch in 2020”.            SDPI gets 52nd position among “Best Independent Think Tanks”.                           SDPI becomes 63rd in “Best Advocacy Campaign” category.                   SDPI secures 60th position in “Best Institutional Collaboration Involving Two or More Think Tanks” category.                       SDPI obtains 64th position in “Best Use of Media (Print & Electronic)” category.               SDPI gains 66th position in “Top Environment Policy Tink Tanks” category.                SDPI achieves 76th position in “Think Tanks With Best External Relations/Public Engagement Program” category.                    SDPI notches 99th position in “Top Social Policy Think Tanks”.            SDPI wins 140th position among “Top Domestic Economic Policy Think Tanks”.               SDPI is placed among special non-ranked category of Think Tanks – “Best Policy and Institutional Response to COVID-19”.                                            Owing to COVID-19 outbreak, SDPI staff is working from home from 9am to 5pm five days a week. All our staff members are available on phone, email and/or any other digital/electronic modes of communication during our usual official hours. You can also find all our work related to COVID-19 in orange entries in our publications section below.    The Sustainable Development Policy Institute (SDPI) is pleased to announce its Twenty-third Sustainable Development Conference (SDC) from 14 – 17 December 2020 in Islamabad, Pakistan. The overarching theme of this year’s Conference is Sustainable Development in the Times of COVID-19. Read more…       FOOD SECIRITY DASHBOARD: On 4th Nov, SDPI has shared the first prototype of Food Security Dashboard with Dr Moeed Yousaf, the Special Assistant to Prime Minister on  National Security and Economic Outreach in the presence of stakeholders, including Ministry of National Food Security and Research. Provincial and district authorities attended the event in person or through zoom. The dashboard will help the government monitor and regulate the supply chain of essential food commodities.

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Published Date: Jan 15, 2021

Hot Money Cools on Pakistan amid COVID-19: Evidence from Nonlinear ARDL- (WP – 192)

Abstract

This study investigates key determinants, and the behaviour of hot money in Pakistan for the period from May 2015 to June 2020 with a view to capture the impacts of COVID-19. It specifically assesses the asymmetric impact of interest rate on hot money quantum. In the context of Pakistan, such asymmetric impact appears to be neglected. In an attempt to fill this gap, this study pays special attention to the curious case of hot money invasion and exit in recent years. This is taking a note on Pakistan’s debt and equity markets that are over-heated due to massive inflows of hot money in to the economy. In this process, it examines the impact of COVID-19 outbreak on hot money and how it has accelerated outflows. In doing so, a Nonlinear Autoregressive Distributed Lag (NARDL) framework has been employed to capture inherent nonlinearities that may otherwise give misleading inference. The results reveal that there exists a long-run asymmetric association between the policy rate and hot money quantum. The results show a long-run positive effect of the increase in the policy rate. At the same time, there is a negative effect of decrease in policy rate on hot money inflows. Moreover, the findings explicitly show that COVID-19 had a drastic impact on hot money, where despite a high interest rate, hot money flushed out of the market.