1.
Teaching Fellow, Information Technology University of the Punjab, Pakistan
Description
Abstract: This research examines whether political variables disturb the financial stability of SAARC countries in 1996-2022 using panel ARDL approach. This paper shapes the financial stability as the dependent variable and developed a PCA index of financial stability (principal component analysis). This study contains political models, with a wide choice of possibly related variables for financial stability, using the rule of law, government effectiveness and and voice and accountability on a sample of five countries between 1996 and 2022. The experimental suggestion proposes that most of the political variables have a positive impact on financial stability. Therefore, our outcomes support the view that the political programs should be part of financial improvement. All these variables may enhance the financial stability of the countries which are under consideration.
