Cash, Corruption, and Inflation: Short-Run Macroeconomic Effects of Cash Hoarding in Pakistan

Rakshanda Shah; Rummana Zaheer

Cash, Corruption, and Inflation: Short-Run Macroeconomic Effects of Cash Hoarding in Pakistan

Authors

Rakshanda Shah MPhil Scholar - Department of Economics, University of Karachi, Sindh, Pakistan.
Rummana Zaheer Professor, Department of Economics, University of Karachi, Sindh, Pakistan.

Abstract

Pakistan has a constantly high currency share relative to its monetary base, with circulation currencies accounting for more than one-quarter of global currencies (M2). This study examines the short-run macroeconomic effects of cash hoarding on corruption and inflation in Pakistan.

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Published

28-02-2026

How to Cite

Shah, R., & Zaheer, R. (2026). Cash, Corruption, and Inflation: Short-Run Macroeconomic Effects of Cash Hoarding in Pakistan. Progressive Research Journal of Arts & Humanities (PRJAH), 8(1), 128–138. Retrieved from https://prjah.org/index.php/prjah/article/view/481