Exchange Rate Determination

Name: Exchange Rate Determination
Brand: VDM Verlag
SKU: 9783639231199
Price: 405.53 RON
Availability: InStock

Testing the Monetary Approach to Exchange Rate Determination: The Case of Pakistan

Autor: Muhammad Arshad Khan

Limbă:

Legare: Carte broșată

Editura: VDM Verlag

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This study examines the long-run relationship between Pak-rupee vis-ŕ-vis US-dollar exchange rate...

Informații despre carte

Autor

Muhammad Arshad Khan

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2010

Pagini

272

EAN

9783639231199

ISBN

3639231198

Enbook ID

06830864

Editura

VDM Verlag

Greutate

404

Dimensiuni

152 x 229 x 15

Descriere completă

This study examines the long-run relationship between Pak-rupee vis-ŕ-vis US-dollar exchange rate, relative money supplies, real income, nominal interest rates, and real exchange rate over the period 1982Q2 to 2005Q4. The presence of cointegration between exchange rate, monetary fundamentals and relative real prices implies that monetary fundamentals and real factors play a significant role in determining the exchange rate. The results also ssuggestthat monetary fundamentals are still important in determining the exchange rate dynamics. Furthermore, during the reforms period the results of the monetary model appear to be highly consistent with the predictions of monetary model and short-run behaviour of monetary fundamentals is highly responsive. Based on the empirical findings, we derived two main conclusions: the monetary approach to exchange rate is still a valid representation in the determination of long-run exchange rates behaviour. Second, besides the monetary factors, real factors play a significant role in the determination of exchange rate in Pakistan.

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Exchange Rate Determination

Testing the Monetary Approach to Exchange Rate Determination: The Case of Pakistan

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Descriere completă

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