Exchange Market Pressure and Monetary Policy: Evidence from Pakistan
Published By: Pakistan Institute of Development Economics (PIDE) | Published Date: January, 01 , 2007The study employs Girton and Roper (1977) measure of exchange market pressure—sum of exchange rate depreciation and foreign reserves outflow, to examine the interaction between exchange market pressure and monetary variables, viz. domestic credit (Reserve Money) and interest rate.
Author(s): M. Idrees Khawaja | Posted on: Feb 16, 2016 | Views() | Download (164)