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Общие вопросы экономики Общие вопросы экономики
Экономическая теория Экономическая теория

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

Автор:   Muhammad A.K.
мягкая обложка
272 страниц
2010 год
Издательство:   Книга по Требованию
Цена:
3231 руб
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Описание: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. 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. This study examines the long-run relationship between Pak-rupee vis-a-vis US-dollar exchange rate, relative money supplies, real income, nominal interest rates, and real exchange rate over the period 1982Q2 to 2005Q4. 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. The results also ssuggestthat monetary fundamentals are still important in determining the exchange rate dynamics. Second, besides the monetary factors, real factors play a significant role in the determination of exchange rate in Pakistan.


Orthomol Immun Junior Сила иммунитета на страже Вашего ребенка Orthomol Immun Junior Сила иммунитета на страже Вашего ребенка

2990 руб
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Rant: The Oral History of Buster Casey

In transcription school, you learn all about effective pacing, so you don't overwhelm your user. You learn all the legal criteria for the production codes and rating system. What distinguishes a G-rated peak from a PG-13. Classifications based on the physical reactions, the electrolyte balance and hormone levels, pulse and respiration of a test audience. A good way to flatten a peak—say, lower it from an R rating to a PG, is you rewitness through a dope-smoking stoner. An easy fix. To graduate, we each had to produce a feature-length peak experience. For my thesis, I had a great concept. We're talking three to six hours of marketable sensory content. My idea I had, it was so great. I threw a party. Invited one Asian friend. One Jew. One black. One queer. One hot lesbian. One straight cheerleader girl. One Native American. One redneck hillbilly. One Hispanic guy. An Irish. An Eskimo. You get the idea. One of everything. They didn't know, but I was boosting while I played host, spending almost exactly ten minutes talking with each person ...»

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