Sources of Real Exchange Rate Misalignment Evidence from Pakistan

Shah Hussain ()
Additional contact information
Shah Hussain: State Bank of Pakistan

No 26, SBP Working Paper Series from State Bank of Pakistan, Research Department

Abstract: The objective of this study is to estimate the effects of fundamentals and their sustainable levels for measuring the equilibrium real exchange rate and its misalignment for Pakistan. Applying the theory of fundamentals of real exchange rate, it first establishes these variables as the long run determinants of Pakistan’s real exchange rate and then it estimates their sustainable levels for the equilibrium real exchange rate. On the basis of the sustainable levels, the study then proposes their individual role in aligning real exchange rate towards its equilibrium level. Length: 18 pages

Keywords: Fundamentals; real exchange rate; misalignment (search for similar items in EconPapers)
JEL-codes: C53 E58 F31 (search for similar items in EconPapers)
Date: 2008-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sbp.org.pk/repec/sbp/wpaper/wp26.pdf First version, 2008 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.sbp.org.pk/repec/sbp/wpaper/wp26.pdf [301 Moved Permanently]--> https://www.sbp.org.pk/repec/sbp/wpaper/wp26.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sbp:wpaper:26

Access Statistics for this paper

More papers in SBP Working Paper Series from State Bank of Pakistan, Research Department Contact information at EDIRC.
Bibliographic data for series maintained by Faisal Saleem ().