From Fear of Floating to Benign Neglect: The Exchange Rate Regime Roller Coaster in Pakistan

Syed Kumail Abbas Rizvi (), Bushra Naqvi () and Nawazish Mirza
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Syed Kumail Abbas Rizvi: Lahore School of Economics, Pakistan.
Bushra Naqvi: Lahore University of Management Sciences, Pakistan.

Lahore Journal of Economics, 2014, vol. 19, issue Special Edition, 17-34

Abstract: One of the most pressing issues concerning policymakers today is the choice of an exchange rate regime. Despite the intricacies of this problem, monetary authorities could narrow down their list of options if they were to focus on the following principles: full implementation to ensure credibility and synchronization with domestic realities and economic infrastructure. This paper proposes an optimal exchange rate regime for Pakistan based on a historical study of the outcomes and performance of different monetary stances adopted over the last 40 years.

Keywords: Exchange rate; flexibility; regime; fear of floating; floating; pegging; Pakistan. (search for similar items in EconPapers)
JEL-codes: E42 E58 F31 F33 F41 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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