Exchange Rate Policy Must Seek Undervaluation!

Abdul Jalil
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Abdul Jalil: Pakistan Institute of Development Economics

No 2020:17, PIDE Knowledge Brief from Pakistan Institute of Development Economics

Abstract: In Pakistan, the exchange rate policy has always tended towards overvaluation (see Box 1). This policy has led to five major currency crises, an attack on foreign exchange reserves, and an eventual IMF programme, over the last 30 years (Haque and Hina, 2020).

Keywords: Exchange Rate; Policy (search for similar items in EconPapers)
Pages: 6 pages
Date: 2020
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Journal Article: Exchange Rate Policy Must Seek Undervaluation! (2021)
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