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Impact of Exchange Market Forces on Pak-Rupee Exchange Rates during Globalization Period
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| dc.contributor.author | Syed Adnan Haider Ali Shah Bukhari | |
| dc.contributor.author | Mohammad Sabihuddin Butt | |
| dc.contributor.author | Muhammad Shahbaz Akmal | |
| dc.date.accessioned | 2014-08-11T07:33:32Z | |
| dc.date.available | 2014-08-11T07:33:32Z | |
| dc.date.issued | 2006-06 | |
| dc.identifier.citation | The Lahore Journal of Economics Volume 11, No.1 | en_US |
| dc.identifier.issn | 1811-5438 | |
| dc.identifier.uri | http://121.52.153.179/Volume.html | |
| dc.identifier.uri | http://hdl.handle.net/123456789/5653 | |
| dc.description | PP.19; ill | en_US |
| dc.description.abstract | This paper analyzes the impact of exchange market forces on Pak-Rupee/US dollar exchange rates during the 1965-1971 globalization period. The main findings are that a) the behavior of Pakistan’s fundamentals relative to those of the USA help to explain exchange market forces against the Pak-Rupee; b) during the run up to devaluation in the globalization period the monetary authorities in Pakistan were acting to reduce domestic credit; but that c) additional pressure was brought against the Pak-Rupee from speculative sources. These findings relate to current thinking on the choice of the exchange rate regime as even well behaved fundamentals may not be sufficient to sustain a currency on its peg. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | © The Lahore School of Economics | en_US |
| dc.subject | Exchange Rates | en_US |
| dc.subject | Globalization | en_US |
| dc.subject | Exchange Market | en_US |
| dc.title | Impact of Exchange Market Forces on Pak-Rupee Exchange Rates during Globalization Period | en_US |
| dc.title.alternative | An Empirical Analysis | |
| dc.type | Article | en_US |
