Capital Flows and Real Exchange Rate Overvaluation - A Chronic Ailment: Evidence from Pakistan
The objective of this study is twofold: (i) to estimate the equilibrium real exchange rate (RER) from a long-run perspective and calculate the degree of overvaluation for the period 1972–2007, and (ii) to test the Dutch Disease hypothesis concerning the effect of capital flows on the RER in Pakista...
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| Formato: | Artigo |
| Idioma: | Inglês |
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Lahore School of Economics
2024-07-01
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| Series: | Lahore Journal of Economics |
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| Acceso en liña: | https://journals.lahoreschool.edu.pk/LJE/LJE/article/view/276 |
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