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Currency Substitution, Capital Mobility and Functional Forms of Money Demand in Pakistan

The demand for M2 in Pakistan is positively influenced by real GDP and currency appreciation and negatively influenced by the domestic interest rate and the foreign interest rate. These findings support the concepts of international capital mobility and currency substitution. The Box-Cox transforma...

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Главный автор: Yu Hsing
Формат: Artigo
Язык:Inglês
Опубликовано: Lahore School of Economics 2024-07-01
Серии:Lahore Journal of Economics
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Online-ссылка:https://journals.lahoreschool.edu.pk/LJE/LJE/article/view/221
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