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The impact of symmetric and asymmetric exchange rate fluctuations on demand for money in Pakistan.

A growing body of recent literature identifies the exchange rate as an important determinant of demand for money along with income and interest rate, but these studies assume the symmetric effect of exchange rate on demand for money. In contrast, this study argues that the exchange rate can have an...

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Published in:Journal of the Asia Pacific Economy Vol. 28; no. 1; pp. 261 - 284
Main Authors: Hannan, Abdul, Ishaq, Tahira
Format: Article
Published: Taylor & Francis Ltd Feb2023
Subjects:
Pakistan
Money supply
Depreciation
Foreign exchange rates
Interest rates
Demand for money
Monetary policy
Demand function
Online Access:View this record in EBSCOhost