Jabeen, Sunila; Malik, Waseem Shahid; Haider, Azad - In: The Pakistan Development Review 50 (2011) 4, pp. 379-399
For a small open economy of Pakistan, exchange rate is determined through the two alternative theories; the nominal theory of exchange rate named by Purchasing Power Parity (PPP) and the real theory known as Harrod Balassa Sameulson (HBS). According to the requirements of theories, two kinds of...