This paper reviews the evolution of exchange rate policy and examines the real exchange rate behaviour in Bangladesh over the period 1972-2008. It deploys Pesaran’s bounds testing approach to cointegration to determine whether there exists a long-run equilibrium relationship between the real...

This paper investigates the long-run relationship between money supply, agricultural prices and industrial prices and tests for the proposition that agricultural prices respond to monetary shocks more rapidly than industrial prices and therefore monetary policy may affect the agricultural terms...