KHAN, Muhammad Arshad - In: International Journal of Applied Econometrics and … 5 (2008) 1, pp. 61-78
This study formulates and examines the monetary approach to the balance of payments by incorporating the currency substitution version of money demand function for Pakistan over the period 1962-2005 using FM-OLS and Johansen-Juselius cointegration techniques. The results suggest that real...