Ahmed, Hamna - In: Lahore Journal of Economics 14 (2009) Special Edition, pp. 51-86
concerning the effect of capital flows on the RER in Pakistan. Based on various macroeconomic fundamentals suggested in economic … the terms of trade, government spending, degree of openness, workers’ remittances, foreign direct investment (FDI) flows … suffers from chronic overvaluation in Pakistan. In spite of filtering out unsustainable and temporary flows, overvaluation …