Khan, Abdul Jalil; Azim, Parvez; Syed, Shabib Haider - In: Lahore Journal of Economics 19 (2014) 1, pp. 31-66
import demand functions with reference to Pakistan’s trading partners. We use GARCH-based exchange rate volatilities and the … with that of the short run. The results show that, when Pakistan employed the US dollar as the vehicle currency with its … remained unaffected by volatility distortions when Pakistan traded with its developing partners using bilateral exchange rates …