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Intro -- Contents -- I. INTRODUCTION -- II. DE FACTO REGIMES IN KAZAKHSTAN AND PAKISTAN -- III. TEMPLATE -- IV …
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template is applied to Kazakhstan and Pakistan. The results indicate a fairly strong case against a pegged regime in Pakistan …. The implications for Kazakhstan are mixed, although changes in that economy in recent years strengthen the case against a …
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According to Frankel and Catao (2011), a commodity exporting developing economy is advised to target the output price index rather than consumer price index, as the former monetary policy is automatically countercyclical against the volatile terms of trade shock. This paper constructs a dynamic...
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