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Substitutability of Pakistan's Monetary Assets under Alternative Monetary Aggregates

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Author Info

  • M AYNUL HASAN

    (Economics at Acadia University,)

  • S. GHULAM KADIR

    (State Bank of Pakistan, Karachi, Pakistan.)

  • S. FAKHRE MAHMUD

    (Economics at Acadia University,)

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    Abstract

    This paper's main objective is to empirically investigate whether or not the use of the simple-sum aggregate is justified in the context of Pakistan's economy and also to determine the degree of substitutability of monetary assets.

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    File URL: http://www.pide.org.pk/pdf/PDR/1988/Volume3/317-326.pdf
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    Bibliographic Info

    Article provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.

    Volume (Year): 27 (1988)
    Issue (Month): 3 ()
    Pages: 317-326

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    Handle: RePEc:pid:journl:v:27:y:1988:i:3:p:315-326

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    1. Clements, Kenneth W. & Nguyen, Phuong, 1980. "Economic monetary aggregates--comment," Journal of Econometrics, Elsevier, vol. 14(1), pages 49-53, September.
    2. Barnett, William & Offenbacher, Edward & Spindt, Paul, 1981. "New Concepts of Aggregated Money," Journal of Finance, American Finance Association, vol. 36(2), pages 497-505, May.
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    Cited by:
    1. International Monetary Fund, 2005. "Three Attempts At Inflation Forecasting in Pakistan," IMF Working Papers 05/105, International Monetary Fund.

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