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Exchange Rate Policy Must Seek Undervaluation!

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  • Abdul Jalil

    (Pakistan Institute of Development Economics)

Abstract

In Pakistan, the exchange rate policy has always tended towards overvaluation (see Box 1). This policy has led to five major currency crises, an attack on foreign exchange reserves, and an eventual IMF programme, over the last 30 years (Haque and Hina, 2020).

Suggested Citation

  • Abdul Jalil, 2020. "Exchange Rate Policy Must Seek Undervaluation!," PIDE Knowledge Brief 2020:17, Pakistan Institute of Development Economics.
    • Handle: RePEc:pid:kbrief:2020:17
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    References listed on IDEAS

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    Cited by:

    1. Abdul Jalil, 2021. "Don’t Fall in Love with Parity: Understanding Exchange Rate Depreciation," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 60(3), pages 359-365.

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