The Euro-Dollar Exchange Rate & Pakistan Economy

European Journal of Scientific Research, Vol. 42, No. 1, pp. 6-15, 2010

10 Pages Posted: 30 Sep 2010

See all articles by Sulaiman D. Muhammad

Sulaiman D. Muhammad

Federal Urdu University of Arts Science & Technology

Irfan Lal

Institute of Business Management (IoBM)

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Abstract

The core idea of the paper is to empirically assess the effect of Euro-Dollar Exchange rate on chosen macroeconomic variables, like, real output, price level, and money supply of Pakistan. We applied VAR based approaches to find the relation among the said variables due to high reliance on United States dollar; the results are apparent that there is no significant impact of Euro and US dollar exchange rate on the selected macroeconomic variables, GDP, CPI and money Supply of Pakistan.

Keywords: Exchange Rate, Impulse Response, Macroeconomics Aggregates

JEL Classification: F31, C01, B22

Suggested Citation

Muhammad, Sulaiman D. and Lal, Irfan, The Euro-Dollar Exchange Rate & Pakistan Economy. European Journal of Scientific Research, Vol. 42, No. 1, pp. 6-15, 2010, Available at SSRN: https://ssrn.com/abstract=1684571

Sulaiman D. Muhammad

Federal Urdu University of Arts Science & Technology ( email )

Sector G-7/1, Main University Road
Gulshan-e-Iqbal
Karachi, Sindh 744000
Pakistan

Irfan Lal (Contact Author)

Institute of Business Management (IoBM) ( email )

Plot # 84
Korangi Creek
Karachi, Sindh 75190
Pakistan

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