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
There are 2 versions of this paper
The Euro-Dollar Exchange Rate & Pakistan Economy
The Euro-Dollar Exchange Rate & Pakistan Economy
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: Suggested Citation
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