Open AccessAn Estimation of the Extent of Over¬valuation of the Domestic Currency in Pakistan at the Official Rate of Exchange, 1948/49—1964/65
Author(s) -
Asif Islam
Publication year - 1970
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v10i1pp.50-67
Subject(s) - currency , exchange rate , estimation , economics , valuation (finance) , econometrics , devaluation , point (geometry) , construct (python library) , monetary economics , mathematics , finance , computer science , geometry , management , programming language
The purpose of this paper is mainly two-fold: to examine somemethod¬ological issues involved in estimating the rate of overvaluationand to make a point-estimate of the rate based on observed data; and toconstruct time-series estimates of rates of overvaluation of Pakistanicurrency at the official exchange rate for the period from 1948/49 to1964/65.