期刊名称：South Asian Studies : A Research Journal of South Asian Studies
印刷版ISSN：1026-678X
出版年度：2010
卷号：25
期号：1
页码：125-141
出版社：University of the Punjab, Lahore
摘要：This study aims to analyze the impact of foreign exchange inflows on equilibrium real exchange rate of Pakistan for the period 1993 M7 to 2009 M3 through behavioral equilibrium real exchange rate (BEER) approach. The BEER approach uses econometric technique of cointegration to establish a behavioral link between the real exchange rate and relevant macroeconomic fundamentals. The study shall conclude that massive foreign direct investment inflows and workers 'remittances have significantly appreciated equilibrium real exchange rate of Pakistan. The purpose of this paper is to investigate the impact of foreign exchange inflows in Pakistan in the form of FDI and workers' remittances on equilibrium real exchange rate of Pakistan.
关键词：Foreign Direct Investment (FDI); Behavioral Equilibrium Real Exchange Rate (BEER); Real Exchange Rate Misalignment (RERM); Equilibrium Real Exchange Rate (ERER); GDP; Fiscal Year
