Zehra, Iffat; Kashif, Muhammad; Chhapra, Imran Umer - In: International Journal of Emerging Markets 16 (2020) 8, pp. 1866-1891
Purpose: This paper aims to examine association of money demand with key macroeconomic variables in Pakistan. The paper also investigates the asymmetric effect of real effective exchange rate (REER) on money demand. Design/methodology/approach: The study employs both linear autoregressive...