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State Bank of Pakistan Research Bulletin
Volume 5, Number 2	November, 2009

	Title
Articles
	Misalignment of Real Exchange Rate with its Equilibrium Path: Case of Pakistan	Shah Hussain
	Exchange Rate Risk Exposure Related to Public Debt Portfolio of Pakistan: Application of Value-at-Risk Approaches	Farhan Akbar Thierry Chauveau
	An Analysis of Degree of Competition in Banking Sector of Pakistan through a Direct Measure of Market Contestability	Mahmood ul Hasan Khan
Opinion
	Fallout of the Stand-By Arrangement on Pakistan’s Economy – Balance of Payments and Exchange Rate	Riaz Riazuddin
Book Review
	The Economics of Growth; Philippe Aghion and Peter Howitt	Shahid Hussain Javaid
	Back Cover