State Bank of Pakistan

State Bank of Pakistan Research Bulletin

Papers and Proceedings
Ist SBP International Conference
“Monetary-cum-Exchange Rate Regime:
What Works Best for Emerging Market Economies?”
Karachi, 14-15 November, 2005

Volume 2, Number 1

Editor’s Note (Size in pdf 11KB)
Keynote Address by Dr. Ishrat Husain (Size in pdf 37KB)		i
Papers	Authors
Monetary Policy in a Small Emerging Economy: Exploring Desirable Interest Rate Rules by (Size in pdf 191KB)	Ehsan U. Choudhri	5
Comments (Size in pdf 26 KB)	Muhammad Farooq Arby	21
Monetary-Exchange Rate Policy and Current Account Dynamics (Size in pdf 329 KB)		23
Comments by (Size in pdf 14KB)	Riaz Riazuddin	58
How External Shocks and Exchange Rate Depreciations Affect Pakistan? Implications for Choice of an Exchange Rate Regim (Size in pdf 397KB)	Shaghil Ahmed,Iffat Ara, Kalim Hyder	61
Comments (Size in pdf 22 KB)	Muhammad Nadeem Hanif	89
Choosing the Right Exchange Rate Regime for Pakistan	Aasim Husain	91
Comments (Size in pdf 20 KB)	Najam Altaf	112
Exchange Rate Flexibility and the Monetary Policy Framework in Pakistan (Size in pdf 176 KB)	Iqbal M. Zaidi	115
Comments (Size in pdf 28 KB)	Abid Qamar	141
Is Inflation Targeting the Best Policy Choice for Emerging Economies? A Survey of Emerging Market Experiences and Lessons for Pakistan (Size in pdf 355 KB)	Ahmed M. Khalid	145
Comments (Size in pdf 16 KB)	M. Amin Khan Lodhi	166
Inflation Targeting in a Small Emerging Market Economy: The Case of Pakistan (Size in pdf 327 KB)	Ather H. Akbari, Wimal Rankaduwa	169
Comments (Size in pdf 19 KB)	Ather Elahi	191
Why the State Bank of Pakistan should not Adopt Inflation Targeting? (Size in pdf 261 KB)	M. Aslam Chaudhry, Munir A. S. Choudhary	195
Comments by Noor Ahmed (Size in pdf 17 KB)		210
Inflation in Pakistan: Money or Wheat? (Size in pdf 233 KB)	Mohsin S. Khan, Axel Schimmelpfennig	213
Comments(Size in pdf 67 KB)	Aftab Nadeem	235
Equilibrium Real Effective Exchange Rate and Exchange Rate Misalignment in Pakistan (Size in pdf 413 KB)	Zulfiqar Hyder, Adil Mahboob	237
Comments (Size in pdf 67 KB)	Syed Sajid Ali	264
The Long-run and Short-run Endogeneity of Money Supply in Pakistan: An Empirical Investigation(Size in pdf 75 KB)	Naved Ahmad, Fareed Ahmed	267
Comments (Size in pdf 21 KB)	Muhammad Omer	279
Institutional Arrangements for Financial Sector Governance (Size in pdf 206 KB)	Pervez Tahir	283
Comments (Size in pdf 16 KB)	Sahar Z. Babar	311
Concluding Remarks (Size in pdf 45 KB)	Shaghil Ahmed	313