The Convergence Criteria and the SAARC Common Currency

The Convergence Criteria and the SAARC Common Currency

These included cross-country standard deviations of call money rates, consumer price indices, real exchange rates, growth rates of foreign exchange reserves, growth rates of real volume of trade, growth rate of real relative volume of trade and the growth rates of real per capita GDP. None of the se...

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Main Authors: Farooq Rasheed, Eatzaz Ahmed
Format: Article
Language:English
Published: Karachi Institute of Economics and Technology 2007-10-01
Series:Market Forces
Online Access:http://www.pafkiet.edu.pk/dnnbeta/LinkClick.aspx?fileticket=l1FNj%2ff7HWw%3d&tabid=160&mid=724
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spelling doaj-2702df345a744172a068a8d79bdac16e2020-11-24T23:30:49ZengKarachi Institute of Economics and TechnologyMarket Forces1816-84342007-10-0133215223The Convergence Criteria and the SAARC Common CurrencyFarooq RasheedEatzaz AhmedThese included cross-country standard deviations of call money rates, consumer price indices, real exchange rates, growth rates of foreign exchange reserves, growth rates of real volume of trade, growth rate of real relative volume of trade and the growth rates of real per capita GDP. None of the selected variables show signs for convergence of over the whole period of 1990s through 2000s. However, for the period of 2000s most of the economic indicators show signs of convergence. This suggests emerging signs for the prospects of common currency in SAARC region. The study, however, concludes that non-economic factors must also be considered seriously before making a serious move towards monetary union in the region.http://www.pafkiet.edu.pk/dnnbeta/LinkClick.aspx?fileticket=l1FNj%2ff7HWw%3d&tabid=160&mid=724
collection DOAJ
language English
format Article
sources DOAJ
author Farooq Rasheed
Eatzaz Ahmed
spellingShingle Farooq Rasheed
Eatzaz Ahmed
The Convergence Criteria and the SAARC Common Currency
Market Forces
author_facet Farooq Rasheed
Eatzaz Ahmed
author_sort Farooq Rasheed
title The Convergence Criteria and the SAARC Common Currency
title_short The Convergence Criteria and the SAARC Common Currency
title_full The Convergence Criteria and the SAARC Common Currency
title_fullStr The Convergence Criteria and the SAARC Common Currency
title_full_unstemmed The Convergence Criteria and the SAARC Common Currency
title_sort convergence criteria and the saarc common currency
publisher Karachi Institute of Economics and Technology
series Market Forces
issn 1816-8434
publishDate 2007-10-01
description These included cross-country standard deviations of call money rates, consumer price indices, real exchange rates, growth rates of foreign exchange reserves, growth rates of real volume of trade, growth rate of real relative volume of trade and the growth rates of real per capita GDP. None of the selected variables show signs for convergence of over the whole period of 1990s through 2000s. However, for the period of 2000s most of the economic indicators show signs of convergence. This suggests emerging signs for the prospects of common currency in SAARC region. The study, however, concludes that non-economic factors must also be considered seriously before making a serious move towards monetary union in the region.
url http://www.pafkiet.edu.pk/dnnbeta/LinkClick.aspx?fileticket=l1FNj%2ff7HWw%3d&tabid=160&mid=724
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