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Substitutability of Pakistan's Monetary Assets under Alternative Monetary Aggregates

M. Aynul Hasan, S. Ghulam Kadir and S. Fakhre Mahmud
The Pakistan Development Review
Vol. 27, No. 3 (Autumn 1988), pp. 317-326
Stable URL: http://www.jstor.org/stable/41259051
Page Count: 10
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Substitutability of Pakistan's Monetary Assets under Alternative Monetary Aggregates
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Abstract

This paper's main objective is to empirically investigate whether or not the use of the simple-sum aggregate is justified in the context of Pakistan's economy and also to determine the degree of substitutability of monetary assets.

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