Purchasing Power Parity and Real Exchange Rates
Title | Purchasing Power Parity and Real Exchange Rates PDF eBook |
Author | Mark P. Taylor |
Publisher | Routledge |
Pages | 227 |
Release | 2013-09-13 |
Genre | Business & Economics |
ISBN | 1317988205 |
The term Purchasing Power Parity may date from the early twentieth century, when it was coined by the Swedish economist Gustav Cassel, but the underlying concept had been enjoying varying degrees of success since its development in sixteenth century Spain. Even towards the end of the twentieth century, and especially since the breakdown of the Bretton Woods system of fixed exchange rates, PPP and the stability of real exchange rates continued to be the subject of academic debate. This volume brings together essays covering aspects of current thinking on Purchasing Power Parity, from the various ways in which to test for its existence, to its appearance in different economies around the world, to examinations of the explanations given when PPP does not appear to hold This book was published as a special issue of Applied Financial Economics. The academic editor of this journal is Mark P. Taylor.
Purchasing Power Parity and Exchange Rates
Title | Purchasing Power Parity and Exchange Rates PDF eBook |
Author | Lawrence H. Officer |
Publisher | Greenwich, Conn. : JAI Press |
Pages | 394 |
Release | 1982 |
Genre | Business & Economics |
ISBN |
Evolution of PPP theory; Modern PPP theory and practice; Selected PPP studies.
The Economics of Exchange Rates
Title | The Economics of Exchange Rates PDF eBook |
Author | Lucio Sarno |
Publisher | |
Pages | 344 |
Release | 2002 |
Genre | Business & Economics |
ISBN |
Table of contents
Purchasing Power Parity and the Real Exchange Rate
Title | Purchasing Power Parity and the Real Exchange Rate PDF eBook |
Author | Lucio Sarno |
Publisher | |
Pages | 52 |
Release | 2001 |
Genre | Foreign exchange rates |
ISBN |
Deviations of Exchange Rates from Purchasing Power Parity
Title | Deviations of Exchange Rates from Purchasing Power Parity PDF eBook |
Author | Mr.Tamim Bayoumi |
Publisher | International Monetary Fund |
Pages | 18 |
Release | 1998-05-01 |
Genre | Business & Economics |
ISBN | 1451960840 |
We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Strikingly, we find that while the international real rates taken as a group appear mean-reverting, the intra-national rates are not. This is consistent with the view that while monetary shocks may be mean-reverting over the medium term, underlying real factors do generate long-term trends in real exchange rates.
Currencies, Commodities and Consumption
Title | Currencies, Commodities and Consumption PDF eBook |
Author | Kenneth W. Clements |
Publisher | Cambridge University Press |
Pages | 401 |
Release | 2013-01-31 |
Genre | Business & Economics |
ISBN | 110701476X |
Discusses economic issues associated with exchange rates, commodity prices, the economic size of countries and alternatives to PPP exchange rates.
International Parity Conditions
Title | International Parity Conditions PDF eBook |
Author | Razzaque H. Bhatti |
Publisher | Springer |
Pages | 389 |
Release | 2016-07-27 |
Genre | Business & Economics |
ISBN | 1349255238 |
This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages between world markets and the movement of interest and exchange rates across countries. The book falls into three parts dealing with the theory, methods of econometric testing and existing empirical evidence. Although it is intended to provide a consensus view on the subject, the authors also make some controversial propositions, particularly on the purchasing power parity conditions.