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portada Purchasing Power Parity and Real Exchange Rates
Type
Physical Book
Publisher
Author
Language
English
Pages
226
Format
Paperback
ISBN13
9780415639651
Edition No.
1

Purchasing Power Parity and Real Exchange Rates

Mark P. Taylor (Editor) (Author) · Routledge · Paperback

Purchasing Power Parity and Real Exchange Rates - Mark P. Taylor (Editor)

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Synopsis "Purchasing Power Parity and Real Exchange Rates"

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.

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