𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Buffer stocks, exchange rates and deviations from purchasing power parity

✍ Scribed by R. MacDonald


Publisher
Springer-Verlag
Year
1985
Tongue
English
Weight
631 KB
Volume
10
Category
Article
ISSN
0377-7332

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


Does purchasing power parity hold in eme
✍ Mario Cerrato; Nicholas Sarantis πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 181 KB

## Abstract We examine the purchasing power parity (PPP) hypothesis using a unique panel of monthly data on black market exchange rates for 34 emerging market economies. We apply a large number of recent heterogeneous panel unit root and cointegration tests. Panel unit root tests reject mean revers

Can a relative purchasing power parity-b
✍ Marc W. Simpson; Axel Grossmann πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 225 KB

This study uses a relative purchasing power parity (ppp) model-one that is an alternative to the 'real exchange rate'to construct a time-varying equilibrium exchange rate of six US Dollar exchange rates. A linear forecasting technique is then used to determine the horizon over which a relative ppp-b

International real interest rate differe
✍ Mark P. Taylor; Lucio Sarno πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 115 KB πŸ‘ 1 views

## Abstract According to one strand of the international finance literature, market efficiency implies that the real exchange rate follows a martingale process, in direct conflict with the long‐run absolute purchasing power parity hypothesis, which requires a stationary real exchange rate process.