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Does Long‐run Purchasing‐power Parity Hold within the European Monetary System?

✍ Scribed by Bleaney, Michael

Book ID
120677256
Publisher
Emerald Group Publishing Limited
Year
1992
Tongue
English
Weight
440 KB
Volume
19
Category
Article
ISSN
0144-3585

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## Abstract This study tests for the long‐run purchasing power parity hypothesis for a panel of 17 African economies, all belonging to the Common Market for Eastern and Southern Africa, over the period 1970–2007. This assumption is considered both in its traditional view, that is, the reversion of