A Prism Into the PPP Puzzles
A Prism Into the PPP Puzzles

Author: David C. Parsley

Publisher:

Published: 2004

Total Pages: 64

ISBN-13:

DOWNLOAD EBOOK

"The real exchange rate (RER) has been called the single most important price, yet its behavior exhibits several puzzles. In this project, we use Big Mac prices as a unique prism to study the movement of real exchange rates. Part of our innovation is to match these prices to the prices of individual ingredients. There are a number of advantages associated with our approach. First, unlike the CPI RER, we can measure the Big Mac RER in levels. Second, unlike the CPI RER, for which the attribution to tradable and non-tradable components involves assumptions on the weights and the functional form, we (almost) know the exact composition of a Big Mac, and can estimate the tradable and non-tradable components relatively precisely. Third, we can study the dynamics of the RER in a setting free of: the product-aggregation bias, the temporal aggregation bias, and the bias generated by non-compatible consumption baskets across countries. Fourth that Engel's result that deviations from the law of one price are sole explanation for RER movements does not hold generally. We offer some evidence that departure from the Engel effect can be systematically linked to economic factors"--NBER website

A Guide to International Monetary Economics, Third Edition
A Guide to International Monetary Economics, Third Edition

Author: Hans Visser

Publisher: Edward Elgar Publishing

Published: 2006-01-01

Total Pages: 276

ISBN-13: 9781845423643

DOWNLOAD EBOOK

A Guide to International Monetary Economics is a systematic overview of exchange rate theories, an analysis of exchange rate systems and a discussion of exchange rate policies including discussion of the obstacles that may confront policymakers while running any particular system. This third edition emphasises recent developments such as the creation and expansion of the euro and the radical solution of dollarisation. The book is a concise treatment of this complex field and does not encumber the reader with a surfeit of potentially distracting Institutional details.

An Introduction to International Economics
An Introduction to International Economics

Author: Kenneth A. Reinert

Publisher: Cambridge University Press

Published: 2020-08-27

Total Pages: 579

ISBN-13: 110847005X

DOWNLOAD EBOOK

Ideal for a one-semester course in international economics, this book is accessible to those within and outside of economics programs.

Introduction to Foreign Exchange Rates, Second Edition
Introduction to Foreign Exchange Rates, Second Edition

Author: Thomas J. O'Brien

Publisher: Business Expert Press

Published: 2016-12-02

Total Pages: 175

ISBN-13: 1631576135

DOWNLOAD EBOOK

As managers expand their international business operations, they are confronted by the puzzling and vexing world of foreign exchange (FX) rates. This book is designed as a resource that can help managers quickly understand and navigate the FX market. The text may be used as an introductory module in a course in international finance, whether the course is oriented to international markets, international investments, or international corporate finance. The primary intended audience is an applied MBA course aimed at executives, managers, and would-be managers. After an introduction to FX rates, the author covers the important topic FX rate valuation. It is important for managers to understand when an FX rate may be incorrectly valued, as this situation may have a bearing on corporate decisions on strategy, risk management, capital structure, and overseas investments and operations. He also discusses the mechanics of forward FX contracts and their use in managing the risk of future foreign currency cash flow and includes a case that unifies the ideas. The case company is faced with FX exposure in the revenues from a proposed new foreign customer. The decision maker applies the text material to estimate whether the FX rate is over-, under-, or correctly valued. The final decisions are whether to expand sales to the foreign market and whether to hedge the FX risk.

The Evolving Role of China in the Global Economy
The Evolving Role of China in the Global Economy

Author: Yin-Wong Cheung

Publisher: MIT Press

Published: 2013

Total Pages: 473

ISBN-13: 0262018233

DOWNLOAD EBOOK

China is now the world's second largest economy and may soon overtake the United States as the world's largest. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment.

International Financial Management
International Financial Management

Author: Geert Bekaert

Publisher: Cambridge University Press

Published: 2017-11-30

Total Pages: 1047

ISBN-13: 110854715X

DOWNLOAD EBOOK

This new and fully updated edition of International Financial Management blends theory, data analysis, examples and practical case situations to equip students and business leaders with the analytical tools they need to make informed financial decisions and manage the risks that businesses face in today's competitive global environment. Combining theory and practice, the authors offer the reader a multitude of real-world examples and case studies, emphasising fundamental concepts, principles and analytical theories to enable students to understand not only what to do when confronted with an international financial decision, but why that choice is the correct one. Features include: real data analysis - all fully updated for the third edition; extended cases illustrating practical application of theory; point-counterpoints offering insight into contentious issues; concept boxes that explore and illustrate key concepts; and end-of-chapter questions. Suitable for M.B.A and advanced undergraduate business students taking a course in international financial management or international finance.

Consumer Behavior
Consumer Behavior

Author: Ayalla Ruvio

Publisher: John Wiley & Sons

Published: 2023-02-01

Total Pages: 370

ISBN-13: 1119912415

DOWNLOAD EBOOK

In Consumer Behavior, the authors deliver a cutting-edge examination of consumer behavior, combining a thorough introduction to the subject with an overview of common and important consumer behaviors, contemporary social issues impacting consumer behavior including social media, a global mindset of consumer behaviors, and the ethical aspects of consumer behavior. The authors draw on extensive consumer behavior research and teaching experience to offer a streamlined pedagogical framework designed to provide a contemporary and fresh voice in the discipline. Consumer Behavior is ideal for undergraduates, graduate, MBAs, and executives seeking new insights to better understand consumers. In this edition, you'll find: An easy-to-follow introduction to and overview of consumer behavior The consumer buying process A throughgoing focus on global, ethical, and social media issues relevant to consumer behavior Supplementary materials for instructors, including PowerPoint slides and a Test Bank

Global Economic Issues and Policies
Global Economic Issues and Policies

Author: Joseph P. Daniels

Publisher: Routledge

Published: 2017-10-25

Total Pages: 630

ISBN-13: 1351998293

DOWNLOAD EBOOK

This introduction to all aspects of international economics, business and finance is the clearest guide available to the economics of the world we live in. Written in a highly engaging style, packed full of up-to-the minute, real-world case studies and pitched at introductory level, the book does an expert job of drawing students in and will leave them equipped with a comprehensive toolkit of methods and essential facts. Now in its fourth edition, Global Economic Issues and Policies reflects continuing changes in the world economy and in the analysis of international economics. Chapter introductions, pedagogy and data have all been thoroughly updated throughout, including the addition of a new ‘Issues & Policies Notebook’ feature. Key topics for expansion and revision include: Evolution of Comparative Advantage Import Quotas and Subsidies Services in Regional and Multilateral Trade Agreements Balance of Payments Accounting Unconventional Central Bank Policies Territorial versus Worldwide Taxation and "Tax Inversions" The role of Foreign Exchange Markets and Exchange-Rate Arrangements Public Policy Issues in International Money and Finance The text is suitable for any introductory module in international economics and business, whether taught as part of an economics, business or international studies program. It is also the ideal MBA level introduction to the global economy.

Globalized Sport Management in Diverse Cultural Contexts
Globalized Sport Management in Diverse Cultural Contexts

Author: James J. Zhang

Publisher: Routledge

Published: 2019-04-05

Total Pages: 301

ISBN-13: 0429559372

DOWNLOAD EBOOK

Cross-cultural management is an important facet of the globalized sport industry. Sport managers must be skilled at working with individuals from diverse cultures and aware of the key issues affecting sport on a global level. This book brings together cutting-edge research from leading sport scholars from around the world, to illuminate some of those important issues and to demonstrate what cross-cultural management looks like in a sporting context. Presenting case studies from countries as diverse as the US, Brazil, Poland and Venezuela, and across a range of sports from football to basketball, the book presents new empirical material derived from a range of inquiry protocols, including both qualitative and quantitative methods. It offers critical analyses of cross-cultural and managerial issues in key areas such as group cohesiveness, group communications, and misperception and misinterpretation. Making an important contribution to our understanding of both theory and practice in sport management, this book is fascinating reading for any student, researcher or practitioner with an interest in global and international sport.

Currencies, Commodities and Consumption
Currencies, Commodities and Consumption

Author: Kenneth W. Clements

Publisher: Cambridge University Press

Published: 2013-01-31

Total Pages: 401

ISBN-13: 1139619616

DOWNLOAD EBOOK

Currency values, prices, consumption and incomes are at the heart of the economic performance of all countries. In order to make a meaningful comparison between one economy and another, economists routinely make use of purchasing power parity (PPP) exchange rates, but while PPP rates are widely used and well understood, they take a lot of effort to produce and suffer from publication delays. Currencies, Commodities and Consumption analyses the strengths and weaknesses of two alternatives to PPP. Firstly, the so-called Big Mac Index, which uses hamburger prices as a standard of measurement, and second, a less well known technique which infers incomes across countries based on the proportion of consumption devoted to food. Kenneth W. Clements uses international macroeconomics, microeconomic theory and econometrics to provide researchers and policy makers with insights into alternatives to PPP rates and make sense of the ongoing instability of exchange rates and commodity prices.