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Author: Georg Junge
Publisher: Transaction Publishers
Published: 1984-01-01
Total Pages: 256
ISBN-13: 9781412832540
DOWNLOAD EBOOKAuthor: International Monetary Fund
Publisher: International Monetary Fund
Published: 1989-06-21
Total Pages: 54
ISBN-13:
DOWNLOAD EBOOKThe use of purchasing power parity as a basis of fixing exchange rates among industrial countries, as proposed by McKinnon, is discussed and contrasted with alternative interpretations of the PPP doctrine. Major policy implications of such a regime are emphasized. Furthermore, a new technique for estimating PPP exchange rates which makes use of price pressure exerted by exchange deviation is introduced. This method is capable of solving the “base-year” problem more satisfactorily than the traditional Cassel-Keynes methodology. Estimated yen/dollar and mark/dollar PPP exchange rates are close to estimates derived using other methods.
Author: Georg Junge
Publisher:
Published: 1983
Total Pages: 476
ISBN-13:
DOWNLOAD EBOOKAuthor: Kenneth W. Clements
Publisher: Cambridge University Press
Published: 2013-01-31
Total Pages: 401
ISBN-13: 110701476X
DOWNLOAD EBOOKDiscusses economic issues associated with exchange rates, commodity prices, the economic size of countries and alternatives to PPP exchange rates.
Author: Louka T. Katseli
Publisher:
Published: 1979
Total Pages: 58
ISBN-13:
DOWNLOAD EBOOKAuthor: Ronald I. McKinnon
Publisher:
Published: 1988
Total Pages: 90
ISBN-13:
DOWNLOAD EBOOKAuthor: Mark P. Taylor
Publisher: Routledge
Published: 2013-09-13
Total Pages: 434
ISBN-13: 1317988191
DOWNLOAD EBOOKThe 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.
Author: R.W. Jones
Publisher: North Holland
Published: 1984
Total Pages: 654
ISBN-13:
DOWNLOAD EBOOKTextbook, research papers on international economic theory, economic policy and practice - includes a literature survey of theoretical studies in trade relations; covers evolution of economic models explaining the determinants of trade structure, capital flow, labour mobility, trade in natural resources, etc.; examines macroeconomics aspects of balance of payments, exchange rate, international monetary system, economic relations and dependence, etc. Bibliography, graphs, statistical tables.
Author: Ronald MacDonald
Publisher: Routledge
Published: 2005
Total Pages: 334
ISBN-13: 1134838220
DOWNLOAD EBOOK''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Author: Sebastian Edwards
Publisher: Johns Hopkins University Press
Published: 1988
Total Pages: 110
ISBN-13:
DOWNLOAD EBOOKThis article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.
