Purchasing Power Parity and Real Exchange Rates

ISBN 10: 0415558654 / ISBN 13: 9780415558655

Published by Taylor & Francis Group, 2009

About this Item

pp. 232.

Seller Inventory # 26758852

Bibliographic Details

• Title: Purchasing Power Parity and Real Exchange Rates
• Publisher: Taylor & Francis Group
• Publication Date: 2009
• Language: English
• ISBN 10: 0415558654
• ISBN 13: 9780415558655
• Binding: Hardcover
• Condition: New

About this title

Synopsis

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.

About the Author

Mark Taylor is a leading international authority on open economy macroeconomics and international finance. He is Professor of International Finance and Macroeconomics at Warwick and a Managing Director of Barclays Global Investors (BGI).