Download or read book An Empirical Analysis of the Purchasing Power Parity Theory written by and published by . This book was released on 1982 with total page 1889 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Purchasing Power Parity written by María Pérez Jurado and published by . This book was released on 1993 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Purchasing Power Parity its theoretical perspective and empirical evidence written by Marc Munzer and published by GRIN Verlag. This book was released on 2009-08-19 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2009 in the subject Business economics - Investment and Finance, grade: 1,3, University of Hull, language: English, abstract: The Swedish economist Gustav Cassel developed his theory of Purchasing Power Parity (henceforth PPP) more than 80 years. Ago, and today it is still an essential part of the framework for forecasting exchange rates, which includes parity conditions in international finance. International parity conditions imply purchasing power parity, the Fisher effect, the interest rate parity theory and the expectations theory. “They are the set of equilibrium relationships which should hold between product prices, interest rates, and spot and forward exchange rates assuming a freely floating exchange system.” (Demirag and Goddard, 1994, 70) Unfortunately, these theories do not always work out in reality, especially in times of financial crisis. However, they give us a central understanding of how and why multinational business is related in the world. Sometimes, “the mistake is not always in the theory itself, but in the way it is interpreted or applied in practice” (Eitemann et.al., 2004, 133). This essay will take a detailed look at PPP, its theoretical perspective, and the empirical evidence for it. [...]
Download or read book An Empirical Analysis of Long run Purchasing Power Parity as a Theory of International Commodity Arbitrage written by Patricia Fraser and published by . This book was released on 1990 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Purchasing Power Parity Theory written by Nadir Mukhaybir and published by . This book was released on 1990 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Empirical analysis of the purchasing power parity hypothesis for the European community written by Dolors Berga and published by . This book was released on 1993 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Empirical Analysis of Purchasing Power Parity Theory written by and published by . This book was released on 2019 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: 購買力平價學說被視為重要學說,兩個國家之間的匯率會隨著物價水準的調整下,趨近相似.換句話說,兩國貨幣的匯率決定於兩國貨幣購買力的比例.本研究期間以1998年1月至2019年1月共2277筆資料,研究東協創始五國印尼,馬來西亞,菲律賓,新加坡,泰國,歐元區國家,中國及台灣對美國是否符合長期購買力平價學說.本研究之匯率是以各國兌美元之匯率,物價水準以各國消費者物價指數表示.利用單根檢定,檢定資料是否為定態,Johanson共整合判斷是否符合長期購買力平價學說.實證發現東協創始五國之印尼,馬來西亞,菲律賓,新加坡,泰國,歐元區國家,中國及台灣皆符合購買力學說.進一步分析因果關係及變數自身的解釋能力.
Download or read book Searching for Purchasing Power Parity written by Chiara Osbat and published by . This book was released on 2003 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Parity Conditions written by Razzaque H. Bhatti and published by Springer. This book was released on 2016-07-27 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages between world markets and the movement of interest and exchange rates across countries. The book falls into three parts dealing with the theory, methods of econometric testing and existing empirical evidence. Although it is intended to provide a consensus view on the subject, the authors also make some controversial propositions, particularly on the purchasing power parity conditions.
Download or read book Purchasing Power Parity and Exchange Rates written by Lawrence H. Officer and published by Greenwich, Conn. : JAI Press. This book was released on 1982 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evolution of PPP theory; Modern PPP theory and practice; Selected PPP studies.
Download or read book The Principle Practise and Problems of Purchasing Power Parity Theory written by Alina Ignatiuk and published by GRIN Verlag. This book was released on 2009-04 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2008 in the subject Business economics - Miscellaneous, grade: A, Schmalkalden University of Applied Sciences (Schmalkalden University), language: English, abstract: "Under the skin of any international economist lies a deep-seated belief in some variant of the PPP theory of the exchange rate." The purpose of this paper is to consider one of the most controversial theory in international economics - Purchasing Power Parity theory - its main idea, empirical evidence, limitations and practical application. The main idea of PPP is price levels changes determine the exchange rate change between two countries. There are two versions of PPP theory absolute and relative. Stricter absolute version of PPP did not find confirmation in reality and relative version of PPP theory was proposed. Despite theoretical and practical inconformity, PPP is present in many models of international economics as an explanation of exchange rate changes. The main apologist of PPP theory and its father was Gustav Cassel. He indicated that the exchange rate determined by price levels is not necessarily the actual exchange rate but the equilibrium one. Also Cassel mentioned that there is a tendency for the actual exchange rate to return to its equilibrium exchange rate. The original idea of PPP theory is described below: "Our willingness to pay a certain price for foreign money must ultimately and essentially be due to the fact that this money possesses a purchasing power as against commodities and services in that foreign country." In this paper we considered the principle and two versions of PPP theory, discussed its empirical evidence and econometrical tests, and also tried to find possible reasons why PPP theory fails in reality and answered the question is this theory still useful for explaining exchange rates movements.
Download or read book An Empirical Test of the Purchasing Power Parity Theory written by Daniel C. Falkowski and published by . This book was released on 1978 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Purchasing Power Parity Theory and Evidence written by Jakub Witold Wiśniewski and published by LAP Lambert Academic Publishing. This book was released on 2014-07-24 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is focused on the theory of purchasing power parity and presents its special place in the world of economic thought. Particular attention was paid to the possible reasons for deviations from the relationship determined by the parity and to the theoretical explanation of this phenomenon. The formal empirical verification is based on econometric tools that allow the study of the phenomenon of the co-integration of rates as well as of prices and the stationarity of real exchange rates. The survey was conducted on the basis of quarterly data taken from the 'OECD Statistical Compendium 2009' database for the years 1970-2009. The considerations of the issue end with the interpretation of the research outcome in the context of analyses published in the world literature.
Download or read book Purchasing Power Parity Theory and Empirical Evidence written by Ke Qi Zhang and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1976-01-01 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter presents a review article on the purchasing power parity (PPP) theory of exchange rates. The PPP theory involves the ratio of two countries' price levels or price indices times a base period exchange rate as the most important variable determining the exchange rate, but it allows both for other explanatory variables and for random influences. Criticisms of PPP include the existence of tariffs and transport costs, the role of income in exchange rate determination, and the existence of noncurrent account items in the balance of payments. The direction of causality (prices to exchange rates) has also been called into question. Several kinds of tests of the PPP theory have appeared in the empirical literature. One test demonstrates that the ratio of PPP to the exchange rate is systematically related to differences in per capita income across countries. Other tests correlate time series of PPP and the exchange rate or perform a comparative-static comparison of the two variables over time.
Download or read book The Monetary Approach to the Balance of Payments written by Jacob Frenkel and published by Routledge. This book was released on 2013-07-18 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them – a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.
Download or read book An Empirical Test of the Purchasing Power Parity Theory written by Daniel C. Falkowski and published by . This book was released on 1980 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
