Posts Tagged Parity
Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies
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Yotopoulos extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. The analysis and tests draw on empirical research from seventy… More >>
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The Big Mac Index: Applications of Purchasing Power Parity
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This book demonstrates the applications of Purchasing Power Parity (PPP) in exchange rate determination as well as more practical applications of salary comparison and the cost-of living across borders. It uses The Economist’s annual Big Mac Index in place of the traditional basket of services used in PPP research. The author demonstrates that this is a good solution to the index-number problem since it is readily available and more appealing as an international mon… More >>
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Exchange Rate: Exchange Rate, Finance, Japanese Yen, United States Dollar, Foreign Exchange Market, Exchange Rate Regime, Real Exchange Rate Puzzles, Interest Rate Parity, Capital Asset Pricing Model
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In finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. It is the value of a foreign nation?s currency in terms of the home nation?s currency. For example an exchange rate of 91 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 91 is worth the same as USD 1. The foreign exchange market is one of the largest markets i… More >>
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