The Big Mac Index : Applications of Purchasing Power Parity
Softcover reprint of the original 1st ed. 2003
by
L. Ong
Book Details
Format
Paperback / Softback
ISBN-10
1349508551
ISBN-13
9781349508556
Edition
Softcover reprint of the original 1st ed. 2003
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 1st, 2003
Print length
126 Pages
Ksh 16,200.00
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PPP is one of the most widely researched areas in international finance and one of the most controversial in the theory of exchange rate determination. The book also shows how The Big Mac Index could have been used to predict the Asian Currency Crisis and the Mexican Peso stand-off where more traditional economic measures failed.
PPP is one of the most widely researched areas in international finance and one of the most controversial in the theory of exchange rate determination. This book demonstrates the applications of Purchasing Power Parity 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 monetary standard. The book also shows how The Big Mac Index could have been used to predict the Asian Currency Crisis and the Mexican Peso stand-off where more traditional economic measures failed.
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