The Big Mac Index : Applications of Purchasing Power Parity

Name: The Big Mac Index
Brand: Palgrave Macmillan
SKU: 9781349508556
Price: 16200 KES
Availability: OutOfStock
ISBN: 9781349508556

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

Product Classification: Macroeconomics Econometrics Econometrics and economic statistics Economic statistics International economics Corporate finance

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.

Get The Big Mac Index by L. Ong at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Palgrave Macmillan and it has 126 pages.