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Description - Purchasing Power Parity and Real Exchange Rates by Mark P. Taylor

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.

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Book Details

ISBN: 9780415639651
Format: Paperback / softback
(276mm x 216mm x mm)
Pages: 226
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 11-Jul-2013
Country of Publication: United Kingdom

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