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About this book
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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Keywords
Table of contents (6 chapters)
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Front Matter
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Back Matter
Reviews
'The survey chapters, articles, and references will be valuable to anyone interested in purchasing powe parity.' - E. Kacapyr, Choice
About the author
LI LIAN ONG is an economist with the International Capital Markets Department at the International Monetary Fund in Washington DC. Prior to joining the IMF in 2002, Li Lian worked in Sydney and Hong Kong as the Asia economist for the Macquarie Group. She has also worked as a staff assistant at Arthur Andersen in Kuala Lumpur, Malaysia.
Bibliographic Information
Book Title: The Big Mac Index
Book Subtitle: Applications of Purchasing Power Parity
Authors: Li Lian Ong
DOI: https://doi.org/10.1057/9780230512412
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Business & Management Collection, Business and Management (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2003
Hardcover ISBN: 978-1-4039-0310-5Published: 13 March 2003
Softcover ISBN: 978-1-349-50855-6Published: 01 January 2003
eBook ISBN: 978-0-230-51241-2Published: 13 March 2003
Edition Number: 1
Number of Pages: XVI, 126
Topics: Business Finance, Macroeconomics/Monetary Economics//Financial Economics, Econometrics, International Economics