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The Big Mac Index. Applications of Purchasing Power Parity.
Li Lian Ong
€ 120.36
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Description for The Big Mac Index. Applications of Purchasing Power Parity.
Paperback. Num Pages: 126 pages, biography. BIC Classification: KCB; KCH; KCL; KFFH. Category: (G) General (US: Trade). Dimension: 216 x 140. .
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
2003
Publisher
Palgrave Macmillan United Kingdom
Number of pages
126
Condition
New
Number of Pages
126
Place of Publication
Basingstoke, United Kingdom
ISBN
9781349508556
SKU
V9781349508556
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Li Lian Ong
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.
Reviews for The Big Mac Index. Applications of Purchasing Power Parity.
'The survey chapters, articles, and references will be valuable to anyone interested in purchasing powe parity.' - E. Kacapyr, Choice