Description: Big MAC Index : Applications of Purchasing Power Parity, Paperback by Ong, L., ISBN 1349508551, ISBN-13 9781349508556, Brand New, Free shipping in the US 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 Economists 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. Th 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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Book Title: Big Mac Index : Applications of Purchasing Power Parity
Number of Pages: Xvi, 126 Pages
Language: English
Publisher: Palgrave Macmillan The Limited
Publication Year: 2003
Topic: Economics / Macroeconomics, Corporate Finance / General, Money & Monetary Policy
Illustrator: Yes
Genre: Business & Economics
Item Weight: 6.8 Oz
Item Length: 8.5 in
Author: L. Ong
Item Width: 5.5 in
Format: Trade Paperback
