Measuring Misalignment : Purchasing Power Parity and East Asian Currencies in the 1990s

Purchasing Power Parity and East Asian Currencies in the 1990s

Measuring Misalignment : Purchasing Power Parity and East Asian Currencies in the 1990s
The concept of purchasing power parity (PPP) is used to evaluate whether eight East Asian currencies were overvalued on the eve of the 1997 crises. The Johansen and Horvath-Watson cointegration test procedures are applied to bilateral and multilateral exchange rates, deflated using CPIs, producer price indices (PPIs), and price indices of export... READ MORE...

Publication date: September 1999
ISBN 9781451854251
$15.00

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