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International Parity Conditions: Theory, Econometric Testing and Empirical Evidence

International Parity Conditions: Theory, Econometric Testing and Empirical Evidence

Paperback

Economics

ISBN10: 1349255254
ISBN13: 9781349255252
Publisher: Springer Nature
Published: Jul 13 1997
Pages: 373
Weight: 1.09
Height: 0.87 Width: 5.50 Depth: 8.50
Language: English
This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages between world markets and the movement of interest and exchange rates across countries. The book falls into three parts dealing with the theory, methods of econometric testing and existing empirical evidence. Although it is intended to provide a consensus view on the subject, the authors also make some controversial propositions, particularly on the purchasing power parity conditions.

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Economics