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The Big Mac Index: Applications of Purchasing Power Parity
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The Big Mac Index: Applications of Purchasing Power Parity Hardcover - 2003

by L. Ong


From the publisher

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.

Details

  • Title The Big Mac Index: Applications of Purchasing Power Parity
  • Author L. Ong
  • Binding Hardcover
  • Edition First Printing
  • Pages 126
  • Volumes 1
  • Language ENG
  • Publisher Palgrave MacMillan, Gordonsville, Virginia, U.S.A.
  • Date 2003-03-13
  • Features Bibliography, Dust Cover, Index
  • ISBN 9781403903105 / 1403903107
  • Weight 0.66 lbs (0.30 kg)
  • Dimensions 9 x 5.42 x 0.5 in (22.86 x 13.77 x 1.27 cm)
  • Library of Congress subjects Foreign exchange rates, Purchasing power parity
  • Library of Congress Catalog Number 2002033302
  • Dewey Decimal Code 332.41

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.
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The Big Mac Index: Applications of Purchasing Power Parity
Stock Photo: Cover May Be Different

The Big Mac Index: Applications of Purchasing Power Parity

by Ong, L

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Description:
Palgrave Macmillan. hardcover. New. 5x0x8. Brand New Book in Publishers original Sealing
Item Price
$185.00
$15.00 shipping to USA