The Big Mac Index: Applications of Purchasing Power Parity

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The Big Mac Index: Applications of Purchasing Power Parity

Name: The Big Mac Index: Applications of Purchasing Power Parity
ISBN: 9781403903105

Li Lian Ong

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This book demonstrates the applications of Purchasing Power Parity (PPP) 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.

Kategoriler:

Business & Economics

Yıl:

2003

Dil:

english

Sayfalar:

143

ISBN 10:

1403903107

ISBN 13:

9781403903105