Exchange Rate Volatility and Purchasing Power Parity: Does Euro Make Any Difference?
This paper provides a new test of the purchasing power parity (PPP) and its relevance for the Euro. Principal component analysis (PCA) is employed to construct a pooled measure of inflation for 12 Euro-currency countries. This measure is used to test the PPP for Euro against three major currencies,...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Utara Malaysia
2010
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/25062/1/IJBF%207%201%202010%2099%20118.pdf http://repo.uum.edu.my/25062/ http://ijbf.uum.edu.my/index.php/previous-issues/139-the-international-journal-of-banking-and-finance-ijbf-vol-7-no-1-feb-march-2010 |
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