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.
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.
Do you ever feel alone and unwanted? An inspiring tale for all ages, Mac's Big Wish helps us understand the true value of friendship. After spending much of his life alone at Puddleton's Pet Rescue...
"Until one has loved an animal, a part of one' s soul remains unawakened."-Anatole FranceWhen I was ten years old, I experienced my first loss: my precious yellow cat named Dandy. Unfortunately, loss...
Humorous, heartfelt, and endearing, My Heart Belongs in an Empty Big Mac Container Buried Beneath the Ocean Floor is the story of a young man (as empty as the Big Mac container itself) facing...
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