Validity of Purchasing Power Parity in BRICS under a DFA Approach
This study tests the validity of the purchasing power parity (PPP) theory in Brazil, Russia, India, Macao-China and South Africa. We examine real exchange rates of these countries for mean reversion. The Hurst exponent is our mean reversion measure which is evaluated by the Detrended Fluctuation...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Danubius University
2017-02-01
|
| Series: | Acta Universitatis Danubius: Oeconomica |
| Subjects: | |
| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/3715/3847 |