Purchasing power parity: Evidence of long memory processes and fractional integration
The Purchasing Power Parity (PPP) theory, which serves as a key to the determination of several models of exchange rates, suggests a long-term relationship between exchange rates and relative prices. It states that the price levels in all the countries are the same when measured in terms of a single...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2015-07-01
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| Series: | Decision Science Letters |
| Subjects: | |
| Online Access: | http://www.growingscience.com/dsl/Vol4/dsl_2015_9.pdf |