Is SADC an optimal currency area? Evidence from the generalized purchasing power parity test
Sign Up to like & getrecommendations! Published in 2018 at "Economic Change and Restructuring"
DOI: 10.1007/s10644-017-9204-7
Abstract: AbstractIn this paper we investigate the likelihood of a proposed monetary union in the Southern African Development Community (SADC) from the view point of the generalized purchasing power parity (GPPP) hypothesis and optimum currency area… read more here.
Keywords: sadc; purchasing power; generalized purchasing; exchange ... See more keywords
Long-run purchasing power parity redux
Sign Up to like & getrecommendations! Published in 2020 at "Journal of International Money and Finance"
DOI: 10.1016/j.jimonfin.2020.102260
Abstract: Abstract We test for long-run covariability between nominal exchange rate depreciation and inflation differentials to provide a new perspective on long-run Purchasing Power Parity (PPP). The method directly tests Cassel’s concept of relative PPP and… read more here.
Keywords: run; purchasing power; run purchasing; power parity ... See more keywords
PURCHASING POWER PARITY TESTS IN COINTEGRATED PANELS: EVIDENCE FROM NEWLY INDUSTRIALIZED COUNTRIES
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DOI: 10.35866/caujed.2019.44.1.004
Abstract: This paper examines the long-run purchasing power parity (PPP) by testing for unit roots in real exchange rates of 10 newly industrialized countries (NICs) during the period 1980-2013. Alternatively, this paper examines the long-run PPP… read more here.
Keywords: long run; power parity; purchasing power; newly industrialized ... See more keywords