The Big Mac index : applications of purchasing power parity / Li Lian Ong.

Format:

Book

Author/Creator:

Ong, Li Lian.

Language:

English

Subjects (All):

Purchasing power parity.

Foreign exchange rates.

Physical Description:

xvi, 126 pages : illustrations, map ; 23 cm

Place of Publication:

New York : Palgrave Macmillan, 2003.

Summary:

This book demonstrates the applications of Purchasing Power Parity (PPP) 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.

Notes:

Includes bibliographical references and index.

ISBN:

1403903107

OCLC:

50669245