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The Purchasing Power Parity Criterion for Stabilizing Exchange Rates

The Purchasing Power Parity Criterion for Stabilizing Exchange Rates »

Volume/Issue: 1989/52

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 June 1989

DOI: http://dx.doi.org/10.5089/9781451970166.001

ISBN: 9781451970166

Keywords: ppp, exchange rate, exchange rates, purchasing power parity, nominal exchange rate

The use of purchasing power parity as a basis of fixing exchange rates among industrial countries, as proposed by McKinnon, is discussed and contrasted with alternative interpretations of the PPP doctrine. Major po...

The Purchasing Power Parity Criterion for Stabilizing Exchange Rates

The Purchasing Power Parity Criterion for Stabilizing Exchange Rates »

Source: The Purchasing Power Parity Criterion for Stabilizing Exchange Rates

Volume/Issue: 1989/52

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 June 1989

ISBN: 9781451970166

Keywords: ppp, exchange rate, exchange rates, purchasing power parity, nominal exchange rate

The use of purchasing power parity as a basis of fixing exchange rates among industrial countries, as proposed by McKinnon, is discussed and contrasted with alternative interpretations of the PPP doctrine. Major po...