Business & Economics Books:

The Big Mac Index

Applications of Purchasing Power Parity

Format

Hardback

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The Big Mac Index by Li Lian Ong
$281.99
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Description

Purchasing Power Parity (PPP) is one of the most widely researched areas in international finance and one of the most controversial in the theory of exchange rate determination. This book demonstrates the applications of Purchasing Power Parity in exchange rate determination as well as more practical applications of salary comparison and the cost of living across borders. It uses "The Economist" magazine'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.

Author Biography

LI LIAN ONG is an economist with the International Capital Markets Department at the International Monetary Fund in Washington DC. Prior to joining the IMF in 2002, Li Lian worked in Sydney and Hong Kong as the Asia economist for the Macquarie Group. She has also worked as a staff assistant at Arthur Andersen in Kuala Lumpur, Malaysia.
Release date NZ
March 13th, 2003
Author
Country of Publication
United States
Edition
2003 ed.
Illustrations
XVI, 126 p.
Imprint
Palgrave Macmillan
Pages
126
Dimensions
140x216x13
ISBN-13
9781403903105
Product ID
2249084

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