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This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages between world markets and the movement of interest and exchange rates across countries. The book falls into three parts dealing with the theory, methods of econometric testing and existing empirical evidence. Although it is intended to provide a consensus view on the subject, the authors also make some controversial propositions, particularly on the purchasing power parity conditions.
This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages bet
This note reviews the four central parity conditions that underlie most theories regarding the relationship between exchange rates, inflation, and interest rate
This note develops the foundations of the ideas underlying much of the theory and practice of International Finance, notably the basic 'parity conditions' linki
International transactions among nations and multinational corporations are important and growing due to the openness of economies all over the world. In this f
Global Corporate Finance: A Focused Approach introduces students to basic principles of international corporate finance. The book stresses practical application
