Long-run purchasing power parity: the case of Greece 1980-1992
In this paper we use cointegration techniques to test the long-run Purchasing Power Parity (PPP) hypothesis for nine Drachma exchange rates within the European currency area. The results support the long-run PPP hypothesis only in the cases of Portugal, Spain and the UK, as these countries were not seriously constrained by the Exchange Rate Mechanism (ERM).
Year of publication: |
1994
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Authors: | Dockery, Everton ; Georgellis, Yannis |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 1.1994, 6, p. 99-101
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Publisher: |
Taylor & Francis Journals |
Saved in:
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