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In our society today, money's value is measured by what it can buy—its purchasing power—not by its material worth, but it hasn't always been so. · My previous papers Impact of agriculture output on exchange rates and Currency competition-Survival of the fittest dealt with issues surrounding...
Persistent link: https://www.econbiz.de/10005408054
There is a consensus among scholars that overvalued exchange rates result in currency crises. This paper estimates the equilibrium real exchange rate for Turkey and finds that the lira was indeed overvalued before the crises in 1994 and 2001. However, the actual real exchange rate is at present...
Persistent link: https://www.econbiz.de/10005556625
The movement of illegal goods and illegal migrants also points to the importance of Mexico. Ignoring Mexico leaves a large hole in the U.S. security perimeter. If it is so easy for goods and people to move across the border, how does the United States plan to improve security without Mexican...
Persistent link: https://www.econbiz.de/10005556661
Agriculture accounts for USD 547 billion (approximately) of international trade, which means 9.1% of world merchandise … trade and it constitutes 40.9% of world exports in primary products.In the coming decades the agricultural sector faces many … factor that could affect food production and availability in many parts of the world, particularly those most prone to …
Persistent link: https://www.econbiz.de/10005119347
The long-horizon approach of Fisher and Seater (1993) is applied to the data developed by Taylor (2002) to test for purchasing power parity (PPP). Even after accounting for the low power of the test, the evidence is generally supportive of PPP.
Persistent link: https://www.econbiz.de/10005125520
Menu prices from 13 international restaurant franchises that operate in both El Paso, Texas and Ciudad Juarez, Mexico are utilized to examine the behavior over time of the peso/dollar exchange rate. Parametric and non-parametric tests indicate that the price ratio alone provides a biased...
Persistent link: https://www.econbiz.de/10005125548
goods and assets markets from rest of the world …
Persistent link: https://www.econbiz.de/10005408178
This paper tests for mean-reversion in real exchange rates for India during the recent (managed) float period yield evidence of mean- reversion in the real exchange rate series constructed with the consumer price index as deflator as well as for a series constructed using the ratio of wholesale...
Persistent link: https://www.econbiz.de/10005408185
This study proposes an alternative procedure for modelling exchange rates behaviour, which is a linear combination of a long-run function and a short-run function. Our procedure involves modelling of the long- run relationship and this is followed by the short-run function. Among all the...
Persistent link: https://www.econbiz.de/10005408205
Persistent link: https://www.econbiz.de/10005119230