Purpose – The purpose of this paper is to focus on whether the deviations from the cointegrating relationship possess long memory and the fractional cointegration analyses may capture a wider range of mean-reversion behaviour than standard cointegration analyses. Design/methodology/approach...

В статье анализируется развитие современного международного рынка терциарного образования, который определяется автором как высококонцентрированный и...

This study investigates how the Asian Monetary Unit (AMU) deviation indicators for surveillance of East Asian currencies are improved by changing their benchmark rates from the constant 2000–2001 rates to time-varying ones based on purchasing power parities (PPPs). Consumer price indexes...

Three open economy puzzles are, first, the price level of an advanced economy (AE) is higher compared to that of an emerging or developing economy (EDE) measured in the same currency. But, second, inflation tends to be much higher in EDEs. Third, there is a persistent deviation of real exchange...

Purpose The purpose of this paper is to examine the validity of the purchasing power parity (PPP) hypothesis for two Southern African countries, namely: Lesotho and Zambia. Design/methodology/approach The authors utilized four econometric tests to examine the existence of the PPP hypothesis in...