The Big Mac Index

Applications of Purchasing Power Parity

Authors: Ong, L.

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About this book

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'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.

About the authors

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.

Reviews

'The survey chapters, articles, and references will be valuable to anyone interested in purchasing powe parity.' - E. Kacapyr, Choice


Table of contents (6 chapters)

Table of contents (6 chapters)

Buy this book

eBook n/a
  • ISBN 978-0-230-51241-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
Hardcover n/a
  • ISBN 978-1-4039-0310-5
  • Free shipping for individuals worldwide
Softcover n/a
  • ISBN 978-1-349-50855-6
  • Free shipping for individuals worldwide

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Bibliographic Information

Bibliographic Information
Book Title
The Big Mac Index
Book Subtitle
Applications of Purchasing Power Parity
Authors
Copyright
2003
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-0-230-51241-2
DOI
10.1057/9780230512412
Hardcover ISBN
978-1-4039-0310-5
Softcover ISBN
978-1-349-50855-6
Edition Number
1
Number of Pages
XVI, 126
Topics