Purchasing power parity in the presence of foreign exchange black markets: the case of India

1997 ◽  
Vol 29 (9) ◽  
pp. 1147-1154 ◽  
Author(s):  
Hamid Baghestani
1981 ◽  
Vol 41 (3) ◽  
pp. 629-650 ◽  
Author(s):  
Lawrence H. Officer

Some leading modern theories of exchange-rate determination are pitted against each other in explaining fundamental movements of the freely floating U.S. dollar in the foreign-exchange market during the greenback period, 1862–1878. A purchasing-power-parity theory augmented to incorporate interest-rate, and possibly income, effects provides the best explanation of the exchange rate. The standard works on the greenback period are subject to some amendments in light of the study.


1985 ◽  
Vol 14 (3) ◽  
pp. 40 ◽  
Author(s):  
Peter Koveos ◽  
Bruce Seifert

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