This chapter discusses the law of one price (LOP), the basic building block of purchasing
power parity (PPP). It mainly focuses on internationally tradable goods and services, rather …

Studies investigating the effect of trade liberalization policies on transaction costs in
agricultural markets are scarce. The objective of our paper is to determine whether Brazil …

A vast body of empirical research documents the linkage between nominal exchange rates
and relative prices across countries. While excellent surveys exist in the academic literature …

Purchasing Power Parity (hereafter, PPP) means the purchasing power of two currencies is
the same when one is converted into the other one. According to previous studies on PPP …

Abstract Purchasing Power Parity (hereafter, PPP) means the purchasing power of two
currencies is the same when one is converted into the other one. According to previous …

December 2008: IMF research summaries on global herding in financial markets (by Marco
Cipriani) and on fiscal decentralization (by Lusine Lusinyan); article on the experiences of …

After the Second World War, the United States of America became the financial center of the
West. Most of the international agreements after the war, such as the Bretton Woods or the …

Since, in the NAFTA era, the Mexican economy is much more advanced in the
manufacturing sector than those of other Latin American countries, Mexico competes directly …

Since 1994, the Mexican peso/US dollar monthly real exchange rate conforms to the
Purchasing Power Parity Theory. Evidently, Mexico has opened its economy and moved …

Este trabajo tiene como objetivo analizar la relación del tipo de cambio peso dólar
estadounidense en las operaciones de comercio exterior de México, y su efecto en las …