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Purchasing Power Parities and their Policy Relevance

In: Purchasing Power Parities of Currencies

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  • Michael Ward

Abstract

This up-to-date book demonstrates how the purchasing power parities (PPPs) of currencies are being increasingly used in place of exchange rates for a variety of purposes. These include: comparisons of real income, measurements of global inequality and poverty, calculation of the human development index and assessment of nations economic performance.

Suggested Citation

  • Michael Ward, 2009. "Purchasing Power Parities and their Policy Relevance," Chapters, in: D. S.P. Rao (ed.), Purchasing Power Parities of Currencies, chapter 12, pages 301-333, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3725_12
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    Keywords

    Development Studies; Economics and Finance;

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