Long-Run Purchasing Power Parity and the Dollar-Sterling Exchange Rate in the 1920's /

This paper replies to Ahking's (1990) re-examination of Taylor and McMahon's (1988) analysis of long-run purchasing power parity in the 1920s. We demonstrate that Ahking's conclusions are only partially correct and reestablish our conclusion that, a form of long-run purchasing-power p...

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Κύριος συγγραφέας: Taylor, Mark
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 1990.
Σειρά:IMF Working Papers; Working Paper ; No. 1990/118
Θέματα:
Διαθέσιμο Online:Full text available on IMF
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245 1 0 |a Long-Run Purchasing Power Parity and the Dollar-Sterling Exchange Rate in the 1920's /  |c Mark Taylor. 
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper replies to Ahking's (1990) re-examination of Taylor and McMahon's (1988) analysis of long-run purchasing power parity in the 1920s. We demonstrate that Ahking's conclusions are only partially correct and reestablish our conclusion that, a form of long-run purchasing-power parity did in fact hold for dollar-sterling during this period. The new results are also employed to gauge the degree of overvaluation of sterling relative to the imposed prewar parity of USD 4.86 upon its return to gold and for 12 months afterwards. 
538 |a Mode of access: Internet 
651 7 |a United Kingdom  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1990/118 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1990/118/001.1990.issue-118-en.xml  |z IMF e-Library