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Anglický jazyk
Purchasing Power Parity
Autor: Lambert M. Surhone
High Quality Content by WIKIPEDIA articles! The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. Developed by Gustav Cassel in 1918, it is based on the law of one price:... Viac o knihe
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O knihe
High Quality Content by WIKIPEDIA articles! The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. Developed by Gustav Cassel in 1918, it is based on the law of one price: the theory states that, in ideally efficient markets, identical goods should have only one price. This purchasing power SEM rate equalizes the purchasing power of different currencies in their home countries for a given basket of goods.. Using a PPP basis is arguably more useful when comparing differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of different countries, rather than just a nominal gross domestic product (GDP) comparison. The best-known and most-used purchasing power parity exchange rate is the Geary-Khamis dollar (the 'international dollar').
- Vydavateľstvo: OmniScriptum
- Rok vydania: 2026
- Formát: Paperback
- Rozmer: 220 x 150 mm
- Jazyk: Anglický jazyk
- ISBN: 9786130326050
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