Multivariate cointegration analysis and the long-run validity of PPP
Article Abstract:
An analysis of the long-term validity of purchasing power parity (PPP) is presented. The analysis evaluates the validity of the PPP by applying multivariate cointegration methodology on exchange rates and foreign exchange market price levels. It is shown that the PPP held for European Pound, Lira, Norwegian Krone, Schilling, Escudo and Peseta. The tests invalidated PPP for the US and Canadian Dollar, the Belgian Franc and the Danish Krone.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1993
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Don't forget your assignment
Article Abstract:
Assignment of claims can protect realtors and his clients from future liabilities for damages incurred by inferior workmanship on buildings. In the Keru Investments Inc v Cube Co case, the appeals court found in favor of Cube Co because there was no evidence that an actual assignment was made.
Publication Name: Realtor Magazine
Subject: Real estate industry
ISSN: 1522-0842
Year: 1999
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Home-tek prepares for huge expansion
Article Abstract:
Expansion plans of Home-Tek in the United Kingdom are discussed.
Publication Name: ERMagazine
Subject: Electronics and electrical industries
ISSN: 0074-8714
Year: 2004
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