Currency Valuation and Purchasing Power Parity

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Jamal Ibrahim Haidar;
(2011)
  • Journal: World Economics Journal,volume 12,issue 3 July,pages1-12

This paper aims to highlight key limitations of The Economist magazine’s Big Mac Index (BMI). The Economist markets the BMI as a tool to determine valuation of currencies. This paper shows that the BMI is a misleading measure of currency valuation for economies whose ... View more
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