{"title":"三角购买力平价","authors":"Peijie Wang, Fangya Xu","doi":"10.2139/ssrn.2352018","DOIUrl":null,"url":null,"abstract":"We propose a triangular PPP analytical framework in this paper, which is theoretically justified and empirically validated. The peg of the RMB to the US dollar causes a triangular PPP effect that the dollar euro exchange rate is not a function of the relative prices in the US and Euroland; instead, it becomes a function of the relative prices in PRC and Euroland. The results are supportive of triangular PPP for the dollar euro exchange rate in a three-economy world of the US, Euroland and PRC.","PeriodicalId":381709,"journal":{"name":"ERN: International Finance (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2013-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Triangular PPP\",\"authors\":\"Peijie Wang, Fangya Xu\",\"doi\":\"10.2139/ssrn.2352018\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We propose a triangular PPP analytical framework in this paper, which is theoretically justified and empirically validated. The peg of the RMB to the US dollar causes a triangular PPP effect that the dollar euro exchange rate is not a function of the relative prices in the US and Euroland; instead, it becomes a function of the relative prices in PRC and Euroland. The results are supportive of triangular PPP for the dollar euro exchange rate in a three-economy world of the US, Euroland and PRC.\",\"PeriodicalId\":381709,\"journal\":{\"name\":\"ERN: International Finance (Topic)\",\"volume\":\"1 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2013-11-08\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: International Finance (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2352018\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: International Finance (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2352018","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
We propose a triangular PPP analytical framework in this paper, which is theoretically justified and empirically validated. The peg of the RMB to the US dollar causes a triangular PPP effect that the dollar euro exchange rate is not a function of the relative prices in the US and Euroland; instead, it becomes a function of the relative prices in PRC and Euroland. The results are supportive of triangular PPP for the dollar euro exchange rate in a three-economy world of the US, Euroland and PRC.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
