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Price Level Variations as Predictors of Flexible Exchange Rates

Richard J Rogalski and Joseph D Vinso
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Richard J Rogalski: Dartmouth College
Joseph D Vinso: University of Pennsylvania

Journal of International Business Studies, 1977, vol. 8, issue 1, 82 pages

Abstract: The aim of this study is to investigate the relationship between relative price levels and exchange rates with the view of establishing the validity of the purchasing power parity theory. Included in the paper is a discussion of the interpretation of such analyses in an efficient market context.© 1977 JIBS. Journal of International Business Studies (1977) 8, 71–82

Date: 1977
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