Currency Valuation and Purchasing Power Parity

Jamal Haidar (haidar.jamali@gmail.com)

World Economics, 2011, vol. 12, issue 3, 1-12

Abstract: 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 markets are structurally different from the benchmark currency countries.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:479

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