Introduction - Purchasing Power Parity PPP Theory
The first original reference of PPP Theory was made by David Ricardo. However, Gustav Cassel popularized this theory in 1918. According to PPP theory, when exchange rates are of a fluctuating nature, the rate of exchange between two currencies in the long run will be fixed by their respective purchasing powers in their own nations.
Foreign
Wednesday, 8 September 2010
Purchasing Power Parity PPP Theory - Gustav Cassel
Posted on 14:57 by Unknown
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