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Purchasing Power Parity and Black-Market Exchange Rates


  • Culbertson, William Patton, Jr


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Suggested Citation

  • Culbertson, William Patton, Jr, 1975. "Purchasing Power Parity and Black-Market Exchange Rates," Economic Inquiry, Western Economic Association International, vol. 13(2), pages 287-296, June.
  • Handle: RePEc:oup:ecinqu:v:13:y:1975:i:2:p:287-96

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    References listed on IDEAS

    1. Sargent, Thomas J, 1976. "A Classical Macroeconometric Model for the United States," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 207-237, April.
    2. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    3. Sims, Christopher A, 1972. "Money, Income, and Causality," American Economic Review, American Economic Association, vol. 62(4), pages 540-552, September.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Goswami, Gour Gobinda & Hossain, Mohammad Zariab, 2013. "Testing Black Market vs. Official PPP: A Pooled Mean Group Estimation Approach," MPRA Paper 63452, University Library of Munich, Germany.
    2. Mohsen Bahmani-Oskooee & Gour G. Goswami, 2005. "Black Market Exchange Rates and Purchasing Power Parity in Emerging Economies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 41(3), pages 37-52, May.
    3. Hee, Michael, 1990. "Conversion factors : a discussion of alternate rates and corresponding weights," Policy Research Working Paper Series 479, The World Bank.
    4. Mohsen Bahmani-Oskooee & Gour G. Goswami, 2005. "Black Market Exchange Rates and Purchasing Power Parity in Emerging Economies," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 41(3), pages 37-52, May.
    5. Yochanan Shachmurove, "undated". ""The Premium in Black Dollar Markets''," CARESS Working Papres 97-03, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
    6. Sanjeev Gupta, 1980. "An application of the monetary approach to black market exchange rates," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(2), pages 235-252, June.
    7. Lopez-Calix, Jose R., 1998. "Are Pick data on parallel exchange rates misleading?," Economics Letters, Elsevier, vol. 59(2), pages 223-230, May.
    8. repec:arp:ijefrr:2017:p:76-90 is not listed on IDEAS
    9. Diamandis, Panayiotis F. & Kouretas, Georgios P. & Zarangas, Leonidas, 2007. "Dual foreign currency markets and the role of expectations: Evidence from the Pacific Basin countries," Research in International Business and Finance, Elsevier, vol. 21(2), pages 238-259, June.
    10. Bahmani-Oskooee, Mohsen & Tankui, Altin, 2008. "The black market exchange rate vs. the official rate in testing PPP: Which rate fosters the adjustment process?," Economics Letters, Elsevier, vol. 99(1), pages 40-43, April.
    11. Shachmurove, Yochanan, 1999. "The Premium in Black Foreign Exchange Markets: Evidence from Developing Economies," Journal of Policy Modeling, Elsevier, vol. 21(1), pages 1-39, January.
    12. Speight, Alan E. H. & McMillan, David G., 2001. "Volatility spillovers in East European black-market exchange rates," Journal of International Money and Finance, Elsevier, vol. 20(3), pages 367-378, June.

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