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PURCHASING-POWER-PARITY EXCHANGE RATE [1 record]

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Record 1 1992-05-12

English

Subject field(s)
  • Currency and Foreign Exchange
CONT

[A paper by Jeroen Kremers and Timothy Lane published in the December 1990 issue of Staff Papers] constructs ERM [exchange rate mechanism] aggregates for money and income by adding up the corresponding national data at purchasing-power-parity exchange rates, selecting the Organization for Economic Cooperation and Development's (OECD's) estimates of the relative purchasing powers of different currencies in a benchmark year, 1985.

French

Domaine(s)
  • Politique monétaire et marché des changes

Spanish

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