Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/65779
Authors: 
Arghyrou, Michael G.
Gregoriou, Andros
Pourpourides, Panayiotis M.
Year of Publication: 
2009
Series/Report no.: 
Cardiff Economics Working Papers E2009/23
Abstract: 
Arghyrou, Gregoriou and Pourpourides (2009) argue that exchange rate uncertainty causes deviations from the law of one price. We test this hypothesis on aggregate data from the G7-area. We find that exchange rate uncertainty explains to a significant degree deviations from Purchasing Power Parity.
Subjects: 
purchasing power parity
exchange rate uncertainty
JEL: 
F31
F41
Document Type: 
Working Paper

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