The theory of relative purchasing power parity states that in comparison to a period when exchange rates

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The theory of relative purchasing power parity states that in comparison to a period when exchange rates between two countries are in equilibrium, changes in differential rates of inflation between the countries will be offset by equal but opposite changes in the future spot currency rate.L012

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Contemporary Financial Management

ISBN: 9780538479165

12th Edition

Authors: R Charles Moyer

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