PPP

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PPP

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Purchasing Power Parity

The theory stating that, in an efficient market, the exchange rate of two currencies results in equal purchasing power. That is, if one pound is worth two dollars, one pound in England should buy the same amount in goods and services that two dollars can buy in the United States. Fixed exchange rates, taxes, and other inefficiencies are thought to disrupt purchasing power parity. Some theorists believe the idea holds most true when comparing countries or regions with similar standards of living.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
'They should release the amounts received from the Treasury to the PAPs without undue delay as they have no justification to withhold payment,' the court document reads.
Moreover, psychological assessments, the PAP said, were 'often conducted for a specific purpose, and should only be used for that purpose.'
Autoimmune and secondary PAP are the two acquired forms of PAP affecting adults.
The subsidiaries of the Eugene-based Pap Group sell or lease equipment for construction, forestry, mining, trucking and other industries.
Ryholt schlagt neue Lesungen fur die demotischen Pap. Berlin P.
Generally, sexually-active vagina owners should get a Pap every one to two years.
Mandating more generous insurance coverage for even inexpensive, routine services with already high utilization rates such as Pap tests can significantly further increase utilization.
These surveys have documented the widespread implementation of the first 2 versions of The Bethesda System for Reporting Cervical Cytology, reporting rates for various cervical Pap test interpretive categories and important benchmarking data for quality assurance.
Leonila Dans of Clinical Epidemiology in University of the Philippines-College of Medicine, the latest study revealed that both "pap smear plus HPV vaccine" and "pap smear alone" has same effect to women.
Prosperous Armenia Party (PAP) was and still remains a megaphone of the second president of Armenia Robert