Ho, Catherine S.F.; Ariff, M. - In: Global Finance Journal 23 (2012) 2, pp. 94-107
This paper reports different times-to-equilibrium for G-10 developed economies and the Eastern European emerging economies. By applying a novel method of value-weighted index to highly-trade-linked economies, we test the purchasing power parity to the full length of time-to-equilibrium. The...