The study examines whether the long-run validity of PPP holds in some major advanced and developing economies. The study employed the smooth time-varying cointegration (TVC) and time-varying detrended fluctuation analysis (DFA) methodology, and we are not aware of any study that has applied TVC...

This paper provides robust evidence of global liquidity on global commodity prices in some major developing and developed economies. Specifically, we investigate the global liquidity and global commodity prices for six majors developing and emerging economies; Brazil, Russia, India, China, South...