International Finance Discussion Papers: Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies by John H. Rogers, Charles M. Engel

International Finance Discussion Papers: Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies

John H. Rogers, Charles M. Engel

52 pages missing pub info (editions)

nonfiction politics
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We find evidence that the law of one price (LOOP) holds more nearly for country pairs that are within geographic regions than for country pairs that are not. These findings are established using consumer price data from 23 countries (including dat...

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