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Price Level Variations as Predictors of Flexible Exchange Rates

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Abstract

The aim of this study is to investigate the relationship between relative price levels and exchange rates with the view of establishing the validity of the purchasing power parity theory. Included in the paper is a discussion of the interpretation of such analyses in an efficient market context.

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Authors and Affiliations

  1. Dartmouth College,

    Richard J. Rogalski

  2. University of Pennsylvania,

    Joseph D. Vinso

Authors
  1. Richard J. Rogalski
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  2. Joseph D. Vinso
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*Richard J. Rogalski is Assistant Professor of Finance, the Amos Tuck School of Business Administration, Dartmouth College, where he is conducting research in capital theory under uncertainty. Joseph D. Vinso is Assistant Professor of Finance, The Wharton School, University of Pennsylvania. His research interests involve corporate financial management.

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Rogalski, R., Vinso, J. Price Level Variations as Predictors of Flexible Exchange Rates. J Int Bus Stud 8, 71–82 (1977). https://doi.org/10.1057/palgrave.jibs.8490680

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  • DOI: https://doi.org/10.1057/palgrave.jibs.8490680

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