Definition:
PPP stands for purchasing power parity, a criterion for an appropriate exchange
rate between currencies. It is a rate such that a representative basket
of goods in country A costs the same as in country B if the currencies are
exchanged at that rate.
Actual exchange rates vary from the PPP levels for various reasons, such as the demand for imports or investments between countries.
Terms related to PPP:
None
About.Com Resources on PPP:
None
Writing a Term Paper? Here are a few starting points for research on PPP:
Books on PPP:
None
Journal Articles on PPP:
None

