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By Benn Steil
The “law of one price” holds that identical goods should trade for the same price in an efficient market. But to what extent does it actually hold internationally?…
By Benn Steil, Emma Smith
The Economist came out with their annual index of McDonald’s Big Mac, priced in different currencies. The index is a light-hearted measurement of “whether currencies are at their ‘correct’ level.”…
By Kristen Doerer
Everyone knows prices in the U.S. vary regionally, just like certain products are cheaper in China, say, or far cheaper in the Ukraine. But that hardly demonstrates that the renminbi or hyrvnia currencies are overvalued, Paul Solman says, noting that…
By Paul Solman
By PBS NewsHour
Leaders of the industrial world met in Florida earlier this year to discuss international finances and exchange rates. Paul Solman reports from New York on the effects of the fall of the U.S. dollar against other currencies, the biggest currency…
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