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Venus Khim-Sen Liew and Tuck Cheong Tang
''An empirical investigation of purchasing power parity for a transition economy - Cambodia''
( 2010, Vol. 30 No.2 )
This study has found an empirical support of Purchasing Power Parity (PPP) theory for an East Asia transition economy – Cambodia. It is based on the results of cointegration among KHR/USD, Cambodia CPI, and world CPI over the monthly period May 2001-February 2009. This finding is useful for policy implications i.e. de-dollarization (and exchange rates) policy designs in Cambodia.
Keywords: Cambodia; Dollarization; Exchange Rates; Purchasing Power Parity
JEL: F3 - International Finance: General
F4 - Macroeconomic Aspects of International Trade and Finance: General
Manuscript Received : Sep 17 2009 Manuscript Accepted : Apr 21 2010

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