Our special report on the world of prices wouldn't be complete without asking, and trying to answer, a big, and surprisingly complex, question: How do pricey countries get that way? Zenaide Muneton is ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What do the Lao kip, Haitian gourde and Uzbekistani som have in common? According to one theory, at least, they ...

Abstract: There is surprisingly little empirical research on whether Balassa-Samuelson effects can explain the long-run behavior of real exchange rates in developing countries. This paper presents new ...

Simply sign up to the Currencies myFT Digest -- delivered directly to your inbox. Foreign exchange has won broad acceptance as a legitimate asset class in recent years, despite the fact it is a zero ...

Drawing a scatter diagram between differences in service prices and productivity among Japanese regions reveals a positive correlation. Additionally, all students of international economics know of ...

This paper investigates how the Asian Monetary Unit (AMU) Deviation Indicators for surveillance measurements among East Asian currencies are improved by changing their benchmark rates from the ...

Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the "Balassa-Samuelson" effect. But ...