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Unit 2: Making cross-national comparisons using macro data >> 2.4 Using money as a measure to make cross national comparisons
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This section summarises the advantages and disadvantages of using money measures of economic and social activity to make cross national comparisons at the monetary level.

It discusses market exchange rates both from the perspective of converting series into a common base currency and as comparative data themselves. It considers the use of exchange rates to create indexes such as weighted exchange rates and purchasing power parity rates that can be used as more accurate bases for comparison of money data across different locations. It indicates where exchange rate data can be found in the UK Data Service international macro databanks.

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The University of Manchester; Mimas; ESRC; RDI

Countries and Citizens: Unit 2 Making cross-national comparisons using macro data by Dave Fysh, University of Portsmouth is licensed under a Creative Commons Attribution-Non-Commercial-Share Alike 2.0 UK: England & Wales Licence.