Moreover, sharp reversals in market sentiment can put intense pressure on currency parities and shut off a country's access to financial markets. |
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Some countries, particularly Asian ones, have no interest in the parities of major currencies being modified. |
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The comparative price levels are measured as the ratio between the purchasing power parities and the market exchange rates for each country. |
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Aten uses the term spatial price indexes to label these estimates, which can be seen as the regional equivalent of purchasing power parities for consumption. |
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