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Authors: Adrian R. Bell, Chris Brooks and Tony K Moore
This paper employs a unique, hand-collected dataset of exchange rates for five major¬†currencies (the lira of Barcelona, the pound sterling of England, the pond groot of¬†Flanders, the florin of Florence and the livre tournois of France) to consider whether the¬†law of one price and purchasing power parity held in Europe during the late fourteenth¬†and early fifteenth centuries. Using single seriesContinue reading