The Collapse of Purchasing Power Parities during the 1970s

Jacob A. Frenkel, International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics (Elsevier Science Publishers B.V., 1991), chap. 6, https://www.nber.org/books-and-chapters/international-volatility-and-economic-growth-first-ten-years-international-seminar-macroeconomics/collapse-purchasing-power-parities-during-1970s.