Tag: theorem

Prop 13 Essay Example

Prop 13 Essay Example

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The Purchasing Power Parity Theorem and the collapse of the Thai baht: The Purchasing Power Parity theory is that exchange rates should tend to equalize relative price levels in different countries so that the real exchange rate remains constant over time. As per this theory, the devaluation of the baht was a logical fallout of the Thai economy shifting from export-heavy to import-heavy. However, the Thai case was influenced by several factors beyond the logic of the purchasing power parity theorem: depletion of foreign exchange reserves by the government purchasing its own currency in an effort to prop up the exchange rate; raising of interest rates to make holding the baht more attractive; a high debt-equity ratio among Thai corporates which was further aggravated with the devaluation of the baht; and the degree of non-performing assets with financial institutions.

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Pythagorean Triples Essay

Pythagorean Triples Essay

The Pythagorean principles and teaching came from the great mathematician Pythagoras. The Pythagorean triplets is the a special set of numbers which satisfies the Pythagorean theorem. It is because all three of the these numbers all whole numbers.

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