Conquering fear of floating :
Australia's successful adaptation to a flexible exchange rate /
prepared by Craig Beaumont and Li Cui.

Description

Main Author

Beaumont, Craig.

Related Names

Cui, Li.
International Monetary Fund. Asia and Pacific Dept.

Language(s)

English

Published

[Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., c2007.

Subjects

Fiscal policy > Fiscal policy / Australia.
Monetary policy > Monetary policy / Australia.
Foreign exchange rates > Foreign exchange rates / Australia.
Australia > Australia / Economic policy.
Australia > Australia / Economic conditions > Australia / Economic conditions / 1945-

Summary

Australia has enjoyed fifteen years of uninterrupted economic expansion since 1992 despite shocks such as the Asian crisis in 1997-98 and the information technology bust in 2000-01. This resilient economic performance owes much to wide-ranging structural reforms and the improved frameworks for monetary and fiscal policies that were implemented after the Australian dollar was floated in 1983. In addition to gaining the expected macroeconomic benefits from exchange rate flexibility, the float appeared to help motivate and facilitate the subsequent reforms. Australia's experience with adapting to a floating currency may therefore be of broader interest.

Note

"July 2007."
Also available on the World Wide Web.

Physical Description

24 p. : ill. ; 28 cm.

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