Conquering fear of floating : Australia's successful adaptation to a flexible exchange rate

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090 ⊔ ⊔ ‡aHG3881.5.I58 ‡bI475 no.2007/2
100 1 ⊔ ‡aBeaumont, Craig.
245 1 0 ‡aConquering fear of floating : ‡bAustralia's successful adaptation to a flexible exchange rate / ‡cprepared by Craig Beaumont and Li Cui.
260 ⊔ ⊔ ‡a[Washington, D.C.] : ‡bInternational Monetary Fund, Asia and Pacific Dept., ‡cc2007.
300 ⊔ ⊔ ‡a24 p. : ‡bill. ; ‡c28 cm.
490 ⊔ 0 ‡aIMF policy discussion paper ; ‡vPDP/07/2
500 ⊔ ⊔ ‡a"July 2007."
504 ⊔ ⊔ ‡aIncludes bibliographical references (p. 23-24).
520 ⊔ ⊔ ‡aAustralia 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.
530 ⊔ ⊔ ‡aAlso available on the World Wide Web.
538 ⊔ ⊔ ‡aMode of access: Internet.
650 ⊔ 0 ‡aFiscal policy ‡zAustralia.
650 ⊔ 0 ‡aMonetary policy ‡zAustralia.
650 ⊔ 0 ‡aForeign exchange rates ‡zAustralia.
651 ⊔ 0 ‡aAustralia ‡xEconomic policy.
651 ⊔ 0 ‡aAustralia ‡xEconomic conditions ‡y1945-
700 1 ⊔ ‡aCui, Li.
710 2 ⊔ ‡aInternational Monetary Fund. ‡bAsia and Pacific Dept.
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