Conquering fear of floating--Australia's successful adaptation to a flexible exchange rate
By: Craig Beaumont and Li Cui.
Contributors: Cui, Li.; International Monetary Fund.
Series: IMF policy discussion paper -- PDP/07/2
Publisher: International Monetary Fund
Published: 2007
Place of publication: [Washington, D.C.]
Language: eng
Format: Electronic resource
Description: 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.
Notes: Title from PDF file (viewed on Oct. 10, 2008).

"July 2007."

"Asia and Pacific Department."

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.