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RBA Glossary definition for floating exchange rate
floating exchange rate – Exchange rates determined by market forces based on the demand for and supply of a currency.
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Macroeconomic Volatility and Terms of Trade Shocks
15 Oct 2009
RDP
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268KB
lower in economies with floating exchange rates than in economies with fixed exchange rate regimes.15 Indeed, given that the non-interacted floating exchange rate coefficient is positive and significant in ... lower in economies with floating exchange
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-05.pdf
Modelling the Australian Dollar
1 Oct 2015
RDP
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1421KB
In particular, the floating exchange rate has played a crucial role in buffering the Australian economy from external shocks, in part by allowing the Reserve Bank of Australia (RBA) to better ... Chen, Rogoff and Rossi 2010). While BEER models of major
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-12.pdf
Changes in the Characteristics of the Australian Business Cycle: Some Lessons for Monetary Policy from the 1980s and Early 1990s
31 Jan 2006
RDP
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758KB
A floating exchange rate helps to insulate the domestic economy from the world commodity price cycle, facilitating the task of monetary policy in achieving low and stable inflation. ... Any assessment of Australia's experience with the conduct of
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9212.pdf
TRA2SMISSION OF EIERAL SH0CIS IN THE RBIX MODEL Malcolm ...
20 Oct 2014
RDP
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752KB
floating exchange rate, the variable defined by (17) is controllable, and can. ... Taken in. conjunction with the floating exchange rate, as introduced in the 1984.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8710.pdf
The Expectations Theory of the Term Structure and Short-Term Interest Rates in Australia
19 Nov 2012
RDP
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664KB
3. and floating exchange rate regimes. Because of this, inferences can be drawn. ... exchange rates while the second encompassed the floating exchange rate. period.
https://www.rba.gov.au/publications/rdp/1986/pdf/rdp8607.pdf
Are Terms of Trade Rises Inflationary?
1 Dec 2009
RDP
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330KB
But with a floating exchange rate, this real appreciation occurs via nominal appreciation. ... However, a floating exchange rate also introduces a role for the price of importables.
https://www.rba.gov.au/publications/rdp/1995/pdf/rdp9508.pdf
Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations
1 Dec 2009
RDP
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170KB
interest rates are above domestic rates, thecurrent value of the exchange rate must be below its equilibrium value. ... 5. exchange rate misalignments. Furthermore, the calculation of equilibrium realexchange rates as a basis for policy depends on an
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9608.pdf
Do Interest Rates Affect Business Investment? Evidence from Australian Company-level Data
27 Apr 2018
RDP
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1257KB
on the borrowing, as well as on the fixed- and floating-rate legs of their swaps. ... have outstanding floating-rate debt receive higher cash flows when rates fall, which could.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-05.pdf
The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data
5 May 2005
RDP
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158KB
This would contaminate the measured response of theexchange rate. Further, these four countries have highly liquid financial markets,freely floating exchange rates and similar monetary policy regimes. ... A related literature has attempted toconsider the
https://www.rba.gov.au/publications/rdp/2005/pdf/rdp2005-02.pdf
International Interest Rate Linkages and Monetary Policy: The Case of Australia
19 Nov 2012
RDP
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1014KB
floating exchange rate regime. The final section examines the transmission process of monetary. ... more similar to the textbook fixed exchange rate regime. than to a floating exchange rate regime.
https://www.rba.gov.au/publications/rdp/1988/pdf/rdp8812.pdf