Search: floating exchange rate
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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The Relationship between Financial Indicators and Economic Activity: Some Further Evidence
19 Nov 2012
RDP
PDF
1506KB
In an open economy, a floating exchange rate means that changes in monetary policy can affect output of the tradeable goods sector, through the link between interest rates and the exchange ... Sarlo (1979) found that, for Canada, the question of whether
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8903.pdf
China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
The dual exchange rates were unified following the 1994 devaluation, and a crawling peg exchange rate regime began to serve as a nominal anchor for monetary policy. ... At the time of the 2.1 per cent revaluation in July 2005, the PBC announced the
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
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The Effect of Steady Inflation on Interest Rates and the Real Exchange Rate in a World with Free Capital Flows
18 Apr 2007
RDP
PDF
383KB
THE EFFECT OF STEADY INFLATION ON INTEREST RATES AND THE REAL EXCHANGE RATE. ... The model provides a simple description of a small open economy in a world of floating exchange rates and perfect capital mobility.
https://www.rba.gov.au/publications/rdp/1991/pdf/rdp9101.pdf
Macroeconomic Volatility and Terms of Trade Shocks
15 Oct 2009
RDP
PDF
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
The Exchange Rate and the International Cycle
1 Dec 1992
RDP
9212
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. ... manufactured-export sector has performed well, despite some sharp
https://www.rba.gov.au/publications/rdp/1992/9212/exchange-rate-and-the-international-cycle.html
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The Model
22 Nov 2016
RDP
2016-07
Each market could represent a particular product: one market might represent 10-year Australian dollar-denominated fixed-for-floating interest rate swaps; another, 1-year Japanese yen-denominated overnight index swaps; ... β. 0.9975. Discount rate. σ. A
https://www.rba.gov.au/publications/rdp/2016/2016-07/model.html
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Introduction
31 Dec 2015
RDP
2015-12
2013). 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 ... In part, this variation reflects well-documented
https://www.rba.gov.au/publications/rdp/2015/2015-12/introduction.html
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Results
1 Jan 1992
RDP
9201
Macfarlane and Tease (1989) argue that for some of the floating period the relationship between the exchange rate and interest rates was dominated by a policy reaction function from the exchange ... Unlike the decompositions for the real exchange rates,
https://www.rba.gov.au/publications/rdp/1992/9201/results.html
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Modelling the Australian Dollar
1 Oct 2015
RDP
PDF
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
Financial Stability Review October 2018
6 Feb 2020
FSR
October 2018
PDF
2096KB
https://www.rba.gov.au/publications/fsr/2018/oct/pdf/financial-stability-review-2018-10.pdf