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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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
3 Jan 2023
RDP
2022-09
The estimation sample begins in the March quarter 1984 (following the floating of Australia's exchange rate in December 1983) and ends in the December quarter 2019 (before the onset of ... Note that the responses of output and the exchange rate are left
https://www.rba.gov.au/publications/rdp/2022/2022-09/full.html
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A History of Australian Equities
31 Jul 2019
RDP
PDF
1467KB
exchanges. Around this time, companies on the Sydney Stock Exchange had an aggregate market capitalisation. ... Exchange) increased at an annual rate of 30 per cent between 1955 and 1975, and its market.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-04.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 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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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
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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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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Risk Premia, Market Efficiency and the Exchange Rate: Some Evidence since the Float
19 Nov 2012
RDP
PDF
661KB
exchange rate system. The introduction of a floating exchange rate system in 2. ... floating exchange rates. This paper extends previous Australian studies. three areas.
https://www.rba.gov.au/publications/rdp/1986/pdf/rdp8603.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
PDF
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
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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