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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China's Financial System Reforms
31 Dec 2014
RDP
2014-10
Moves to increase the flexibility of interest rates occurred alongside changes to exchange rate policy. ... is similar to most countries with floating exchange rates.
https://www.rba.gov.au/publications/rdp/2014/2014-10/chi-fin-sys-reforms.html
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Real Exchange Rates and the Globalisation of Financial Markets
31 Jan 2006
RDP
PDF
669KB
to 1990Q4 -- wholly within the floating exchange rate era. ... These variables are shown to be cointegrated during tile floating exchange rate period in three out of the four cases examined.
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9203.pdf
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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Trade Invoicing Currency and First-stage Exchange Rate Pass-through
21 Jun 2016
RDP
PDF
1136KB
Research Discussion Paper. Trade Invoicing Currency and First-stage Exchange Rate Pass-through. ... stabilisation role of floating exchange rates. Standard models featuring price stickiness and.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-05.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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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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Australia’s Real Exchange Rate – Is it Explained by the Terms of Trade or by Real Interest Differentials?
30 Nov 2009
RDP
PDF
530KB
These graphs provide some evidence that in the most recent period, relatively high Australian real interest rates have tended to keep the real exchange rate high. ... c) Series Used in Estimations. Quarterly Series:. RER log of Australia's real exchange
https://www.rba.gov.au/publications/rdp/1991/pdf/rdp9108.pdf
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
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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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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