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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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Effective Real Exchange Rates and Irrelevant Nominal Exchange-rate Regimes
1 Oct 1998
RDP
9811
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1998/9811.html
Introduction
1 Oct 1998
RDP
9811
RDP 9811: Effective Real Exchange Rates and Irrelevant Nominal Exchange-Rate Regimes 1. ... parities or realignments), while under floating exchange-rate regimes, the RER and the nominal exchange rate should show a high degree of correlation.
https://www.rba.gov.au/publications/rdp/1998/1998-11/introduction.html
Concluding Remarks
1 Oct 1998
RDP
9811
We presented results for a set of industrialised countries, using the Bretton Woods and post-Bretton Woods eras to distinguish between fixed and floating exchange-rate regimes respectively. ... Our finding is not inconsistent with earlier findings which
https://www.rba.gov.au/publications/rdp/1998/1998-11/concluding-remarks.html
Data
1 Oct 1998
RDP
9811
For expositional purposes, we refer to these regimes as fixed, managed and floating exchange-rate regimes. ... It differs from Mussa by differentiating between managed and floating exchange-rate regimes which he had combined into a single group.
https://www.rba.gov.au/publications/rdp/1998/1998-11/data.html
References
1 Oct 1998
RDP
9811
RDP 9811: Effective Real Exchange Rates and Irrelevant Nominal Exchange-Rate Regimes References. ... 377–400. Black, S.W. (1986), ‘Real Exchange Rates and Deviations from Purchasing Power Parity Under Floating Exchange Rates: A Comment’ ,
https://www.rba.gov.au/publications/rdp/1998/1998-11/references.html
New Evidence
1 Oct 1998
RDP
9811
The pooled variance of effective RER changes was substantially higher under the floating exchange-rate regime than the fixed and managed exchange-rate regimes (389 versus 113 and 86 respectively). ... Compared with the results in the first row, the
https://www.rba.gov.au/publications/rdp/1998/1998-11/new-evidence.html
Re-examining Existing Evidence
1 Oct 1998
RDP
9811
He described the post-Bretton Woods period as being a floating exchange-rate regime for these industrialised countries. ... All of these tests (not reported here) conclusively indicated a higher variance under floating exchange rates than fixed exchange
https://www.rba.gov.au/publications/rdp/1998/1998-11/re-examining-existing-evidence.html
Appendix: Nominal Exchange-rate Regimes
1 Oct 1998
RDP
9811
RDP 9811: Effective Real Exchange Rates and Irrelevant Nominal Exchange-Rate Regimes Appendix: Nominal Exchange-rate Regimes. ... 16. cooperative exchange rate arrangements. Managed. 17. other, split into 3 categories as of 31 July 1982.
https://www.rba.gov.au/publications/rdp/1998/1998-11/appendix-a.html