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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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A Weekly Model of the Floating Australian Dollar

1 Aug 1986 RDP 8612
Jeffrey R. Sheen
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1986/8612.html

Appendix

1 Aug 1986 RDP 8612
Jeffrey R. Sheen
RDP 8612: A Weekly Model of the Floating Australian Dollar Appendix. ... Download the Paper 1.1. MB. Data Sources. e. t. Australian-U.S. Dollar Exchange Rate, Wednesdays, Commonwealth Bank, Sydney.
https://www.rba.gov.au/publications/rdp/1986/8612/appendix.html

References

1 Aug 1986 RDP 8612
Jeffrey R. Sheen
Trevor “The Performance of Exchange Rate Forecasts”, Reserve Bank of Australia, Research Discussion Paper, 8609 July 1986. ... Biometrika. , 48, 1961. Woo, W.T., “The Monetary Approach to Exchange Rate Determination under Rational Expectations”,.
https://www.rba.gov.au/publications/rdp/1986/8612/references.html

Univariate Time Series Modelling

1 Aug 1986 RDP 8612
Jeffrey R. Sheen
Accordingly, this section develops the time series model to recover the lag structure, trend effects and unusual features of the exchange rate series. ... This may allow the conclusion that exchange rate crises, such as this, are merely crises of
https://www.rba.gov.au/publications/rdp/1986/8612/univariate-time-series-modelling.html

Introduction

1 Aug 1986 RDP 8612
Jeffrey R. Sheen
The variance of the spot rate increased by nearly 40 per cent in its first year of floating, relative to the previous year of managed rates, and by a further 100 ... Trevor and Donald (1986) use VAR estimation methods on daily data of the trade-weighted
https://www.rba.gov.au/publications/rdp/1986/8612/introduction.html

Conclusions

1 Aug 1986 RDP 8612
Jeffrey R. Sheen
This conclusion is consistent with the dramatically increased variability of the exchange rate in the second year. ... weighted exchange rate index appears independent of Australian interest rates.
https://www.rba.gov.au/publications/rdp/1986/8612/conclusions.html

Multivariate Modelling

1 Aug 1986 RDP 8612
Jeffrey R. Sheen
computed. where the. are expected growth rates as of t. It can be seen that in a stochastic steady state, exchange rate appreciation simply reflects relative expected money growth and output ... Interest rates are now postulated to be determined in the
https://www.rba.gov.au/publications/rdp/1986/8612/multivariate-modelling.html