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 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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The Efficiency of Central Clearing: A Segmented Markets Approach
24 Oct 2016
RDP
PDF
2054KB
prices, equity prices and exchange rates. These contracts are typically used to hedge risks. ... floating interest rate swaps; another, 1-year Japanese yen-denominated overnight index swaps;.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-07.pdf
Implications
1 Jul 2016
RDP
2016-05
RDP 2016-05: Trade Invoicing Currency and First-stage Exchange Rate Pass-through 5. ... prices. Devereux and Engel (2003) argue that this weakens the stabilisation role of floating exchange rates.
https://www.rba.gov.au/publications/rdp/2016/2016-05/implications.html
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Trade Invoicing Currency and First-stage Exchange Rate Pass-through
21 Jun 2016
RDP
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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
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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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
MODELLING RECENT DEVELOPMENTS IN AUSTRALIAN ASSET MARKETS: SOME PRELIMINARY ...
18 Apr 2015
RDP
PDF
632KB
is inverted to obtain an equation for the floating exchange. rate:. ... due to the role of capital transactions in trade financing.). Under a pure floating exchange rate, where the net supply of.
https://www.rba.gov.au/publications/rdp/1984/pdf/rdp8403.pdf
Financial Reform in Australia and China
4 Feb 2015
RDP
PDF
1153KB
In part, this has occurred in response to the incentives created by the floating exchange rate regime itself. ... aware of the risks of such exposures in the early stages of the floating exchange rate regime.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-10.pdf
Macroeconomic Consequences of Terms of Trade Episodes, Past and Present
4 Feb 2015
RDP
PDF
629KB
These have included fixed exchange rate regimes, money supply targets and inflation targeting under a floating exchange rate. ... The floating exchange rate and inflation-targeting framework has also provided the RBA with the flexibility to maintain an
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-01.pdf
Exchange Rate Movements and the Australian Economy
4 Feb 2015
RDP
PDF
1416KB
To justify the first assumption, we note that short-term movements in the real exchange rate largely reflect changes in nominal exchange rates. ... The inclusion of output, inflation, interest rates and the real exchange rate in the domestic block is
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-11.pdf