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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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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions

29 Dec 2022 RDP PDF 1886KB
rate responses, although the posterior lower probability that the exchange rate appreciates on. ... and exchange rate depreciations, I consider combining these restrictions with restrictions on the.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf

Current Account Deficits: The Australian Debate

12 Mar 2007 RDP PDF 289KB
The floating exchange rate has been an important means of adjusting to external shocks, and provides a mechanism by which Australia’s external position is subject to continual reassessment by the ... With the floating exchange rate, policy needed to be
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-02.pdf

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

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

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

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 Effect of Steady Inflation on Interest Rates and the Real Exchange Rate in a World with Free Capital Flows

18 Apr 2007 RDP PDF 383KB
THE EFFECT OF STEADY INFLATION ON INTEREST RATES AND THE REAL EXCHANGE RATE. ... The model provides a simple description of a small open economy in a world of floating exchange rates and perfect capital mobility.
https://www.rba.gov.au/publications/rdp/1991/pdf/rdp9101.pdf

Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime

19 Nov 2012 RDP PDF 753KB
characterized as that of "generalized floating" exchange rates,. exchange market intervention has occurred on a fairly regular,. ... central bank, motivated by a desire to achieve a particular exchange rate outcome.
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8909.pdf

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