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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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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The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
OIS rates provide a measure of market expectations for the evolution of the cash rate, and so can be used as at least a partial control to isolate the effect of ... As noted earlier, OIS rates provide a measure of market expectations for the evolution of
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
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References
9 Dec 2019
RDP
2019-11
Mehrotra A and JR Sánchez-Fung (2010), ‘China's Monetary Policy and the Exchange Rate’, Comparative Economic Studies, 52(4), pp 497–514. ... PBC (People's Bank of China) (2005), ‘Public Announce of the People's Bank of China on Reforming the RMB
https://www.rba.gov.au/publications/rdp/2019/2019-11/references.html
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Australian Equity Market Facts: 1917–2019
19 Jun 2019
RDP
2019-04
The profits of Australian Guarantee Corporation (the largest hire purchase company on the Sydney Stock Exchange) increased at an annual rate of 30 per cent between 1955 and 1975, and its ... This may reflect that the Sydney Stock Exchange had fewer
https://www.rba.gov.au/publications/rdp/2019/2019-04/australian-equity-market-facts-1917-2019.html
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Data and Stylised Facts
6 May 2018
RDP
2018-05
Some report the ultimate rate they face, while others report rates on the borrowing, as well as on the fixed- and floating-rate legs of their swaps. ... This suggests that declines in the cash rate in recent years have not necessarily flowed through to
https://www.rba.gov.au/publications/rdp/2018/2018-05/data-and-stylised-facts.html
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Monetary and Macroprudential Policies: The Case for a Separation of Powers | Conference – 2018
12 Apr 2018
Conferences
explain why I think interaction with monetary policy, and therefore the gains from formal coordination of the two, are often overstated, particularly in more open economies with floating exchange rates. ... In that case, an easing in policy works mainly
https://www.rba.gov.au/publications/confs/2018/broadbent.html
Introduction | Conference – 2018
12 Apr 2018
Conferences
Brassil, Cheshire and Muscatello consider the way the RBA's policy rate is transmitted to the interest rates Australians pay on their mortgages and receive on their deposits. ... He also notes that the benefits from formal coordination are overstated and,
https://www.rba.gov.au/publications/confs/2018/introduction.html
The Transmission of Monetary Policy through Banks' Balance Sheets | Conference – 2018
12 Apr 2018
Conferences
risk that future short-term interest rates will not turn out as expected (interest rate risk). ... The effect of the cash rate on provisioning rates may diminish at low interest rates.
https://www.rba.gov.au/publications/confs/2018/brassil-cheshire-muscatello.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
The tentative experience so far suggests that negative interest rates mainly work through the exchange rate, which some would see as ‘beggar thy neighbour’ policy. ... This regime broke down because of a vicious cycle between an increasing current
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton-disc.html
Discussion | Conference – 2017
16 Mar 2017
Conferences
Can one assume that the exchange rate will always be so well behaved in an inflation-targeting regime with a floating exchange rate? ... At a macroeconomic level Australia's history with its exchange rate certainly resembles that of Canada's over the
https://www.rba.gov.au/publications/confs/2017/ellis-littrell-disc.html