Internationalising a Currency: The Case of the Australian Dollar
Robert N. McCauley
Bank for International Settlements (BIS)
BIS Quarterly Review, December 2006
Asian policymakers are giving consideration to allowing their currencies to be used by non-residents. If policy allows this and a robust fixed income market provides support, the Australian experience indicates that a currency can internationalise fairly quickly, particularly if it offers a yield pickup.
Number of Pages in PDF File: 14
JEL Classification: F3, G1Accepted Paper Series
Date posted: July 1, 2010
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo8 in 0.422 seconds