Internationalising a Currency: The Case of the Australian Dollar
Robert N. McCauley
Bank for International Settlements (BIS)
December 2006
BIS Quarterly Review, December 2006
Abstract:
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, G1
Accepted Paper Series
Suggested Citation
McCauley, Robert N., Internationalising a Currency: The Case of the Australian Dollar (December 2006). BIS Quarterly Review, December 2006. Available at SSRN: http://ssrn.com/abstract=1632352
