Internationalising a currency: the case of the Australian dollar

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.

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Year of publication:	2006
Authors:	McCauley, Robert
Published in:	BIS Quarterly Review. - Bank for International Settlements (BIS). - 2006, December
Publisher:	Bank for International Settlements (BIS)

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	F3 - International Finance ; G1 - General Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005121410