The revolutionary changes in information technology (IT), globalization and financial innovation have overturned the Solow productivity paradox and spawned the New Economy (NE) in Australia in the late 1990s. Both growth accounting estimates and the use of the information superhighway rank...

This study reviews the rationale and mechanics of exchange rate intervention by the Reserve Bank of Australia (RBA) during the post-float period 1983Q4-1993Q2. The paper discusses the various channels through RBA intervenes leading to the level of exchange rate outcomes. The salient features of...