This paper analyzes the performance of the Hard Currency Strategy (HCS) which was the centerpiece of Papua New Guinea's (PNG's) post-independence macroeconomic stabilization policies. The main aims of the HCS were the maintenance of the convertibility and the purchasing power of the domestic...

The paper analyses the causes of the Asian Financial Crisis 1977/79. The increase in cross-border capital mobility and the issues of regulating sequencing of trade liberating and capital account convertiblity are also discussed. A typology of generation-models of currency crises is analyzed. It...

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...