This paper compares an Australia-New Zealand currency union to a purely fl oating exchange rate regime in the context … benchmark calibration currency union is welfare reducing for both Australia and New Zealand. Sensitivity analyses reveal these …

: Australia, New Zealand, USA and Japan. The main findings showed that both short-term and cyclical exchange rate volatility are … generally lower in a currency union with either Australia or New Zealand. However, the results vary under varying weights and …

exchange rate series for the scenarios of currency union with Australia or with the United States from 1985 to 2001. We cannot … the United States or Australia. By contrast, cyclical variability in the New Zealand exchange rate has been greater over … the last sixteen years than it would have been in a currency union with either Australia or the United States …

This article examines the monetary arrangements between Australia, New Zealand and the United Kingdom from the 1820s to …

-round integration of two economies. Empirically, such a constellation is found between Australia and New Zealand, whereas diverging … trends in money and interest rates characterise the relation of Australia towards the US. -- Monetary Exchange Rate Model … ; Convergence ; Stationarity ; Australia …

interest rates to policy announcements - on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main …

mechanism and test the over-identifying restrictions for Australia, Canada, and New Zealand. For all three countries …

rates of the developed countries where primary commodities are an important share of exports: Australia, Canada and New …

macroeconomies with particular reference to Australia and New Zealand, major commodity exporters in the Asian region. It extends the …