Australia: Selected Issues

September 12, 2005

Preview Citation

Format: Chicago

Australia: Selected Issues, (USA: International Monetary Fund, 2005) accessed September 18, 2024

Summary

This Selected Issues paper reviews how Australia’s economy has adapted to a flexible Australian Dollar. The paper provides a background on the float and the initial policy challenges. It discusses the main elements of the Future Fund proposal, and estimates how much Australia and other countries in the Asia-Pacific region would gain from greater financial integration. The results suggest that these welfare gains are large, giving an argument in favor of a progressive capital account liberalization across the region, once the needed supporting measures are in place.

Subject: Expenditure, Financial institutions, Financial markets, Foreign exchange, Labor

Keywords: Asia and Pacific, Asia index, Asset price, Australia, Certainty-equivalent wealth, CR, Diversification, Diversification increase, Exchange rates, FF investment, FF portfolio, FF proposal, Financial integration, Gain, Gains from diversification, Global, Investor, ISCR, Pension spending, Pensions, Stock index, Stocks

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/330
Stock No:

1AUSEA2005001
ISBN:

9781451802078
ISSN:

1934-7685

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