Internationalising a currency: the case of the Australian dollar

Robert Neil Mccauley ()

BIS Quarterly Review, 2006

Abstract: 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.

JEL-codes: F3 G1 (search for similar items in EconPapers)

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