The Volatility of Australia's Exchange Rate: A Synthesis

Louise Dwyer, Duc-Tho Nguyen and Suri Rajapakse
Additional contact information
Louise Dwyer: Griffith University
Duc-Tho Nguyen: Griffith University
Suri Rajapakse: Griffith University

Economic Analysis and Policy, 1996, vol. 26, issue 1, 25-44

Abstract: In this paper, a number of methods which have been used previously to assess exchange rate volatility are synthesized within a common framework. These notions of volatility are identified, namely changeableness, dispersion, and uncertainty. It is argued that the uncertainty aspect should be the primary focus, and that in some circumstances the other two aspects can be seen as special cases of the uncertainty interpretation. Applying the preferred measures to the data, we find that Australia's exchange rates became more volatile after the 1983 float, and that after declining in the early-1990s, exchange rate volatility again increased in 1992 and 1993.

Keywords: Exchange; Rates (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0313592696500020
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:26:y:1996:i:1:p:25-44

Access Statistics for this article

Economic Analysis and Policy is currently edited by Clevo Wilson

More articles in Economic Analysis and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().