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Internationalising a currency: the case of the Australian dollar

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Author Info
Robert McCauley

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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.

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Publisher Info
Article provided by Bank for International Settlements in its journal BIS Quarterly Review.

Volume (Year): (2006)
Issue (Month): (December)
Pages:
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Handle: RePEc:bis:bisqtr:0612f

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Find related papers by JEL classification:
F3 - International Economics - - International Finance
G1 - Financial Economics - - General Financial Markets

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This page was last updated on 2008-4-29.

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