Sovereign wealth funds and the exchange rate: comparing resource booms in Australia, Chile and Norway
The idea of Australia establishing a sovereign wealth as a response to the challenges posed by the resource boom has attracted considerable interest. Some argue that a fund investing in foreign assets, as is done in Chile and Norway, could ease pressures on trade-exposed industries resulting from the high Australian dollar. This article examines how effective this might be, drawing on comparative experience in recent resource booms in the three economies.
Volume (Year): (2012)
Issue (Month): 2 (August)
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