Australia: Selected Issues : Selected Issues

1AUSEA2005001 Image
Price:  $15.00

Release Date: © September, 2005
ISBN : 978-1-45180-207-8
Stock #: 1AUSEA2005001
Stock Status: On back-order

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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.

More publications in this series: IMF Staff Country Reports