Basket pegs and exchange rate regime change : Australia and New Zealand in the mid-seventies

SCHENK, Catherine and SINGLETON, John (2011). Basket pegs and exchange rate regime change : Australia and New Zealand in the mid-seventies. Australian Economic History Review, 51 (2), 120-149.

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Official URL: http://dx.doi.org/10.1111/j.1467-8446.2011.00327.x
Link to published version:: 10.1111/j.1467-8446.2011.00327.x

Abstract

The adoption of a basket peg by China in July 2005 raised interest in this form of exchange rate regime. This paper explores the emergence of the basket peg in the early 1970s, using New Zealand and Australia as case studies to examine why it was adopted, how it operated, and their policy-makers' use of it to influence various goals. We highlight the complexity of regime choice following the collapse of Bretton Woods. For Australia and New Zealand, the basket peg was a plausible (although interim) solution when they were reluctant either to peg to a single currency or float.

Item Type: Article
Research Institute, Centre or Group: Humanities Research Centre
Identification Number: 10.1111/j.1467-8446.2011.00327.x
Depositing User: Helen Clarke
Date Deposited: 14 Sep 2012 13:38
Last Modified: 14 Sep 2012 13:38
URI: http://shura.shu.ac.uk/id/eprint/5857

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