THE EFFECTS OF FLEXIBLE EXCHANGE RATES ON AUSTRALIAN WOOL PRICES

The implication of price stabilisation under a volatile exchange rate is an increasingly volatile price denominated in a foreign currency. Time series analysis is used to model the relationship between exports, prices and AWC stocks. This model is used to assess the distribution of the impact of exchange rate shocks on prices denominated in local and foreign currencies. It is found that the AWC has significantly reduced the impact of exchange rate shocks on domestic prices.


Issue Date:
1991-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/22931
Published in:
Australian Journal of Agricultural Economics, Volume 35, Number 1
Page range:
49-76
Total Pages:
28




 Record created 2017-04-01, last modified 2018-01-22

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