Schenk, C. and Singleton, J. (2011) Basket pegs and exchange rate regime change: Australia and New Zealand in the mid-1970s. Australian Economic History Review, 51(2), pp. 120-149. (doi: 10.1111/j.1467-8446.2011.00327.x)
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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: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Schenk, Professor Catherine |
| Authors: | Schenk, C., and Singleton, J. |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
| College/School: | College of Social Sciences > School of Social and Political Sciences > Economic and Social History |
| Journal Name: | Australian Economic History Review |
| Publisher: | Wiley-Blackwell Publishing Asia |
| ISSN: | 0004-8992 |
| ISSN (Online): | 1467-8446 |
| Published Online: | 04 July 2011 |
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