01532cas a2200241 a 4500 AALejournalIMF003301 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451802061 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Australia : Selected Issues. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (52 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper for Australia highlights the dynamics of the Australian real exchange rate and its impact on Australia's trade. The main findings are that the Australian real exchange rate is largely driven by world commodity prices and that it adjusts relatively rapidly to large shocks, with an estimated half-life of 16 months. The real exchange rate is a significant determinant of Australian imports, with an elasticity of one, but does not appear to have a significant impact on Australian exports. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2004/354 Full text available on IMF http://elibrary.imf.org/view/journals/002/2004/354/002.2004.issue-354-en.xml IMF e-Library