01642cas a2200241 a 4500 AALejournalIMF006806 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455208333 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Australia : 2010 Article IV Consultation; Staff Report; and Public Information Notice on the Executive Board Discussion. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (47 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 The impact of the global crisis was milder in Australia than in other advanced economies owing to strong demand from Asia and decisive policy responses. Australian banks were resilient to the global crisis, and the labor market was flexible in the face of the shock. The exit from fiscal stimulus is appropriate as is the recent review of the tax system. Banks could adopt riskier strategies and require vigilance. The exchange rate is overvalued but will dissipate as interest rates in other advanced economies eventually normalize. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/331 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/331/002.2010.issue-331-en.xml IMF e-Library