01793cas a2200253 a 4500 AALejournalIMF009451 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451975383 1934-7456 BD-DhAAL BD-DhAAL Beaumont, Craig. Conquering Fear of Floating : Australia's Successful Adaptation to a Flexible Exchange Rate / Craig Beaumont, Li Cui. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (26 pages) IMF Policy Discussion Papers <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 Australia has enjoyed fifteen years of uninterrupted economic expansion since 1992 despite shocks such as the Asian crisis in 1997-98 and the information technology bust in 2000-01. This resilient economic performance owes much to wide-ranging structural reforms and the improved frameworks for monetary and fiscal policies that were implemented after the Australian dollar was floated in 1983. In addition to gaining the expected macroeconomic benefits from exchange rate flexibility, the float appeared to help motivate and facilitate the subsequent reforms. Australia's experience with adapting to a floating currency may therefore be of broader interest. Mode of access: Internet Cui, Li. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2007/002 Full text available on IMF http://elibrary.imf.org/view/journals/003/2007/002/003.2007.issue-002-en.xml IMF e-Library