PL EN


2015 | 210 | 89-98
Article title

Pozycja euro i dolara australijskiego na rynkach walutowych względem wybranych kryteriów gospodarczych ich emitentów

Authors
Content
Title variants
EN
The euro and the australian dollar in currency markets with respect to economic criteria selected for their issuers
Languages of publication
PL
Abstracts
EN
The purpose of this article is to determine whether quickly gained a large share of the Australian dollar in trading on the foreign exchange markets can reduce current in-ternational position euros. The position of AUD has increased in the settlements use of the raw materials. This is especially exacerbated when the Australian economy entered the path of rapid deve-lopment. This happened in spite of the great recession of 2008-2009. In addition, a stronger Australian dollar favors a very low risk of an increase in public debt. This cur¬rency also maintains an AAA credit rating. Central banks added the Australian dollar in¬to their currency reserves. By this way its position is strengthened as an international currency and treated as very safe, despite the correlation with the market raw materials.
Year
Volume
210
Pages
89-98
Physical description
Contributors
References
  • 2012 Review Of Data Provision To The Fund For Surveillance Purposes, IMF 2012.
  • Australia Face Sheet, Department of Foreign Affairs and Trade 2013.
  • Australia welcomes move to count Aus$ as reserve currency, AFP 20.11.2012.
  • Barth J. R., The Eurozone Financial Crisis: Role of Interdependencies between Bank and Sovereign Risk, Auburn University USA 2011.
  • Belkar R., Current Account Deficits: The Australian Debate, Reserve Bank of Australia 2007.
  • BIS Currency Distribution of Global Foreign Exchange Market Turnover, Bank Of In-ternational Settlements 2012.
  • Cecchetti S., Reassessing the Impact of Finance on Growth, BIS Working Papers No. 381, Monetary and Economic Department BIS 2012.
  • Composition of Foreign Exchange holdings of International Countries - AUD Focus, Documentation - Reserve Bank of Australia 2013.
  • Currency Composition of Official Foreign Exchange Reserves (COFER), Washington, International Monetary Fund 2013.
  • Dane geograficzne: Bank Światowy 2013, data.worldbank.org/indicator/AG.SRF. TOTL.K2.
  • Economic Indicators at a Glance for G20 Countries, Planning Commission, Government of India 2013.
  • Eichengreen B., Sterling's Past, Dollar’s Future: Historical Perspectives on Reserve Currency Competition, University of California 2005.
  • Eurostat Newsrelease Euroindicator, Eurostat, styczeń 2013.
  • External Trade, ECB 2012, www.ecb.europa.eu/mopo/eaec/trade/html/index.en.html.
  • Government Debt General Government Gross Financial Liabilities as a Percentage of GDP, OECD 2013, www.oecd-ilibrary.org/.
  • Hartmann P., Issing O., The International Role of the Euro, European Central Bank 2002.
  • Kuziemska K., Euro w roli waluty międzynarodowej, NBP 2012.
  • Monetary aggregates, ECB 2013, www.ecb.europa.eu/stat.
  • Roche C., The Entire Eurozone Financial Sector is Now Smaller than Australia's, www.businessinsider.com 12.09.2012.
  • Structure of the euro area economy, ECB 2013, www.ecb.europa.eu/mopo/eaec/ html/index.en.html.
  • The World Fact Book, Central Intelligence Agency 2013.
  • The World Factbook, Stock of Broad Money, The Central Intelligence Agency 2013.
  • Zestawienie danych o Australii i UGiW, Bank Światowy 2013, data.worldbank.org.
Document Type
Publication order reference
Identifiers
ISSN
2083-8611
YADDA identifier
bwmeta1.element.desklight-4ce6d53b-cc0f-4d58-b01a-b1ef56a0e7a0
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.