RBA Bulletin - August 2002 Issue

REPORT - The Reserve Bank of Australia published its August 2002 Bulletin on 15 August. The Bulletin contains articles on Australia's Foreign Currency Exposure and Hedging Practices and Recent Proposals for Reform of Sovereign Debt Restructuring.

Australia's Foreign Currency Exposure and Hedging Practices

Extract from the Introduction

The Asian financial crisis led to renewed debate about the vulnerabilities that countries face if they have large unhedged foreign currency liabilities, particularly

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