Australia: Floating the Australian Dollar and Aftermath (1983-1990)

1. Campbell Committee recommends major financial liberalisation

   Sep 1, 1981Labels: Campbell Committee, Australian Financial

   • Treasury
   • RBA RDP

2. Hawke Government begins reform agenda

   Mar 5, 1983Labels: Hawke Government, Bob Hawke

   • RBA Speech
   • RBA RDP

3. Authorities loosen foreign-exchange dealing rules for banks

   Oct 1, 1983Labels: Reserve Bank, banks

   • ABS Finance

4. Government announces decision to float the Australian dollar

   Dec 9, 1983Labels: Australian Government, floating decision

   • RBA AnnualRpt
   • ABS Finance

5. Foreign exchange market opens under a floating rate

   Dec 12, 1983Labels: foreign exchange, Australian dollar

   • RBA Speech
   • RBA RDP

6. Most exchange controls removed alongside the float

   Dec 12, 1983Labels: exchange controls, capital movements

   • RBA RDP
   • RBA RDP

7. Foreign bank entry restrictions relaxed

   Jan 1, 1984Labels: foreign banks, banking licences

   • RBA FSR
   • RBA AnnualRpt

8. Government authorises non-bank foreign exchange dealers

   Jun 19, 1984Labels: non-bank dealers, foreign exchange

   • RBA AnnualRpt

9. Further exchange-control procedures removed and updated

   Jun 25, 1984Labels: exchange-control procedures, tax screening

   • RBA AnnualRpt

10. Bank interest rate restrictions largely removed

    Jun 30, 1985Labels: bank interest, financial deregulation

    • RBA AnnualRpt
    • RBA Conf

11. Keating issues “banana republic” warning amid external imbalance

    May 14, 1986Labels: Paul Keating, external imbalance

    • Guardian

12. Budget returns to surplus, marking post-float policy consolidation

    Aug 18, 1987Labels: budget surplus, post-float consolidation

    • Budget Archive
    • AAP FactCheck