1  From the mid 1960s to the mid 1970s, the nominal TWI appreciated by about 35 per cent. Prior to that, there was a substantial appreciation after World War I, when the Australian pound was fixed to the British pound, which in turn had returned to the gold standard at its pre-WWI rate.
2  For example, see Stevens G (2011), “The Resources Boom”, RBA Bulletin, March, pp 67–71; and Plumb M, C Kent and J Bishop (2013), “Implications for the Australian Economy of Strong Growth in Asia”, RBA Research Discussion Paper No 2013–03.