This seminar has provided us with the opportunity to elaborate on the lessons to be learned by monetary policy. And I have learned a lot in yesterday’s and today’s sessions! BIS Review 67/2010  5
These figures suggest that there remains significant potential for growth in RMB trade invoicing, not only by Australian firms, but by firms in other countries as well. Australia’s own experience with liberalisation is that the growth of trade makes financial liberalisation easier. As financial markets develop to support trade relationships, those same markets can, in time, support deeper financial relationships.