The consequences of activist fiscal policy may be entirely different from what was expected. 2  BIS Review 56/2003  In Denmark, changing governments have been well aware of the risk that economic policy could go off course - precisely because of the potential vulnerability of the fixed-exchange-rate policy.
BBSW remains robust The BBSW rates are important interest rate benchmarks for the Australian dollar. A lot of work has already been done to ensure that these remain robust. This market – where banks raise short-term funding by issuing bills to wholesale investors as a liquid asset – is a longstanding one.