Illustrate what factor might the global financial crisis hit

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Reference no: EM1344549

Explain breifly the factors that explain why the $A rose from about US75 cents in 2005 to above parity to the $US in 2008 and now in 2011.

Illustrate what factors might explain why the $A went so low when the Global financial crisis hit the world economy in late 2008?

Discuss (and explain) how the rise of the $A has impacted on each of the following:

• Resource exports

• Non-resource exports

• Imports

• Domestic manufacturers/tourism

• Profits and hence tax revenues

Reference no: EM1344549

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