External stability (1 Viewer)

[ohsofluffy]

What is external stability? I have an assignment where I have to find a newspaper article related to Australia's external stability.

 

[13abie]

It's just referring to the key components that keep Australia economically secure in relation to the rest of the world.
You should be looking at Australia's net foreign debt, net foreign liabilities and the Current account deficit. The levels of all of these components will give you a good indicator of our external stability

Good luck!

 

[determine]

and also make sure that you look at the exchange rate in addition to everything that has been mentioned about net foreign debt/liabilities, and the balance of payments performance of the economy.