Relationship between commodity prices and exchange rate in light of Global Financial Crisis: Evidence from Australia

The study analyses responses from senior government officials from 12 APEC economies that provide extensive descriptions of SME policies that had been in place prior to the GFC and that also detail how programs may have been expanded, and describes new programs that may have been added, specifically to deal with the GFC. This analysis is combined with a parallel OECD assessment to arrive at a comprehensive taxonomy of initiatives. In order to assess the extent to which the governments’ measures address the challenges faced by SMEs, the taxonomy of initiatives is tabulated against a rank-ordered listing of the issues identified by SMEs. This allows identification of gaps that existing and new government schemes have yet to deal with.