  Detection and study of gravitational waves from astrophysical sources is a
major goal of current astrophysics. Ground-based laser-interferometer systems
such as LIGO and VIRGO are sensitive to gravitational waves with frequencies of
order 100 Hz, whereas space-based systems such as LISA are sensitive in the
millihertz regime. Precise timing observations of a sample of millisecond
pulsars widely distributed on the sky have the potential to detect
gravitational waves at nanohertz frequencies. Potential sources of such waves
include binary super-massive black holes in the cores of galaxies, relic
radiation from the inflationary era and oscillations of cosmic strings. The
Parkes Pulsar Timing Array (PPTA) is an implementation of such a system in
which 20 millisecond pulsars have been observed using the Parkes radio
telescope at three frequencies at intervals of two -- three weeks for more than
two years. Analysis of these data has been used to limit the gravitational wave
background in our Galaxy and to constrain some models for its generation. The
data have also been used to investigate fluctuations in the interstellar and
Solar-wind electron density and have the potential to investigate the stability
of terrestrial time standards and the accuracy of solar-system ephemerides.
