Abstract
This article examines the process of financial deregulation in Australia during the decade when Australia's financial system changed from a highly regulated system to a system with few quantitative or qualitative controls, freely floating exchange rate and a deficit fully financed by the market. While existing accounts have tended to focus on a single explanatory variable, this article argues that policy outcomes were the result of a more complex interaction of ideology, economic forces, institutional structures, and political interests. In analysing the effects of these significant influences, the article provides a more complex picture of the deregulatory process and places the Wallis Report in context.
Original language | English |
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Pages (from-to) | 273-292 |
Number of pages | 20 |
Journal | Economic and Labour Relations Review |
Volume | 8 |
Issue number | 2 |
Publication status | Published - 1997 |