Financial Deregulation in Australia in the 1980s

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
Pages (from-to)273-292
Number of pages20
JournalEconomic and Labour Relations Review
Volume8
Issue number2
Publication statusPublished - 1997

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