Bank Liability Management and the Stability of the Trade Cycle: The Australian Experience

Coombes, Trevor

doi:10.1111/j.1759-3441.1995.tb01110.x

Cited by 3 publications

(1 citation statement)

References 6 publications

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“…According to some theories, bank behaviour can influence changes in macroeconomic variables such as credit, interest rates, money supply, savings and investment -for instance, Wignall and Gizycki (1992), (effect on credit supply and demand), Mills, Morling and Tease (1993), (the effect on corporate funding), Battelino and McMillen (1989), Fahrer and Rohling (1990), (monetary policy), Coombes (1995), (price stability), OECD (1991), (patterns of bank lending and effects on consumption and saving). Hence if those variables change this is taken as indicative of the effectiveness of policy change.…”

Section: Measurement Of Regulatory Failurementioning

confidence: 99%

Towards a General Theory of Financial Regulation: Predicting, Measuring and Preventing Financial Crises

Currie

2005

SSRN Journal

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Regulatory failure causing financial crises has occurred with great frequency in the last ten years in both advanced and emerging nations. Theories of regulation have failed to define and describe the meanings of deregulation, the range of regulatory models and their goals, the significance of regulatory failure, how to measure it and how to prevent it. This paper is motivated by the perception that incorrect design and failure to conduct ongoing performance monitoring of regulatory models in emerging economies as well as in some advanced industrial states is precipitating financial crises. Deregulation is redefined in a framework that recognises the diversity between financial systems that exists due to differences in regulatory models, in the ability to comply with best international structure, in the ownership of the means of production and in the calibre of human and social capital, within the framework of the limiting features of government goals and economic resources and infrastructure. Case studies of regulatory failure in an advanced and an emerging nation illustrate the necessity for a staged approach to liberalisation of a financial system, which takes account of the capacity of the underlying economy and society to conduct effective prudential supervision before attempts are made to remove protective measures. The comparison of fin de millennium solutions in advanced nations of integrated supervisors also illustrates the correct embodiment of government goals in regulatory models and the importance of feedback mechanisms such as the establishment of early warning systems.

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Section: Measurement Of Regulatory Failurementioning

confidence: 99%

Towards a General Theory of Financial Regulation: Predicting, Measuring and Preventing Financial Crises

Currie

2005

SSRN Journal

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show abstract

A new theory of financial regulation: Predicting, measuring and preventing financial crises

Currie

2006

The Journal of Socio-Economics

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Reform of the Australian Financial System: Will the Wallis Proposals Jeopardise Systemic Stability?

Currie

1998

J of App Econs and Policy

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Bank Liability Management and the Stability of the Trade Cycle: The Australian Experience

Cited by 3 publications

References 6 publications

Towards a General Theory of Financial Regulation: Predicting, Measuring and Preventing Financial Crises

Towards a General Theory of Financial Regulation: Predicting, Measuring and Preventing Financial Crises

A new theory of financial regulation: Predicting, measuring and preventing financial crises

Reform of the Australian Financial System: Will the Wallis Proposals Jeopardise Systemic Stability?

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