Financial Deregulation in Australia in the 1980s

Ann Nevile

The Economic and Labour Relations Review, 1997, vol. 8, issue 2, 273-292

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, a freely floating exchange rate and a deficit fully financed by the market. While existing accounts have tended to focus on a single explanatory variable (such as an ideological shift or economic pressures), this article argues that policy outcomes were the result of a more complex interaction of ideology, economic forces, institutional structures and political interests. In analyzing the effect of these significant influences, the article provides a more complete picture of the deregulatory process and places the Wallis Report in context.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecolab:v:8:y:1997:i:2:p:273-292

DOI: 10.1177/103530469700800206

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