Financial Deregulation in Australia and the UK Compared

Maximilian Hall

Chapter 3 in Financial Deregulation, 1987, pp 147-154 from Palgrave Macmillan

Abstract: Abstract In both countries the prime motivating force behind the deregulation programmes implemented was the desire to raise the level of competition in financial markets as a means of improving efficiency. Additional considerations related to a determination to restructure the financial services industry in a manner capable of reaping the maximum possible benefits for the economy (e.g. in terms of invisible earnings, tax revenue and enhanced employment prospects) in the increasingly competitive and integrated world financial markets and, in the case of Australia, to a desire to enhance Australia’s role as a regional financial centre through a broadening of its capital market.

Keywords: Monetary Policy; Saving Bank; Financial Innovation; Building Society; Financial Service Industry (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18927-4_3

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DOI: 10.1007/978-1-349-18927-4_3

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