The Deregulation of Australian Financial Systems

Paper Summary:

This paper provides an examination of the impact of the deregulation process on Australian financial systems in general and the market shares of major institutions in particular. A summary of the research is provided in the conclusion.

From the Paper:

"As a result of fundamental changes that have taken place since the 1980s, there are two distinct and comparatively new features of Australia's economy today. First, there has been a reluctant acceptance of the vital economic and strategic significance of the Asia-Pacific region and a sharper awareness of the opportunities to be gained there; second, in spite of some resistance in some quarters, Australia's corporate, financial, political, and bureaucratic cultures have steadfastly embraced a more rationalist economic philosophy that seemed to accept as inevitable a comprehensive globalization and deregulation of the nation's economy."

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