2000 | OriginalPaper | Chapter
Weighted Monetary Aggregates: Empirical Evidence for Australia
Authors : G. C. Lim, Vance L. Martin
Published in: Divisia Monetary Aggregates
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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December 1983 represents a watershed in the development of the Australian financial system. This point in time coincides with the floating of the Australian dollar on world financial markets, and marks the culmination of a period of rapid financial deregulation and innovation. Some of the major changes included the removal of interest-rate ceilings and quantitative controls, and the granting of licences to foreign banks.