Abstract
Throughout most of the postwar years, monetary policy in Australia has been carried out in the context of rigid controls over the banking system, government securities markets, and foreign exchange markets. In the early 1980s, these controls were swept away. Beginning late in 1980 with the removal of interest rate ceilings on bank deposits, a rapid succession of moves followed, including a reorganization of the government securities markets and a liberalization of the foreign exchange market that culminated in December 1983 with the lifting of exchange controls and the floating of the Australian dollar. (The Appendix provides a chronology of major financial deregulatory changes.)
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Davis, K., Lewis, M. (1988). The New Australian Monetary Policy. In: Cheng, HS. (eds) Monetary Policy in Pacific Basin Countries. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2685-1_11
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DOI: https://doi.org/10.1007/978-94-009-2685-1_11
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