Abstract
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.
We would like to thank Michael Belongia for many helpful comments and suggestions on an earlier version of this chapter.
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Lim, G.C., Martin, V.L. (2000). Weighted Monetary Aggregates: Empirical Evidence for Australia. In: Belongia, M.T., Binner, J.M. (eds) Divisia Monetary Aggregates. Palgrave Macmillan, London. https://doi.org/10.1057/9780230288232_12
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DOI: https://doi.org/10.1057/9780230288232_12
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