This thesis describes the office of Australian treasurer (the equivalent of finance minister in m... more This thesis describes the office of Australian treasurer (the equivalent of finance minister in most European countries) and how it has evolved over time, distinguishing between those occupants who only sought to manage the economy and finances and those who sought fundamental reforms.
Page 1. THE ORIGIN OF THE ASIAN FINANCIAL TURMOIL Morris Goldstein* and John Hawkins** Research D... more Page 1. THE ORIGIN OF THE ASIAN FINANCIAL TURMOIL Morris Goldstein* and John Hawkins** Research Discussion Paper 9805 May 1998 ... 33 References 35 Page 4. THE ORIGIN OF THE ASIAN FINANCIAL TURMOIL Morris Goldstein and John Hawkins 1. Introduction ...
Alexander Poynton served briefly as Treasurer in Billy Hughes’ National Labor government. He is t... more Alexander Poynton served briefly as Treasurer in Billy Hughes’ National Labor government. He is the only Treasurer from South Australia. While he was not Treasurer long enough to bring down his own budget, he did present the 1919 Budget to parliament on behalf of the then Treasurer, William Watt.
Stanley Melbourne Bruce, a wealthy businessman with an aristocratic air, served as treasurer in 1... more Stanley Melbourne Bruce, a wealthy businessman with an aristocratic air, served as treasurer in 1922, bringing down one budget, during his meteoric rise to the prime ministership. He stressed the need to bring ‘businesslike’ practices into government and promote development under his slogan ‘men, money and markets’. A number of commissions and inquiries were set up to inform policymaking, and Bruce looked favourably on establishing independent boards to manage some government operations. Bruce established a sinking fund to retire the debt accumulated during the First World War. He also tried to rationalise industrial relations arrangements.
The rapid spread of the internet and some aspects of e-finance are changing the financial system ... more The rapid spread of the internet and some aspects of e-finance are changing the financial system in ways that are hard to predict. This has potential ramifications for monetary policy all through the process of its operation. Effects may be felt on the central bank’s ability to operate monetary policy, the connection between interest rates it controls and key market rates, how these rates affect the real economy and inflation, and the feedback from real economy data to policy setting.
... One frequently heard worry is that bond markets could take business away from the banks. ... ... more ... One frequently heard worry is that bond markets could take business away from the banks. ... On the other hand, if it means firms are less vulnerable to weaknesses in the banking system, corporate bond issuance can help central banks achieve steady economic growth. ...
1 The following article is the second in a series of biographies of Australia&amp... more 1 The following article is the second in a series of biographies of Australia's federal treasurers. John Christian Watson was Australia's second (and youngest) treasurer, and the first national Labour prime minister and treasurer in the world. His government did not last long enough for him to bring down a budget. But his cautious pragmatic approach proved influential for subsequent
This thesis describes the office of Australian treasurer (the equivalent of finance minister in m... more This thesis describes the office of Australian treasurer (the equivalent of finance minister in most European countries) and how it has evolved over time, distinguishing between those occupants who only sought to manage the economy and finances and those who sought fundamental reforms.
Page 1. THE ORIGIN OF THE ASIAN FINANCIAL TURMOIL Morris Goldstein* and John Hawkins** Research D... more Page 1. THE ORIGIN OF THE ASIAN FINANCIAL TURMOIL Morris Goldstein* and John Hawkins** Research Discussion Paper 9805 May 1998 ... 33 References 35 Page 4. THE ORIGIN OF THE ASIAN FINANCIAL TURMOIL Morris Goldstein and John Hawkins 1. Introduction ...
Alexander Poynton served briefly as Treasurer in Billy Hughes’ National Labor government. He is t... more Alexander Poynton served briefly as Treasurer in Billy Hughes’ National Labor government. He is the only Treasurer from South Australia. While he was not Treasurer long enough to bring down his own budget, he did present the 1919 Budget to parliament on behalf of the then Treasurer, William Watt.
Stanley Melbourne Bruce, a wealthy businessman with an aristocratic air, served as treasurer in 1... more Stanley Melbourne Bruce, a wealthy businessman with an aristocratic air, served as treasurer in 1922, bringing down one budget, during his meteoric rise to the prime ministership. He stressed the need to bring ‘businesslike’ practices into government and promote development under his slogan ‘men, money and markets’. A number of commissions and inquiries were set up to inform policymaking, and Bruce looked favourably on establishing independent boards to manage some government operations. Bruce established a sinking fund to retire the debt accumulated during the First World War. He also tried to rationalise industrial relations arrangements.
The rapid spread of the internet and some aspects of e-finance are changing the financial system ... more The rapid spread of the internet and some aspects of e-finance are changing the financial system in ways that are hard to predict. This has potential ramifications for monetary policy all through the process of its operation. Effects may be felt on the central bank’s ability to operate monetary policy, the connection between interest rates it controls and key market rates, how these rates affect the real economy and inflation, and the feedback from real economy data to policy setting.
... One frequently heard worry is that bond markets could take business away from the banks. ... ... more ... One frequently heard worry is that bond markets could take business away from the banks. ... On the other hand, if it means firms are less vulnerable to weaknesses in the banking system, corporate bond issuance can help central banks achieve steady economic growth. ...
1 The following article is the second in a series of biographies of Australia&amp... more 1 The following article is the second in a series of biographies of Australia's federal treasurers. John Christian Watson was Australia's second (and youngest) treasurer, and the first national Labour prime minister and treasurer in the world. His government did not last long enough for him to bring down a budget. But his cautious pragmatic approach proved influential for subsequent
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