Research Discussion Paper – RDP 1999-05 Trends in the Australian Banking System: Implications for Financial System Stability and Monetary Policy
March 1999
- Abstract
- Download the Paper 157KB
Contents
- Introduction
- Monetary Policy, Financial System Stability and Efficiency
- Trends in the Financial System
- Consolidation: Efficiency and System Stability
- Conglomeration and the Competitive Fringe
- Implications for System Stability and Monetary Policy
- Appendix: Data Sources
- References
This paper draws on an earlier paper by the same authors presented at the BIS Autumn Central Bank Economists' Meeting, Basle, from the 28 to 29 October 1998. We would like to thank Philip Lowe, John Laker, David Gruen and Marianne Gizycki for their helpful comments and suggestions, Chay Fisher for his excellent research assistance and Graham Anderson for providing data. The views expressed are those of the authors and should not be attributed to the Reserve Bank of Australia.