Record Details

The monetary problems of a dependent economy: the Australian experience 1948-1952

PSL Quarterly Review

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Field Value
 
Title The monetary problems of a dependent economy: the Australian experience 1948-1952
 
Creator ROWAN, D.
 
Subject —
Monetary problems, dependent economies, balance of payments, Australia, Commonwealth Bank, Central Bank, monetary policy
E52, E58, E65, F32
 
Description The present article considers special monetary problems that are likely to confront dependent economies because of the dominant influence exerted upon them by the behaviour of the balance of payments. The author examines the concrete case of Australia, a country which, he says, offers a particularly good example of an economy which is both economically dependent and highly developed financially. The main purpose of the paper is to assess the extent to which the Commonwealth Bank was successful in promoting “stabilisation” policies from 1948 to 1952. To this aim, the author provides a detailed analysis of the policy followed by the Central Bank and of its effects on the liquidity position of commercial banks. The investigation is also extended, however, to individual sectors of the economy and to various aspects of the money and capital markets, so as to place in proper perspective the effective possibilities and limits of monetary policy in a country such as Australia. 
 
Publisher Economia civile
 
Contributor —
 
Date 2014-09-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/12763
 
Source PSL Quarterly Review; Vol 7, No 31 (1954)
PSL Quarterly Review; Vol 7, No 31 (1954)
2037-3643
ISSN 2037-3635
 
Language eng
 
Relation http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/12763/12571
 
Rights Copyright (c) 2016 D. ROWAN
http://creativecommons.org/licenses/by-nc-nd/4.0