Modern central banking: Pressures for change

K. M. Hawtrey

Modern central banking: Pressures for change

K. M. Hawtrey^*

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Review article › peer-review

1 Citation (Scopus)

Abstract

The role of the central bank as an instrument of government economic supervision has entered a period of flux, owing to the combined forces of financial deregulation, technological advance, monetary innovation and banking globalisation. This paper discusses, with special reference to Australia, pressing areas for potential reform in the role of the central bank including greater independence, international coordination, splitting of core functions, and the creation of a 'super-regulator'.

Original language	English
Pages (from-to)	59-70
Number of pages	12
Journal	Australian Journal of Public Administration
Volume	56
Issue number	1
Publication status	Published - Mar 1997

Cite this

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title = "Modern central banking: Pressures for change",

abstract = "The role of the central bank as an instrument of government economic supervision has entered a period of flux, owing to the combined forces of financial deregulation, technological advance, monetary innovation and banking globalisation. This paper discusses, with special reference to Australia, pressing areas for potential reform in the role of the central bank including greater independence, international coordination, splitting of core functions, and the creation of a 'super-regulator'.",

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AB - The role of the central bank as an instrument of government economic supervision has entered a period of flux, owing to the combined forces of financial deregulation, technological advance, monetary innovation and banking globalisation. This paper discusses, with special reference to Australia, pressing areas for potential reform in the role of the central bank including greater independence, international coordination, splitting of core functions, and the creation of a 'super-regulator'.

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Modern central banking: Pressures for change

Abstract

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