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'.
|Number of pages||12|
|Journal||Australian Journal of Public Administration|
|Publication status||Published - Mar 1997|