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SCHOOL OF FINANCE AND ECONOMICS UTS:BUSINESS WORKING PAPER NO. 9 SEPTEMBER, 1991 The Need for Reform of the Australian Financial Regulatory System Carolyn Currie ISSN: 1036-7373 http://www.business.uts.edu.au/finance/

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Page 1: SCHOOL OF FINANCE AND ECONOMICS · UTS:BUSINESS WORKING PAPER NO. 9 SEPTEMBER, 1991 The Need for Reform of the Australian Financial Regulatory System Carolyn Currie ... IBCA Banking

SCHOOL OF FINANCE AND ECONOMICS

UTS:BUSINESS

WORKING PAPER NO. 9 SEPTEMBER, 1991

The Need for Reform of the Australian Financial Regulatory System Carolyn Currie ISSN: 1036-7373 http://www.business.uts.edu.au/finance/

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REFERENCES

Australian Financial Review, "Regulator lambastes insurance

industry", (Thursday, August 1, 1991).

Bank of England, 'The Measurement of Capital", (1988) in D.

Johannes Juttner and Tom Valentine, (ed) The Economics and

Management of Financial Institutions, (Longman Cheshire,

Melbourne, 1988).

Baumol, W.J. (1982), "Contestable Markets: An Uprising in the

Theory of Industry Structure", American Economic Review, March

Butlin, S.L (1968) Foundations of the Australian Monetary System

1788-1851, (MUP).

Bulow, J. and J. Shaven, (1978), "The Bankruptcy Decision" Bell

Tournai of Economics (Autumn, pp 437-456).

Committee of Inquiry into the Australian Financial System (1981),

Final Report, (Australian Government Publishing Service, Canberra).

Carew, E. (1991), Fast Yfonev 3. the Financial Markets in Australia

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(Allen & Unwin, North Sydney, 1991).

De Lucia, RD., Ferris, D.T., Peters J. and B.R. Plummer, (1990),

Commercial Bank Management: Functions and Objectives (Serendip

Publications, Wamberal, N.S.W.)

Edwards, Franklin R. (1986), "Concentration in Banking: Problem or

' Solution?" in George G. Kaufman and Roger C. Kormendi, (ed),

Deregulating Financial Services, Public Policy in Flux, (Ballinger

Publishing Company, Cambridge, Massachusetts, 1986).

Eisenbeis, Robert A. (1986), "Risk as a Criterion for Expanding

Banking Activities", in Kaufman and Kormandi, op.cit.

Fiedler, M.R.G. (1988), "Life insurance companies as financial

institutions", in Juttner and Valentine, op.cit.

Gardner, M.J. and 1\tlills, D.L. (1988), Managing Financial Institutions,

An Asset/Liability Approach, (Holt, Rinehart and Winston, New

York).

Graddy, D.B., Spencer A.H. and W.H. Brunsen, (1985), Commercial

Banking and the Financial Services Industry, (Prentice-Hall, New

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Jersey).

Guttentag, J. and R. Herring, (1982), "The Insolvency of Financial

Institutions: Assessment and Regulatory Disposition" in Paul

Wachtel, (ed) Crises in the Economic and Financial Structure

(Lexington, Toronto).

Hatch, J.H. (1988), "The Theory of contestable markets and other

recent developments", in Juttner and Valentine, op.cit.

Johnston, R.A. (1985) "Prudential Supervision of Banks", RBA

Bulletin, March, pp.571-5.

Hogan, W.P. and I.G. Sharpe, (1983), "On Prudential Controls",

Economic Papers, Special Edition, April, pp.144-65.

____ and _____ (1984), "Regulation, Risk and the Pricing of

Australian Bank Shares," Economic Record, March, 34-44.

____ and ____ (1990), "Prudential Supervision of Australian

Banks", The Economic Record, June, pp.127-145.

IBCA Banking Analysis Ltd, (1985), Seminar on Comparison of the

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Major Banking Systems (2 Eldon Street, London, EC2P2AY,

November 29, 1985).

Knox, D. (1988), "Superannuation funds as financial institutions", in

Juttner and Valentine, op.cit.

Maisel, S.J. (1981), "The Theory and Measurement of Risk and Capital

Adequacy" in S.J. Maisel (ed), Risk and Capital Adequacy in

Commercial Banks. (University of Chicago Press, Chicago, pp.1-183).

Mitnick, B. M. (1980), The Political Economy of Regulation, creating,

designing and removing regulatory forms,(Colurnbia University

Press, N.Y.).

Moore, D., Lyell, D., Wheller, D., Tongzon, J., and R. Crane, (1990),

Financial Institutions and r iarkets, (Serendip Publications, Warnberat

N.S.W.).

Sharpe, W.F. (1978), "Bank Capital Adequacy, Deposit Insurance and

Security Values", Iournal of Financial and Quantitative Analvsis

(November, pp.701-718) .

White, M.J. (1981) "Economics of Bankruptcy: Liquidation and

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Reorganisation", Working Paper No. 239 Salamon Brothers Centre for

the Study of Financial Institutions, New York University, August.

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