Deregulation of the Financial System! help! (1 Viewer)

[w05]

Ive got an assignment to write about why the government deregulated the financial system with reference to how the Reserve Bank controled the system pre deregulation and how it does after deregulation

I dont have any text books, does anyone have any of this information or know where i can get it. Ive googled my head of and cant find anything general that i understand.

 

[Airazer]

obviously haven't googled enough! go back and google some more!

 

[KungPow]

Go to the library. Get textbooks.

And yeah, obviously your googling skills "sux0rz"

 

[PeT_peT]

Basically what the govt. did for the financial deregulation was floated the Australian dollar and opened up its financial system to the outside world during 1983. Which started the financial flow between Australia and overseas countries. (financial flow = borrowing of funds etc). They role of RBA before this was to set the value of the Australian dollar regularly. As you may have known we had a managed exchange rate system prior to 1983. What the RBA does now is to maintain the stability of the dollar instead of controlling the dollar.