Finance, Banking, Monetary Systems


Research into why a sound financial and monetary system is critical for economic prosperity continues to be an ongoing project at the CIS.


  1. Submission to the National Commission of Audit

    Alexander Philipatos, Jennifer Buckingham, Jeremy Sammut, Robert Carling, Simon Cowan, Stephen Kirchner, Trisha Jha | 01 Apr 2014 | TARGET30 Papers

    The federal government’s Commission of Audit (CoA) was established in 2013 to review the performance and role of government.... Read More...

  2. TARGET30: Reducing the burden for future generations

    David Murray AO, Maurice Newman, Simon Cowan | 01 Jul 2013 | Policy Forum

    TARGET30 is a campaign promoting smaller government and cutting government spending to less than 30% of GDP in the next 10... Read More...

  3. Australia’s Future Fiscal Shock

    Robert Carling | 28 Sep 2012 | Issue Analysis

    Government is facing the arduous task of securing sustainable expenditure, revenue and debt beyond the current four-year... Read More...

  4. Regulation or Strangulation? Banking After the Global Financial Crisis

    Ian Harper, Robert Carling | 12 Jun 2012 | Policy Forum

    Inadequate regulation of finance has taken much of the blame for the global financial crisis, leading governments around... Read More...

  5. The Condensed Wealth of Nations and The Incredibly Condensed Theory of Moral Sentiments

    Eamonn Butler | 12 Jun 2012 | Occasional Papers

    In The Condensed Wealth of Nations, Eamonn Butler condenses Adam Smith’s work and explains the key concepts in The Wealth... Read More...

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Opinion & Commentary

  1. A Golden Rule for Australia’s Fiscal Spending

    Patrick Carvalho | 08 Jul 2015 | Canberra Times

    Australians seeking an answer on how to reign in the fiscal deterioration of the last decade should turn their eyes to Europe. ... Read More

  2. ASIC new funding model is backdoor taxation

    Patrick Carvalho | 05 Jun 2015 | Independent Financial Advisor

    The sugar-coated proposal to directly charge an industry — as if everyday Australians would be spared any cost — is misguided ... Read More

  3. A market-oriented solution for the too-big-to-fail problem

    Patrick Carvalho | 01 Jun 2015 | Business Spectator

    The Australian financial watchdog should embrace the new ERN convertible bonds, allowing banks to use these novel convertible ... Read More

  4. Work for the dole encore: will it work?

    Patrick Carvalho | 30 May 2015 | Canberra Times

    The National Work Experience Programme plan to allow jobseekers to do a part-time month of unpaid work experience ... Read More

  5. The right to choose your own super fund

    Patrick Carvalho | 28 Apr 2015 | Investor Daily

    Contrary to Australia’s democratic values, a significant ratio of the country’s workers are denied the right to choose ... Read More

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  1. Reform retreat a tax-fest

    Robert Carling | 24 Jul 2015

    Paul Keating once warned, "Never stand between a state premier and a bucket of money". Rarely has the hazard been more on ...

  2. A possible market solution to appropriate bank capital levels

    Patrick Carvalho | 05 Jun 2015

    The Australian financial watchdog should embrace ERNs, allowing banks to use these novel convertible bonds to meet higher ...

  3. Taxpayers should not have to pay for parental leave twice

    Matthew Taylor | 05 Jun 2015

    If the latest opinion polls are anything to go by, Budget 2015 has done more for the government’s primary vote ...

  4. Cash rate: what, why and how?

    Patrick Carvalho | 01 May 2015

    So what exactly is the cash rate? Why is it relevant? How does it work?...

  5. Deflation is bad

    Patrick Carvalho | 24 Apr 2015

    For starters, Australia is not facing at present an imminent danger of deflation -- as a closer, less sensationalist look ...

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