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.
Publications
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Shooting the Messenger: The Ban on Short Selling
| 01 Feb 2010 | Policy ForumIn September 2008, governments around the world instituted bans on the short sale of equity securities. In Australia, the... Read More...
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Fiscal Fallacies : The Failure of Activist Fiscal Policy
| 14 Oct 2009 | Policy ForumEditor, Stephen Kirchner ; Contributors, John B Taylor ; Tony Makin ; Robert Carling The global financial crisis that emerged... Read More...
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The Folly of Criminalising Cartels
| 03 Jun 2009 | Issue AnalysisThe government should reconsider the introduction of criminal penalties for cartelisation. The federal government proposes... Read More...
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Bubble Poppers: Monetary Policy and the Myth of ‘Bubbles’ in Asset Prices
| 10 Mar 2009 | Policy MonographsThe monograph considers some of the practical problems that are likely to be encountered in implementing an activist approach... Read More...
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FEATURE: Blaming greenspan: Monetary policy, the housing 'bubble' and the credit crisis
| 03 Mar 2009 | POLICY MagazineMonetary policy alone cannot explain the US housing or financial crisis. In the context of globally integrated capital markets,... Read More...
Opinion & Commentary
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Grave euro doubts remain
| 19 Aug 2010 | Business SpectatorExperts have now shifted their attention to the US dollar. However, this does not mean that the euro is off the hook, says ... Read More
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Bond market vigilantes should also weigh the risks of continued inactivity
| 13 Apr 2010 | The Age BusinessStagnation could be worse than a fiscal crisis.... Read More
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Benefits grow in monthly CPI data
| 01 Mar 2010 | Canberra TimesAustralia should adopt a monthly consumer price index.... Read More
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Imbalances essential to global economic system
| 22 Jan 2010 | The AustralianThe federal Treasury’s David Gruen recently told a conference at the University of Western Australia that global imbalances ... Read More
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Economic policy must re-earn our respect
| 20 Jan 2010 | Business SpectatorPolicymakers sacrificed a lot of their credibility due to their responses to the global financial crisis and this can be ... Read More

