Financial Deregulation, the Demand for Money and Monetary Policy in Australia, by P.A.V. Swamy and George S. Tavlas IMF Staff Papers, Vol. 36, No. 1, March 1989

Authors

F. O. Odoko, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Financial Deregulation, Demand for Money, Monetary Policy, Australia

Abstract

The paper covers an important subject matter that is of relevance to the N"igerian economy in 'View of our recent experiences, with deregulation in general and in particular of the financial sector. The experience of the Australian financial system in the era of regulation was quite similar to the Nigerian experience. The sprouting and blossoming of finance houses in the face of strict regulation prior to policy reforms is a case in point. Thus, useful lessons can be drawn for our benefit through a thorough review of this paper. The paper examines the factors which informed the process of financial deregulation and the adoption of financial innovations in Australia, and investigates the implications of such reforms for the demand for money and monetary policy.

Author Bio

The author is a staff of the Policy Intelligence Unit, Research Department, Central bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

28

Recommended Citation

Odoko, F. O. (1990). Financial Deregulation, the Demand for Money and Monetary Policy in Australia, by P.A.V. Swamy and George S. Tavlas IMF Staff Papers, Vol. 36, No. 1, March 1989. CBN Economic and Financial Review. 28(4), 99-101.