Economic Papers - Economic Society of Australia articles from June 2008

Economic Papers - Economic Society of Australia archives from June 2008

Financial regulation: costs, benefits and the process of regulatory change.(Report)
June 1, 2008... In principle, the process of financial regulation in a market oriented economy such as Australia seems simple. Identify problems arising from market failures, introduce suitable regulation, and achieve compliance by regulatory oversight and...

Improving the process of change in Australian financial sector regulation.(Report)
June 1, 2008... 1 Introduction The papers in this collection are concerned with the broad topic of financial regulation: its costs and benefits and the process of regulatory change. The purpose of this paper is to consider ways of improving the process of...

Implementing best practice regulation in a dynamic marketplace: consultation and accountability.(Report)
June 1, 2008... 1 Introduction Strong regulatory principles are the first step towards achieving a sound regulatory system; implementing them is the second. To date, the financial sector has been let down by the latter and there is growing frustration...

Regulation impact assessment.(Report)
June 1, 2008... 1 Introduction The purpose of this paper is to make some observations on regulation impact assessment, focusing on a critical examination of the requirements set out in the Best Practice Regulation Handbook (OBPR, 2007), referred to...

Developing a globally-competitive financial services sector: managing the tension between innovation and regulation through self-regulation.(Report)
June 1, 2008... 1 Introduction Australia's Commonwealth Government has a policy to develop and maintain the Australian financial services industry as a leader within the Asia--Pacific region. In this paper we explore how Australian Financial Services...

Measuring regulation and regulatory performance: benchmarking through key performance indicators.(Report)
June 1, 2008... 1 Introduction In line with its counterparts across the globe, the Australian Securities and Investments Commission (ASIC) faces competing pressures. Alongside constant industry derived demands to reduce the regulatory burden has come a...

Quantifying benefit estimates for prudential rule making.(Report)
June 1, 2008... 1 Introduction This paper outlines an experimental approach that APRA is developing to quantify benefit estimates for our prudential rule making. APRA's mission is to "establish and enforce prudential standards and practices designed...

Three strategies to deal with terrorism.(Report)
June 1, 2008... 1 Introduction Most people, including above all politicians but also academics, automatically identify anti-terrorist policy with deterrence. Actual or potential terrorists must be subdued by harsh measures in order to prevent them from...

The impact of terrorism on United States industries.(Report)
June 1, 2008... 1 Introduction On 11 September, 2001, the United States watched in horror as hijacked planes crashed into the New York World Trade Center. The country still seems to be learning how best to cope with terrorist risk and additional terror...

Disorder with law: a preliminary study of violence in response to water rights violation in colonial New South Wales.(Report)
June 1, 2008... 1 Introduction Violent conflict over property rights is unproductive and therefore, is considered a misallocation of resources that reduces wealth. Scholars argue this conflict occurs because property rights are inefficient (for instance:...

The Howard--Turnbull National Plan for Water Security of January 2007: rescue or rejection?(Report)
June 1, 2008... 1 Introduction Drought has had a pervasive influence on Australian agricultural policy over the last decade. Water scarcity in urban and rural areas has been at the forefront of public discussion. Governments have reacted accordingly, not...

Managing the Murray--Darling Basin: some implications for climate change policy.(Report)
June 1, 2008... 1 Introduction Among the many environmental problems facing Australia, the problems of managing the Murray--Darling Basin and of responding to climate change are notable for their complexity, intractability and for the wide range of people...

Defining and managing environmental flows: inputs from society.(Report)(Survey)
June 1, 2008... 1 Background A key driver of the water reform process that has engaged Australians over the last two decades has been the deterioration of the environmental condition of river systems across the country. The threat of extinction for the...

Some emerging issues in urban water supply and pricing.(Report)
June 1, 2008... 1 Introduction Increased pressure on the provision of water to Australian cities is anticipated from both the demand and supply sides. Projected population growth and higher real incomes will shift out the demand curve. Growing demands for...

Urban water pricing: practical perspectives and customer preferences.(Report)
June 1, 2008... 1 Introduction The design of water tariffs and the role of economic regulators in establishing 'efficient' prices continues to plague Australian policy makers. In particular, the efficacy of present pricing arrangements and their purported...