Regulatory Failure and the Global Financial Crisis
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Regulatory Failure and the Global Financial Crisis

An Australian Perspective

Edited by Mohamed Ariff, John H. Farrar and Ahmed M. Khalid

This fascinating book presents a lively discussion of key issues resulting from the recent financial crisis. The expert contributors explore why the global financial crisis occurred, how it destroyed wealth, triggered mass unemployment and created an unprecedented loss of control on employment, monetary policy and government budgets.
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Chapter 10: Balancing National and International Interests

Wayne Byres

Extract

10. Balancing national and international interests Wayne Byres 10.1 INTRODUCTION Readers may be familiar with the work of Ross Gittins, who writes on matters of economic interest for the Sydney Morning Herald. The following is quoted from one of R...

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