Risk and the Transformation of the Australian Financial System
نویسندگان
چکیده
Financial systems in many countries have experienced tremendous growth and structural change over recent decades. Associated with this have been signifi cant changes in the balance sheets of both households and businesses. While many of the developments have been common across countries, there are some areas in which the changes in Australia have been particularly pronounced. This paper documents the main changes in the balance sheets of households, businesses and fi nancial institutions in Australia and discusses some of the policy issues that arise from these changes.
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