The Reserve Bank, the central bank of Australia, has a significant effect on our individual lives as well as on the national and international banking system. In the process of carrying out monetary policy, the Reserve Bank influences employment, interest rates, the availability of credit, and even our standard of living. A remark by the chairman of the board of Governors of the Reserve Bank can cause public reaction and affect the stock market worldwide. (…
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showed last 75 words of 1826 total
…Financial Services Industry, 7th ed, ABA, 2001 Thomas Mayer, James S. Duesenberry, Robert Z. Aliber, Money, Banking, and the Economy, 5th edition, W. W. Norton &Company, 1993 Tom V, Guy F, Richard C, Financial Markets and Institutions in Australia, Prentice Hall, 2003 W S Weerasooria, Banking Law and the Financial System in Australia, 4th edition, Butterworths, 1996 The Reserve Bank of Australia, http://www.abs.gov.au The Hong Kong Monetary Authority, http://www.info.gov.hk