Extractions: Youth Audio and Transcripts BROADCAST: 13/11/2002 Those farmers who do manage to survive this drought may be happy to hear that their prospects of exporting into the giant US market could be improving. The US trade representative Bob Zoellick arrives in Australia tomorrow and he may be bearing big news. Tony Jones talks to Trade Minister Mark Vaile. [ AUDIO, TRANSCRIPT BROADCAST: 05/11/2002 Federal Cabinet today moved a step closer to a major overhaul of the nation's water policies. Irrigation could be cut and water rights suspended, but Prime Minister John Howard promised that farmers would be compensated. Saving farms and restoring rivers is going to cost a lot of money. As Steve Letts reports, the cost could run into the tens of billions of dollars. [ AUDIO, TRANSCRIPT BROADCAST: 03/09/2002 A rise in interest rates this month looks remote, after the release of the national accounts figures today. The accounts show Australia's economic growth rate has began to slow, with annual growth in the June quarter dropping below 4 per cent for the first time in nine months. [ AUDIO, TRANSCRIPT
RBARDP1999-05 Trends In The Australian Banking System Trends in the australian banking System Implications for Financial System Stabilityand Monetary of the links between the real sector of the economy and the http://www.rba.gov.au/PublicationsAndResearch/RDP/RDP1999-05.html
Extractions: This paper examines the consequences of branch banking for the Australian economy. There is little evidence to show that branching increased the stability of Australian banking. In 1893 Australia suffered the worst panic ever in a branch banking country. During the crisis, more extensively branched banks were more likely to suspend payments. However, it is shown that branching increased the provision of banking services to rural areas. This occurred because branch banks could reallocate capital from urban to rural regions at low cost, whereas unit banks typically had to raise all their capital and issue all of their loans locally. Publisher Info Paper provided by Department of Economics, Royal Holloway University of London
Extractions: Financial Planning Superannuation ... Glossary Small Business is a significant component of the Australian economy... For your business to thrive and survive, you need easy access to affordable and flexible finance. As business professionals, Count Wealth Accountants advisers will work with you to understand your existing and future financing needs to unlock the potential of your business. We will then set about finding a leading-edge competitive solution for you. Would you like to be free of the hassle of dealing directly with your bank, save money and avoid costly time away from your business? If so we can - Make time to contact your nearest Count Wealth Accountants adviser today.
Extractions: The financial system in Australia can be thought of as having three overlapping components. The first component consists of financial enterprises (such as banks) and regulatory authorities, the Reserve Bank and the Australian Prudential Regulation Authority. The second consists of financial markets (for example, the bond market) and their participants (issuers such as governments, and investors such as superannuation funds). The third is the payments system-that is, the cash, cheque and electronic means by which payments are effected-and its participants (for example, banks). The interaction of these components enables funds for investment or consumption to be made available from savings in other parts of the national or international economy. The banking system comprise the Reserve Bank of Australia and 48 banks. Of these, 28 are foreign-owned, the 122 branches of which are not subject to the depositor provisions of the Banking Act 1959. Banks from the US, the UK, New Zealand, France, China, Germany, Japan, Jordan, the Netherlands, Hong Kong and Singapore operate in Australia. Foreign banks can apply for an Australian banking authority either as subsidiaries or as branches.
Extractions: Melbourne Good morning ladies and gentleman, and thank you for inviting me to speak at the finalists' breakfast for this year's Australian Banking and Finance Awards. changing financial services industry. And it is the theme of financial sector change Because at the end of the day it is consumers who count. It is consumers who choose your products, it is consumer who make and break your industry and, and as such, it is consumers who, if not embracing financial change, then must at least understand what is happening and, what is in it for them. For my Government, a commitment to consumers is absolutely crucial. It is a commitment to giving consumers more choice, better products and services and lower prices. In other words, it is a commitment to consumer empowerment and a commitment to consumer sovereignty. And for the consumers of banking and finance products there has been plenty of recent change with which to grapple.
Axiss Australia - Financial Markets increased on average by 5 per cent per annum, compared to an annual average increaseof 1.6 per cent for the wider economy. APRA, australian banking Statistics. http://www.axiss.com.au/content/attractions/financial_markets.asp
Extractions: Well established financial sector During the year 2001-2002 the finance and insurance sector contributed around $A46 billion to the Australian economy or 7.2 per cent to Australia's GDP. This is more than twice that of the agricultural sector (3.5%) and around 40% greater than the mining sector (5.0%) - two sectors that have traditionally been strong contributors to Australia's economic wellbeing. Graph: Australia's GDP Financial services is one of the fastest growing sectors of the Australian economy. Between 1986-87 and 2000-01, the financial sector recorded average annual growth of 5.2%. This was the third fastest rate of industry growth, and well above the rate of growth for the economy itself (3.6%). Graph: Graph GDP Growth By Industry Liquid and sophisticated financial markets State-of-the-art market infrastructure and a sound regulatory regime have contributed to the development of the financial sector and have facilitated the growth of liquid and efficient markets in a broad range of products.
Extractions: No 01#1 in Royal Holloway University of London Discussion Papers in Economics from Department of Economics, Royal Holloway University of London Andrew Seltzer email@example.com Abstract: This paper examines the consequences of branch banking for the Australian economy. There is little evidence to show that branching increased the stability of Australian banking. In 1893 Australia suffered the worst panic ever in a branch banking country. During the crisis, more extensively branched banks were more likely to suspend payments. However, it is shown that branching increased the provision of banking services to rural areas. This occurred because branch banks could reallocate capital from urban to rural regions at low cost, whereas unit banks typically had to raise all their capital and issue all of their loans locally. View list of references Downloads:
Extractions: Merrill Lynch Sees Robust Growth for Australian Economy 12 October 1999 Australian Investment, Corporate Profits to benefit from growing economy, Merill says. NEW YORK, Oct. 12 - In comments delivered today, Merrill Lynch said Australia has entered an unprecedented period of economic growth, with one of the highest gross-domestic-product (GDP) growth rates in the world. "January 2000 will not only usher in the new millennium, but also Australias longest postwar economic expansion," Peter Osborne, director and senior economist with Merrill Lynch Australia, told conference attendees. "Nor is there any end in sight: inflation is low and stable, and interest rates are low in both nominal and real terms. Australias fiscal position is strong and the banking system is extremely healthy." Interest Rates Merrill Lynch believes the monetary policy bias is shifting quickly in Australia. The firm has recently changed its expected increase in official interest rates from 50 basis points (bp) to 75bp over the next nine months. Among the factors that may prompt tighter domestic monetary settings are: improving momentum in world growth and bias towards tighter global monetary conditions, sustained strong domestic growth, rising inflation expectations, buoyancy in credit growth and asset prices, and the move to easier fiscal policy next year when monetary conditions are already accommodative.
Extractions: Click here to start Issues Summary Not an IT Issue - An Economic Structural Adjustment and Business Strategy Issue Transaction Costs as a Major Input Cost to Production Transaction Costs are Driven by Information Costs ... International Cooperation Author: Paul Email: firstname.lastname@example.org Home Page: http://www.noie.gov.au Download presentation source
Extractions: E-Commerce and the National Interest Click here to start E-Commerce and the National Interest Not an IT Issue - An Economic Structural Adjustment and Business Strategy Issue Transaction Costs as a Major Input Cost to Production Transaction Costs are Driven by Information Costs ... Where do I find this speech? Author: Paul Email: email@example.com Home Page: www.noie.gov.au Download presentation source
Australian Bankers' Association Article 2% of the australian workforce one in every fifty workers is employed by a bankmaking the banking sector one of the largest employers in the economy and a http://www.bankers.asn.au/ABA/adminpages/AdminViewAnArticle.asp?ArticleID=46
Australian Bankers' Association Article All australians benefit from a successful banking sector, not just the 17 Profitablebanks contribute to the australian economy and are essential for the http://www.bankers.asn.au/ABA/adminpages/AdminViewAnArticle.asp?ArticleID=84