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Is It Possible that an Independent Central Bank Is Impossible? The Case of the Australian Notes Issue Board, 1920-1924

Citation

Coleman, WO, Is It Possible that an Independent Central Bank Is Impossible? The Case of the Australian Notes Issue Board, 1920-1924, Journal of Money, Credit and Banking, 33, (3) pp. 729-748. ISSN 0022-2879 (2001) [Refereed Article]

DOI: doi:10.2307/2673891

Abstract

The history of the Australian Notes Issue Board over the period 1920-1924 is presented. It is shown that the Board was created as a genuinely independent monetary authority, but was soon abolished, as its policies antagonised interests upon which the government depended. The episode illustrates the thesis that the possibility of a genuinely independent monetary authority is problematic.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied Economics
Research Field:Economic History
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Fiscal Policy
Author:Coleman, WO (Dr William Coleman)
ID Code:23572
Year Published:2001
Web of Science® Times Cited:2
Deposited By:Economics and Finance
Deposited On:2001-08-01
Last Modified:2002-05-10
Downloads:0

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