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Introduction

1 Sep 1992 RDP 9209
Adrian Blundell-Wignall, Frank Browne, Stefano Cavaglia and Alison Tarditi
Early innovation in financial markets was motivated in part by the large incentives to circumvent official regulations. ... that individuals with access to perfect capital markets can borrow or lend at the same interest rate to smooth consumption over
https://www.rba.gov.au/publications/rdp/1992/9209/introduction.html

Conclusions

1 Sep 1992 RDP 9209
Adrian Blundell-Wignall, Frank Browne, Stefano Cavaglia and Alison Tarditi
The favourite candidate for explaining this phenomenon is the combined and reinforcing effects of financial liberalisation (the progressive lessening of the extent and intensity of official regulations in both national and ... Household demand will
https://www.rba.gov.au/publications/rdp/1992/9209/conclusions.html