Australia's Money Mandarins The Reserve Bank and the Politics of Money [Paperback]

Australia's Money Mandarins, first published in 1994, tells the story of the Reserve Bank of Australia since the early 1980s.Australia's Money Mandarins lets the key players speak for themselves and tells the story of monetary policy and the political role of the Reserve Bank of Australia over the past two decades. It discusses how the bank has been used as a 'political football', describes the conflicts with the government and the Department of Treasury, and how the bank got used to the rough and tumble of politics and managed to assert a level of independence in the 1990s.Australia's Money Mandarins lets the key players speak for themselves and tells the story of monetary policy and the political role of the Reserve Bank of Australia over the past two decades. It discusses how the bank has been used as a 'political football', describes the conflicts with the government and the Department of Treasury, and how the bank got used to the rough and tumble of politics and managed to assert a level of independence in the 1990s.The Reserve Bank of Australia (RBA) led a fairly conservative existence until the early 1980s when the economy experienced waves of financial market deregulation and general economic liberalization. This book tells the story of monetary policy and the political role of the Reserve Bank over the past two decades. It reveals how the bank has been used as a political football , describes conflicts with the government and the Department of Treasury, and how the bank finally adjusted to political turmoil and managed to assert a level of independence in the 1990s.1. Slowly building the Reserve Bank; 2. Into the monetary policy wilderness; 3. Snapping the stick of inflation; 4. A measure of peace? Monetary policy in the 1990s; 5. Towards RBA independence; 6. RBA independence - why?; 7. Should the RBA be independent?; 8. Internal governance and the board; 9. New challenges in a world of asset inflation.'This is a scholarly and meticulously researched book ls2