For most of its life the Reserve Bank of Australia (RBA) has led a
fairly conservative existence. However, since the early 1980s the
economy has experienced financial and market deregulation and
general economic liberalisation. The RBA has been caught up with
the turbulent policy debates that have ensued. Australia's Money
Mandarins, first published in 2004, tells the story of the RBA
since the early 1980s. It discusses how the Bank operated in the
new political environment created by deregulation and the fight
against inflation. It describes the conflicts with the government
and the Department of Treasury, and how the bank dealt with the
rough and tumble of politics and managed to assert a level of
independence in the 1990s. Including frank interviews with key
figures like Bob Johnson, Bernie Fraser, Ian Macfarlane and Paul
Keating this book will appeal to anyone with an interest in the
politics of money.
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