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1301.0 - Year Book Australia, 2009–10  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/06/2010   
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Contents >> Financial system

INTRODUCTION

The financial system in Australia can be thought of as having three overlapping components. The first consists of financial enterprises (such as banks) and regulatory authorities (such as the Reserve Bank and the Australian Prudential Regulation Authority). The second consists of financial markets (e.g. 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 (e.g. banks). The interaction of these three components enables funds for investment or consumption to be made available from savings in other parts of the national or international economy.

This chapter provides a summary of the structure and activities of the three components of the Australian financial system.

This chapter contains the article The Global Financial Crisis and its impact on Australia.







This section contains the following subsection :
      Regulatory framework
      Inter-sectoral financial flows
      Financial enterprises
      Financial markets
      Managed funds
      Lending by financial institutions
      Money and the payments system
      The Global Financial Crisis and its impact on Australia (Article)
      Financial system Bibliography

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