Australia’s four largest banks can be considered domestically systemic. They make up the lion’s share of the banking system, use similar business models, and are interconnected. The top four banks are relatively similar in terms of systemic importance, partly reflecting the...

This 2013 Article IV Consultation highlights that the Australian economy has performed well relative to many other advanced economies since the global financial crisis. A transition phase has now been reached as the terms of trade-driven mining investment boom of the past decade has peaked, and...

This paper reviews developments in the Australian economy during 1994–95. In 1994/95, real GDP grew by 41⁄2 percent as growth in domestic demand accelerated sharply, rising by 63⁄4 percent, despite the impact of a severe drought on farm output. Business investment increased by 171⁄2...