Editor's Note: It is a policy of this Journal to present occasional articles on subjects of significant interest in management research or applications. The following paper has been commissioned as a contribution to the series. The paper discusses the topic of monetary targeting, a major issue...

Corporate failures and consequent default on obligations have, in some circumstances, led to significant losses for employees with accumulated unpaid leave entitlements. The Australian government responded initially to this problem by implementing a government-funded compensation scheme....

This paper examines the impact of recent changes in the prudential regulation of non-bank financial institutions in Australia, with a particular focus upon the implications for coöperative financial institutions, such as credit unions. Such institutions are unable to raise external capital to...