House of Representatives Committees

Standing Committee on Economics, Finance and Public Administration

Committee activities (inquiries and reports)

Review of the Reserve Bank of Australia annual report 1996-97

Final Report

The Committee tabled its report Review of the Reserve Bank of Australia annual report 1996-97 on 22 June 1998. Copies of the full report are available in PDF format (80KB) and from the Committee Secretariat.

(To view or print the PDF document, you will require the Acrobat PDF Reader, which can be downloaded free of charge from Adobe)

Table of contents of report

FOREWORD

MEMBERS OF THE COMMITTEE

TERMS OF REFERENCE

ACRONYMS AND ABBREVIATIONS

CHAPTER ONE: INTRODUCTION

Background
Scope and conduct of the review
CHAPTER TWO: CONDUCT OF MONETARY POLICY AND SURVEILLANCE OF THE FINANCIAL SYSTEM

Conduct of monetary policy
Review of November 1997 expectations
Prospects for 1998
Asia and the rest of the world
Impact of the Asian crisis on Australia
How Australia has coped?
Labour costs
Surveillance of the financial system
Implementation of the Wallis reforms
Payments system
Bank supervision
"Year 2000 problem"
Commercial operations
Central bank cooperation
MINORITY REPORT FROM MR G WILTON MP AND MR M LATHAM MP

APPENDIX 1: LIST OF SUBMISSIONS

  1. Reserve Bank of Australia (Small business lending) A copy of this submission was included in the RBA's Bulletin October 1997. (PDF format)
  2. Reserve Bank of Australia (Aspects of small business finance). The updated text of the submission was included in the RBA's Semi-annual statement on monetary policy, May 1998, pages 34-36. (PDF format)
  3. Reserve Bank of Australia (Executive earnings and their contribution to aggregate wages growth)
  4. Reserve Bank of Australia
  5. Reserve Bank of Australia


APPENDIX 2: LIST OF HEARINGS AND WITNESSES ( A copy of the public hearing transcript for the 7 May 1998 is available in PDF format or from the Committee Secretariat)

Private Briefings

COMMITTEE'S REVIEWS OF ANNUAL REPORTS

38th Parliament
37th Parliament

LIST OF TABLES

Table 2.1: Reserve Bank of Australia: Monetary policy changes
Table 2.2: Small business indicator rates
Table 2.3: Number of executives
Table 2.4: Executive salaries contributions to aggregate wages growth

Media releases

The following media releases were issued during the course of the inquiry:

Speeches

Interim report

The interim report canvassed issues covered at the public hearing on 6 November 1997. The report was tabled in the House of Representatives on 23 March 1998. An index to the report is available on this site. Copies of the report are available in PDF format or from the Committee Secretariat.

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