Report
The Committee tabled its report International financial markets: friends
or foes? on 26 March 2001. Copies of sections of the report in PDF
follow as well as a copy of the full report as a
PDF document (345KB). Hardcopies of the full report are available
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.®)
List of recommendations
Government response: September 2001 (PDF 1323KB)
Table of contents of report: International financial markets:
friends or foes?
FRONT SECTION (PDF format 38KB)
(This document contains the sections of the report from the Foreword to
the List of recommendations)
FOREWORD
MEMBERSHIP OF THE COMMITTEE
LIST OF ABBREVIATIONS
- CHAPTER 1
Introduction (PDF format 14KB)
- Background
- Scope of the inquiry
- Conduct of the inquiry
- Structure of the report
- CHAPTER 2
Asian financial crisis (PDF format 66KB)
Background to the crisis
- The spread of the crisis
- Australia's experience
- Recovery from the crisis
- Capital controls
- Action required
- CHAPTER 3
Effects of the globalisation of international financial markets on
economic policy (PDF format 65KB)
Dealing with global financial markets
- Effects on monetary and fiscal policies
- Monetary policy
- Fiscal policy
- Policy performance
- Shared currency
- Strategies against market volatility
- Electronic commerce and transfer pricing
- Australia as a regional finance centre
- CHAPTER 4
Transparency and information requirements (PDF format 53KB)
Australia's self assessment
- International opinion
- Disclosure by private market participants
- Information provided by governments
- The availability of data
- International standards
- Conclusion
- CHAPTER 5
International financial architecture (PDF format 53KB)
Present structure
- Reforming the system
- Criticism of IMF policies
- Moral hazard
- Progress in reforming the international financial architecture
- Conclusion
- CHAPTER 6
Role of hedge funds (highly leveraged institutions) (PDF format 47KB)
Nature of hedge funds
- The problems with hedge funds
- Australia's experience with hedge funds
- Action required
- CHAPTER 7
Derivatives (PDF format 54KB)
Definition of derivatives
- Difficulties with derivatives
- Size of the derivatives market
- Hedging and speculating with derivatives
- Hedging
- Speculating
- Conclusions
APPENDIX A - LIST OF SUBMISSIONS (PDF
format 9KB)
APPENDIX B - LIST OF EXHIBITS (PDF format
11KB)
APPENDIX C - LIST OF HEARINGS AND WITNESSES
(PDF format 10KB)
APPENDIX D - ROUND TABLE CONFERENCE WITH
MEMBERS OF THE FINANCIAL COMMUNITY (PDF format 10KB)
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