An application of the Gurley and Shaw Theory to the deregulation of the Australian banking sector

McCarthy, Stephen Neil. (1986). An application of the Gurley and Shaw Theory to the deregulation of the Australian banking sector Honours Thesis, School of Economics, The University of Queensland.

       
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Author McCarthy, Stephen Neil.
Thesis Title An application of the Gurley and Shaw Theory to the deregulation of the Australian banking sector
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1986
Thesis type Honours Thesis
Total pages 84
Language eng
Subjects 1402 Applied Economics
Formatted abstract This paper examines the contention raised by tow pioneering economists, John Gurley and Edward Shaw, than back expansion takes place at the expense of the Non-Bank Financial Intermediaries(NBFI). The impetus for the expansion of the Australian banking sector has followed from the recent Commonwealth Government moves towards deregulating the financial markets. After examining the removal of restrictive banking regulations and the credibility of the efficiency arguments proposed in favour of deregulation, a number of key predictions will be established to test the application of Gurley and Shaw’s theory to the Australian banking sector. The predictions are analized and found to hold true for the Australian case study. Following the removal of restrictive monetary controls over the banking sector, banks have expanded at the expense of the NBFI.

 
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