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| Mark Crosby |
Interview | Mark Crosby | ABC 612 Brisbane | 3 November 2010
Madonna King says Treasurer Wayne Swan has promised reform for banks but it is too late for yesterday's increase by the Commonwealth Bank. She says Westpac has just reported an 84% jump in profit. Interview with Mark Crosby, Associate Dean, Melbourne Business School, Melbourne University. Crosby says he doesn't think new regulations are desirable in Australia as the current ones are good. He says the public perception that banks are taking us for a ride is unfounded. Crosby says some of Joe Hockey's suggestions were reasonable. He says the issue is more politics than economics. Crosby says banks are more regulated than in the US. He says he expects the other banks to follow the Commonwealth Bank and increase their rates. Crosby says share holders are not gouging everyone else.
Article | Mark Crosby | Australian Financial Review | 10 November 2010
FORGET THIS GOLDEN OPPORTUNITY, AFR, pg 21
Robert Zoellick, president of the World Bank, recently suggested a possible return to an international gold standard for currency. However, there are numerous theoretical and practical arguments against such a move, and central banks such as the Reserve Bank of Australia have demonstrated that there are better ways to control inflation and international accounts.
Source: MBS Media Coverage
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