Regulating a Revolution: A New Regulatory Model for Digital Finance. This project aims to draw on regulatory developments abroad to develop an innovative, proportional, incremental regulatory regime for Australian digital financial services (DFS). DFS are set to grow rapidly in Australia, just as they have overseas. An effective and appropriate regulatory regime should result in a more competitive and efficient payments system that will lift productivity and economic growth. The project also int ....Regulating a Revolution: A New Regulatory Model for Digital Finance. This project aims to draw on regulatory developments abroad to develop an innovative, proportional, incremental regulatory regime for Australian digital financial services (DFS). DFS are set to grow rapidly in Australia, just as they have overseas. An effective and appropriate regulatory regime should result in a more competitive and efficient payments system that will lift productivity and economic growth. The project also intends to analyse and resolve regulatory roadblocks to the growth of DFS in developing countries to promote financial inclusion and economic growth, and thereby reduce poverty, in such countries.Read moreRead less
Debt-for-development Exchanges as a Means to Enhance the Security of Australia and the Region. When Australia currently cancels debts owed to it by poor countries it has little control over how the money saved will be spent. Debt-for-development exchanges offer Australia this control while preserving the sovereignty of the recipient countries. Yet Australia has never undertaken an exchange.
Seven other nations have used this technique effectively to achieve developmental ends. We will analy ....Debt-for-development Exchanges as a Means to Enhance the Security of Australia and the Region. When Australia currently cancels debts owed to it by poor countries it has little control over how the money saved will be spent. Debt-for-development exchanges offer Australia this control while preserving the sovereignty of the recipient countries. Yet Australia has never undertaken an exchange.
Seven other nations have used this technique effectively to achieve developmental ends. We will analyse their experiences to provide a road map for Australia to use this technique to achieve security-enhancing and developmental outcomes.
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Systemic responses to global financial instability: new thinking and measures by which Australia can address the challenges of globalised capital. This project explores and models new systemic responses Australia, our region and the world could adopt to counter the instability generated by globalised capital. These include a financial transactions tax, financial activity tax, levies on bank balance sheets and other new responses to too-big-to-fail problems.