Show simple item record

dc.contributor.authorConley, Tom
dc.date.accessioned2018-08-21T12:30:35Z
dc.date.available2018-08-21T12:30:35Z
dc.date.issued2017
dc.identifier.issn1036-1146
dc.identifier.doi10.1080/10361146.2017.1378311
dc.identifier.urihttp://hdl.handle.net/10072/356052
dc.description.abstractThis article analyses the development of residential capitalism and financialisation in Australia. It outlines the series of economic vulnerabilities developing in the financial system, centred on household debt and inflated property markets. It then analyses why policy-makers have done so little to restrict the growth of household debt and house prices. I argue that financial policy-makers have underestimated the financial vulnerabilities building up in Australia – as evidenced by the slow take-up of macroprudential policies. I outline four reasons: first, the excellent profit performance of the major banks; second, the policy predilection for idealised economic liberal regulation; third, the development of a politico-housing complex; and, finally, the growing role of household debt in ameliorating distributional conflict by underpinning growth.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherTaylor & Francis
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto17
dc.relation.ispartofjournalAustralian Journal of Political Science
dc.subject.fieldofresearchPolicy and Administration not elsewhere classified
dc.subject.fieldofresearchPolicy and Administration
dc.subject.fieldofresearchPolitical Science
dc.subject.fieldofresearchcode160599
dc.subject.fieldofresearchcode1605
dc.subject.fieldofresearchcode1606
dc.titleThe stretched rubber band: banks, houses, debt and vulnerability in Australia
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, School of Government and International Relations
gro.description.notepublicThis publication has been entered into Griffith Research Online as an Advanced Online Version.
gro.hasfulltextNo Full Text
gro.griffith.authorConley, Tom J.


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record