dc.contributor.author | Conley, Tom | |
dc.date.accessioned | 2018-08-21T12:30:35Z | |
dc.date.available | 2018-08-21T12:30:35Z | |
dc.date.issued | 2017 | |
dc.identifier.issn | 1036-1146 | |
dc.identifier.doi | 10.1080/10361146.2017.1378311 | |
dc.identifier.uri | http://hdl.handle.net/10072/356052 | |
dc.description.abstract | This 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.peerreviewed | Yes | |
dc.language | English | |
dc.language.iso | eng | |
dc.publisher | Taylor & Francis | |
dc.relation.ispartofpagefrom | 1 | |
dc.relation.ispartofpageto | 17 | |
dc.relation.ispartofjournal | Australian Journal of Political Science | |
dc.subject.fieldofresearch | Policy and Administration not elsewhere classified | |
dc.subject.fieldofresearch | Policy and Administration | |
dc.subject.fieldofresearch | Political Science | |
dc.subject.fieldofresearchcode | 160599 | |
dc.subject.fieldofresearchcode | 1605 | |
dc.subject.fieldofresearchcode | 1606 | |
dc.title | The stretched rubber band: banks, houses, debt and vulnerability in Australia | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
gro.faculty | Griffith Business School, School of Government and International Relations | |
gro.description.notepublic | This publication has been entered into Griffith Research Online as an Advanced Online Version. | |
gro.hasfulltext | No Full Text | |
gro.griffith.author | Conley, Tom J. | |