banks - Economics Students Society of Australia

banks

A collection of 3 posts

Pillars or Pillows?

Australia's economy: then and now

Pillars or Pillows?

Chances are you’ve heard of Australia’s ‘four pillars’ policy, which absolutely prohibits the big four banks (‘pillars’) from merging with each other. This year, the policy turns 25. Has it served Australia well? A brief history The four pillars policy actually began life in 1990 as the six

Editors’ Picks — 24th May 2015

This week in economic news, a number of global banks have plead guilty to criminal charges, paranoia builds in regard to the housing bubble, Joe Hockey endorses a land tax and the relevance of mathematics to macroeconomic theory is questioned. How ‘Mathiness’ Made Me Jaded About Economics — Noah Smith Noah

Debunking of Iceland’s Economic Recovery

Debunking of Iceland’s Economic Recovery

If we remember back to the days of the global financial crisis, one of the earliest and hardest hit countries in the European area was Iceland. Iceland was also the only country which made the fateful decision to not bailout the three largest banks in their country. This was not