File(s) under permanent embargo
Control of the Australian life insurance industry: an example of regulatory externalities within the Australian financial sector 1870-1945
The regulatory environment in which the Australian life insurance industry operates has its antecedents in two major periods of legislative intervention. The first established the principle of ‘freedom with disclosure’ in the 1870s, which has since formed the basis of the regulatory approach. In the 1940s, the second refined the concept in the context of a general recognition of an interventionist approach to financial markets. It is suggested that regulation of the life insurance market in Australia came about not in response to problems associated with market failure but in reaction to external influences not directly related to conditions in the Australian life insurance industry. This was impacted not only on the timing of intervention but on the approach taken as well.
History
Journal
Australian economic history reviewVolume
45Issue
1Pagination
1 - 22Publisher
Blackwell Publishing Asia Pty LtdLocation
Melbourne, Vic.Publisher DOI
ISSN
0004-8992eISSN
1467-8446Language
engPublication classification
C1 Refereed article in a scholarly journal; C Journal articleCopyright notice
2005, Blackwell Publishing Asia Pty Ltd and the Economic History Society of Australia and New ZealandUsage metrics
Categories
No categories selectedLicence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC