ESA National Economic Panel Polls
Banking Royal Commission and the Credit Crunch - October 2018
Proposition 1: "There is a significant risk that, either as a result of the findings and recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry or as a result of the financial institutions' response to those findings, credit will become less readily available to Australian households or businesses."
Proposition 2: "Assuming credit becomes less readily available to Australian households or businesses, this will in turn have adverse consequences for the performance of the Australian economy."
Collaborator credits: we would like to thank Saul Eslake and Rod Maddock for their assistance in framing this poll question and expert overviews of the results.
- Patrick Hatch & Eryk Bagshaw (The Age, 1/10/18) 'House prices have biggest drop since GFC amid warnings of credit crunch'
- John Kehoe (AFR, 1/1018) 'RBA, Treasury warn regulatory response to Hayne commission risks credit crunch'
- Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry - Interim Report
Overview of poll results by Saul Eslake
This month’s ESA Monash poll was prompted by the Interim Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the ‘Banking Royal Commission’) which was released at the end of September.
Overview of poll results by Professor Rodney Maddock
The most recent Economic Society survey of leading Australian economists throws up some important challenges to financial market commentary.