When using a cryptocurrency, you interact with a system like the blockchain, an online ledger that records transactions, directly. Bitcoin, is an examples of this.
A digital Australian dollar could remove the role of middlemen and creates a cheaper electronic currency system, while at the same time enabling the government to fully regulate the system.
The new A$10 banknote, part of a series. The next new banknote to be released will be the A$50, planned for 2018.
Reserve Bank of Australia
The new series of Australian banknotes are not a designer's dream but they are the strongest yet in terms of preventing counterfeiting.
APRA’s independent inquiry panel member, John Laker, who is also chairman of the Banking Finance Oath initiative, will be one of the ones holding the CBA to account.
One scandal at the CBA stands out above all others, It set the scene for how the CBA board would handle future scandals, that is to obfuscate, prevaricate and litigate.
Employment rose in July, with 27,900 jobs created.
The Reserve Bank of Australia is stuck, according to the economic evidence, it has to raise rates but it also should cut.
With slow wages growth it is hard for household to “delever” themselves.
The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
The RBA found Australians are increasingly using cards instead of cash for in-person payments.
ATMs will need to evolve to remain relevant, perhaps taking on other services entirely.
Despite what RBA chief Philip Lowe says, asking for a pay rise isn’t so simple for many employees.
Building negotiating power is crucial for anyone looking to ask for a pay rise. But for those who can't, perhaps it's the employers' responsibility to ensure fair compensation.
Is the Australian economy ‘the little engine that could’?
Some seem to think the RBA is bullish on growth, but reading between the lines it seems to be hedging.
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
Australia’s central bank says labour market conditions have been weaker than expected.
Wages are sluggish, underemployment seems stubbornly high, and there is a continued push to part-time rather than full-time employment.
The Conversation/Emil Jeyaratnam
Millie, aged 5, wants to know where money comes from. We asked an economist to explain.
APRA chairman Wayne Byres is leading a crackdown on interest-only loans, but it may not be enough to cool some parts of the housing market.
Negative gearing plus inadequate supply plus low wage growth equals financial distress.
Australian business confidence is falling, amid concerning signs from other economic indicators.
Australia's economic indicators are showing worrying signs, with business confidence falling in the face of continued low interest rates.
Australia and Poland could adopt similar policies to protect against economic shocks from China and the EU, respectively.
Business Briefing: what Australia can learn from a Polish economist.
The Conversation 20.1 MB (download)
Visiting Professor Andrzej Rzonca from the Warsaw School of Economics is in Australia to talk about growth, the European Union, Brexit and much more.
There could be less reasons to celebrate this Melbourne Cup day.
Inflation has been stubbornly low in Australia, and the RBA remains concerned about a high Australian dollar.
Mortgage tracker rates follow the cash rate.
Business Briefing: rate tracker mortgages.
The Conversation 16.3 MB (download)
Rate tracker mortgages could provide some certainty for customers and increase trust in the banking sector.
ANZ has already struck a deal with Apple for its contactless payment system but now four other banks are arguing the company is making competition difficult.
The competition in Australia's contactless payment industry is heating up as Apple Pay sets up in Australia. However some banks claim the company is making the system less competitive.
Australian Treasurer Scott Morrison says interest rate cuts are a ‘matter for the RBA,’ but he doesn’t want them to fall any lower.
While Australia faces its greatest economic challenges in a generation, we are still waiting for the greatest economic reformers in a generation to arrive.
The World Economic Outlook from the IMF released this week downgraded growth for many countries.
Interest rates remain unchanged in Australia this week, reflecting an economic holding pattern around the world, as the US presidential election carries on.
Persistent low growth shows fiscal and monetary policy aren’t working.
In the battle against slow economic growth, perhaps the government and Reserve Bank should try doing nothing and let the economy restore itself.