George Fane's Web Page

My book on: Capital Mobility, Exchange Rates and Economic Crises was published by Edward Elgar in November 2000 both in hard copy and as an e-Book. In early 2003, it was published as a paperback. The contents are listed below. Chapters 3 and 5 can be downloaded for free.

1. Introduction

2. Capital controls and exchange controls

3. Capital controls and crisis prevention: four case studies (Taiwan, Malaysia, Chile, Korea)

4. First- and second- best arguments for capital controls

5. Speculative crises, default and contagion

6. Banks, moral hazard and prudential regulations

7. Monetary and exchange rate policies

8. The credibility of monetary and exchange rate policies

9. Reforming the international financial architecture

Trade Policy in the Asia-Pacific Region:
'Trade Liberalization in the Asia-Pacific Region', chapter 12 in Amnon Levy-Livermore (ed.), Handbook on the Globalization of the World Economy. Cheltenham, UK and Northampton, MA: Edward Elgar, 1998.

'APEC: Regionalism, Globalism, or Obfuscation?', Agenda, 2, 1995, 399-410.

'APEC: Double-talk, but no teeth', Seminar paper, Monash University, March 1997.

‘Reinventing ASEAN: A Review Article’, Bulletin of Indonesian Economic Studies, 38, No 3 (December), 2002, 393–402.

Trade policy in Indonesia:
'Trade reform in Indonesia, 1987-1995', jointly with T. Condon, Bulletin of Indonesian Economic Studies, December 1996.

'Appendix to trade reform in Indonesia, 1987-1995'.

'Effective Protection in Indonesia in 1987', jointly with C. Phillips, Bulletin of Indonesian Economic Studies, April 1991, pp.105-125.

'The 1994 GATT Trade Policy Review Mechanism Report on Indonesia', The World Economy, 1996.

Indonesian economic development:
‘Change and Continuity in Indonesia’s New Fiscal Decentralisation Arrangements’, Bulletin of Indonesian Economic Studies, forthcoming August 2003.

'Survey of recent economic developments', Bulletin of Indonesian Economic Studies, April 2000.

'Brief summary of recent economic developments in Indonesia', APEC Economies Newsletter, Vol 4, No.4, April 2000.

'Indonesian Economic Policies and Performance', The World Economy, 22 (no.5, July 1999), pp. 651-668.

'Deregulation in Indonesia: Two Steps Forward, One Step Back', Agenda, 3, pp.341-350, 1996.

'The sequencing of economic deregulation in Indonesia', Chapter 6 (pp.101-117) in R. McLeod, ed., Indonesia Assessment 1994: Finance as a Key Sector in Indonesia's Development, Singapore: Institute for Southeast Asian Studies. 1994.

'Survey of Recent Economic Developments', Bulletin of Indonesian Economic Studies, 30, April 1994, 3-38.

'Market Access and the Regulatory Environment for Future Interaction: An Australian Perspective', 203-218, in Expanding Horizons: Australia and Indonesia into the 21st Century, East Asia Analytical Unit, Department of Foreign Affairs and Trade, AGPS, Canberra, 1994. Translated as `Akses Pasar Indonesia dan Iklim Regulasi Bagi Perdagangan dan Penanaman Modal di Masa Depan: Dari Perspektif Australia', 257-277 in Melebarkan Cakrawala. Australia dan Indonesia Menuju Abad ke-21. Jakarta: Pustaka Sinar Harapan, 1994.

Deregulation and economic reform:
'The Gains from Exchange Rate Unification in Bangladesh', jointly with Helal Ahammad, Economic Modelling, 2000, 17, 91-106.

'Georgia's Economic Collapse, 1991-1994: The Role of State Orders and Hyperinflation', jointly with J. Nash, Journal of Policy Reform, vol.2, pp.246-67, 1998.

'Deregulation in Indonesia: Two Steps Forward, One Step Back', Agenda, 3, pp.341-350, 1996.

'International Trade Policy and Budgetary Revenue in the Transition', Chapter 10 (pp.173-187) in Z. Bogetic and A.L. Hillman eds. Financing Government in the Transition: Bulgaria, World Bank Regional and Sectoral Service, World Bank, Washington D.C., 1995.

'Economic reform and deregulation in Australia' Chapter 12 (pp.224-256) in H. Soesastro and T. McDonald eds., Indonesia-Australia Relations: Diverse Cultures, Converging Interests, Centre for Strategic and International Studies, Jakarta, 1995.

Monetary policy, banking policy, prudential regulation and foreign debt:

‘Banking Collapse and Restructuring in Indonesia, 1997–2001’, jointly with Ross McLeod, Cato Journal, 22 no.2 (Fall 2002), 271–95.

‘Indonesian Monetary Policy During the 1997–98 Crisis: a Monetarist Perspective’, Bulletin of Indonesian Economic Studies, 36, No 3 December, 2000.

'Lessons for Monetary and Banking Policies from the 1997-98 Economic Crises in Indonesia and Thailand', jointly with Ross H. McLeod, Journal of Asian Economics, 1999, 10, (3), 395-413.

'The Role of Prudential Regulation', chapter 17 in Ross H. McLeod and Ross Garnaut (eds.), East Asia in Crisis. From Being a Miracle to Needing One? London and New York: Routledge, 1998.

'The Development of Monetary Institutions in Australia From Federation to the Second World War', Study commissioned by the Reserve Bank of Australia, Centre for Economic Policy Research Discussion Paper, No. 227, February 1990, (pp. 43).

'Sovereign default risk and the social cost of foreign debt', jointly with Craig Applegate, Chapter 9 (pp.161-170) in John Pitchford, The Current Account and Foreign Debt, London: Routledge, 1995.

The theory of measuring and decomposing changes in economic welfare:

‘Alternative Ways of Measuring and Decomposing Equivalent Variation’, jointly with Helal Ahammad, forthcoming in Economic Modelling, 2003.

'The Average and Marginal Domestic Resource Costs of Foreign Exchange', Oxford Economic Papers, 47, pp.663-675, 1995.

'The Social Opportunity Cost of Foreign Exchange.' Economic Record, December 1991, pp.307-315.

Poverty:

‘How Economic Growth Reduces Poverty: A General Equilibrium Analysis for Indonesia’, jointly with Peter Warr, in Rolph Van der Hoeven (ed.) Proceedings of the World Institute for Development Economics Research Conference on Poverty and Growth, Tokyo: United Nations University Press, forthcoming 2003.

‘Anti-poverty Programs in Indonesia’, jointly with Anne Daly, Bulletin of Indonesian Economic Studies, 38, No 3 (December), 2002, 309–29.

Daly & Fane, tables 1 and 2 [excel spreadsheet][comma separated]

Tax policy and fiscal decentralisation:

Fane and Richardson, Spreadsheet used to derive estimates reported in 'Capital gains, negative gearing and effective tax rates on income from rented houses in Australia' [open]

‘Change and Continuity in Indonesia’s New Fiscal Decentralisation Arrangements’, Bulletin of Indonesian Economic Studies, forthcoming August 2003.

'The Marginal Cost of Funds: The Traditional Lump-Sum Rebate Methodology is Appropriate After All', jointly with Chris Jones, Mimeo, Australian National University, May 1997

'The Global Efficiency of Radial Tax Reductions.' International Economic Review, November 1991.

'Piecemeal Tax Reforms and the Compensated Radial Elasticities of Tax Bases.' Journal of Public Economics, 45, 1991 pp.263-270.

'The Incidence of a Tax on Pure Rent: the Old Reason for the Old Answer', Journal of Political Economy, April 1984, pp. 329-33.

Taxation under uncertainty:

'The Resource Rent Tax', jointly with B. Smith, Chapter 7 (pp. 209-41) in Australian Energy Policies in the 80s, edited by C.D. Trengove, Allen and Unwin, 1988.

'Neutral Taxation Under Uncertainty', Journal of Public Economics, 1987, pp. 95-105.

Macroeconomics and growth:

'Accounting for the Differences in the Estimated Rates of Total Factor Productivity Growth in East Asia', 2003, jointly with P. Nandalal Weerasinghe.

'Data Appendix' to Weerasinghe and Fane.

'The Interaction Between Inflation and the Taxation of Savings and Investment in Australia.' Chapter 6 in Australia's Inflation Problem, Economic Planning Advisory Council, Canberra. April 1991.

'A Derivation of the IS-LM Model from Explicit Optimizing Behavior', Journal of Macroeconomics, Fall 1985, pp. 493-508.

'A Geometric Analysis of Exchange Rate Adjustment Under Static and Rational Expectations', Economic Record, December 1982, pp. 367-374.

'Exchange Control and Exchange Rate Policy in Australia', jointly with E. Sieper, (pp.129-282) in Commissioned Studies and Selected Papers, Part 2 Macroeconomic Policy: External Policy, Australian Financial System Inquiry, (`Campbell Committee'), June 1980.

'Inflation in Britain: A Monetarist Perspective: Comment', American Economic Review, September 1978, pp. 721-25.

'Taxes, Corporate Dividend Policy and Personal Savings: the British Postwar Experience', jointly with M. S. Feldstein, Review of Economics and Statistics, November 1973, pp. 399-411.

The regulation of the labour market in Australia:

'Reforming Australian Industrial Relations Law: A Review of the Hancock Report', Australian Journal of Management, December 1988, pp. 223-252.

'Policies for Labour Market Adjustment: Australian Experience in the 1970s', Paper presented to the Seminar on Labour Markets in Japan and Australia, Australian National University, Canberra, November 1980, (pp. 38).

Australian higher education policies:

'Unto Everyone That Hath Shall Be Given: Australian Policies for Higher Education', Chapter 5 (pp.137- 164) in, Withering Heights: The State of Higher Education in Australia, edited by G.R. Hogbin, Allen and Unwin, Sydney, 1988.

'University Fees and Scholarships', Policy, August 1985, pp. 1-4.

'Academic Freedom in Australia', Paper presented to The Pacific Regional Meeting of the Mont Pelerin Society, Sydney, August 1985, (pp. 18).

'Education Policy in Australia', Economic Planning Advisory Council, Commonwealth of Australia, Discussion Paper No. 85/08, October 1984 (pp. 184).

AND NOW FOR SOMETHING COMPLETELY DIFFERENT...