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Table of Contents
Two Decades of Murray-Darling Water Management
Abstract
Introduction
A Brief History of Water Management in the Murray-Darling Basin
The river of funding
Water Reform and National Competition Policy
The Living Murray First Step
Commonwealth Supplementary Fund to the Living Murray
The Cap
National Water Initiative — the Australian Water Fund
Water for the Future (formerly National Plan for Water Security)
The Joint Works Program: The Basin Salinity Management Strategy
Other Related Programs
Transparency, Consistency and Courage
Social Cost of Inaction
Conclusions
References
The new Basel Capital Accord
Abstract
Introduction
The origin of the Capital Adequacy Requirement
The Structure of Basel II
Pillar 1: Capital requirements for core risks
Pillar 2: The Supervisory Review Process
Pillar 3: Market Discipline
Securitisation
Credit-risk mitigation
Concerns debated during the development of Basel II
The amount of required capital
The Pro-cyclical Nature of the Basel II Capital Standard
Market Discipline
Impact on small-business lending
Basel II and competitive neutrality
Basel II and the global financial crisis
Conclusions
References
The Paradox of National Water Savings: A Critique of ‘Water for the Future’
Abstract
Introduction
The Policy Context for Federal Intervention
Efficiency and Water
The importance of scale
Food Bowl Modernisation and an Integrated National Approach?
Concluding Remarks
References