Open-economy central banking: Explaining Australia's recommitment to central bank independence

Why do governments offload major instruments such as monetary policy to an independent central bank? This article answers this question in relation to the Australian case, a case which reflects wider global developments. The article challenges the methodology of quantitative approaches to explaining central bank independence and instead argues that a model of 'embedded statism' is the most fruitful explanatory approach.

Neoechinorhynchus ningalooensis sp nov (Acanthocephala : Neoechinorhynchidae) from Scarus ghobban and S. psittacus (Scaridae) from Western Australia

Neoechinorhynchus ningalooensis sp. nov, is described from Scarus ghobban Forsskal, 1775 and S. psittacus Forsskal, 1775 (Scaridae) from Ningaloo Reef, Western Australia. The new species is distinguished by having a combination of the Following: three circles of six hooks on the proboscis; anterior hooks equal in size (66-68 (Im long), middle hooks (50-58 mum long), 79% smaller than anterior hooks, posterior hooks (40-44 mum long) smallest; lemnisci equal in length and extending beyond the proboscis receptacle but not to ovoid testes; terminal papilla absent. This report is the first published account of an acanthocephalan from parrotfish (Scaridae) and the first record of an eoacanthocephalan from the western coast of Australia.

Trade relationships between the Gulf Cooperation Council and the European Union

This paper examines the trade relationship between the Gulf Cooperation Council (GCC) and the European Union (EU). A simultaneous equation regression model is developed and estimated to assist with the analysis. The regression results, using both the two stage least squares (2SLS) and ordinary least squares (OLS) estimation methods, reveal the existence of feedback effects between the two economic integrations. The results also show that during times of slack in oil prices, the GCC income from its investments overseas helped to finance its imports from the EU.

An analysis of why telehealth systems in Australia have not always succeeded

Telehealth programmes are rather similar to humans in the way that they are planned, develop, grow and ultimately die or disappear. To achieve good life expectancy for a telehealth programme there appear to be three major needs: nurturing, which includes the provision of money, ideas, education, training and innovation; experience, which involves an integrated management process, the achievement of long and wide patterns of usage, the development of updated policies and procedures and the involvement of multiple disciplines; success, which involves evidence of outcomes, evaluation and research, and, most important, the sharing of information through scientific and popular press publications, and conferences and collaborations with internal and external groups. The future of telehealth in Australia is at a watershed. There are now a substantial number of programmes, and there has been a large amount of financial and human investment in telehealth around the nation. There is, however, no forum for national leadership, no national association and little support at federal government level.