These new deposits are likely to be more price sensitive and less stable. The benefit, in terms of funding stability, which comes from increasing deposits through competitive pricing, may therefore be somewhat illusory. How do Australian banks compare internationally? There is a common perception that banks in Australia make less use of deposits to fund themselves than do banks in other countries.
Since the implementation of labour market reforms in the 1980’s, efforts have been made to increase  1  Bonthuis, Jarvis & Vanhala (2012) find a significant shift in the euro area Beveridge Curve since the onset of the crisis, but considerable heterogeneity at the country level.