Rather than the income boost going solely to the resource industry, lower import prices raised the real incomes of all Australians. If instead we'd had a fixed exchange rate, we would have had a balance of payments surplus. That would have represented a large monetary stimulus.
Information security Cyber attacks and security breaches involving nonpublic customer information appear in the headlines almost every week. These events have cost the financial services industry millions of dollars in direct losses and have done considerable reputational damage. The cost of identity theft to affected consumers is also significant.