The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … holders’ preferred degree of asset correlation in portfolios held by the firm. Using the copula capital structure model, it is … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …

establish the Government of Australia Subaccount for Selected Fund Activities (the 'Subaccount') under the terms of the SFA …

This Selected Issues paper reviews how Australia’s economy has adapted to a flexible Australian Dollar. The paper … proposal, and estimates how much Australia and other countries in the Asia-Pacific region would gain from greater financial …

This paper analyzes likely effectiveness of the fiscal policy in supporting aggregate demand in Australia. The …

The impact of the global crisis was milder in Australia than in other advanced economies owing to strong demand from …

sound macroeconomic framework should permit Australia to weather the global downturn and contain inflationary pressures …