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This paper describes the Australian banking system, highlighting ways in which it differs from other major banking … systems. It draws together themes from previous work conducted at the Reserve Bank of Australia (RBA), and outlines the role … the banking system plays in the transmission of monetary policy and the transformation of risk. The paper also discusses …
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The papers in this volume were commissioned with the aim of exploring the significant structural changes in the financial system over the past decade or so and the implications for policy-makers charged with the responsibility of maintaining financial system stability
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this sensitivity seems to vary between countries and through time. In this paper, we model the housing markets in Australia …
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In this paper, we measure how the fixed-interest market in Australia assesses and responds to new economic information … economic news have had a large impact on yields in Australia – especially bond yields. Of the domestic announcements, the …, the results also suggest some consistency of response to news in the fixed-interest market in Australia. …
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