balance sheet liabilities, such as public sector superannuation. Australia will be developing a significant financial asset …

constrained firms will allocate excess cash flows into cash holdings if their hedging needs are high (i.e., if the correlation … reduce current debt if their hedging needs are low. The empirical examination of cash and debt policies of a large sample of … financially constrained firms with high hedging needs have a strong propensity to save cash out of cash flows, while showing no …

Even though Australia has experienced frequent and large commodity export price shocks like the Third World, it seems … identifies two major price shock episodes before the recent mining-led boom and bust. It assesses their relative magnitude, their … de-industrialization and distributional impact, and policy responses. In what way has Australia been different from other …

kinds of financial crises for four countries (Argentina, Australia, Canada, and the United States) over the long-run …

frequently obtained. We use an alternative identification assumption, a change in Reserve Bank of Australia intervention policy …