Showing 1 - 10 of 14
Spending has grown strongly in the resource-rich states in recent years, primarily reflecting very high levels of investment in the mining industry. However, the pace of growth in state production and developments in other economic indicators have been more uniform across the states. This...
Persistent link: https://www.econbiz.de/10010533724
Foreign investors’ demand for commercial buildings in Australia has been strong in the past few years, as captured by their rising share of transaction values. Foreigners have generally purchased established properties, although there has also been some interest in developing new...
Persistent link: https://www.econbiz.de/10011129959
Australian households’ appetite for risk appears to have declined in recent years with households having actively shifted their portfolios away from riskier financial assets. The change in the composition of financial assets has been seen across most age and income groups. The shift in...
Persistent link: https://www.econbiz.de/10010552966
The Australian bond market functioned well during the financial crisis. Changes in investor sentiment and issuer behaviour led to a slowing in issuance and an increase in the average credit quality of new issuance. While the average bond term shortened and spreads widened, these trends have...
Persistent link: https://www.econbiz.de/10008508376
Persistent link: https://www.econbiz.de/10008492880
This paper examines the development of Australian corporate bond issuance since the early 20th century, based on a new unit-record dataset that we have compiled. Issuance trends have changed significantly over the past century as bond markets have become more diverse, sophisticated and globally...
Persistent link: https://www.econbiz.de/10010598566
Persistent link: https://www.econbiz.de/10010713537
This paper asks why Asia-Pacific residents issue debt in offshore markets and considers the implications for domestic debt markets. We use unit record data for bond issuance by non-government residents of Australia, Hong Kong, Korea, Japan and Singapore to link the decision to issue offshore to...
Persistent link: https://www.econbiz.de/10008763376
Bonds are an important source of funding for Australian banks. While the financial crisis greatly affected capital markets, overall Australian banks retained good access to the bond market, with a sharp increase in the volume of bonds issued over the past couple of years. This reflected their...
Persistent link: https://www.econbiz.de/10008870936
An examination of the feasibility and appropriateness of establishing a direct, price-index target as the primary objective of U.S. monetary policy, with particular emphasis on the Swedish Riksbank's experiment with such an approach during the 1930s.
Persistent link: https://www.econbiz.de/10005393579