This empirical study is conducted to apply the Fama French three-factor model in the Australian context using the most recent daily data for the period of 5 years from July 2009 to May 2015. The focus of this study is on various approaches of portfolio formation adopted in previous empirical...

We use the Commodity Futures Trading Commission’s Commitment of Traders report to investigate the trading behaviour of traders in 12 commodity futures markets. We find that commercial traders are contrarian, consistent with the prevalence of short hedgers, while non-commercial traders follow...

This thesis investigates economic aspects of the measurement of fiscal decentralisation to establish how a nation’s fiscal arrangements can be consistently measured, so they can be compared internationally. A new index of fiscal decentralisation is developed that reflects two key elements of...