Financial Regulation and Australian Dollar Liquid Assets
Liquid assets with low credit and market risk have a number of uses in financial markets, such as providing collateral against short-term funding or credit exposures that arise between counterparties to financial transactions. This article examines the existing sources of demand for Australian dollar-denominated liquid assets. Given relatively low levels of government debt in Australia, demand for these assets has been increasing relative to supply for some time. A further increase in demand arising from regulatory changes designed to improve the management of liquidity risk and counterparty credit risk will accentuate this trend.
Volume (Year): (2012)
Issue (Month): (September)
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- Matthew Boge & Ian Wilson, 2011. "The Domestic Market for Short-term Debt Securities," RBA Bulletin, Reserve Bank of Australia, pages 39-48, September.
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