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Understanding market mechanisms and determinants of transaction costs to achieve greater efficiency in Australian fixed-income markets

Grant


Scheme


  • Linkage Projects

Abstract


  • This project will investigate the efficiency of Australia's fixed-income markets which are critically important to the Australian economy, with annual turnover in excess of one trillion dollars. Recent financial market turmoil, and the virtual shutdown of international lending between institutions, has placed a greater emphasis on Australian markets. The growing reliance on superannuation savings for retirement means that reliable and efficient avenues for saving are becoming increasingly important. However, research into fixed-income markets is virtually non-existent. This project will lead to more efficient fixed-income markets, and have far reaching benefits for the long and short-term wealth of individuals and the economy.

Date/time Interval


  • 2009

Sponsor Award Id


  • LP0990894

Local Award Id


  • 10802

Scheme


  • Linkage Projects

Abstract


  • This project will investigate the efficiency of Australia's fixed-income markets which are critically important to the Australian economy, with annual turnover in excess of one trillion dollars. Recent financial market turmoil, and the virtual shutdown of international lending between institutions, has placed a greater emphasis on Australian markets. The growing reliance on superannuation savings for retirement means that reliable and efficient avenues for saving are becoming increasingly important. However, research into fixed-income markets is virtually non-existent. This project will lead to more efficient fixed-income markets, and have far reaching benefits for the long and short-term wealth of individuals and the economy.

Date/time Interval


  • 2009

Sponsor Award Id


  • LP0990894

Local Award Id


  • 10802