Download or read book The Dynamics of the Australian Short Term Interest Rate written by Tim Brailsford and published by . This book was released on 1998 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines various models of the short-term interest rate in Australia. The analysis centres on three classes of models employing a comprehensive data set. First, the generalised diffusion model of Chan et al (1992) is examined which allows the variance to be a function of interest rate levels. This model nests a number of the early term structure models. We find initial support for the generalised model. Second, we examine models which incorporate time-varying volatility dynamics. Third, a class of models which incorporate both time-varying volatility and the levels model is analysed. We extend this model by allowing for an additional asymmetric reaction to news resulting in a threshold-type model. The paper examines each of the models and then proposes and performs prediction tests which allow different classes of model to be benchmarked. The second and third class of models appear to produce the most accurate estimates. The results indicate a number of important differences between the Australian market and overseas markets. We also find the results to be generally robust to various refinements in method.

Download or read book International Linkages and Macroeconomic News Effects on Interest Rate Volatility written by Suk-Joong Kim and published by . This book was released on 1998 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Term Structure Modelling and the Dynamics of Australian Interest Rates written by Peter Thomas O\U+2019\Brien and published by . This book was released on 2006 with total page 722 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book News and the Short run Determination of Australian Exchange Rates and Interest Rates written by Ronald Bewley and published by . This book was released on 1988 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Conquering Fear of Floating written by Li Cui and published by International Monetary Fund. This book was released on 2007-07-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Australia has enjoyed fifteen years of uninterrupted economic expansion since 1992 despite shocks such as the Asian crisis in 1997-98 and the information technology bust in 2000-01. This resilient economic performance owes much to wide-ranging structural reforms and the improved frameworks for monetary and fiscal policies that were implemented after the Australian dollar was floated in 1983. In addition to gaining the expected macroeconomic benefits from exchange rate flexibility, the float appeared to help motivate and facilitate the subsequent reforms. Australia's experience with adapting to a floating currency may therefore be of broader interest.

Download or read book The Expectations Theory of the Term Structure and Short term Interest Rates in Australia written by Warren J. Tease and published by . This book was released on 1986 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Empirical Study of the Dynamics of Nominal Interest Rates written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Interest Rate Volatility and the Term Structure of Australian Interest Rates written by N. Kumar Rasiah and published by . This book was released on 2000 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Studies in Money and Credit written by Reserve Bank of Australia. Research Department and published by . This book was released on 1989 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Expectations Theory of the Term Structure and Short term Interest Rates in Australia written by Warren J. Tease (Economiste.) and published by . This book was released on 1986 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Empirical Investigation of the Term Structure of Interest Rates in Australia written by Michael George Lambert and published by . This book was released on 1976 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Time Series Analysis of the Term Structure of Australian Interest Rates written by D. J. Jüttner and published by . This book was released on 1973 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Money Formation and Interest Rates in Australia written by Tom J. Valentine and published by . This book was released on 1984 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Short term Interest Rates Weekly Money Announcements and Rational Forecasts written by Robert G. Trevor and published by . This book was released on 1986 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monetary Policy in Australia written by Kevin T. Davis and published by Melbourne, Australia : Longman Cheshire. This book was released on 1980 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Trend and Structure of Interest Rates in Australia written by Desmond John Cleary and published by . This book was released on 1964 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Implementation of Monetary Policy in Australia written by Ric Battellino and published by . This book was released on 1997 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: In January 1990, the Reserve Bank of Australia (RBA) began announcing and explaining changes in the target cash rate. This has increased public understanding of monetary policy and, by increasing the attention given to changes in interest rates, has affected the way in which changes in policy are transmitted to the economy. In addition, the discipline of having to announce and explain changes in the target cash rate to the public has led to a clearer focus on the objectives of monetary policy within the RBA and improved the accountability of the Bank. It has also led to a substantial decline in the volatility of short-term interest rates and more rapid pass-through of changes in the target cash rate into deposit and lending rates. In Australia, as in many other countries, interest rates have tended to be adjusted in a series of steps in the same direction. In part, this can be explained in terms of the uncertainty that policy-makers face, and the costs involved in frequently reversing the direction of interest-rate changes.