Surviving financial crises: a study of the Australian Government securities market (2012–2013)

Abstract:
In times of financial crises, investors increase demand for low risk Government securities. It is therefore imperative that Government securities markets are sufficiently liquid to satisfy demand and facilitate trading. The aim of this study is to determine what constitutes sufficient liquidity in the Australian government securities market. Benchmarking against international practice will provide a standard for comparison. The research outcomes from this project will provide a definitive measure of the necessary capacity of the Government securities market to meet liquidity demands. Finally, we test whether having sufficient liquidity helped some countries better survive the global financial crisis.
Grant type:
ARC Discovery Projects
Researchers:
Funded by:
Australian Research Council