International Activities of Australian Banks

Owen Bailey, Luke Van Uffelen and Kerry Wood
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Owen Bailey: Reserve Bank of Australia
Luke Van Uffelen: Reserve Bank of Australia
Kerry Wood: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2012, 47-56

Abstract: The Australian banking system plays a significant role in intermediating funds from foreign savers to Australian borrowers. Consistent with this, most of the banks’ international liabilities are related to their funding activities in offshore markets. After increasing strongly over the decade prior to the global financial crisis, the outstanding value of these liabilities has been little changed as banks have responded to a more difficult offshore funding environment. By contrast, the international assets of the Australian banking system are relatively small, with a sizeable share of these assets in a few countries where Australian-owned banks operate their main offshore subsidiaries and branches.

Keywords: International Banking Statistics; Locational data; Banks; Australian banks; Financial system; International assets; International liabilities; Offshore funding; Funding (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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