Australian Capital Flows

Susan Black, Blair Chapman and Callan Windsor
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Susan Black: Reserve Bank of Australia
Blair Chapman: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2017, 23-34

Abstract: Capital inflows have underpinned the expansion of Australia's productive capacity for the past 200 years or more. Recently, there have been three noteworthy changes in the composition of these flows. First, most inflows to the mining sector are now direct funding from offshore, rather than reinvested earnings. Second, foreign investors have been more actively managing their holdings of Australian government debt securities. Third, regulatory reforms have led to changes in banks' short-term debt funding.

Keywords: E44 (Financial Markets and the Macroeconomy); F32 (Short-Term Capital Movements); F41 (Open Economy Macroeconomics); Financial Markets and the Macroeconomy; Short-Term Capital Movements; Open Economy Macroeconomics; E44; F32; F41 (search for similar items in EconPapers)
Date: 2017
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