Finance - Research Publications
Permanent URI for this collection
Search Results
1 - 5 of 5
-
ItemCapital management in mutual financial institutions(ELSEVIER, 2009-03)
-
ItemThe sub-prime crisis down under( 2008)
-
ItemEmployee Entitlements and Secured Creditors: Assessing the Effects of the Maximum Priority Proposal(UNIV NEW SOUTH WALES, AUSTR GRAD SCH MANAGEMENT, 2009-06)Corporate failures and consequent default on obligations have, in some circumstances, led to significant losses for employees with accumulated unpaid leave entitlements. The Australian government responded initially to this problem by implementing a government-funded compensation scheme. Subsequently it announced a proposal involving legislating for seniority (maximum priority) of entitlements in corporate liquidation which has not been implemented. This paper analyses and provides quantitative estimates of the consequences of changing creditor priority in this manner. Contrary to conventional wisdom and arguments mounted in opposition to such a change, the effect on corporate funding costs would be extremely small. The paper argues that legislation to effect such a change warrants further consideration as a complement to the existing compensation scheme.
-
ItemFinancial Regulation after the Global Financial Crisis(WILEY-BLACKWELL PUBLISHING, INC, 2009-12)
-
ItemWhere has all the Money Gone?(WILEY, 2009-09)This paper explains how modern developments in lending and liquidity management using short‐term secured lending contributed to the process of financial sector expansion prior to the financial crisis and its subsequent unwinding. It focuses upon the role of the non‐regulated financial sector, and aims to assist readers to understand the answer to the commonly asked question: where has all the money gone? It draws some lessons and policy implications and identifies a number of regulatory issues emerging as the subject for debate.