FINANCIAL STABILITY REVIEW – SEPTEMBER 2005

Contents

Overview

The Macroeconomic and Financial Environment

Box A: Rates of Indebted Home Ownership

Financial Intermediaries

Box B: Developments in the Low-doc Loan Market

Box C: Options Markets and the Expected Volatility of Bank Share Prices

Developments in the Financial System Infrastructure

Box D: Core Principles for Systemically Important Payment Systems

Article

Collateralised Debt Obligations in Australia

List of graphs

List of tables

List of figures

The material in this Financial Stability Review was finalised on 22 September 2005.

The Financial Stability Review is published semi-annually in March and September.

For copyright and disclaimer notices relating to data in the Review see the Bank’s website.

ISSN 1449–3896 (Print)
ISSN 1449–5260 (Online)