Research Discussion Paper – RDP 1999-09 Australian Banking Risk: The Stock Market's Assessment and the Relationship Between Capital and Asset Volatility


The authors would like to thank Colleen Cassidy, James Engel, Chris Kent, Philip Lowe and Geoffrey Shuetrim for helpful comments. We, nevertheless, retain responsibility for any remaining errors. The views expressed herein are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia nor those of the Australian Prudential Regulation Authority.


System Stability Department, Reserve Bank of Australia [*]

Research and Financial Studies, Australian Prudential Regulation Authority [**]