Search: capital market
RBA Glossary definition for capital market
capital market – A market for medium to long-term financial instruments. Financial instruments traded in the capital market include shares, and bonds issued by the Australian Government, State governments, corporate borrowers and financial institutions.
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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
13 Feb 2024
RDP
PDF
1260KB
labour market scarring for workers (e.g. Blanchard and Summers 1986; Ball 2009; Andrews. ... influencing demand conditions – the demand channel. They also find evidence that venture capital.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf
Theory
31 Dec 2005
RDP
2005-12
Download the Paper 530. KB. Under the perfect capital market assumption, the Modigliani-Miller theorem suggests that a firm's capital structure is irrelevant to its value. ... However, there are a number of reasons why capital markets are not perfect.
https://www.rba.gov.au/publications/rdp/2005/2005-12/theory.html
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A History of Australian Equities
1 Jun 2019
RDP
2019-04
capital to the share market due to compulsory superannuation (Gizycki and Lowe 2000). ... Weighted by current market capitalisation, as at June 2019. Sources: Author's calculations; S&P Capital IQ.
https://www.rba.gov.au/publications/rdp/2019/2019-04/full.html
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Measuring Traded Market Risk: Value-at-risk and Backtesting Techniques
1 Nov 1997
RDP
9708
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1997/9708.html
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Appendix 1: Australian Studies of the Cost of Capital
1 Jun 1992
RDP
9205
1985–86, to derive a measure of the ex ante cost of capital. ... and finds that the ex ante cost of capital is significantly lower at 7.5 per cent.
https://www.rba.gov.au/publications/rdp/1992/9205/appendix-1.html
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Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects
19 Dec 2023
RDP
PDF
1692KB
adopters). Sources: Authors’ calculations; Morningstar; Refinitiv; S&P Capital IQ. 2.4 Hiring data. ... More generally, the adoption of cloud technology could lead firms to shift from capital expenditure.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-10.pdf
Appendix: RBII Specification
1 Nov 1984
RDP
8403
net Australian private capital owned by overseas residents. g1. real government current expenditure. ... K. real stock of business fixed capital. K. h. real stock of dwellings.
https://www.rba.gov.au/publications/rdp/1984/8403/appendix.html
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
11 Dec 2023
RDP
2023-09
Research Discussion Paper – RDP 2023-09 Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE. Gulnara Nolan, Jonathan Hambur and Philip Vermeulen. December 2023. Supplementary information. investment,
https://www.rba.gov.au/publications/rdp/2023/2023-09.html
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Australian Banking Risk: The Stock Market’s Assessment and the Relationship Between Capital and Asset Volatility
1 Dec 2009
RDP
PDF
458KB
AUSTRALIAN BANKING RISK: THE STOCK MARKET’SASSESSMENT AND THE RELATIONSHIP BETWEEN. CAPITAL AND ASSET VOLATILITY. ... Figure 3: Weighted-average Market Capital-asset Ratio. 0. 2. 4. 6. 8.
https://www.rba.gov.au/publications/rdp/1999/pdf/rdp1999-09.pdf
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
A version of the Beckers (2020) shock that does not purge market expectations, which we call ‘Beckers’. ... Thus, they may be more sensitive to the global, not the domestic, cost of capital.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
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