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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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Theory

31 Dec 2005 RDP 2005-12
Gianni La Cava
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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MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
D. t. =. 0. Outside of the stressed state, in what we call the ‘unconstrained state’, we assume banks are able to access external capital markets, and do so such that any ... t. A. t. (. Δ. a. t. 1. β. M. ,. t. z. t. ). ). In other words, external
https://www.rba.gov.au/publications/rdp/2022/2022-01/full.html
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE

11 Dec 2023 RDP 2023-09
Gulnara Nolan, Jonathan Hambur and Philip Vermeulen
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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Appendix: RBII Specification

1 Nov 1984 RDP 8403
J.G. Fahrer and R.W. Rankin
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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Capital Structure: Theory and Evidence

1 Dec 1993 RDP 9313
Geoffrey Shuetrim, Philip Lowe and Steve Morling
An assumption in the Modigliani-Miller value-invariance proposition is that capital markets are frictionless (there are no transaction costs and transactions occur instantaneously). ... Similarly, where debt finance is used, information is provided to
https://www.rba.gov.au/publications/rdp/1993/9313/capital-structure-theory-evidence.html
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A History of Australian Equities

1 Jun 2019 RDP 2019-04
Thomas Mathews
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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Appendix D: Variable List

8 Oct 2019 RDP 2019-01
Trent Saunders and Peter Tulip
25. RBA statistical table F2.1 Capital Market. Yields – Government Bonds. ... RBA historical statistical table F2 Capital. Market Yields – Government Bonds (monthly).
https://www.rba.gov.au/publications/rdp/2019/2019-01/appendix-d.html
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Appendix A: The RBA79 model

1 Sep 1979 RDP 7903
P.D. Jonson and R.G. Trevor
k. proportionate change in business fixed capital. K. real stock of business fixed capital. ... Q. l. dummy variable for shake out effect in labour market 1974-76.
https://www.rba.gov.au/publications/rdp/1979/7903/appendix-a.html
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Capital And Growth

1 Apr 1987 RDP 8704
Jeffrey Carmichael and Nigel Dews
Figure 3.3. LABOUR AND CAPITAL. FACTOR COST LESS MARGINAL PRODUCT. In the labour market there appears to have been a major divergence from competition in the mid 1970s and again ... Alternatively, equation (3) suggests that, if factor markets were to
https://www.rba.gov.au/publications/rdp/1987/8704/capital-and-growth.html
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Share-Market Efficiency

1 Dec 1996 RDP 9610
Michael Andersen and Robert Subbaraman
when the capital markets may have been less liquid. ... Reflecting the changes in Australian financial markets in the eighties, there is evidence that the liquidity in the market has improved and share price inefficiencies have been reduced.
https://www.rba.gov.au/publications/rdp/1996/9610/share-market-efficiency.html
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