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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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Australian Money Market Divergence: Arbitrage Opportunity or Illusion?

16 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
banking, financial markets, interest rates, money. In recent years, the spread between money market interest rates has widened. ... One implication is that the price of Australian dollars diverges across these markets.
https://www.rba.gov.au/publications/rdp/2019/2019-09.html

Australian Money Market Divergence: Arbitrage Opportunity or Illusion?

1 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
Short-term money markets primarily consist of unsecured cash market transactions, repurchase agreements (repos), bank bills and foreign exchange swaps. ... Bajaj R, A Binmore, R Dasgupta and Q-A Vo (2018), ‘Banks' Internal Capital Markets: How Do Banks
https://www.rba.gov.au/publications/rdp/2019/2019-09/full.html

References

13 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
Bajaj R, A Binmore, R Dasgupta and Q-A Vo (2018), ‘Banks' Internal Capital Markets: How Do Banks Allocate Capital Internally?’, Bank of England Quarterly Bulletin, Q2. ... Wakeling D and I Wilson (2010), ‘The Repo Market in Australia’, RBA
https://www.rba.gov.au/publications/rdp/2019/2019-09/references.html

Appendix A: Data Summary

13 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
RDP 2019-09: Australian Money Market Divergence: Arbitrage Opportunity or Illusion? Appendix A: Data Summary. ... available from 2013:Q1,. back history is estimated by. splicing Tier 1 capital ratio.
https://www.rba.gov.au/publications/rdp/2019/2019-09/appendix-a.html

Australian Money Market Divergence: Arbitrage Opportunity or Illusion?

1 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
https://www.rba.gov.au/publications/rdp/2019/2019-09/read-me.html

Sensitivity Analysis

13 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
Borrowing under repo to lend into the repo market is a zero-sum game. ... The implication is that there has been insufficient economic incentive to arbitrage between the two markets.
https://www.rba.gov.au/publications/rdp/2019/2019-09/sensitivity-analysis.html

Estimating Funding Costs, Gross Returns and Net Returns

13 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
money markets and the more medium-term considerations that determine the structure of the balance sheet. ... i. ) for each money market trade i in accordance with current Australian prudential standards.
https://www.rba.gov.au/publications/rdp/2019/2019-09/estimating-funding-costs-gross-returns-and-net-returns.html

Opportunity Cost of Money Market Lending

13 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
Applying the same methodology, we find margins on residential mortgages have been significantly wider than those on money market trades during the sample period (Figure 13). ... Some sources of revenue are also omitted, such as fees, charges and the
https://www.rba.gov.au/publications/rdp/2019/2019-09/opportunity-cost-of-money-market-lending.html

Leverage, Profitability and the Consequences for Money Markets

13 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
Leverage, Profitability and the Consequences for Money Markets. Belinda Cheung and Sebastien Printant. ... Major banks were important providers of liquidity in money markets prior to the financial crisis.
https://www.rba.gov.au/publications/rdp/2019/2019-09/leverage-profitability-and-the-consequences-for-money-markets.html