Organisation

Centre for International Finance and Regulation

Owning Institution:

University of New South Wales

Macquarie University

University of Technology Sydney

Government of Australia

Government of New South Wales

University of Sydney

University of Melbourne

Australian National University

The Centre for International Finance and Regulation (CIFR) was a Centre of Excellence operating from 2011 to 2016 to address fundamental issues affecting the Australian financial industry. CIFR’s mission was to promote financial sector vibrancy, resilience and integrity, supporting Australia as a regional financial centre through leading research and education on systemic risk, market and regulatory performance and financial market developments. CIFR funded 71 research projects, involving well over 100 researchers from domestic and international universities.

For Australia’s financial industry, CIFR provided a strategic link between academia, policy-makers, regulators and other industry participants. Now closed, the Centre's output of 148 papers are all available at this publisher page.

Working paper

Measuring Economic and Financial Interconnections for a selection of Asia-Pacific Economies

31 Jul 2015

Tony Cavoli

Centre for International Finance and Regulation

This paper presents an examination of economic and financial linkages for a selection of economies in the Asia-Pacific region for the period 2001 to 2012. The countries examined are the ASEAN5 group of nations - Indonesia, Malaysia, the Philippines, Singapore and Thailand; the three large northeast Asian economies of China, Japan and South Korea; and...

Working paper

A financial CGE model of the Australian economy

31 Jul 2015

Peter B. Dixon,

James Giesecke,

Maureen T. Rimmer

Centre for International Finance and Regulation

We develop the financial CGE model by building on a multi-sectoral dynamic model of the real side of the Australian economy. In particular, we introduce explicit treatment of: (i) financial intermediaries and the agents with which they transact; (ii) financial instruments describing assets and liabilities; (iii) the financial flows related to these instruments; (iv) rates...

Working paper

Regulatory analytics and data architecture (RADAR)

31 Jul 2015

Kingsley Jones

Centre for International Finance and Regulation

Rapid developments in cloud computing and data science have significantly reduced the cost and expanded the scope of possible analytics in the practise of financial regulation. However, the existing Organizational Architecture of regulatory interaction is still rooted in old models of data that sit in siloes and is not actively integrated or shared.

Working paper

Do franking credits matter? Exploring the financial implications of dividend imputation

30 Jun 2015

Andrew Ainsworth,

Graham Partington,

Geoffrey J. Warren

Centre for International Finance and Regulation

We examine the implications of the imputation system for stock prices and returns, cost of capital, project evaluation, capital structure, payout policy and investor portfolios. We also discuss potential impacts if the imputation system was dismantled or adjusted, perhaps in conjunction with a reduction in the corporate tax rate. A key theme is that the...

Working paper

The Rise of Foreign State Ownership in East Asia: Domestic Political Determinants and Stabilizing Effects

30 Jun 2015

Richard W. Carney

Centre for International Finance and Regulation

Since the Asian Financial Crisis of 1997, the prevalence and transparency of state ownership – both domestic and foreign -- has exhibited considerable variance across the region. To explain this puzzle, I argue that a tight focus on two dimensions of politics yields a remarkable degree of analytic purchase: centralization of political control and a...