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.

Submission

Financial System Inquiry - Submission I

30 May 2014

Centre for International Finance and Regulation

CIFR has undertaken some text analysis to gain a better understanding of the submissions received by the FSI. A total of 298 FSI submissions have been received, from 233 unique contributors.Professional industry associations (25%) represent the major single source of submissions. The number of submissions and their sources are broadly similar to the experience of...

Working paper

RMB trade invoicing: benefits, impediments and tipping points

30 May 2014

Kathleen Walsh

Centre for International Finance and Regulation

China has approached the internationalisation of the Renminbi (RMB) by taking cautious but deliberate steps towards a more liberalised economy. The intent to internationalise the currency is clearly expressed in China’s five year plan and further endorsed by the 18th Plenum in 2013. However the pathways, sequencing and timing of internationalisation are the subject of...

Working paper

Foreign banks and international shock transmission: ownership matters no more

30 Apr 2014

Ying Xu,

Hai Anh La

Centre for International Finance and Regulation

This paper studies the recent (2007-2009) Global Financial Crisis and its transmission through bank lending to emerging Asian economies. It highlights two channels of shock transmission identified in the literature: bank ownership and liquidity. We find that the bank ownership does not play a substantial role in the transmitting process. It is the liquidity channel...

Working paper

Placements and small cap firms - an analysis of changes to ASX Listing Rules

30 Apr 2014

Mark Humphery-Jenner,

Jo-Ann Suchard

Centre for International Finance and Regulation

The ASX recently amended its listing rules to allow small-cap companies to issue up to 25% of their share capital at a discount of up to 25%- Rule 7.1A (up from a 15% issue at a 15% discount). The changes have the potential to distort the shareholder-register. Further, if the issue is to an existing...

Working paper

Understanding a Small Open Economy Business Conditions Index

30 Apr 2014

Jeffrey Sheen,

Stefan Trueck,

Ben Z. Wang

Centre for International Finance and Regulation

We estimate an unobservable domestic business conditions index for Australia using a variety of observable macroeconomic and nancial variables, relating it to an unobservable external index involving external variables relevant to Australia. Our small open economy, dynamic factor model uses stock and ow variables arriving at mixed frequencies. We nd important links between the domestic...