The Australian government and European Union are looking to improve the complementarity and coordination of their infrastructure financing efforts, especially in the strategically important Indo-Pacific region. This paper makes several suggestions for how this group of like-minded partners can lift their infrastructure financing contribution.

This report examines the US dollar’s global role and its implications for Australia. The report looks at the dollar’s global pre-eminence and how this has increased over time. It also examines the role of the US dollar as a “reserve asset”, arguing that this reserve asset function is a symptom and not a cause of...

We explore the conditions under which a financial asset emerges as a global store of value and can co-exist with a pre-existing (incumbent) store of value. In our model the acceptability of an asset as a global store is driven by the issuing region’s financial development, growth rate, degree of capital liberalization, and by strategic...