Global Financial Crisis (2008-2009)

Briefing paper

4 Aug 2017

Polling conducted by The Australia Institute asked Australians about the federal government’s handling of the global financial crisis (GFC).

Report

AHURI Final Report 282
8 Jun 2017

This research investigated the relationship between increasing housing prices (or housing wealth) and the increased consumption expenditure of households from before the GFC and afterwards.

Report

19 Dec 2016

Examines the effect that the fall in tax revenue post Global Financial Crisis (GFC) had on the Commonwealth’s budget.

Summary This paper looks at the effect that the fall in tax revenue post Global Financial Crisis (GFC) had on the Commonwealth’s budget ....

Conference paper

19 Dec 2016

Abstract

This study compares the effect of the introduction and removal of the Australian Government Wholesale Funding Guarantee Scheme (WGS) on the funding costs and risk taking incentives of authorised deposit-taking institutions (ADIs). This government guarantee was introduced in the height of the...

Working paper

30 Jun 2016

This paper reviews the nature of Australian bank prudential regulation before and after the Global Financial Crisis (GFC). It begins by providing a detailed conceptual framework for understanding the functions of banks and deposit-takers, the theory of what can go wrong with the operation of...

Working paper

31 May 2016

We present an empirical model of systemic banking crises from an Australian perspective. Having no history of domestic banking crises in recent history, our quantitative model is estimated using an international panel data set spanning 18 countries and 30 years of observations. We evaluate in...

Working paper

30 Apr 2016

We introduce an endogenous network model of the interbank overnight lending market. Banks are motivated to meet the minimum reserve requirements set by the Central Bank, but their reserves are subject to random shocks. To adjust their expected end-of-the-day reserves, banks enter the interbank market,...

Working paper

30 Apr 2016

Financial regulators in Australia and overseas are requiring banks to raise additional capital. The benefits of this are understood in terms of reducing the risk of incurring the significant costs of another financial crisis. But there are potential costs from securing these benefits, in the...

Working paper

31 Jan 2016

In the aftermath of the 2008 global financial crisis (GFC), and the catastrophic scale of regulatory failure, much attention has been paid to the various systems of financial system regulation currently in force. Of the total of four financial regulatory systems currently in use, ‘Twin...

Working paper

30 Nov 2015

In a retail banking sector characterised by both high concentration and low consumer switching, questions arise for Australian policy makers and regulators as to the effectiveness of competition as one important means by which economic outcomes are engendered, including innovation beneficial to consumers and consumer...

Video

28 Sep 2015

Overview

Use it, or lose it? That’s the question George Megalogenis thinks Australia needs to be asking itself.

In his 2012 book, The Australian Moment , Megalogenis presented a meticulous case for Australia’s social resilience and economic potential through times of global...

Report

14 Sep 2015

Global Financial Development Report 2015/2016 is the third in a World Bank series. It provides a contribution to financial sector policy debates, building on novel data, surveys, research, and wide-ranging country experience, with emphasis on emerging markets and developing economies.

The report’s findings and...

Report

8 Sep 2015

This study utilized the first 11 waves of the Household, Income and Labour Dynamics of Australia (HILDA) Survey to track individuals’ tenure transitions and housing affordability dynamics over the period 2001–11.

Working paper

31 Oct 2014

Following previous research which established that liquidity commonality exists within one stock market over a short period of time, this paper finds that liquidity commonality also exists globally. Utilising a large number of stock exchanges and a twelve year research timeframe, this paper observes that...

Working paper

30 Jun 2014

This article assesses the performance of the G20 since the Global Financial Crisis by analysing the regulatory measures it has called for and their current stage of implementation. It then proceeds to consider the changes in the global financial system in the past 40 years...

Working paper

30 Apr 2014

Depositary institutions over the last 15 years have increased the share of non-traditional revenue in total income.While the change in business models is a global phenomenon, it is more pronounced in countries such as the U.S., France and the U.K. In this study, we examine...

Working paper

30 Apr 2014

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...

Working paper

30 Apr 2014

The most recent global financial crisis, characterized as a liquidity crunch, began in the U.S. in late 2007 and quickly spread to other countries. The rapid propagation of the liquidity shock and the severe effects of the crisis on stock market performance have raised several...

Working paper

30 Mar 2014

The market volume of credit derivatives increased rapidly from $180 billion in 1996 to over $57 trillion in 2008 (BBA, 2006; BIS, 2010). This growth rate highlights the importance of these new instruments in nancial markets. Consequences of the global nancial crisis (GFC), e.g., the...

Working paper

30 Mar 2014

The Global Financial Crisis exposed nancial institutions to severe unexpected losses in relation to mortgage securitizations and derivatives. This paper nds that risk models such as ratings are exposed to a large degree of systematic risk and parameter uncertainty. An out-of-sample forecasting exercise of the...

Overview

 

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