A History of A ustralian Corporate Bonds
Bibliographic Data
| ID | 20437209 |
|---|---|
| Authors | Susan Black (0000-0003-2174-4298, Reserve Bank of Australia), Joshua Kirkwood (Reserve Bank of Australia), Thomas Williams (0000-0002-8724-4678, Reserve Bank of Australia), Alan Rai (0000-0002-6965-3830, Reserve Bank of Australia) |
| Year | 2013 |
| Volume | 53 |
| Issue | 3 |
| Pages | 292-317 |
| Publication date | 2013-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Australian Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0004-8992 • E-ISSN: 1467-8446 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/aehr.12021 |
| OpenAlex | W2131685680 |
| Language | EN |
| Citations received | 1 |
| References cited | 8 |
We compile a new unit‐record data set of A ustralian corporate bond issuance, which sheds light on developments in the bond market since the early twentieth century. Reflecting the evolution of the economy, privatisations, and changes in the regulatory landscape the following trends are noteworthy: (i) issuance today is largely by private entities whereas government‐owned corporations dominated historically; (ii) the issuer base has shifted away from non‐financial corporations towards banks, with corporations now raising a large share of funds offshore; and (iii) the investor base has shifted away from direct holdings by households towards holdings through superannuation/managed funds and holdings by non‐residents
Bond · Business · Corporate bond · Financial system · Government (linguistics) · Issuer · Banking stability, regulation, efficiency · Finance · Global Financial Crisis and Policies · State Capitalism and Financial Governance
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,13 |
| Citation span | 2018 - 2018 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |