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

The Safe Asset Frontier

31 Aug 2014

Kartik Anand,

Prasanna Gai

Centre for International Finance and Regulation

We identify the frontier between safe and unsafe assets and show how the growth rate of the economy and its fiscal capacity interact with differences of opinion amongst investors to determine the safe asset equilibrium. Multiple equilibria emerge in our set-up due to strategic complementarities across counterparties, and the safety of the bond depends on...

Working paper

Regulation and reforms to enhance financial stability in the post-GFC era

31 Aug 2014

Centre for International Finance and Regulation

This paper discusses key regulatory issues and developments emerging from the GFC in relation to three distinct areas - financial market regulation; taxation; and banking and finance. The paper analyses the adequacy and efficacy of Australia's legal infrastructure in these three areas from a comparative perspective.

Submission

Financial System Inquiry - Submission II

26 Aug 2014

Centre for International Finance and Regulation

CIFR is in a position to draw on its capabilities and network to provide independent and objective research and views. In this submission we address aspects of the Interim Report with observations and views supported by output from CIFR-funded research. The content of this submission reflects the output of the relevant specialists. CIFR’s submission comprises...

Working paper

Global stores of value and the International role of the renminbi

10 Aug 2014

Kartik Anand,

Prasanna Gai

Centre for International Finance and Regulation

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...

Working paper