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This report includes information regarding to the background and significance of interest rate to the capital market.
Date Submitted: 10/30/2001 07:10:23
Length: 9 pages (2417 words)
Views: 56949
Executive Summary The purpose of this report is to analyze and discuss the effects of interest rate to the financial system of Australia. In this report, relevant sources from books and websites are used appropriately. Firstly, this report will briefly explain the background and significance of the low interest rate. The RBA maintained low interest rate because of weak global ecnomy and the need to boost local economy and investments. The significance of low interest …
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…P., "Revised rules for banks lending to housing sector", The Australian Financial Review, 01/02/2001. Viney. C., McGrath's Financial Institutions, Instruments and Markets, 3rd Ed, The Mcgraw-Hill Companies Inc, 2000, Sydney. Rose, P.S., Financial Institutions: Understanding and Managing Financial Services, 5th Ed, Irwin, Chicago, 1995. Madura. J., Financial Markets and Institutions, 4th Ed, South-Western College Publishing, Cincinnati, 1998. http://www.rba.gov.au, date last accessed: 3rd September 2003 http://www.econ.usyd.edu.au date last accessed: 3rd September 2003
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