Australian capital markets
Ms Kathy Avram
6 points
* 3 hours per week
* Second semester
* Caulfield,
in-house
Objectives On successful completion of this subject students should have developed an analytical framework of the operation of Australian capital markets; be able to evaluate and implement funding decisions in capital markets; appreciate the implications of economic policy decisions on financial institutions and markets.
Synopsis Topics include development of money and financial markets and financial flows analysis; intermediation; economic role of the different financial institutions; determination of interest rates and yield curve analysis in financial markets; exchange rates and money supply; sources of short-term, medium-term and long-term finance; sources of overseas borrowing; an introduction to interest rate and exchange rate management; performance of the financial system.
Assessment Assignment (6000 words): 40%
* Examination (2 hours):
60%
Prescribed texts
Bruce R and others Handbook of Australian corporate finance 4th edn, Butterworths, 1991
Felmingham B and Coleman W Money and finance in the Australian economy Irwin, 1995
Juttner D J Financial markets, interest rates and monetary economics 3rd edn, Longman Cheshire, 1994
| Published by Monash University, Clayton, Victoria
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