Semi-government bond markets provide liquidity benefits: RBA paper
A Reserve Bank of Australia paper published in its Quarterly Bulletin on Thursday reviews the liquidity benefits provided by Australia's semi-government bond markets.
David Lancaster and Sarah Dowling, the paper's authors, examine the semi-government bond market in Australia, highlighting the relationship between the market's development and its current structure. The authors say the market for Australian state and territory government debt, commonly referred to as the semi-government bond
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