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dc.contributor.convenorMoazzem Hossain
dc.contributor.authorLiu, Benjamin
dc.contributor.authorSkully, Michael
dc.contributor.editorAhmed, A
dc.date.accessioned2017-05-03T15:12:11Z
dc.date.available2017-05-03T15:12:11Z
dc.date.issued2007
dc.date.modified2008-07-07T01:31:32Z
dc.identifier.issn1747-1036
dc.identifier.urihttp://hdl.handle.net/10072/19458
dc.description.abstractThis paper examines the growth of securitisation and structural changes in the Australian mortgage market, and their impacts on bank pricing behaviour. Since the mid-1990s, mortgage securitisation has dramatically increased and thus intensified competition between traditional banks and mortgage corporations (new entrants). In the meantime, to respond to the competition, banks largely reduced their mortgage interest rates. However, there is no empirical study on what contributed to their price reductions. We present a simple model to illustrate potential factors that may affect bank pricing behaviour. It is the first time to investigate this issue from both perspectives of cost-effects and market structural changes associated with securitisation at the same time internationally by testing four major bank data. It finds that lender yield spreads (between the bank and mortgage corporation) are significantly related to bank market share, existing and new loan concentration indexes and the growth of securitisation, respectively. Findings further indicate that declined concentration and increased competition have significantly caused lender spread changes. The findings are consistent with both securitisation literature and price-concentration studies.
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherWorld Association of Sustainable Development (WASD) and Griffith University
dc.publisher.placeBrisbane and UK
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofconferencename5th Conference of the World-Association-for-Sustainable-Development (WASD)
dc.relation.ispartofconferencetitleMANAGING KNOWLEDGE, TECHNOLOGY AND DEVELOPMENT IN THE ERA OF INFORMATION REVOLUTION
dc.relation.ispartofdatefrom2007-10-29
dc.relation.ispartofdateto2007-10-31
dc.relation.ispartoflocationGriffith Univ, Brisbane, AUSTRALIA
dc.relation.ispartofpagefrom580
dc.relation.ispartofpageto594
dc.rights.retentionY
dc.subject.fieldofresearchcode350399
dc.titleSecuritisation, structural changes of Australian mortgage markets and bank pricing behaviour
dc.typeConference output
dc.type.descriptionE2 - Conferences (Non Refereed)
dc.type.codeE - Conference Publications
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2007
gro.hasfulltextNo Full Text
gro.griffith.authorLiu, Benjamin


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    Contains papers delivered by Griffith authors at national and international conferences.

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