The government has called an election and is now in caretaker

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21 September 2000

# 3. What is making Australia a global financial centre?

DID YOU KNOW …

Deep and liquid debt markets

  • At the end of 1999 Australia had the 10th largest debt market in the world and the second largest in the Asia Pacific (ex-Japan).
  • Debt on issue in Australia at that time was close to $US260 billion. Australia’s non-government debt market ranked 7th largest in the world.
  • Australia’s government securities market offers a level of liquidity that compares with the most liquid markets in the world.
Deep and liquid debt markets

Source: Axiss Australia, Executive Briefing, Australian Debt Securities Markets, September 2000