Financial Stability Review March 2004

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Contents

• Foreword
• Overview
• The Macroeconomic Environment
• Box A: Tax Data on Households' Property Investment Exposures
• Box B: The Use of Debt Agreements as an Alternative to Personal Bankruptcy
• Financial Intermediaries
• Developments in the Financial System Infrastructure

Articles

• The Australian High-Value Payments System

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• Credit Quality in the Australian Non-Government Bond Market

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• List of graphs
• List of tables
• List of figures

The material in this Financial Stability Review was finalised on 23 March 2004.

ISSN 1449–3896 (Print)
ISSN 1449–5260 (Online)