RESEARCH PUBLICATIONS

 

OP-EDS

 

PRESENTATIONS

 

WORKING PAPERS

 

C-V

 

ACFS PAPERS

 

KEVIN DAVIS

 

Professor of Finance, Department of Finance, The University of Melbourne*

Room 11-019, "The Spot", Faculty of Business and Economics

The University of Melbourne, Victoria, 3010 Australia

and

Research Director, Australian Centre for Financial Studies

Level 43, 80 Collins Street, Melbourne, Victoria, 3000, Australia

Ph: +61 3 8344 5098 (Uni) or

+61 3 9666 1050 (ACFS)

Mobile: 0409 970 559

Email: kevin.davis@australiancentre.com.au

 

* As of January 3, 2012 I am on leave from Melbourne University and have an temporary appointment as Professor of Finance at Monash University linked to my role with ACFS

   

Research Areas

Recent Additions 

Miscellany 

Credit Unions and Demutualisation  

Australian Financial Sector Development and Regulation 

Protecting Employee Entitlements 

Access Pricing 

Derivatives, Financial Engineering and Innovation 

Corporate Finance and Taxation

The Global Financial Crisis 

Banking and Funds Management 

Financial Regulation

Other

2012

Small Cap Equity Raisings: Are the ASX Proposals the Best Option (ACFS Financial Regulation Discussion Paper 2012-2), May 14, 2012

Buybacks Beware (ACFS commentary, with Christine Brown) May 3, 2012

Don't forget the debt: there's more to fiscal prudence than a return to surplus (The Conversation, May 2, 2012)

Too Big to Swallow (published in Business Spectator (May 1, 2012) as The Four Big Elephants in the Room

A system at risk: the case for regulatory overhaul in Australia's banking sector, (on The Conversation)

ANZSFRC Statement No 10 Do the Big Four Australasian Banks Require Special Regulation? April 12, 2012

Superannuation: Individual experiences over the past decade (An ACFS report for AIST using data from the HILDA survey), March 2012

Can a Corporate Bond Market solve the Super Equity Bias? (Australian Financial Review op-ed 20 March 2012 - retitled as "Traps lurking in new corporate bond market"

Interview with Satyajit Das (on The Conversation)

Banking Profitability, Bank Capital and Competitition (Australian Centre for Financial Studies, Financial Regulation Discussion Paper 2012-1, 20 February 2012)

Slower Credit Growth: A Benefit for Bank Capital Positions (Australian Financial Review op-ed 21 February 2012 - retitled as "Benefits of Slower Credit Growth)

Rates of wrath: understanding the Big Four's actions on interest rates (The Conversation, 15 Feb 2012)

Sky News Interview on Bank Interest Rates 9 February 2012

Why the Equity Bias (Australian Financial Review op-ed (retitled "Tax system drives us to equities") 7 Feb 2012)

Higher Bank Capital: What's Wrong with That? (Australian Financial Review op-ed (retitled "Social Dimension to Bank Capital Ratios"), 30 Jan 2012)

Finance Sector Employment on a Slippery Slope (Australian Financial Review op-ed 18 Jan 2012)

Stapled Securities: Antipodean Anomaly or Adaptable Innovation (working paper) January 2012

2011

"The Global Financial Crisis and Financial Regulation in the Antipodes" by Christine Brown, Kevin Davis, Mervyn Lewis, David Mayes, in R Litan (ed) WORLD IN CRISIS: Insights from Six Shadow Financial Regulatory Committees From Around the World http://finance.wharton.upenn.edu/FIC/FICPress/crisis.pdf

Should Banks Be Compelled to Pass on Interest Rate Cuts? (The Conversation, 6 Dec, 2011) 

Eurozone debt on ABC 24 9 December 2011

Superannuation: Trends and Issues (ACFS-KPMG report)

The contagion effect: how much will Australian banks be buffeted by Europe? (The Conversation, 24 November 2011)

12 per cent: What's it worth? (ACFS report for AIST)

Rogue Traders (comments on ABC Inside Business, Sunday 2 Oct)

The Vickers Report: Implications for Australia (ACFS FRDP 2011-4)

Response to the Exposure Draft of the 2011 Strategic Roadmap for Australian Research Infrastructure

Living Wills (The Conversation, 7 October 2011) also on Business Spectator

Different Times - Less Fuss on Deposit guarantee (AFR 14 Sept 2011)

Private Saving: The Role of Life Event Products (ACFS Report for Abacus)

The role of credit ratings agencies (The Conversation, 2 August 2011)

Household Saving and Investing for Life-Cycle Events:Government Incentives and Insurance Bonds

The Australian Financial System in the 2000s (Reserve Bank Conference Paper) (August 2011)

Taxes, Tenders and the Design of Australian Off-Market Share Repurchases (August 2011)

Million Dollar cap doesn't fit (AFR 8 June 2011)

Regulatory Reform after the Global Financial Crisis (MAFC Quarterly #11, May 2011)

Cost of Equity Issues: A further report for the AER

Deposit Insurance - Getting the Financial Claims Scheme Settled (ACFS, FRDP 2011-03)

Basel III - Liquidity Options (ACFS, FRDP, 2011-02)

Self Managed is the Key (op-ed, AFR 16 April 2011)

Risk Sharing and Access Pricing

 The Future of Australian Bank Funding (ACFS-KPMG Report)

Regulatory Reform Post the Global Financial Crisis: An Overview

Off-market share repurchases: policies wanted (ACFS, FRDP 2011-01)

Buybacks - what is happening? (op-ed, AFR 9 March 2011)

Mortgage fees must be transparent (op-ed, AFR 24 Feb 2011)

Cost of Equity Issues: A Report for the AER

2010

Its Easy to Exit from Exit Fees (op-ed)

Are Tax Incentives Needed for a Fifth Pillar (op-ed)

ACFS FRDP 2010-06 What is "fair" taxation of credit unions

Housing Mortgage Contract Design and Banking Sector Competition (Senate Economics Committee Bank Competition Inquiry, Submission #8)

Taking off the bank fee blindfold (op-ed)

ACFS FRDP 2010-05 Mortgages: Time to Redesign

Mortgage Contract Redesign (op-ed)

Mortgage Market: Time for Reform (op-ed)

Mortgage Interest Rates and Mortgage Contracts (op-ed)

So many ways to sell a corporate bond (op-ed)

Why Pre-Tax Discount Rates Should be Avoided (working paper) 

The Urgent task of Recapitalizing banks: Doing it Gradually (op-ed)

Bank Governance: What do we know; What should we do? (working paper)

ACFS FRDP 2010-04 Why be Afraid of Higher Bank Capital Requirements?

Rethinking Financial Regulation (Melbourne University Insights)

Financial Wellbeing in Retirement (AFCS-Finsia Monograph)

ACFS FRDP 2010-03 Leverage and Self Managed Super Funds

ACFS FRDP 2010-02 Deregulating Retail Bond Issuance

ACFS FRDP 2010-01 Taxing the Banks

Bank Capital Adequacy: Where to Now? (working paper). Published in Regulatory Failure and the Global Financial Crisis: An Australian Perspective edited by Mohamed Ariff, John Farrar and Ahmed M. Khalid

Regulation of Managed Investments: Lessons from the Great Southern Failure (published JASSA)

Videos

Op-Eds and Commentary 

Australia-New Zealand Shadow Financial Regulatory Committee

ACFS Roundtable: Disability Insurance

ACFS Roundtable: Super and Insurance

Protection of Retail Investors in Australia - background information 

Capitalising Credit Unions - a plan for survival

A Melbourne Commerce Academic's Lot  (a bit of Xmas party doggerel)