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Financial Markets and Instruments: - This academic unit studies the operation and nature of financial firms and markets in Australia as well as the economics of the financial system in which they work. A broad range of markets, securities and financial firms are investigated in detail, together with such concepts as interest rate and financial intermediation, and exchange rate determination.  The prominence is on how the instruments and markets used in them can be employed to manage financial risks which individuals, businesses, and governments confront.

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