Concluding remarks To conclude, the main purpose of my speech today has been to run you through some of the notable changes in the composition of capital flows into Australia that have taken place over the past seven years or so and indicate how they might evolve in the period ahead.
The major developments have been firstly, a marked reduction of net offshore debt issuance by the Australian banking sector; a trend which may be expected to continue for a while yet. Secondly, there has been a sizeable capital inflow (at least notionally) to fund the resources investment boom.