This is because while European and Japanese banks also raise funds in the US money markets, they do so to fund $ assets, rather than assets in their own currencies. 5 Debelle G (2017), ‘Business Investment in Australia’, Speech at UBS Australasia Conference, Sydney,  13 November. 6 See RBA (2018), ‘Box C: Spillovers from Public Investment’, Statement on Monetary Policy, February, pp 40–42.
In reviewing policies and systems, including financial regulation and supervision, it is very important that each jurisdiction strives to find an answer that best fits its own financial and economic structures. 3  See Masaaki Shirakawa, “Way Out of Economic and Financial Crisis: Lessons and Policy Actions”, speech at Japan Society in New York (April 2009) for discussion on the so-called “lost decade”.