[1]  This is typical of many economies, though not for the United States. See Ellis L (2016), ‘Financial Stability and the Banking Sector’, Address to the Sydney Banking and Financial Stability Conference, 12 July. [2]  Bergmann M and A Nitscke (2016), ‘The Kangaroo Bond Market’, RBA  https://www.rba.gov.au/speeches/2017/sp-ag-2017-08-09.html  Bulletin, September, pp 47–52.
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