Discovery Projects - Grant ID: DP0556775

Funding Activity

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Funded Activity Summary

Risk Management for Bonds, Currencies and Commodities. Understanding maturity-structure policy is a neglected topic. It needs research before we can determine whether public debt policy should accommodate the emerging needs of self-funded retirees - for long-term debt, new issues of index bonds, and 'survivor' bonds. Planning for annuity-rate risk has lagged far behind the sales of complying pensions. Over 2003 the Australian dollar rose by 34 percent, revealing major deficiencies in the standard advice on managing currency risks to retirement incomes. Uninsured disruptions to electricity supply have been an issue (eg in California), and demonstrate a need for innovative financial instruments that cushion and spread the costs.

Funded Activity Details

Start Date: 01-01-2005

End Date: 30-06-2008

Funding Scheme: Discovery Projects

Funding Amount: $240,000.00

Funder: Australian Research Council