why Sweden's central bank dumped Australian bonds
- Written by John Hawkins, Assistant professor, University of Canberra
What’s happening?
Suddenly, at the level of central banks, Australia is regarded as an investment risk.
On Wednesday Martin Flodén, the deputy governor of Sweden’s central bank, announced that because Australia and Canada were “not known for good climate work”.
As a result the bank had sold its holdings of bonds issued by the Canadian province of Alberta and by the Australian states of Queensland and Western Australia.
Authors: John Hawkins, Assistant professor, University of Canberra
Read more http://theconversation.com/climate-change-why-swedens-central-bank-dumped-australian-bonds-126766