Search: agency banking
RBA Glossary definition for agency banking
agency banking – Since 1 July 1999 all Australian Government departments and agencies have been responsible for their own individual banking arrangements. Under devolved banking arrangements, agencies are required to test the services previously provided by the Reserve Bank of Australia (RBA) against what is available from other financial institutions. However, the Australian Government's core account, the Official Public Account, remained with the RBA. A system sweeps balances of Australian Government departments and agencies from their transactional banker to the Official Public Account at the RBA each night.
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Central Bank Frameworks: Evolution or Revolution?
4 Jan 2023
Conferences
PDF
7522KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018.pdf
Asset Prices, Credit Constraints, and Macroeconmoic Fluctuations
2 Dec 2009
Research Workshop
PDF
368KB
Reserve Bank of Australia Research Workshop 2009
https://www.rba.gov.au/publications/workshops/research/2009/pdf/zha.pdf
Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States
25 May 2016
RDP
PDF
1165KB
the Federal Housing Finance Agency (FHFA), the US Census Bureau, and Carrillo, Early and. ... Sources: Bureau of Economic Analysis; Carrillo et al (2014); Federal Housing Finance Agency; Saiz (2010).
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-04.pdf
Identifying Repo Market Microstructure from Securities Transactions Data
13 Aug 2018
RDP
PDF
2622KB
Identifying Repo Market Microstructure from Securities Transactions Data. Nicholas Garvin. Research Discussion Paper. R D P 2018- 09. Figures in this publication were generated using Mathematica. The contents of this publication shall not be
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf
Credit Risk and the Macroeconomy: Evidence from an Estimated DSGE Model
20 Nov 2009
Research Workshop
PDF
727KB
Reserve Bank of Australia Research Workshop 2009
https://www.rba.gov.au/publications/workshops/research/2009/pdf/gilchrist.pdf
Balance Sheet Restructuring and Investment
30 Nov 2009
RDP
PDF
95KB
Incentive problems (agency costs), financialdistress costs and asymmetric information increase the cost of external relative tointernal finance.5 A financing hierarchy results, in which internally generated cashflows are relatively cheap, debt
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9308.pdf
Why Do Companies Fail?
21 Nov 2016
RDP
PDF
1050KB
Research Discussion Paper. Why Do Companies Fail? Rose Kenney, Gianni La Cava and David Rodgers. RDP 2016-09. Figures in this publication were generated using Mathematica. The contents of this publication shall not be reproduced, sold or
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-09.pdf
The Impact of Financial Intermediaries on Resource Allocation and Economic Growth
1 Feb 2006
RDP
PDF
699KB
In particular, the adoption of a universal, as opposed to an arms-length, banking system is likely to reduce the costs associated with screening problems. ... However, DeLong (1991) argues that prior to World War I the US banking system was more like the
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9213.pdf
The Determinants of Corporate Leverage: A Panel Data Analysis
30 Nov 2009
RDP
PDF
104KB
7Alternatively, agency costs may arise between managers and equity holders ifprojects are financed using debt. ... While the agency cost literature is replete with theoretical models, testableimplications are scarce.
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9313.pdf
The Impact of Rating Changes in Australian Financial Markets
2 Dec 2009
RDP
PDF
328KB
Accord is likely to give agencies a role in determining banks’ regulatory capital.1. ... Securities Commissions (2003). 2. The formal evidence on rating agency performance is mixed.
https://www.rba.gov.au/publications/rdp/2004/pdf/rdp2004-02.pdf