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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Funding Behaviour
31 Dec 2013
RDP
2013-15
Changes in the composition of funding will alter the nature of liquidity risk in the banking sector. ... Changes in the banking sector's asset allocation can also affect total deposits in the economy.
https://www.rba.gov.au/publications/rdp/2013/2013-15/funding-behaviour.html
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The Australian Experience
1 Dec 1992
RDP
9213
These papers highlight the fact that the controls on the banking sector led to the establishment of non-bank financial institutions. ... that governments should exercise control over the banking system as part of their responsibility to manage the
https://www.rba.gov.au/publications/rdp/1992/9213/australian-experience.html
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Issues in Modelling Monetary Policy
1 Dec 2009
RDP
PDF
94KB
Blinder, A.S. (1995), ‘Central Banking in Theory and Practice’, Marshall Lectures,University of Cambridge, England, May. ... 9504. Lowe, P. and T. Rohling (1993), ‘Agency Costs, Balance Sheets and the BusinessCycle’, Reserve Bank of Australia
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9604.pdf
Liquidity Shocks and the US Housing Credit Crisis of 2007–2008
2 Feb 2015
RDP
PDF
756KB
During recessions,the share of credit flowing to borrowers with more severe asymmetric informationand agency problems, such as small firms, decreases. ... In the United States, the RMBS market can bedivided into two sectors: agency and non-agency (or
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-05.pdf
The Response of Financial Markets in Australia and New Zealand to News about the Asian Crisis
1 Dec 2009
RDP
PDF
676KB
We classify events relating to agreements between international agencies and crisis countries, announcements of rollovers of debt and certain reforms as ‘good news’; all other news events listed in Appendix A ... It also suggests possible inefficient
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-03.pdf
A Select Bibliography of Published Research by Staff of the Reserve Bank of Australia: 1991–2001
1 Dec 2009
RDP
PDF
201KB
7. 9311 Lowe PW and T Rohling, ‘Agency Costs, Balance Sheets and the Business Cycle’. ... 22. Ferguson R An Investment Banking Perspective on the Future of the Financial System.
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-10.pdf
References
1 May 1994
RDP
9402
1, pp. 83–139. Bernanke, B.S. and M. Gertler (1989), ‘Agency Costs, Net Worth and Business Fluctuations’,. ... and T. Rohling (1993), ‘Agency Costs, Balance Sheets and the Business Cycle’, Reserve Bank of Australia Research Discussion Paper No.
https://www.rba.gov.au/publications/rdp/1994/9402/references.html
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References
1 Dec 1993
RDP
9313
Jensen, M.C. (1986), ‘Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers’,. ... Rohling (1993), ‘Agency Costs, Balance Sheets and the Business Cycle’, Reserve Bank of Australia Research Discussion Paper forthcoming.
https://www.rba.gov.au/publications/rdp/1993/9313/references.html
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Loan Rate Stickiness: Theory and Evidence
31 Jan 2006
RDP
PDF
819KB
For a recent empirical evaluation of market structure in the Australian banking industry, see Fahrer and Rohling (1992). ... 2.1 Adverse Selection. Perhaps the most well known model concerning agency costs in banking is that developed by Stiglitz and
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9206.pdf
Understanding OECD Output Correlations
1 Dec 2009
RDP
PDF
226KB
15. ijtX and jitM are measured by different statistical agencies. See the data appendix for further discussion.
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-05.pdf