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RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
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Appendix A: Data
1 Jun 2015
RDP
2015-05
Australian Federal Police; RBA internal data. Credit card debt. The value of credit and charge card total balances as at the end of each quarter, whether or not incurring interest charges ... Scheme credit, debit and charge card fraud perpetrated in
https://www.rba.gov.au/publications/rdp/2015/2015-05/appendix-a.html
Robustness of Results
1 Jun 2015
RDP
2015-05
For example, our expectation is that credit card fraud would have a negative effect on credit card use. ... We would expect the counterfeiting shock to reduce the demand for banknotes and increase the aggregate use of credit cards, while the credit card
https://www.rba.gov.au/publications/rdp/2015/2015-05/robustness-results.html
Appendix B: Alternative Model
11 Sep 2015
RDP
2015-05
The response of banknotes in circulation and credit card debt are not statistically different to the baseline estimates. ... The response of banknotes in circulation to the counterfeiting shock is smaller in magnitude compared to the baseline, and the
https://www.rba.gov.au/publications/rdp/2015/2015-05/appendix-b.html
The Social Costs of Currency Counterfeiting
4 May 2015
RDP
2015-05
In response to a positive one standard deviation counterfeiting shock, the demand for banknotes declines and the use of credit cards and bank deposits increase.
https://www.rba.gov.au/publications/rdp/2015/2015-05.html
Introduction
1 Jun 2015
RDP
2015-05
close payment substitutes like debit cards and credit cards. ... In response to the same counterfeiting shock, bank deposits increase by 0.04 per cent and credit card use increases by 0.16 per cent.
https://www.rba.gov.au/publications/rdp/2015/2015-05/introduction.html
References
11 Sep 2015
RDP
2015-05
Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access. ,
https://www.rba.gov.au/publications/rdp/2015/2015-05/references.html
Conclusion
1 Jun 2015
RDP
2015-05
The stock of bank deposits and the stock of credit card debt are found to increase, which is consistent with the public substituting cash for other payment methods. ... Using separate data on the cost of making payments, we examine a scenario where cash
https://www.rba.gov.au/publications/rdp/2015/2015-05/conclusion.html
A Structural Model of Counterfeiting and Methods of Payment
11 Sep 2015
RDP
2015-05
Finally, the response of the stock of credit card debt is also positive which suggests that the public also increase their use of credit cards following a shock. ... Credit card. eftpos. Total. Average number of transactions (million). 332.4. 418.8.
https://www.rba.gov.au/publications/rdp/2015/2015-05/structural-model-counterfeiting-methods-payment.html
The Social Costs of Currency Counterfeiting
1 Jun 2015
RDP
2015-05
In Australia, studies have found that the average-sized cash transaction incurs lower social costs than average-sized credit card and debit card transactions (Schwartz et al 2008; Stewart et al ... However, some consumers will value the benefits of
https://www.rba.gov.au/publications/rdp/2015/2015-05/social-costs-currency-counterfeiting.html