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RBA Glossary definition for money market

money market – The market which deals in short-term discount securities such as Treasury notes, bank bills and promissory notes. Major participants in this market include the Reserve Bank of Australia, banks, superannuation funds, insurance companies, investment trusts, investment banks, building societies and large corporates.

Search Results

Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
Market conditions are therefore not easy to assess and often dependent on anecdotal evidence. ... operations. Several insights allow us to better understand the dynamics underpinning the repo market.
https://www.rba.gov.au/publications/rdp/2024/2024-03.html

Open Market Operations

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
Open Market Operations. Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson. ... Money markets are therefore interconnected, even if there are some barriers to perfect and riskless arbitrage (Cheung and Printant 2019).
https://www.rba.gov.au/publications/rdp/2024/2024-03/open-market-operations.html

Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
Money markets are therefore interconnected, even if there are some barriers to perfect and riskless arbitrage (Cheung and Printant 2019). ... The repo market might therefore have been part of arbitrage in money markets.
https://www.rba.gov.au/publications/rdp/2024/2024-03/full.html

Non-technical summary for ‘Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020’

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
However, there is a lack of readily available data on the repo market. ... As such, our framework to measure liquidity demand serves as a tool of market monitoring.
https://www.rba.gov.au/publications/rdp/2024/2024-03/non-technical-summary.html

Application to Reserve Bank Open Market Operations Data

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
This outcome may have reflected the link between demand in open market operations and developments in other markets which can often exhibit higher volatility in price outcomes. ... The repo market might therefore have been part of arbitrage in money
https://www.rba.gov.au/publications/rdp/2024/2024-03/application-to-reserve-bank-open-market-operations-data.html

Conclusion

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
RDP 2024-03: Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020 6. ... Repo rates then declined again as market conditions settled but their spread to unsecured rates remained positive.
https://www.rba.gov.au/publications/rdp/2024/2024-03/conclusion.html

Appendix B: Estimation of Demand Elasticity

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
RDP 2024-03: Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020 Appendix B: Estimation of Demand Elasticity.
https://www.rba.gov.au/publications/rdp/2024/2024-03/appendix-b.html

Elasticity of Demand and What It Can Tell Us

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
RDP 2024-03: Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020 5. ... Using an empirical framework, we estimate the price elasticity of demand for liquidity obtained under reverse repo in open market operations
https://www.rba.gov.au/publications/rdp/2024/2024-03/elasticity-of-demand-and-what-it-can-tell-us.html

Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020

21 Mar 2024 RDP 2024-03
Jonathan Hambur
Research Discussion Paper – RDP 2024-03 Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020. ... Most of this work was completed while the authors were working on monetary policy implementation, liquidity and
https://www.rba.gov.au/publications/rdp/2024/2024-03/sections.html

Appendix A: Demand, Marginal Valuation and the Cumulative Bid Function

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
RDP 2024-03: Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020 Appendix A: Demand, Marginal Valuation and the Cumulative Bid Function.
https://www.rba.gov.au/publications/rdp/2024/2024-03/appendix-a.html