Search: official reserve assets (RBA)
RBA Glossary definition for RBA
RBA – Reserve Bank of Australia. Australia's central bank, the body corporate successor to the Commonwealth Bank established in 1912; created under its new name by the Reserve Bank Act 1959.
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Why did it Happen?
1 May 1998
RDP
9805
denomination of external debt per se, but rather to the imbalance between short-term foreign-currency denominated liabilities and liquid foreign-currency denominated assets (international reserves). ... 3. Other flows (balancing item). 15. 29. 22. 31. 5.
https://www.rba.gov.au/publications/rdp/1998/1998-05/why-did-it-happen.html
What Happened?
1 May 1998
RDP
9805
data generally refer only to gross reserves and thus miss intervention by the authorities in the forward market. ... Despite its large stock of reserves, Taiwan opted on 20 October to allow its currency to depreciate.
https://www.rba.gov.au/publications/rdp/1998/1998-05/what-happened.html
Introduction
1 May 1998
RDP
9805
the trauma quickly spread out from its original locus to affect exchange rates and other asset prices in the region (and for a short while, in major industrial countries as well);. ... large, multilateral official rescue packages had to be mobilised; and.
https://www.rba.gov.au/publications/rdp/1998/1998-05/introduction.html