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RBA Glossary definition for systemic stability
systemic stability – The Reserve Bank of Australia has a general and longstanding responsibility for safeguarding the stability of the Australian financial system. In broad terms, financial system stability equates to smoothly functioning financial markets and the absence of financial disturbances that may threaten the health of the economy more broadly. The RBA can use its balance sheet to support a sound financial institution facing liquidity difficulties, should system stability be at risk.
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References
31 Dec 2001
RDP
2001-06
Kaufman G (1998), ‘Central Banks, Asset Bubbles and Financial Stability’, Federal Reserve Bank of Chicago Working Papers Series WP98/12. ... Laker J (1999), ‘Monitoring Financial System Stability’, Reserve Bank of Australia Bulletin, October, pp
https://www.rba.gov.au/publications/rdp/2001/2001-06/references.html