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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.

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Valuing Safety and Privacy in Retail Central Bank Digital Currency

11 Apr 2024 RDP 2024-02
Zan Fairweather, Denzil Fiebig, Adam Gorajek, Rochelle Guttmann, June Ma and Jack Mulqueeney
access to a digital form of money that is even safer and potentially more private than commercial bank deposits. ... To conduct our exploration we run a discrete choice experiment, which is a technique designed specifically for assessing public
https://www.rba.gov.au/publications/rdp/2024/2024-02.html

Introduction

11 Apr 2024 RDP 2024-02
Zan Fairweather, Denzil Fiebig, Adam Gorajek, Rochelle Guttmann, June Ma and Jack Mulqueeney
This is one of the main value propositions of a CBDC, since money issued by the RBA has no credit risk. ... Our results suggest that Australians on average are not willing to pay anything for the added safety of digital central bank money (Figure 1).
https://www.rba.gov.au/publications/rdp/2024/2024-02/introduction.html

Valuing Safety and Privacy in Retail Central Bank Digital Currency

11 Apr 2024 RDP 2024-02
Zan Fairweather, Denzil Fiebig, Adam Gorajek, Rochelle Guttmann, June Ma and Jack Mulqueeney
This is one of the main value propositions of a CBDC, since money issued by the RBA has no credit risk. ... This is consistent with bank deposits already being perceived by the public as a safe form of money.
https://www.rba.gov.au/publications/rdp/2024/2024-02/full.html

References

11 Apr 2024 RDP 2024-02
Zan Fairweather, Denzil Fiebig, Adam Gorajek, Rochelle Guttmann, June Ma and Jack Mulqueeney
Worry about Their Money's Safety in Banks’, Gallop website, News, 4 May, accessed 18 October 2023. ... RBNZ (Reserve Bank of New Zealand) (2022), ‘Future of Money – To Moni Anamata: Summary of Responses to Our 2021 Issues Papers’, April.
https://www.rba.gov.au/publications/rdp/2024/2024-02/references.html

Summary and Discussion

11 Apr 2024 RDP 2024-02
Zan Fairweather, Denzil Fiebig, Adam Gorajek, Rochelle Guttmann, June Ma and Jack Mulqueeney
This is consistent with bank deposits already being perceived by the public as a safe form of money. ... The RBA has expressed ‘a strong presumption that any issuance of CBDC in a market economy like Australia would be via a two-tier system’, whereby
https://www.rba.gov.au/publications/rdp/2024/2024-02/summary-and-discussion.html