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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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Appendix 3: Speed of Adjustment

1 Sep 1995 RDP 9506
Gordon de Brouwer
Short-run dynamics are fast and speed up the adjustment to equilibrium as they eliminate the disequilibrium that exists between the money and institutional rate.
https://www.rba.gov.au/publications/rdp/1995/9506/appendix-3.html

A Discussion on Domestic Integration

1 Sep 1995 RDP 9506
Gordon de Brouwer
By country, correlations are higher and the adjustment to equilibrium is relatively fast in Australia, Canada, Japan, Malaysia (deposit rates only), the Philippines and the United States. ... This is considerably faster than the 80M1–84M12 period but
https://www.rba.gov.au/publications/rdp/1995/9506/discussion-on-domestic-integration.html