Search: Y2K
RBA Glossary definition for Y2K
Y2K – Year 2000. The Year 2000 problem was the possibility that financial institutions' computer systems would fail on 1 January 2000 and spark a loss of public confidence in individual institutions or at worst, in the financial system as a whole. In the event, the arrival of Y2K was virtually incident-free.
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Financial System Stability
3 Aug 2000
RBA Annual Report
– 2000
A first and unique test of Australia's new financial regulatory structure was the Y2K problem. ... Y2K problem on the financial system and satisfied with the reassurances received from their financial institutions.
https://www.rba.gov.au/publications/annual-reports/rba/2000/fin-sys-stability.html
Currency Demand Data
31 Dec 2013
RDP
2013-01
The first occasion was in preparation for the year-date change at the end of the millennium (that is, ‘Y2K’). ... To some extent this experience echoes the build-up of cash in banks on the eve of Y2K, where banks built up a buffer of currency.
https://www.rba.gov.au/publications/rdp/2013/2013-01/currency-demand-data.html
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Survival Modelling
1 Dec 2015
RDP
2015-10
0.30. 0.27. 0.22. Recoloured $5. 0.04. Federation $5. 0.34. Y2K. 0.02. ... On the other hand, Y2K did not have a statistically significant impact on the life span of $20 or $50 banknotes.
https://www.rba.gov.au/publications/rdp/2015/2015-10/survival-modelling.html
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Administration and Costs
3 Aug 2000
RBA Annual Report
– 2000
Overall, underlying operating costs rose in 1999/2000, but the rise was accounted for by the Y2K-related expenses. ... The share of costs attributable to note distribution rose in 1999/2000, reflecting the Y2K-related expenses referred to above.
https://www.rba.gov.au/publications/annual-reports/rba/2000/admin-costs.html
Administration and Costs
24 Aug 2001
RBA Annual Report
– 2001
Operating costs for 2000/01 are higher than in 1998/99, i.e. prior to the Y2K increase, partly because of the cost of establishing the Regional Offices. ... This Y2K-effect also distorted the share of costs due to the RBA's other functions in 1999/2000.
https://www.rba.gov.au/publications/annual-reports/rba/2001/admin-costs.html
Glossary
24 Aug 2001
RBA Annual Report
– 2001
Special drawing rights. Y2K. Year 2000.
https://www.rba.gov.au/publications/annual-reports/rba/2001/glossary.html
Glossary
21 Aug 2002
RBA Annual Report
– 2002
Special drawing rights. Y2K. Year 2000.
https://www.rba.gov.au/publications/annual-reports/rba/2002/glossary.html
Glossary
3 Aug 2000
RBA Annual Report
– 2000
Y2K. Year 2000.
https://www.rba.gov.au/publications/annual-reports/rba/2000/glossary.html
Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis? | Conference – 2008
14 Jul 2008
Conferences
Such a policy was clearly successful in the case of operations associated with the spikes in liquidity demand in the Y2K and September 11 episodes, as well as after the stock
https://www.rba.gov.au/publications/confs/2008/davis.html
Operations in Financial Markets
3 Aug 2000
RBA Annual Report
– 2000
tranche of Telstra and as they prepared for Y2K (discussed more fully below). ... The second, and less significant of the two, was the liquidity preparation for Y2K.
https://www.rba.gov.au/publications/annual-reports/rba/2000/oper-fin-mkts.html