Search: bank accepted bill of exchange
RBA Glossary definition for bank accepted bill of exchange
bank accepted bill of exchange – A bank accepted bill of exchange is a bill of exchange that lists a bank as the acceptor of the bill. As an acceptor, a bank has a liability to pay the holder the face value of the bill at maturity. In certain circumstances, the liability is contingent on the borrower, or drawer, defaulting.
Search Results
The Debate on Alternatives for Monetary Policy in Australia | Conference – 1997
21 Jul 1997
Conferences
exchange-rate or commodity standards; and. laissez-faire approaches to the monetary standard. ... In principle, such a system could be operated either by a central bank or, as discussed below, by competing private banks subject to the convertibility
https://www.rba.gov.au/publications/confs/1997/edey.html
Inflation and Disinflation in Australia: 1950–91 | Conference – 1992
31 Dec 1950
Conferences
their bank deposit) with a corresponding asset held by the central bank in terms of foreign exchange. ... The Commonwealth Bank (at that time the central bank) issued directives about credit growth to the banks, and made very large calls to ‘special
https://www.rba.gov.au/publications/confs/1992/stevens.html
The Impact of Hedge Funds on Financial Markets: Lessons from the Experience of Australia | Conference – 1999
9 Aug 1999
Conferences
ID is the differential in interest rates on 3-month bank bills/bankers acceptances (in levels). ... balance sheet funding by banks, non-bank lending and possibly more detail on the currency and maturity profile of loans.
https://www.rba.gov.au/publications/confs/1999/rankin.html
Some Principles of Financial Regulation: Lessons from the United States | Conference – 1991
21 Jun 1991
Conferences
Treasury bills and the like are a perpetual threat to usurp the monetary function. ... Money market funds were initially created to amalgamate small individual balances for investment in large bank deposits, at a time when banks were allowed to pay
https://www.rba.gov.au/publications/confs/1991/wojnilower.html
The Cost of Inflation in Australia | Conference – 1992
10 Jul 1992
Conferences
One reason for this is the apparent difficulty economists have had in quantifying the costs of inflation within a broadly accepted framework. ... uncertainty. In Section 4 we consider the effects of inflation on interest rates and exchange rates.
https://www.rba.gov.au/publications/confs/1992/mctaggart.html
Banking Deregulation – A Virtue or a Necessity? | Conference – 1991
21 Jun 1991
Conferences
capital;. liquidity management;. large credit exposures;. foreign exchange exposures;. associations with non-banks;. ... In addition to capital controls, there are the various returns covering large credit and foreign exchange exposures and liquidity for
https://www.rba.gov.au/publications/confs/1991/ferguson.html
Globalisation, Poverty and Income Distribution: Does the Liberal Argument Hold? | Conference – 2002
27 May 2002
Conferences
Hence the Bank's claim that the number of people living in poverty fell by 200 million from 1980 to 1998 ought not to be accepted. ... 100.0. Sources: Arrighi and Silver (2002); World Bank (1984, 2000). But many economists say that exchange rate-based
https://www.rba.gov.au/publications/confs/2002/wade.html
Promoting Liquidity: Why and How? | Conference – 2008
14 Jul 2008
Conferences
As Bill McDonough, the then Head of the Federal Reserve Bank of New York, said in the wake of LTCM's problems, the closing out of these positions ‘… would have caused ... In the 1960s, around 30 per cent of the banks' total assets were held in
https://www.rba.gov.au/publications/confs/2008/kearns-lowe.html
Explaining Global Market Turmoil: A Fresh Perspective on its Origins and Nature | Conference – 1999
9 Aug 1999
Conferences
Historically, asset markets have always exhibited overshoot, and people accepted this as natural, if unfortunate. ... This is because life was very simple during the Bretton Woods era when exchange rates were largely fixed.
https://www.rba.gov.au/publications/confs/1999/brock.html
Discussion on Determinants of Agricultural and Mineral Commodity Prices | Conference – 2009
17 Aug 2009
Conferences
by encouraging speculators to shift out of commodity contracts (especially spot contracts), and into treasury bills. ... Dornbusch R (1976), ‘Expectations and Exchange Rate Dynamics’, Journal of Political Economy, 84(6), pp 1161–1176.
https://www.rba.gov.au/publications/confs/2009/frankel-rose-disc.html