Search: money market
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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Changes in the Behaviour of Banks and Their Implications for Financial Aggregates
19 Nov 2012
RDP
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932KB
It led to major changes in the market shares of banks and merchant banks in the overnight money market. ... This allowed banks to compete for overnight funds in the short-term money market.
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8904.pdf
Currency Demand during the Global Financial Crisis: Evidence from Australia
2 Feb 2015
RDP
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633KB
While it is difficult to date the beginning of the crisis precisely, money market spreads first began to widen in August 2007 following a series of announcements of losses by financial ... Few papers have examined the stability of money demand over the
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-01.pdf
Identification and Inference under Narrative Restrictions
20 Oct 2023
RDP
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1128KB
Identification and Inference under Narrative Restrictions. Raffaella Giacomini, Toru Kitagawa and Matthew Read. Research Discussion Paper. R DP 2023- 07. Figures in this publication were generated using Mathematica. ISSN 1448-5109 (Online). The
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-07.pdf
Financial Deregulation and the Monetary Transmission Mechanism
19 Nov 2012
RDP
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718KB
This allowed banks to compete for short term funds in the overnight money market for the first time. ... Term Money Markets, Deregulation and Monetary Policy. Grenville, S. (1990), 'The Operation of Monetary Policy",.
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9008.pdf
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
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1886KB
money demand. Since my SVAR does not include any monetary aggregates, I do not consider such restrictions. ... measured by money market spreads) and uses cash rate expectations (proxied for by estimated.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
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1940KB
Sources: APRA; Authors’ calculations; Bank of Canada; Board of Governors of the Federal Reserve System; S&P Global Market.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf
MEETING ON MONETARY ISSUES Reserve Bank of Australia Research ...
15 Oct 2014
RDP
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980KB
Information and the market S. Appendix 6. II THE DEMAND FOR MONEY IN AUSTRALIA: A SELECTIVE SURVEY AND SOME UPDATED RESULTS 7. ... Daily market operations could seek to control the supply of the base and this, in turn, would control the growth of the
https://www.rba.gov.au/publications/rdp/1985/pdf/rdp8502.pdf
The Consequences of Low Interest Rates for the Australian Banking Sector
19 Dec 2022
RDP
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1588KB
International evidence suggests complete pass-through of negative policy rates to money market. ... to pay more to remove this risk (so the spreads between fixed lending rates and equivalent-maturity money market.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 May 2023
RDP
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1465KB
information at the time. This suggests that markets systematically misunderstand how the RBA. ... twelve months, and three-month changes in the (log) TWI, money market spread (3-month BBSW.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf
Firms’ Price-setting Behaviour: Insights from Earnings Calls
6 Nov 2023
RDP
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1677KB
and analysts from funds that manage money and sell financial products. ... central bank communication can change the market’s assessment of current economic conditions –. the so-called ‘communication channel’ of monetary policy. Bauer and Swanson
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-06.pdf