Search: agency banking
RBA Glossary definition for agency banking
agency banking – Since 1 July 1999 all Australian Government departments and agencies have been responsible for their own individual banking arrangements. Under devolved banking arrangements, agencies are required to test the services previously provided by the Reserve Bank of Australia (RBA) against what is available from other financial institutions. However, the Australian Government's core account, the Official Public Account, remained with the RBA. A system sweeps balances of Australian Government departments and agencies from their transactional banker to the Official Public Account at the RBA each night.
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Liquidity Shocks and the US Housing Credit Crisis of 2007–2008
2 Feb 2015
RDP
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756KB
During recessions,the share of credit flowing to borrowers with more severe asymmetric informationand agency problems, such as small firms, decreases. ... In the United States, the RMBS market can bedivided into two sectors: agency and non-agency (or
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-05.pdf
The Response of Financial Markets in Australia and New Zealand to News about the Asian Crisis
1 Dec 2009
RDP
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676KB
We classify events relating to agreements between international agencies and crisis countries, announcements of rollovers of debt and certain reforms as ‘good news’; all other news events listed in Appendix A ... It also suggests possible inefficient
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-03.pdf
Dividends and Taxation: A Preliminary Investigation
31 Jan 2006
RDP
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401KB
695-700. Crockett, J. A. (19881, "Certain Dividends and Uncertain Capital Gains", Studies in Banking and Finance, 5, pp. ... C. and W. Meckling (19761, 'Theory of the Firm Managerial Behaviour, Agency Costs and Ownership Structures", Journal of Financial
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9211.pdf
The Role of Credit Supply in the Australian Economy
28 Jan 2015
RDP
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817KB
of, and likely return on, borrowed funds, which presents lenders with the usual agency costs such as adverse selection, moral hazard and monitoring costs (e.g. ... Stiglitz and Weiss 1981). These agency costs act as a friction against the supply of
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-02.pdf
Loan Rate Stickiness: Theory and Evidence
31 Jan 2006
RDP
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819KB
For a recent empirical evaluation of market structure in the Australian banking industry, see Fahrer and Rohling (1992). ... 2.1 Adverse Selection. Perhaps the most well known model concerning agency costs in banking is that developed by Stiglitz and
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9206.pdf
Understanding OECD Output Correlations
1 Dec 2009
RDP
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226KB
15. ijtX and jitM are measured by different statistical agencies. See the data appendix for further discussion.
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-05.pdf
The Cost of Capital: Some Issues
19 Nov 2012
RDP
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803KB
Nov. 1986 Restrictions on investments at interest in $A-denominated securities by foreign governments and their agencies were removed.
https://www.rba.gov.au/publications/rdp/1988/pdf/rdp8807.pdf
Financial Reform in Australia and China
4 Feb 2015
RDP
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1153KB
Banking sector regulations also had implications for the development of Australian corporate bond markets. ... Banking sector deregulation not only increased the challenges associated with capital flow management – arguably.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-10.pdf
More Potent Monetary Policy? Insights from a Threshold Model
30 Jul 2007
RDP
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201KB
Bernanke BS and M Gertler (1989),‘Agency Costs, Net Worth, and BusinessFluctuations’,American Economic Review, 79(1), pp 14–31. ... Evidence from a Regime-Switching Coefficients Model’,Journalof Money, Credit and Banking, 37(5), pp 865–886.
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-07.pdf
Measuring Economic Uncertainty and Its Effects
22 Feb 2016
RDP
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1096KB
should capture it. However, it is not the result of policy decisions by Australian agencies; indeed,.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-01.pdf