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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Bulletin March Quarter 2023
8 Jun 2023
Bulletin
- March 2023
PDF
7038KB
https://www.rba.gov.au/publications/bulletin/2023/mar/pdf/bulletin-2023-03.pdf
The Influence of Financial Factors on Corporate Investment
30 Nov 2009
RDP
PDF
53KB
4. Financial factors are generally introduced to standard investment models throughinformation asymmetries or through agency costs. ... S = sales. 13 In the Devereux and Schiantarelli (1989) model, agency/financial distress costs are modelled by.
https://www.rba.gov.au/publications/rdp/1994/pdf/rdp9402.pdf
Semi-Annual Statement on Monetary Policy
10 Nov 1998
Bulletin
– November 1998
One reason for that has been the state of the Japanese banking system, which has been a serious constraint on the economy for some time. ... The third element in the policy response has been a series of measures aimed at assisting the banking system to
https://www.rba.gov.au/publications/bulletin/1998/nov/1.html
Balance Sheet Restructuring and Investment
30 Nov 2009
RDP
PDF
95KB
Incentive problems (agency costs), financialdistress costs and asymmetric information increase the cost of external relative tointernal finance.5 A financing hierarchy results, in which internally generated cashflows are relatively cheap, debt
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9308.pdf
Why Do Companies Fail?
21 Nov 2016
RDP
PDF
1050KB
Research Discussion Paper. Why Do Companies Fail? Rose Kenney, Gianni La Cava and David Rodgers. RDP 2016-09. Figures in this publication were generated using Mathematica. The contents of this publication shall not be reproduced, sold or
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-09.pdf
Credit Spreads, Monetary Policy and the Price Puzzle
23 Jan 2020
RDP
PDF
1959KB
Credit Spreads, Monetary Policy and the Price Puzzle. Benjamin Beckers. Research Discussion Paper. R DP 2020 - 01. Figures in this publication were generated using Mathematica. The contents of this publication shall not be reproduced, sold or
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-01.pdf
Inflation Expectations and Economic Literacy
25 Jan 2024
Bulletin
– January 2024
The level of community awareness and understanding of basic economic issues can influence a central bank’s ability to achieve its goals, such as by anchoring the public’s inflation expectations in line with its inflation target.
https://www.rba.gov.au/publications/bulletin/2024/jan/inflation-expectations-and-economic-literacy.html
The Changing Australian Retail Payments Landscape
10 Jul 2003
Bulletin
– July 2003
On 1 July 1999, Commonwealth departments and agencies were required to ‘market test’ their transactional banking requirements and were permitted to use the banking services of institutions other than the Reserve ... Bank. Although some agencies have
https://www.rba.gov.au/publications/bulletin/2003/jul/1.html
The Impact of Financial Intermediaries on Resource Allocation and Economic Growth
1 Feb 2006
RDP
PDF
699KB
In particular, the adoption of a universal, as opposed to an arms-length, banking system is likely to reduce the costs associated with screening problems. ... However, DeLong (1991) argues that prior to World War I the US banking system was more like the
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9213.pdf
Statement on Monetary Policy
10 Feb 2002
Bulletin
– February 2002
Since then, controls on bank deposits have prevented the normal operation of the banking system. ... The rise reflected concerns that ratings agencies would further downgrade Japan's sovereign credit rating.
https://www.rba.gov.au/publications/bulletin/2002/feb/1.html