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RBA Glossary definition for systemic stability
systemic stability – The Reserve Bank of Australia has a general and longstanding responsibility for safeguarding the stability of the Australian financial system. In broad terms, financial system stability equates to smoothly functioning financial markets and the absence of financial disturbances that may threaten the health of the economy more broadly. The RBA can use its balance sheet to support a sound financial institution facing liquidity difficulties, should system stability be at risk.
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Background | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
We ask the FSB [Financial Stability Board] and its relevant members to assess regularly implementation and whether it is sufficient to improve transparency in the derivatives markets, mitigate systemic risk, and ... In April 2008, the Financial Stability
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/background.html
Promoting Liquidity: Why and How?
2 Dec 2009
RDP
PDF
484KB
The broad question that this paper examines is how public policy should best address this market failure, particularly in situations in which there is a potential threat to the stability of ... According to this view, overall social welfare can be
https://www.rba.gov.au/publications/rdp/2008/pdf/rdp2008-06.pdf
Asset Prices, Credit Growth, Monetary and Other Policies: An Australian Case Study
14 Sep 2010
RDP
PDF
296KB
mix of policies that is likely to be effective in maintaining stability of the macroeconomy. ... institutions to systemic risks (Bank of England 2009, Squam Lake Working Group on Financial Regulation 2009 and Caruana 2010).
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-06.pdf
Annex | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
payment system stability. ... In part, the revisions to these principles reflect the increasing recognition of the systemic importance of clearing and settlement facilities; with respect to CCPs, it also acknowledges that their systemic importance
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/annex.html
Payment System Design and Participant Operational Disruptions
28 Jan 2015
RDP
PDF
578KB
Such hybrid features have the potential to mitigate the systemic effect of participants’ operational disruptions. ... Another measure of the systemic impact is the simulator’s settlement delay indicator.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-05.pdf
Credit, Money, Interest and Prices
26 Nov 2018
Research Workshop
PDF
1403KB
A Model of Intermediation, Money, Interest, andPrices. DRAFT: November 2018. Saki Bigio† and Yuliy Sannikov‡. November 21, 2018. Abstract. A model integrates a modern implementation of monetary policy into an incomplete-. markets monetary
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-bigio.pdf
References
9 Oct 2019
RDP
2019-10
Cassola N and F Koulischer (2019), ‘The Collateral Channel of Open Market Operations’, Journal of Financial Stability, 41, pp 73–90. ... Stein JC (2012), ‘Monetary Policy as Financial Stability Regulation’, The Quarterly Journal of Economics,
https://www.rba.gov.au/publications/rdp/2019/2019-10/references.html
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Executive Summary | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
A third consideration is the implications that central clearing might have for financial stability. ... On the other hand, risk and stability considerations point towards a domestic solution.
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/executive-summary.html
Central Counterparty Loss Allocation and Transmission of Financial Stress
16 Mar 2015
RDP
PDF
1285KB
This paper looks more closely at the implications of these reforms for the stability of the financial network. ... JEL Classification Numbers: E42, G17, G230 Keywords: clearing, netting, financial stability, central counterparty, derivatives,.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-02.pdf
Credit Losses at Australian Banks: 1980–2013
8 May 2015
RDP
PDF
1495KB
been the underlying driver of most systemic banking crises in advanced economies over recent decades. ... As well as underlining the importance of lending standards, these findings have practical implications for the conduct of financial stability
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-06.pdf