Search: CLS Bank
RBA Glossary definition for CLS Bank
CLS Bank – CLS Bank is a multi-currency bank, regulated by the Federal Reserve Bank of New York, which uses central bank funds to simultaneously settle cross-currency transactions in real time through a process known as Continuous Linked Settlement (CLS).
RBA Glossary definition for CLS
CLS – Continuous Linked Settlement. A process enabling simultaneous foreign exchange settlement across the globe, eliminating the settlement risk caused by delays arising from time-zone differences.
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References
31 Dec 2010
RDP
2010-01
Dennis R (2006), ‘The Frequency of Price Adjustment and New Keynesian Business Cycle Dynamics’, Federal Reserve Bank of San Francisco Working Paper No 2006-22. ... Schorfheide F (2008), ‘DSGE Model-Based Estimation of the New Keynesian Phillips
https://www.rba.gov.au/publications/rdp/2010/2010-01/references.html
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The Impact of Payment System Design on Tiering Incentives
28 Jan 2015
RDP
PDF
862KB
Excluding a number of participants for which indirect settlement would be unrealistic (such as the 4 largest participants, CLS Bank and the RBA), there are 49 participants altogether that are considered ... system that does not have a central queue. 14
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-06.pdf
References
11 Jun 2008
RDP
2008-03
Evans CL and DA Marshall (1998), ‘Monetary Policy and the Term Structure of Nominal Interest Rates: Evidence and Theory’, Carnegie-Rochester Conference Series on Public Policy, 49, pp 53–111. ... Rudebusch GD and T Wu (2004), ‘A Macro-Finance
https://www.rba.gov.au/publications/rdp/2008/2008-03/references.html
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References
1 Aug 2021
RDP
2021-09
Chua CL and T Robinson (2018), ‘Why Has Australian Wages Growth Been so Low? ... RBA (Reserve Bank of Australia) (2021a), ‘Minutes of the Monetary Policy Meeting of the Reserve Bank Board’, Videoconference – 6 July 2021’.
https://www.rba.gov.au/publications/rdp/2021/2021-09/references.html
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References
31 Dec 2010
RDP
2010-02
Economy’, FEDS Working Paper No 2007-08. Eichenbaum M and CL Evans (1995), ‘Some Empirical Evidence on the Effects of Shocks to Monetary Policy on Exchange Rates’, Quarterly Journal of Economics, ... Evans GW and S Honkapohja (2007), ‘Expectations
https://www.rba.gov.au/publications/rdp/2010/2010-02/references.html
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References
31 Dec 2007
RDP
2007-12
A Summary of New Micro Evidence’, European Central Bank Working Paper Series No 563. ... Evidence Based on the Micro Data Underlying the Belgian CPI’, European Central Bank Working Paper Series No 331.
https://www.rba.gov.au/publications/rdp/2007/2007-12/reference.html
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References
31 Dec 2005
RDP
2005-02
American Economic Review. , 93(1), pp 38–62. Archer D, A Brookes and M Reddell (1999), ‘A cash rate system for implementing monetary policy’, Reserve Bank of New Zealand Bulletin, ... And what don't we know?)’, Reserve Bank of Australia. Bulletin.
https://www.rba.gov.au/publications/rdp/2005/2005-02/references.html
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References
31 Dec 2014
RDP
2014-13
Econometrica. , 68(2), pp 275–307. Elul R (2006), ‘Residential Mortgage Default’, Federal Reserve Bank of Philadelphia. ... Journal of the American Statistical Association. , 94(446), pp 496–509. Foote CL, K Gerardi and PS Willen (2008),
https://www.rba.gov.au/publications/rdp/2014/2014-13/references.html
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Payment System Design and Participant Operational Disruptions
28 Jan 2015
RDP
PDF
578KB
For simplicity, we allow unlimited liquidity for the RBA, CLS Bank and the settlement accounts of the equity and futures clearing and settlement systems. ... If participants do not react, the daily average proportion of. 16 Excluding the RBA, CLS Bank
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-05.pdf
References
1 Jun 2015
RDP
2015-04
Download the Paper 738. KB. Atkeson A and LE Ohanian (2001), ‘Are Phillips Curves Useful for Forecasting Inflation?’, Federal Reserve Bank of Minneapolis. ... The Quarterly Journal of Economics. , 118(1), pp 269–298. Christiano LJ, M Eichenbaum and
https://www.rba.gov.au/publications/rdp/2015/2015-04/references.html
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