Search: Y2K
RBA Glossary definition for Y2K
Y2K – Year 2000. The Year 2000 problem was the possibility that financial institutions' computer systems would fail on 1 January 2000 and spark a loss of public confidence in individual institutions or at worst, in the financial system as a whole. In the event, the arrival of Y2K was virtually incident-free.
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Semi-Annual Statement on Monetary Policy
13 Jul 2009
SMP
PDF
39KB
Reserve Bank of Australia Bulletin November 1999
https://www.rba.gov.au/publications/smp/1999/nov/pdf/box-c.pdf
Currency Demand Data
31 Dec 2013
RDP
2013-01
The first occasion was in preparation for the year-date change at the end of the millennium (that is, ‘Y2K’). ... To some extent this experience echoes the build-up of cash in banks on the eve of Y2K, where banks built up a buffer of currency.
https://www.rba.gov.au/publications/rdp/2013/2013-01/currency-demand-data.html
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Currency Demand during the Global Financial Crisis: Evidence from Australia
2 Feb 2015
RDP
PDF
633KB
11. The first occasion was in preparation for the year-date change at the end of the millennium (that is, ‘Y2K’). ... 8 To some extent this experience echoes the build-up of cash in banks on the eve of Y2K, where banks built up a buffer of currency.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-01.pdf
Survival Modelling
1 Dec 2015
RDP
2015-10
0.30. 0.27. 0.22. Recoloured $5. 0.04. Federation $5. 0.34. Y2K. 0.02. ... On the other hand, Y2K did not have a statistically significant impact on the life span of $20 or $50 banknotes.
https://www.rba.gov.au/publications/rdp/2015/2015-10/survival-modelling.html
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Statement to Parliamentary Committee
26 Feb 2001
Bulletin
PDF
57KB
The main point I want to make is that theAustralian financial system is very wellprepared for Y2K. ... safe. Because thesimple fact is that their deposits are safe andtheir records are not at risk from Y2K-relatedproblems.
https://www.rba.gov.au/publications/bulletin/1999/jul/pdf/bu-0799-1.pdf
Statement on Monetary Policy
30 Jul 2003
SMP
PDF
48KB
37. rapid, reflecting several factors such as thepreparations for Y2K, the new tax system,and, to a lesser extent, the Olympics, as wellas the expansion of telecommunicationsnetworks following the deregulation of
https://www.rba.gov.au/publications/smp/2001/nov/pdf/box-a.pdf
A Snapshot of Inflation Targeting in its Adolescence
27 Nov 2006
Conferences
PDF
283KB
RBA Conference Volume 2004
https://www.rba.gov.au/publications/confs/2004/pdf/kuttner.pdf
RBA Annual Report - Administration and Costs
28 Aug 2001
Annual Report
PDF
80KB
distributing currency around Y2K. Operating costs. for 2000/01 are higher than in 1998/99,. ... distribution decreased in 2000/01, reflecting the. reversal of the Y2K-related impact referred to.
https://www.rba.gov.au/publications/annual-reports/rba/2001/pdf/admin-costs.pdf
Semi-Annual Statement on Monetary Policy
10 May 2000
Bulletin
– May 2000
Bulletin – May 2000 Semi-Annual Statement on Monetary Policy. Download the complete Statement 521. KB. The Australian economy has continued to perform strongly during the past year. In 1999 growth once again exceeded 4 per cent, and a good pace
https://www.rba.gov.au/publications/bulletin/2000/may/1.html
Administration and Costs
24 Aug 2001
RBA Annual Report
– 2001
Operating costs for 2000/01 are higher than in 1998/99, i.e. prior to the Y2K increase, partly because of the cost of establishing the Regional Offices. ... This Y2K-effect also distorted the share of costs due to the RBA's other functions in 1999/2000.
https://www.rba.gov.au/publications/annual-reports/rba/2001/admin-costs.html