Search: bank accepted bill of exchange
RBA Glossary definition for bank accepted bill of exchange
bank accepted bill of exchange – A bank accepted bill of exchange is a bill of exchange that lists a bank as the acceptor of the bill. As an acceptor, a bank has a liability to pay the holder the face value of the bill at maturity. In certain circumstances, the liability is contingent on the borrower, or drawer, defaulting.
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Robust Design Principles for Monetary Policy Committees | Conference – 2018
12 Apr 2018
Conferences
In late 1992, the government of Venezuela granted statutory independence to the central bank in a reform bill that was seen as a paragon of the Washington Consensus. ... By spring 1994, however, the administration indicated that it expected the central
https://www.rba.gov.au/publications/confs/2018/archer-levin.html
The Economics of Shadow Banking | Conference – 2013
19 Aug 2013
Conferences
Section 5 introduces the role of central banks in the non-bank/bank nexus since they are now (and will be in the near future) a major player in the collateral ... The US market is serviced by two clearing banks, Bank of New York and JPMorgan, both
https://www.rba.gov.au/publications/confs/2013/singh.html
Discussion on Determinants of Agricultural and Mineral Commodity Prices | Conference – 2009
17 Aug 2009
Conferences
by encouraging speculators to shift out of commodity contracts (especially spot contracts), and into treasury bills. ... Dornbusch R (1976), ‘Expectations and Exchange Rate Dynamics’, Journal of Political Economy, 84(6), pp 1161–1176.
https://www.rba.gov.au/publications/confs/2009/frankel-rose-disc.html
Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
banks can borrow or lend with the central bank – ensure as best they can that expectations for rates on future days in the maintenance period are around the target rate. ... It could also foster reliance by banks on direct central bank credit which is
https://www.rba.gov.au/publications/confs/2008/hilton.html
Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis? | Conference – 2008
14 Jul 2008
Conferences
Once one bank has experienced a run, there is the possibility of contagion, with runs on other banks. ... The former protects the central bank from credit risk and encourages the banks to lend at lower risk (Goodhart 2007).
https://www.rba.gov.au/publications/confs/2008/davis.html
Promoting Liquidity: Why and How? | Conference – 2008
14 Jul 2008
Conferences
As Bill McDonough, the then Head of the Federal Reserve Bank of New York, said in the wake of LTCM's problems, the closing out of these positions ‘… would have caused ... In the 1960s, around 30 per cent of the banks' total assets were held in
https://www.rba.gov.au/publications/confs/2008/kearns-lowe.html
A Perspective on Monetary Policy Transparency and Communication | Conference – 2004
9 Aug 2004
Conferences
1. Introduction. The subject of central bank communication has received growing attention in recent years, at the same time as central banks themselves have increased their efforts at communicating with the ... Reserve Bank of New Zealand. GDP
https://www.rba.gov.au/publications/confs/2004/edey-stone.html
Round-table/Wrap-up Discussion | Conference – 2003
18 Aug 2003
Conferences
What then can a central bank reasonably do? Here Steve came into his own. ... Could monetary policy stop bank failures by preventing a property boom from collapsing?
https://www.rba.gov.au/publications/confs/2003/round-table.html
Globalisation, Poverty and Income Distribution: Does the Liberal Argument Hold? | Conference – 2002
27 May 2002
Conferences
Hence the Bank's claim that the number of people living in poverty fell by 200 million from 1980 to 1998 ought not to be accepted. ... 100.0. Sources: Arrighi and Silver (2002); World Bank (1984, 2000). But many economists say that exchange rate-based
https://www.rba.gov.au/publications/confs/2002/wade.html
Setting Monetary Policy in East Asia: Goals, Developments and Institutions | Conference – 2001
24 Jul 2001
Conferences
Bill White, present at the creation of inflation targeting at the Bank of Canada, has joined the questioning, so no innate hostility to inflation targeting is involved. ... In any case, it seems fair to conclude that policy-makers in east Asia have
https://www.rba.gov.au/publications/confs/2001/mccauley.html