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 Jan 2023
RDP
2023-01
Foote CL, L Loewenstein and PS Willen (2016), ‘Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications’, NBER Working Paper No 22985. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve
https://www.rba.gov.au/publications/rdp/2023/2023-01/references.html
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The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment
25 Jan 2023
RDP
PDF
1588KB
However, the RBA owns the copyright in this paper. Reserve Bank of Australia 2023. ... Tom Cusbert. Research Discussion Paper2023-01. January 2023. Economic Research DepartmentReserve Bank of Australia.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-01.pdf
The Evolution of Interbank Settlement in Australia
17 Mar 2022
Bulletin
– March 2022
Electronic payments are ubiquitous in modern economies and result in financial obligations between different financial institutions.
https://www.rba.gov.au/publications/bulletin/2022/mar/the-evolution-of-interbank-settlement-in-australia.html
The Evolution of Interbank Settlement in Australia
16 Mar 2022
Bulletin
- March 2022
PDF
1247KB
https://www.rba.gov.au/publications/bulletin/2022/mar/pdf/the-evolution-of-interbank-settlement-in-australia.pdf
Monetary Policy, Equity Markets and the Information Effect
24 Oct 2021
RDP
PDF
1573KB
central banks devote to analysing and forecasting the economy. In Australia, the Reserve Bank of. ... because the central bank has upgraded its economic outlook, this would produce responses.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf
Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
Because cost-push shocks induce a trade-off between the central bank's objectives, optimal policy does not attempt to fully offset them. ... The central bank's reaction to cost-push shocks exacerbates this identification issue.
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
PDF
1706KB
However, the RBA owns the copyright in this paper. Reserve Bank of Australia 2021. ... Bank of Australia. Some of the findings of this RDP were discussed in Lowe (2021).
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
Bulletin June Quarter 2021
18 Aug 2021
Bulletin
- June 2021
PDF
10067KB
https://www.rba.gov.au/publications/bulletin/2021/jun/pdf/bulletin-2021-06.pdf
Macroprudential Limits on Mortgage Products: The Australian Experience
4 Aug 2021
RDP
PDF
2345KB
and IO borrowing (Ellis and Littrell 2017; APRA 2019b). Our paper presents a bank-level panel data study of banks’ reactions to the policies. ... Notes: Coefficients from panel regressions, across banks and quarters, of commitments growth on 4 lags of
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-07.pdf
Macroprudential Limits on Mortgage Products: The Australian Experience
26 Jul 2021
RDP
2021-07
Our paper presents a bank-level panel data study of banks' reactions to the policies. ... 518. Notes: Coefficients from panel regressions, across banks and quarters, of commitments growth on 4 lags of the bank-invariant policy indicator variable.
https://www.rba.gov.au/publications/rdp/2021/2021-07/full.html
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