Search: Exchange Settlement Account balances
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RBA Glossary definition for Exchange Settlement Account balances
Exchange Settlement Account balances – The sum of balances held in Exchange Settlement Accounts with the Reserve Bank.
RBA Glossary definition for settlement
settlement – The discharge of obligations arising from fund transfers between two or more parties.
RBA Glossary definition for Exchange Settlement Account
Exchange Settlement Account – An account held at the Reserve Bank of Australia by financial institutions to settle financial obligations arising from the clearing of payments.
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Explaining Monetary Spillovers: The Matrix Reloaded
1 Apr 2019
RDP
2019-03
In effect, the country pegging its exchange rate virtually ‘outsources’ its monetary policy to the larger economy. ... Alternatively, they may intervene in the FX market to smooth the bilateral exchange rate.
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html
The Australian Money Market
1 May 1987
RDP
8702
Similarly, since exchange settlement accounts pay no interest, banks wish to keep their clearing balances at the Reserve Bank to a minimum. ... Let us assume that at the beginning of the day the banking system's exchange settlement accounts have a zero
https://www.rba.gov.au/publications/rdp/1987/8702/the-australian-money-market.html
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Why did it Happen?
1 May 1998
RDP
9805
1997(e). 1998(f). Current account. 25. 41. 55. 27. 31. Private flows, net. ... 16.0. 17.2. Notes: (a) Full balance of payments and timely GNP statistics are not compiled yet for Hong Kong but Ma and Hawkins suggest the current account may have
https://www.rba.gov.au/publications/rdp/1998/1998-05/why-did-it-happen.html
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China's Financial System Reforms
31 Dec 2014
RDP
2014-10
Regulations announced in 1980 retained centralised foreign exchange management (that is, requiring approval for individual current and capital account transactions) but resident entities and foreigners were allowed to retain or trade ... Importers
https://www.rba.gov.au/publications/rdp/2014/2014-10/chi-fin-sys-reforms.html
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Australian Money Market Divergence: Arbitrage Opportunity or Illusion?
1 Sep 2019
RDP
2019-09
This assumes that all investment activity is funded at the aggregated balance sheet level. ... Equation (6) is the asset-specific counterpart to the broader aggregated balance sheet Equation (5).
https://www.rba.gov.au/publications/rdp/2019/2019-09/full.html
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Cost-benefit Analysis of Leaning against the Wind
1 Jul 2019
RDP
2019-05
The RBA (2016a) and Lowe (2017a, 2017b) have justified higher interest rates on the grounds that they reduce the fragility of household balance sheets. ... Ramirez 2009) or under fixed exchange rates, and does not seem applicable to current institutional
https://www.rba.gov.au/publications/rdp/2019/2019-05/full.html
Bibliography
1 Jun 1990
RDP
9003
1986), “Exchange Rate Depreciation, the Current Account and Wages”, Economic Record, Supplement, 14–21. ... 1988), “The Balance of Trade, Terms of Trade and the Real Exchange Rate”, IMF Staff Papers, 341–573.
https://www.rba.gov.au/publications/rdp/1990/9003/bibliography.html
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Appendix: Changes to Bank Regulations
1 Jul 1989
RDP
8904
1971. August. –. The minimum balance on savings bank investment accounts was reduced from $500 to $100 and the minimum transaction requirement was dropped. ... October. –. The three-month initial notice requirement on savings bank investment accounts
https://www.rba.gov.au/publications/rdp/1989/8904/appendix.html
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Australia's RTGS System
31 Dec 2012
RDP
2012-06
to hold a settlement account with the RBA to allow them to participate directly in RITS. ... RITS is the means by which settlement accounts are accessed. See ‘Exchange Settlement Account Policy’ for more information on eligibility for these accounts.
https://www.rba.gov.au/publications/rdp/2012/2012-06/aus-system.html
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Structural Adjustments
1 Nov 1987
RDP
8710
For short-run analysis this is probably a useful simplification, but the assumption becomes increasingly unrealistic for analysis over longer time horizons, particularly in periods when current account and budget balances ... For the purposes of the RBII
https://www.rba.gov.au/publications/rdp/1987/8710/structural-adjustments.html
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