Search: agency banking
RBA Glossary definition for agency banking
agency banking – Since 1 July 1999 all Australian Government departments and agencies have been responsible for their own individual banking arrangements. Under devolved banking arrangements, agencies are required to test the services previously provided by the Reserve Bank of Australia (RBA) against what is available from other financial institutions. However, the Australian Government's core account, the Official Public Account, remained with the RBA. A system sweeps balances of Australian Government departments and agencies from their transactional banker to the Official Public Account at the RBA each night.
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How Risky is Australian Household Debt?
25 Aug 2020
RDP
2020-05
Cross-country relationships, annual since 1980. Sources: Authors' calculations; IMF; National agencies; OECD; World Bank. ... We examine the impact of a severe hypothetical macroeconomic shock in two ways, first on the banking sector and second on the
https://www.rba.gov.au/publications/rdp/2020/2020-05/full.html
References
25 Aug 2020
RDP
2020-05
Gertler M and B Bernanke (1989), ‘Agency Costs, Net Worth, and Business Fluctuations’, The American Economic Review, 79(1), pp 14–31. ... Jordà Ò, M Schularick and AM Taylor (2013), ‘When Credit Bites Back’, Journal of Money, Credit and
https://www.rba.gov.au/publications/rdp/2020/2020-05/references.html