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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Promoting Liquidity: Why and How?
2 Dec 2009
RDP
PDF
484KB
One concern that has been highlighted by recent events is that the rating agencies are. ... Particularly for structured finance products, which can be designed to adhere to the rating agency’s ratings criteria, the close relationship between issuers
https://www.rba.gov.au/publications/rdp/2008/pdf/rdp2008-06.pdf
Why Do Companies Hold Cash?
12 May 2016
RDP
PDF
1105KB
hypothesis’.4 The financing frictions and agency costs hypotheses are not necessarily competing. ... Private. companies should have fewer agency conflicts than public companies; they have more.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-03.pdf
Balance Sheet Restructuring and Investment
30 Nov 2009
RDP
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95KB
Incentive problems (agency costs), financialdistress costs and asymmetric information increase the cost of external relative tointernal finance.5 A financing hierarchy results, in which internally generated cashflows are relatively cheap, debt
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9308.pdf
Why Do Companies Fail?
21 Nov 2016
RDP
PDF
1050KB
Research Discussion Paper. Why Do Companies Fail? Rose Kenney, Gianni La Cava and David Rodgers. RDP 2016-09. Figures in this publication were generated using Mathematica. The contents of this publication shall not be reproduced, sold or
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-09.pdf
The Evolution of Payment Costs in Australia
11 Apr 2019
RDP
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1298KB
Agencies handle payments on behalf of merchants. This can be electronically, such as PayPal, or physically, such as at Australia Post branches. ... By 2013, telephone banking calls comprised only 5 per cent of these connections and rarely involved staff
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-14.pdf
Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States
25 May 2016
RDP
PDF
1165KB
the Federal Housing Finance Agency (FHFA), the US Census Bureau, and Carrillo, Early and. ... Sources: Bureau of Economic Analysis; Carrillo et al (2014); Federal Housing Finance Agency; Saiz (2010).
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-04.pdf
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
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1923KB
assumed responsibility for both central banking and commercial operations in what was essentially. ... bureaucrats who, like many agencies with links to the state, are imbued with substantial independent.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
The Influence of Financial Factors on Corporate Investment
30 Nov 2009
RDP
PDF
53KB
4. Financial factors are generally introduced to standard investment models throughinformation asymmetries or through agency costs. ... S = sales. 13 In the Devereux and Schiantarelli (1989) model, agency/financial distress costs are modelled by.
https://www.rba.gov.au/publications/rdp/1994/pdf/rdp9402.pdf
Identifying Repo Market Microstructure from Securities Transactions Data
13 Aug 2018
RDP
PDF
2622KB
Identifying Repo Market Microstructure from Securities Transactions Data. Nicholas Garvin. Research Discussion Paper. R D P 2018- 09. Figures in this publication were generated using Mathematica. The contents of this publication shall not be
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf
Credit Spreads, Monetary Policy and the Price Puzzle
23 Jan 2020
RDP
PDF
1959KB
Credit Spreads, Monetary Policy and the Price Puzzle. Benjamin Beckers. Research Discussion Paper. R DP 2020 - 01. Figures in this publication were generated using Mathematica. The contents of this publication shall not be reproduced, sold or
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-01.pdf