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RBA Glossary definition for central bank
central bank – A non-commercial bank, which may or may not be independent of government, which has some or all of the following functions: conduct monetary policy; oversee the stability of the financial system; issue currency notes; act as banker to the government; supervise financial institutions and regulate payments systems.
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Appendix A: Effectiveness of Australian Intervention – A Survey
31 Dec 2004
RDP
2004-06
Download the Paper 585. KB. Many authors have attempted to measure the effectiveness of foreign exchange intervention by central banks. ... engage in further intervention will typically depend on the response of the exchange rate to [the central bank's]
https://www.rba.gov.au/publications/rdp/2004/2004-06/appendix-a.html
Profitability of Reserve Bank Foreign Exchange Operations: Twenty Years After the Float
1 Sep 2004
RDP
2004-06
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2004/2004-06.html
References
31 Dec 2004
RDP
2004-06
Edison H (1993), ‘The effectiveness of central-bank intervention: a survey of the literature after 1982’, Special Papers in International Economics No 18. ... Fatum R (2000), ‘On the effectiveness of sterilized foreign exchange intervention’,
https://www.rba.gov.au/publications/rdp/2004/2004-06/references.html
Profits from Intervention
31 Dec 2004
RDP
2004-06
If the central bank is successful in buying low and selling high, its intervention should yield a profit. ... In such cases the central bank may not have the opportunity to rebuild reserves at a higher exchange rate.
https://www.rba.gov.au/publications/rdp/2004/2004-06/profits-from-intervention.html
Introduction
31 Dec 2004
RDP
2004-06
The basic thesis postulated is that intervention aimed at stabilising the exchange rate will require the central bank to buy the currency when the exchange rate is relatively low and to ... Applying this logic in reverse, it follows that if a central
https://www.rba.gov.au/publications/rdp/2004/2004-06/introduction.html
How the Reserve Bank Intervenes
31 Dec 2004
RDP
2004-06
This is risky for the bank concerned, as the RBA will be dealing on other banks' bids or offers, so a number of banks may be faced with the same position ... This is called sterilised intervention, and is the routine practice for central banks, unless
https://www.rba.gov.au/publications/rdp/2004/2004-06/how-the-reserve-bank-intervenes.html