Search: central bank
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.
Search Results
The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment
31 Jan 2023
RDP
2023-01
Table 1 shows my central estimates and bootstrapped confidence intervals for the change in the WTP of the marginal buyer (i.e. ... But the skew in the data appears to reflect genuine heterogeneity, so trimming too much will remove important variation
https://www.rba.gov.au/publications/rdp/2023/2023-01/full.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
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
3 Jan 2023
RDP
2022-09
Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land,
https://www.rba.gov.au/publications/rdp/2022/2022-09.html
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Non-technical summary for 'Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions'
30 Dec 2022
RDP
PDF
535KB
RDP 2022-09 non-technical summary
https://www.rba.gov.au/publications/rdp/2022/2022-09/rdp-2022-09-non-technical-summary.pdf
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
PDF
1886KB
simplifying assumption that the central bank has access to data on current output and prices when setting policy. ... However, it seems. plausible that the central bank may take into account the exchange rate when setting policy,.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
The reversal rate is the point at which any further reduction in the central bank's policy rate will cause banks to increase their lending rates, such that policy rate reductions ... These unconventional policies are typically used by central banks when
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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The Consequences of Low Interest Rates for the Australian Banking Sector
19 Dec 2022
RDP
PDF
1588KB
cash rate, then banks’ net income from holding central bank deposits does not necessarily change. ... to which the central bank responds.8 The economy would be in much worse shape if central banks.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf
Non-technical summary for 'The Consequences of Low Interest Rates for the Australian Banking Sector'
16 Dec 2022
RDP
PDF
434KB
RDP 2022-08 non-technical summary
https://www.rba.gov.au/publications/rdp/2022/2022-08/rdp-2022-08-non-technical-summary.pdf
The International Context
13 Dec 2022
RDP
2022-07
Many term funding schemes required the provision of collateral by the banks to mitigate financial risks to the central bank. ... These studies also generally used instrumental variables to account for endogeneity issues in the self-selection of banks
https://www.rba.gov.au/publications/rdp/2022/2022-07/the-international-context.html
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The Term Funding Facility: Has It Encouraged Business Lending?
8 Dec 2022
RDP
PDF
2133KB
participating banks. Notwithstanding the limited literature on central bank term funding schemes during the pandemic,. ... identification challenges. Firstly, banks could decide whether or not to access central bank funding.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-07.pdf