Search: financial markets
RBA Glossary definition for financial markets
financial markets – A generic term for the markets in which financial instruments are traded. Financial instruments have no intrinsic value of themselves. They represent a claim over real assets or a future income stream. The four main financial markets are the foreign exchange market, the fixed interest or bond market, the share or equity market and the derivatives market.
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The Impact on Financial Markets
1 Jul 1997
RDP
9703
RDP 9703: The Implementation of Monetary Policy in Australia 4. The Impact on Financial Markets. ... The market gradually adjusted, as more participants acknowledged that a change had taken place.
https://www.rba.gov.au/publications/rdp/1997/9703/impact-financial-markets.html
The Implementation of Monetary Policy in Australia
1 Jul 1997
RDP
9703
Research Discussion Paper – RDP 9703 The Implementation of Monetary Policy in Australia. Ric Battellino, John Broadbent and Philip Lowe. July 1997. 191. KB. This paper was prepared for the Autumn Meeting of Central Bank Economists at the Bank for
https://www.rba.gov.au/publications/rdp/1997/9703/
References
1 Jul 1997
RDP
9703
Goodhart, C. (1996), ‘Why do the Monetary Authorities Smooth Interest Rates?’, LSE Financial Markets Group Special Paper No. ... 81. Goodhart, C. and H. Huang (1996), Appendix to C. Goodhart, ‘Why do the Monetary Authorities Smooth Interest
https://www.rba.gov.au/publications/rdp/1997/9703/references.html
The Thinking Underlying Current Arrangements
1 Jul 1997
RDP
9703
The costs might arise in terms of additional volatility in financial markets and potential damage to the central bank's reputation. ... Or would the frequent reversals undermine confidence in the central bank, ultimately leading to greater volatility in
https://www.rba.gov.au/publications/rdp/1997/9703/thinking-underlying-current-arrangements.html
Introduction
1 Jul 1997
RDP
9703
This paper discusses some of the thinking behind these changes in operating procedures and the effects that they have had on financial markets and the transmission mechanism. ... Section 4 then examines the impact of the changed procedures on financial
https://www.rba.gov.au/publications/rdp/1997/9703/introduction.html
The Australian Framework for Implementing Monetary Policy
1 Jul 1997
RDP
9703
To the extent that volatility in interest rates encouraged a public perception that markets set financial prices, it was consistent with the then prevailing view that central banks should focus on ... There were concerns about how this would be received
https://www.rba.gov.au/publications/rdp/1997/9703/australian-framework-implementing-monetary.html