Search: liquidity management
RBA Glossary definition for liquidity
liquidity – The capacity to sell an asset quickly without significantly affecting the price of that asset. Liquidity is also sometimes used to refer to assets that are highly liquid.
RBA Glossary definition for liquidity management
liquidity management – Activities within a financial institution to ensure that holdings of liquid assets (e.g. cash, bank deposits and other financial assets) are sufficient to meet its obligations as they fall due, including unexpected transactions.
Search Results
The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
PDF
1938KB
normal times, when government bond markets are liquid and well-functioning, liquidity premia are. ... via the portfolio rebalancing channel lowering term premia: liquidity premia were already low and,.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf
The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
outside of periods of market dysfunction, liquidity premia are typically low in the AGS market). ... Overall, we tend to find larger effects when one would expect liquidity premia to be relatively high.
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
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Australian Money Market Divergence: Arbitrage Opportunity or Illusion?
1 Sep 2019
RDP
2019-09
Major banks were important providers of liquidity in money markets prior to the financial crisis. ... The return enhancement offered by the persistently wide basis is regularly utilised by the Reserve Bank in its liquidity management operations (RBA 2018)
https://www.rba.gov.au/publications/rdp/2019/2019-09/full.html
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Read me file for Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
14 May 2024
RDP
PDF
117KB
RDP 2024-03 supplementary information
https://www.rba.gov.au/publications/rdp/2024/2024-03/rdp-2024-03-read-me.pdf
Central Clearing of Repos in Australia: A Consultation Paper
25 May 2015
Consultations
PDF
389KB
in financial institutions’ funding and liquidity management activities. ... more frequently in periods of market volatility – and coordinated management of any participant default.
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/pdf/201503-central-clearing-of-repos-in-australia.pdf
The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
al 2017), and wholesale liquidity markets played a central role during this period. ... A positive relationship indicates that banks are spreading their fluctuating liquidity needs across both markets.
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
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Capital Structure: Theory and Evidence
1 Dec 1993
RDP
9313
Jensen suggests that managers have an incentive to waste funds in this way because management remunerations are positively correlated with firm size. ... However, transaction costs, flexibility, liquidity constraints and ownership dilution considerations
https://www.rba.gov.au/publications/rdp/1993/9313/capital-structure-theory-evidence.html
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Credit Spreads, Monetary Policy and the Price Puzzle
1 Jan 2020
RDP
2020-01
Accordingly, the Board may follow a risk management approach in which it weighs both ‘hard’, quantitative information that enters the Bank's central forecasts with ‘soft’, qualitative advice on the risks ... As a result, risk premia on money and
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
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Macroprudential Limits on Mortgage Products: The Australian Experience
4 Aug 2021
RDP
PDF
2345KB
capital and liquidity requirements. This leaves banks with capability to shift their credit portfolios.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-07.pdf
References
31 Dec 2013
RDP
2013-15
Funding Patterns and Liquidity Management of Internationally Active Banks. , CGFS Papers No 39, Bank for International Settlements, Basel. ... Daniel J (2008), ‘A Variable-Rate Loan-Prepayment Model for Australian Mortgages’,. Australian Journal of
https://www.rba.gov.au/publications/rdp/2013/2013-15/references.html
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