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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Credit Spreads, Monetary Policy and the Price Puzzle
1 Jan 2020
RDP
2020-01
Research Discussion Paper – RDP 2020-01 Credit Spreads, Monetary Policy and the Price Puzzle. Benjamin Beckers. January 2020. 1.87. MB. 1. Introduction. A higher cash rate dampens economic activity and reduces inflation. This is the standard
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
References
28 Jan 2020
RDP
2020-01
Bernanke BS and M Gertler (1989), ‘Agency Costs, Net Worth, and Business Fluctuations’, The American Economic Review, 79(1), pp 14–31. ... A Meta-Analysis’, Journal of Money, Credit and Banking, 45(1), pp 37–70.
https://www.rba.gov.au/publications/rdp/2020/2020-01/references.html