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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Valuing Safety and Privacy in Retail Central Bank Digital Currency
11 Apr 2024
RDP
2024-02
government agencies than with financial institutions (Office of the Australian Information Commissioner 2023). ... 2023) and increased web search interest for banking stress topics in Australia (Figure 3, top panel).
https://www.rba.gov.au/publications/rdp/2024/2024-02/full.html
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References
25 Oct 2022
RDP
2022-05
Jensen MC and WH Meckling (1976), ‘Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure’, Journal of Financial Economics, 3(4), pp 305–360. ... Stein JC (2003), ‘Agency, Information and Corporate Investment’, in GM
https://www.rba.gov.au/publications/rdp/2022/2022-05/references.html
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The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
Interbank markets also play a central role in monetary policy and the banking system, with a separate devoted literature, particularly on the effects of financial system stress. ... by market speculation or credit rating agencies, which can provide
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
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How Risky is Australian Household Debt?
25 Aug 2020
RDP
2020-05
Cross-country relationships, annual since 1980. Sources: Authors' calculations; IMF; National agencies; OECD; World Bank. ... We examine the impact of a severe hypothetical macroeconomic shock in two ways, first on the banking sector and second on the
https://www.rba.gov.au/publications/rdp/2020/2020-05/full.html
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The Determinants of Mortgage Defaults in Australia – Evidence for the Double-trigger Hypothesis
22 Jul 2020
RDP
2020-03
Issuers of securitisations may also face incentives to disproportionately select certain types of loans, such as through the credit rating agencies' ratings criteria.
https://www.rba.gov.au/publications/rdp/2020/2020-03/full.html
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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
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The Institutional Design Framework for Monetary Policy
9 Dec 2019
RDP
2019-11
Table 1: Primary Legislation Establishing Central Banking Powers. Institution. Primary legislation (ranked by oldest). ... like many agencies with links to the state, are imbued with substantial independent powers.
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-institutional-design-framework-for-monetary-policy.html
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The Shadow Economy
1 Dec 2018
RDP
2018-12
for own final use (includes production of crops, livestock, construction of own houses, imputed rents, and domestic services) and the statistical underground (production missed by statistical agencies due to deficiencies in ... Regarding the denomination
https://www.rba.gov.au/publications/rdp/2018/2018-12/the-shadow-economy.html
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The Australian Repo Market Microstructure
15 Aug 2018
RDP
2018-09
849. 47. 43. European Investment Bank. 309. 29. 32. KFW Banking Group (Germany). ... than rates on repos against agency securities.
https://www.rba.gov.au/publications/rdp/2018/2018-09/the-australian-repo-market-microstructure.html
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Robust Design Principles for Monetary Policy Committees | Conference – 2018
12 Apr 2018
Conferences
Unfortunately, such reactions were symptomatic of an excessively insular and complacent central banking culture. ... The Federal Reserve Board of Governors is an agency of the federal government.
https://www.rba.gov.au/publications/confs/2018/archer-levin.html