Search: systemic risks
RBA Glossary definition for systemic risks
systemic risks – Events which may jeopardise financial system stability and cause harm to the real economy. For example, the Y2K problem was regarded as such a risk. They may include the risk that the failure of one participant in a payments system, or in financial markets generally, to meet their required obligations when due, will cause other participants or financial institutions to be unable to meet their obligations (including settlement obligations in a transfer system) when due. Such a failure may cause significant liquidity or credit problems.
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Non-technical summary for 'Emergency Liquidity Injections'
8 Oct 2019
RDP
PDF
459KB
RDP 2019-10 non-technical summary
https://www.rba.gov.au/publications/rdp/2019/2019-10/rdp-2019-10-non-technical-summary.pdf
Emergency Liquidity Injections
3 Oct 2019
RDP
PDF
2093KB
This reduces banks’ losses on illiquid securities without incentivising more liquidity risk-taking. ... 11. liquidity-rich authority, interventions tend to have low risk relative to returns.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-10.pdf
Heterogeneous Global Cycles ∗ Maryam Farboodi MIT Péter Kondor ...
2 Dec 2018
Research Workshop
PDF
3705KB
the interaction between risk-shifting incentives of banks and sovereigns (Farhi and Tirole, 2016),. ... technology to firms. All agents are risk neutral, and there is no discounting.
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-farboodi.pdf
Credit, Money, Interest and Prices
26 Nov 2018
Research Workshop
PDF
1403KB
It is never efficient to chosethe safe endowment because endowment risk is idiosyncratic. ... 5. idiosyncratic risk increases and output falls as this leads to misallocation across sectors and lessinvestment.
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-bigio.pdf
References
15 Aug 2018
RDP
2018-09
160. Adrian T, B Begalle, A Copeland and A Martin (2014), ‘Repo and Securities Lending’, in M Brunnermeier and A Krishnamurthy (eds), Risk Topography: Systemic Risk and Macro Modeling, National Bureau ... Ashcraft AB and D Duffie (2007), ‘Systemic
https://www.rba.gov.au/publications/rdp/2018/2018-09/references.html
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Identifying Repo Market Microstructure from Securities Transactions Data
13 Aug 2018
RDP
PDF
2622KB
the risk to the lender – if a repo borrower defaults, the lender takes immediate ownership of the. ... monitoring firm-level and systemic risk in these markets. (p 132)3. 1 ‘Repo’ is short for ‘repurchase agreement’.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf
References
14 Feb 2018
RDP
2018-01
Martinez-Jaramillo S, B Alexandrova-Kabadjova, B Bravo-Benitez and JP Solórzano-Margain (2014), ‘An Empirical Study of the Mexican Banking System's Network and its Implications for Systemic Risk’, Journal
https://www.rba.gov.au/publications/rdp/2018/2018-01/references.html
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A Density-based Estimator of Core/Periphery Network Structures: Analysing the Australian Interbank Market
5 Feb 2018
RDP
PDF
1627KB
demand during periods of heightened risk (Ashcraft, McAndrews and Skeie 2011). ... risk. The RBA, and many other central banks, have historically relied on surveys to collect information.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-01.pdf
Exchange Rate Policies at the Zero Lower Bound
4 Jan 2018
Research Workshop
PDF
1012KB
https://www.rba.gov.au/publications/workshops/research/2017/pdf/rba-workshop-2017-javier-bianchi.pdf
Monetary Policy and Financial Stability in a World of Low Interest Rates
18 Dec 2017
Conferences
PDF
8052KB
RBA Conference Volume 2017
https://www.rba.gov.au/publications/confs/2017/pdf/rba-conference-volume-2017.pdf