Search: FPS
RBA Glossary definition for FPS
FPS – Faster Payments Service
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Empirical Results
1 Jun 1988
RDP
8804
The second set of efficiency tests uses expected premiums (. fp. ... The method of constructing an instrument for the expected change in the premium (. fp. t. ) was outlined in Section 5.
https://www.rba.gov.au/publications/rdp/1988/8804/empirical-results.html
Specification of Empirical Tests
1 Jun 1988
RDP
8804
where fp. t. is the proportionate futures premium (log futures price minus log spot price). ... An estimate of equation (5) can be used to obtain an instrument for the predictable change in the premium (. fp. t. ), which can then be used in the
https://www.rba.gov.au/publications/rdp/1988/8804/specification-of-empirical-tests.html