Search: Y2K

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RBA Glossary definition for Y2K

Y2K – Year 2000. The Year 2000 problem was the possibility that financial institutions' computer systems would fail on 1 January 2000 and spark a loss of public confidence in individual institutions or at worst, in the financial system as a whole. In the event, the arrival of Y2K was virtually incident-free.

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Survival Modelling

1 Dec 2015 RDP 2015-10
Alexandra Rush
0.30. 0.27. 0.22. Recoloured $5. 0.04. Federation $5. 0.34. Y2K. 0.02. ... On the other hand, Y2K did not have a statistically significant impact on the life span of $20 or $50 banknotes.
https://www.rba.gov.au/publications/rdp/2015/2015-10/survival-modelling.html

Appendix C: Other Survival Model Specifications

1 Dec 2015 RDP 2015-10
Alexandra Rush
0.10. Federation $5. 0.21. Y2K. 0.06. 0.10. GFC. 0.02. 0.09. Distribution policy.
https://www.rba.gov.au/publications/rdp/2015/2015-10/appendix-c.html

‘Feige’ Steady-state Method

1 Dec 2015 RDP 2015-10
Alexandra Rush
For example, in the period leading up to Y2K, large volumes of new banknotes were issued to meet precautionary demand and were withdrawn once they were no longer required, to be
https://www.rba.gov.au/publications/rdp/2015/2015-10/feige-steady-state-methods.html

Limitations of the Steady-state Methods

1 Dec 2015 RDP 2015-10
Alexandra Rush
Two examples include Y2K and the GFC where the public's demand for banknotes increased substantially.
https://www.rba.gov.au/publications/rdp/2015/2015-10/limitations-of-the-steady-state-methods.html