Search: Y2K
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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Currency Demand during the Global Financial Crisis: Evidence from Australia
2 Feb 2015
RDP
PDF
633KB
11. The first occasion was in preparation for the year-date change at the end of the millennium (that is, ‘Y2K’). ... 8 To some extent this experience echoes the build-up of cash in banks on the eve of Y2K, where banks built up a buffer of currency.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-01.pdf
Currency Demand Data
31 Dec 2013
RDP
2013-01
The first occasion was in preparation for the year-date change at the end of the millennium (that is, ‘Y2K’). ... To some extent this experience echoes the build-up of cash in banks on the eve of Y2K, where banks built up a buffer of currency.
https://www.rba.gov.au/publications/rdp/2013/2013-01/currency-demand-data.html
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Statement to Parliamentary Committee
26 Feb 2001
Bulletin
PDF
57KB
The main point I want to make is that theAustralian financial system is very wellprepared for Y2K. ... safe. Because thesimple fact is that their deposits are safe andtheir records are not at risk from Y2K-relatedproblems.
https://www.rba.gov.au/publications/bulletin/1999/jul/pdf/bu-0799-1.pdf
Survival Modelling
1 Dec 2015
RDP
2015-10
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
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Statement on Monetary Policy
30 Jul 2003
SMP
PDF
48KB
37. rapid, reflecting several factors such as thepreparations for Y2K, the new tax system,and, to a lesser extent, the Olympics, as wellas the expansion of telecommunicationsnetworks following the deregulation of
https://www.rba.gov.au/publications/smp/2001/nov/pdf/box-a.pdf
RBA Annual Report - Administration and Costs
28 Aug 2001
Annual Report
PDF
80KB
distributing currency around Y2K. Operating costs. for 2000/01 are higher than in 1998/99,. ... distribution decreased in 2000/01, reflecting the. reversal of the Y2K-related impact referred to.
https://www.rba.gov.au/publications/annual-reports/rba/2001/pdf/admin-costs.pdf
A Snapshot of Inflation Targeting in its Adolescence
27 Nov 2006
Conferences
PDF
283KB
RBA Conference Volume 2004
https://www.rba.gov.au/publications/confs/2004/pdf/kuttner.pdf
Administration and Costs
3 Aug 2000
RBA Annual Report
– 2000
Overall, underlying operating costs rose in 1999/2000, but the rise was accounted for by the Y2K-related expenses. ... The share of costs attributable to note distribution rose in 1999/2000, reflecting the Y2K-related expenses referred to above.
https://www.rba.gov.au/publications/annual-reports/rba/2000/admin-costs.html
Administration and Costs
24 Aug 2001
RBA Annual Report
– 2001
Operating costs for 2000/01 are higher than in 1998/99, i.e. prior to the Y2K increase, partly because of the cost of establishing the Regional Offices. ... This Y2K-effect also distorted the share of costs due to the RBA's other functions in 1999/2000.
https://www.rba.gov.au/publications/annual-reports/rba/2001/admin-costs.html
RBA Annual Report 2000 - Administration and Costs
22 Feb 2001
Annual Report
PDF
44KB
Y2K-related expenses referred to above. The. share of costs absorbed by banking fell due to. ... for by the Y2K-related expenses. Even in. nominal terms, costs are around 18 per cent.
https://www.rba.gov.au/publications/annual-reports/rba/2000/pdf/admin-costs.pdf