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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Lumps, Bumps and Waves

4 Oct 2019 Speech
Luci Ellis
Speech delivered by Luci Ellis, Assistant Governor (Financial Markets), to the Ai Group, Geelong
https://www.rba.gov.au/speeches/2019/sp-so-2019-10-04.html

Semi-Annual Statement on Monetary Policy

10 Nov 1999 Bulletin – November 1999
Graph 6. In credit markets more generally, perceptions that the interest rate cycle has turned, together with preparations for Y2K, have led borrowers to bring forward borrowing to lock in funding.
https://www.rba.gov.au/publications/bulletin/1999/nov/1.html

Currency Demand Data

31 Dec 2013 RDP 2013-01
Tom Cusbert and Thomas Rohling
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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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
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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

Statement on Monetary Policy

10 Nov 2001 Bulletin – November 2001
Reserve Bank Bulletin – November 2001 Statement on Monetary Policy. Download the complete Statement 1. MB. International economic conditions are at their weakest for many years. The United States has all the hallmarks of recession – declining
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html

Talk to World Economic Forum Asia Pacific Economic Summit Melbourne

11 Sep 2000 Speech
Ian Macfarlane
Address by Ian Macfarlane to the World Economic Forum Asia Pacific Economic Summit, Melbourne
https://www.rba.gov.au/speeches/2000/sp-gov-110900.html

Glossary

24 Aug 2001 RBA Annual Report – 2001
Special drawing rights. Y2K. Year 2000.
https://www.rba.gov.au/publications/annual-reports/rba/2001/glossary.html

Glossary

21 Aug 2002 RBA Annual Report – 2002
Special drawing rights. Y2K. Year 2000.
https://www.rba.gov.au/publications/annual-reports/rba/2002/glossary.html

The Economy and Financial Markets

10 Feb 2000 Bulletin – February 2000
International Financial Markets. In the closing months of 1999, concerns about Y2K-related problems had been a major influence on financial markets around the world, but with the century date-change ... While these economies were perceived as being
https://www.rba.gov.au/publications/bulletin/2000/feb/1.html