• Corpus ID: 168678748

Structural Liquidity and Domestic Market Operations

  title={Structural Liquidity and Domestic Market Operations},
  author={Ben P. Robertson},
The Reserve Bank is a net supplier of liquidity to the Australian financial system. This reflects demand for the Reserve Bank’s liabilities from its customers, as well as the asset allocation decisions of the Reserve Bank. The key drivers of variations in the amount of liquidity supplied by the Reserve Bank have been fluctuations in government deposits and the demand for banknotes. The Reserve Bank meets the demand for liquidity through its domestic market operations. 
A New Monetary Analysis Tool: The Daily Liquidity Dataset
The term of liquidity is complex and unclear in the economic literature. This paper tries to explain this concept in practice for the Turkish economy. The statistics of EFT (Electronic Fund Transfer)
Cross-border payments, global imbalances and involuntary constraints
Abstract Investigations into the process by which cross-border payments are completed within the international monetary system remain largely unresolved. By exploring how these payments are executed
Managed exchange rate regimes and monetary independence: an empirical appraisal
ABSTRACT Under the impossible trinity, it is alleged that attempts to maintain both monetary independence and an undervalued domestic exchange rate whilst being exposed to global capital flows will


Open market operations
Currency Demand During the Global Financial Crisis: Evidence from Australia
Australian financial institutions remained healthy throughout the global financial crisis and their deposits were guaranteed by the Federal Government. Nevertheless, demand for currency increased
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This
The framework for the implementation of monetary policy , the Riksbank ’ s balance sheet and the financial crisis
Six times every year, the Riksbank’s Executive Board convenes to take a decision on the repo rate. Strictly speaking, the repo rate is the interest rate charged to the deposits and loans with
Understanding the central bank balance sheet
The central bank's balance sheet plays a critical role in the functioning of the economy. The main liabilities of the central bank (banknotes and commercial bank reserves) form the ultimate means of
Foreign Exchange Reserves and the Reserve Bank’s Balance Sheet
The Reserve Bank of Australia holds and manages the nation’s foreign exchange reserve assets in order to meet its policy objectives. While Australia’s foreign exchange reserves are relatively modest
Domestic Market Operations and Liquidity Forecasting
The stance of monetary policy in Australia is set in terms of a target for the cash rate. To keep the cash rate at the policy target, the Reserve Bank sets the supply of Exchange Settlement (ES)
Structural Liquidity’, Norges Bank Economic Commentaries 9/2013
  • Tafjord
  • 2013
The Balance Sheet and Operations in Financial Markets
  • RBA
  • 2008
Box A: The RBA's Foreign Exchange Swaps' , Statement on Monetary Policy
  • RBA