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Structural Liquidity and Domestic Market Operations

Author

Listed:
  • Benn Robertson

    (Reserve Bank of Australia)

Abstract

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.

Suggested Citation

  • Benn Robertson, 2017. "Structural Liquidity and Domestic Market Operations," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 35-44, September.
    • Handle: RePEc:rba:rbabul:sep2017-05
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2017/sep/pdf/bu-0917-5-structural-liquidity-and-domestic-market-operations.pdf
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    References listed on IDEAS

    as
    1. Garreth Rule, 2015. "Understanding the central bank balance sheet," Handbooks, Centre for Central Banking Studies, Bank of England, number 32, April.
    2. Tom Cusbert & Thomas Rohling, 2013. "Currency Demand during the Global Financial Crisis: Evidence from Australia," RBA Research Discussion Papers rdp2013-01, Reserve Bank of Australia.
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    Cited by:

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    2. George Pantelopoulos, 2021. "Exogenous and endogenous sterilisation under managed exchange rates," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 756-779, September.

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