Write 2000 words and provide references.

In the speech to the Australian financial review cryptocurrency summit brad jones assistant governor spoke about the opportunities and challenges arising from the tokenization of assets and money in the digital age. he also discussed how these issues connect to the next phase of the reserve banks strategy work program on the 'future money'.

Case 1 (marks 10)

Critically analyse the following :

a) Functions of RBA?

b) why does Rba target inflation ?

c) What is the relationship between overnight money market and open market Operation?

d) Show the steps of how RBA works in the overnight money market to increase the cash rate?

Case 2

a) what are the two main automatic stabilizers?

b) How do these automatic stabilisersnwork during a contraction ? what is the effect on the balanced budget ?

c) On the business cycle diagram, draw the effect of automatic stabilisers on the fluctuation in real GDP.

Case 3

Critically analyze the role of macroeconomics policies in planning an economy. What are the recent macroeconomics policies the Australian government has undertaken recently?

Addition Instruction provide reference list at the end of the paper?