RDP 2015-06: Credit Losses at Australian Banks: 1980–2013 Equation (1)

C L R i t = α i + β M A C R O t + γ B L E V E L i t + ε i t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4qaiaadY eacaWGsbWaaSbaaSqaaiaadMgacaWG0baabeaakiabg2da9iabeg7a HnaaBaaaleaacaWGPbaabeaakiabgUcaRiqbek7aIzaafaacbmGaa8 xtaiaa=feacaWFdbGaa8Nuaiaa=9eadaWgaaWcbaGaamiDaaqabaGc cqGHRaWkcuaHZoWzgaqbaiaadkeacaWGmbGaamyraiaadAfacaWGfb GaamitamaaBaaaleaacaWGPbGaamiDaaqabaGccqGHRaWkcqaH1oqz daWgaaWcbaGaamyAaiaadshaaeqaaaaa@5433@