RDP 9606: The Information Content of Financial Aggregates in Australia Appendix A: Data
November 1996
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| Currency (Curr) | |
| Definition: | Holdings of notes and coins by the non-bank private sector. Seasonal adjustment by the Australian Bureau of Statistics. |
| Source: | Reserve Bank of Australia Bulletin. |
| M3 | |
| Definition: | Currency plus total current deposits with banks, excluding Commonwealth and State Government deposits and interbank deposits. Seasonally-adjusted M3 adjusted for breaks due to the transfer of non-bank financial intermediary (NBFI) business to banks or the establishment of new banks. |
| Source: | Reserve Bank of Australia Bulletin. |
| Broad Money (BM) | |
| Definition: | M3 plus borrowings from the private sector by NBFIs less the latter's holdings of currency and bank deposits. Borrowings by NBFIs include borrowings by permanent building societies, credit co-operatives, finance companies, authorised money market dealers, pastoral finance companies, money market corporations, general financiers and cash management trusts, less borrowings by authorised money market dealers from those non-bank intermediaries. |
| Source: | Reserve Bank of Australia Bulletin. |
| Lending by All Financial Intermediaries (Credit, CR) | |
| Definition: | Bank lending plus lending (including bills discounted) to the private sector by non-bank financial corporations. |
| Source: | Reserve Bank of Australia Bulletin. |
| The 90-Day Bank Accepted Bill Rate (BAB) | |
| Definition: | Three-month average of the average nominal 90-day bank accepted bill rate for the week ending last Wednesday of the month. |
| Source: | Reserve Bank of Australia Bulletin. |
| Real Gross Domestic Product – GDP (A) | |
| Definition: | Average of income, expenditure and production measures of GDP. Seasonally adjusted by the Australian Bureau of Statistics. Values are constant in 1989/90 prices. |
| Source: | Quarterly Estimates of National Income and Expenditure, ABS Cat. No. 5206.0. |
| Consumer Price Index (CPI) | |
| Definition: | The underlying consumer price index. |
| Units | 1989/90 = 100. (NSA) |
| Source: | Consumer Price Index, ABS Cat. No. 6410, Table 11. |
| Trade-Weighted Index (TWI) | |
| Definition: | Quarterly average of the $A in relation to the currencies of Australia's trading partners. |
| Source: | Reserve Bank of Australia Bulletin. |
Figure A1: Log Differences of Aggregates
Figure A2: Log Differences of Other Data
