Search: lender

Sort by: Relevance Date
1–6 of 6 collapsed search results for lender

RBA Glossary definition for lender

lender – A person or institution which provides loans on agreed terms to borrowers.

Search Results

Agency Costs, Balance Sheets and the Business Cycle

1 Nov 1993 RDP 9311
Philip Lowe and Thomas Rohling
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1993/9311.html

Agency Costs, Credit Supply and Credit Demand: A Review

1 Nov 1993 RDP 9311
Philip Lowe and Thomas Rohling
When writing the loan contract, the lender must decide on the interest rate to charge on the loan. ... Gertler (1992) extends the single-period contract models by examining multi-period financial relationships between borrowers and lenders.
https://www.rba.gov.au/publications/rdp/1993/9311/agency-costs-credit-supply-demand.html

Conclusions

1 Nov 1993 RDP 9311
Philip Lowe and Thomas Rohling
Three broad mechanisms were identified. The first of these relies on the fact that the costs imposed by asymmetric information between borrowers and lenders increase as the collateral of the firm
https://www.rba.gov.au/publications/rdp/1993/9311/conclusions.html

A Model of Managerial Incentives

1 Nov 1993 RDP 9311
Philip Lowe and Thomas Rohling
At the end of the period, the manager collects the return from the selected project and then pays any loan and interest due to the lender. ... If the gross project return is less that the total debt plus interest due to the lender, the firm must close
https://www.rba.gov.au/publications/rdp/1993/9311/model-managerial-incentives.html

Introduction

1 Nov 1993 RDP 9311
Philip Lowe and Thomas Rohling
The link between balance sheets and the business cycle has its roots in asymmetries in information between borrowers and lenders, and between owners and managers.
https://www.rba.gov.au/publications/rdp/1993/9311/introduction.html

Some Empirical Evidence

1 Nov 1993 RDP 9311
Philip Lowe and Thomas Rohling
That is, the firm's net worth, or collateral value, is important for reducing agency costs arising from incomplete information between lender and borrower. ... Conversely, in periods when asset prices are falling, the willingness of lenders to supply
https://www.rba.gov.au/publications/rdp/1993/9311/some-empirical-evidence.html