Search: financial aggregates
RBA Glossary definition for financial aggregates
financial aggregates – A Reserve Bank of Australia data series specifying measures of the supply of money and credit. It includes some or all of: currency on issue; current deposits with banks; other deposits of the private non-bank sector with banks; borrowings from the private sector by non-bank depository corporations; and credit (loans, advances and bills discounted to the private sector).
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The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
21 Jun 2023
RDP
2023-05
This paper presents new insights on the direct impact of lower rates on bank profitability, after controlling for other factors that operate indirectly through monetary policy's independent impact on aggregate ... Previous studies have tended to rely on
https://www.rba.gov.au/publications/rdp/2023/2023-05/full.html
Introduction
21 Jun 2023
RDP
2023-05
This paper presents new insights on the direct impact of lower rates on bank profitability, after controlling for other factors that operate indirectly through monetary policy's independent impact on aggregate
https://www.rba.gov.au/publications/rdp/2023/2023-05/introduction.html
Analytical Framework
21 Jun 2023
RDP
2023-05
As noted in Borio et al (2017), while aggregate banking conditions might affect the stance of monetary policy, the profitability of any given bank is unlikely to affect central bank decisions.
https://www.rba.gov.au/publications/rdp/2023/2023-05/analytical-framework.html
Empirical Findings across Countries
21 Jun 2023
RDP
2023-05
These estimates would be smaller still if one were to add back any effects that operate indirectly through monetary policy's effect on aggregate demand.
https://www.rba.gov.au/publications/rdp/2023/2023-05/empirical-findings-across-countries.html