Search: lending and credit aggregates
RBA Glossary definition for lending and credit aggregates
lending and credit aggregates – Reserve Bank of Australia measures of lending and credit made available to the private non-finance sector (including public trading enterprises) or, the government sector by those financial intermediaries whose liabilities are included in broad money. Broad money is defined as currency plus bank current deposits of the private non-bank sector, plus all other bank deposits of the private non-bank sector plus borrowings from the private sector by non-bank financial intermediaries (NBFIs), less the latter's holdings of currency and bank deposits.
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The Relationship between Financial Indicators and Economic Activity: 1968-1987
1 Aug 1988
RDP
8805
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1988/8805.html
Conclusions
1 Aug 1988
RDP
8805
There is also evidence of a shift in the relationship of broad lending and credit aggregates to real demand in recent years. ... The broad lending and credit aggregates have been growing much faster than nominal demand in recent years, and there is now
https://www.rba.gov.au/publications/rdp/1988/8805/conclusions.html
Appendix: Data Sources and Methods
1 Aug 1988
RDP
8805
For the monetary and credit aggregates, all data are from the Reserve Bank. ... Data for broad money, bank lending, lending by all financial intermediaries and credit have been seasonally adjusted by the authors, using the multiplicative X-11Q procedure.
https://www.rba.gov.au/publications/rdp/1988/8805/appendix.html
The Indicators
1 Aug 1988
RDP
8805
bank lending to the public, which is banks' loans, advances and bills discounted. ... credit, which is lending plus bank-accepted bills outstanding (other than those discounted by financial intermediaries).
https://www.rba.gov.au/publications/rdp/1988/8805/indicators.html
Financial Indicators and Nominal Private Demand: Correlation Analysis
1 Aug 1988
RDP
8805
Lending and credit have very similar correlation patterns. The current coefficients are both positive and significant, (unlike the results using real demand) but no leading coefficients are significant. ... It suggests that the broader lending and credit
https://www.rba.gov.au/publications/rdp/1988/8805/financial-indicators-and-nominal-private-demand-correlation-analysis.html
Financial Indicators and Real Private Demand: Correlation Analysis
1 Aug 1988
RDP
8805
Neither lending nor credit show a coincident correlation at all. An obvious explanation is that the broader aggregates do not lead demand, but lag it. ... There is also no evidence of coincident relationships for the broader lending aggregates in the
https://www.rba.gov.au/publications/rdp/1988/8805/financial-indicators-and-real-private-demand-correlation-analysis.html
Financial Indicators and Real Private Demand: Graphical Comparisons
1 Aug 1988
RDP
8805
The same situation occurred in 1985/86. If anything, lending and credit showed a greater tendency to lag than did broad money. ... There is some evidence of a shift in the relationship between lending and credit and demand in recent years.
https://www.rba.gov.au/publications/rdp/1988/8805/financial-indicators-and-real-private-demand-graphical-comparisons.html
Financial Indicators and Nominal Private Demand: Graphical Comparisons
1 Aug 1988
RDP
8805
Figure 13 shows growth in nominal demand and growth in the broader financial aggregates – broad money, lending and credit. ... money. While all three aggregates grew at rates a little above that of nominal demand in the late 1970s and early 1980s,
https://www.rba.gov.au/publications/rdp/1988/8805/financial-indicators-and-nominal-private-demand-graphical-comparisons.html