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RBA Glossary definition for GFC

GFC – Global Financial Crisis

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Credit Losses at Australian Banks: 1980–2013

8 May 2015 RDP PDF 1495KB
Australian banks’ credit losses on offshore lending were significant during the GFC (see, for example, RBA (2010)), but domestic credit risk is the focus of this paper.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-06.pdf