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1–8 of 8 collapsed search results for 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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Other Mortgage Market Outcomes

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Sources: Authors' calculations; RBA Statistical table D1 Growth in Selected Financial Aggregates. ... It is worth noting, however, that competition and financial stability can conflict with each other.
https://www.rba.gov.au/publications/rdp/2021/2021-07/other-mortgage-market-outcomes.html

Macroprudential Limits on Mortgage Products: The Australian Experience

26 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Macroprudential credit growth limits are backed by a deep literature tying credit growth to financial crises. ... affected. Figure 3: Counterfactual Aggregate Lending. Actuals solid, counterfactuals dashed. Sources: APRA; Authors' calculations.
https://www.rba.gov.au/publications/rdp/2021/2021-07/full.html

Introduction

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Macroprudential credit growth limits are backed by a deep literature tying credit growth to financial crises. ... Research shows that excessive credit growth is the most consistent antecedent of financial crises (e.g.
https://www.rba.gov.au/publications/rdp/2021/2021-07/introduction.html

Policy Effects of the Investor Limit

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
affected. Figure 3: Counterfactual Aggregate Lending. Actuals solid, counterfactuals dashed. Sources: APRA; Authors' calculations. ... The aggregate counterfactuals sum these across all banks within either the large or mid-sized category.
https://www.rba.gov.au/publications/rdp/2021/2021-07/policy-effects-of-the-investor-limit.html

Non-technical summary for ‘Macroprudential Limits on Mortgage Products: The Australian Experience’

26 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
While the policies did not slow aggregate mortgage growth, they slowed growth in the targeted mortgage types. ... The broad aim of macroprudential policy is to manage systemic risk in the financial sector.
https://www.rba.gov.au/publications/rdp/2021/2021-07/non-technical-summary.html

Data and Variables

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Figure 1 displays the aggregate behaviour of some key variables. Most commitments are for occupier P&I mortgages, with the remaining commitments roughly equally split across the other 3 mortgage types, ... Figure 1: Mortgage Aggregates and Macro Controls.
https://www.rba.gov.au/publications/rdp/2021/2021-07/data-and-variables.html

Empirical Strategy

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
However, aggregate policy effects are less clear with this specification, hence the use of 2 separate strategies. ... But that interpretation would be close for samples containing only the 4 large banks.) To understand aggregated effects we report
https://www.rba.gov.au/publications/rdp/2021/2021-07/empirical-strategy.html

Policy Effects of the Interest-only Limit

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
In the aggregate commitments data, the policy effect appears immediate (Figure 7). ... Figure 8: Counterfactual Aggregate Lending. Actuals solid, counterfactuals dashed. Sources: APRA; Authors' calculations.
https://www.rba.gov.au/publications/rdp/2021/2021-07/policy-effects-of-the-interest-only-limit.html