Search: financial aggregates

Sort by: Relevance Date
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).

Search Results

The Demand for Money in Australia: New Tests on an Old Topic

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1993/9314.html

Conclusion

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
In the face of financial innovation and regulatory changes, however, the short-run demand for real money balances proved unstable, and the policy unworkable. ... A finding of cointegration between money and income would not, in itself, necessarily
https://www.rba.gov.au/publications/rdp/1993/9314/conclusion.html

The State of Play

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
This paper reviews the evidence for all these aggregates. With financial liberalisation and innovation, the range of bank deposits and their substitutes has expanded rapidly, and distinctions between money and ... financial assets, though the empirical
https://www.rba.gov.au/publications/rdp/1993/9314/state-of-play.html

Introduction

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
Download the Paper 135. KB. One of the most enduring analytical devices in macroeconomics has been the aggregate money demand function. ... sustained shifts in velocity that have affected all the monetary aggregates at one time or another.
https://www.rba.gov.au/publications/rdp/1993/9314/introduction.html

Cointegration

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
Table 3: Summary of Cointegration Results. Regressors Money Aggregates. GDP. GDP O/R. ... We now discuss the results for each of the aggregates, and then proceed to draw these together in a general discussion.
https://www.rba.gov.au/publications/rdp/1993/9314/cointegration.html

The Data and Their Order of Integration

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
The series adjusted for changes in the classification of financial institutions is called M3-BA. ... As a broader measure of money, it is substantially less affected by changes in financial intermediation.
https://www.rba.gov.au/publications/rdp/1993/9314/data-order-integration.html

References

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
59, pp. 25–61. Battellino, R. and N. McMillan (1989), ‘Changes in the Behaviour of Banks and their Implications for Financial Aggregates’, in I. ... Morris and G. Stevens (1989), ‘The Relationship between Financial Indicators and Activity:
https://www.rba.gov.au/publications/rdp/1993/9314/references.html

Appendix 1: Data

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
Definition: Seasonally-adjusted M3 adjusted for breaks due to the transfer of non-bank financial intermediary (NBFI) business to banks or the establishment of new banks. ... Definition: The sum of the interest rates paid on the interest-bearing deposit
https://www.rba.gov.au/publications/rdp/1993/9314/appendix-1.html