Search: lender
RBA Glossary definition for lender
lender – A person or institution which provides loans on agreed terms to borrowers.
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The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
Controlling for lender behaviour is important because matching between borrowers and lenders is endogenous. ... 0. 0.36. 1.69. 0.50. Panel C: Number of unique lenders (borrowers) to each borrower (lender) across sample.
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
Introduction
20 Jan 2021
RDP
2021-01
Controlling for lender behaviour is important because matching between borrowers and lenders is endogenous. ... Reactions to financial stress also differ across markets at the borrower (conditional on lender) level.
https://www.rba.gov.au/publications/rdp/2021/2021-01/introduction.html
Appendix B: Additional Regressions and Robustness Tests
20 Jan 2021
RDP
2021-01
lbd. or Participation. lbdm. ), on interactions between borrower or lender characteristics and market stress. ... Lender and Borrower Day. Lender Borrower Day. Observations. 5,800. 5,800. 3,020.
https://www.rba.gov.au/publications/rdp/2021/2021-01/appendix-b.html
Read me
20 Jan 2021
RDP
2021-01
For each observation, add variables for the borrower and lender characteristics, from dataset (4) and step (Ie), into the regression dataset. ... For borrowers or lenders without characteristics (e.g. client ‘entities’ and BankWest), these
https://www.rba.gov.au/publications/rdp/2021/2021-01/read-me.html
Non-technical summary for ‘The Role of Collateral in Borrowing’
20 Jan 2021
RDP
2021-01
In financial crises, lenders typically reduce their risk taking, so one would expect collateralised borrowing to become relatively easier. ... Estimated Change in Borrowing. Per lender, from before to after the Lehman Brothers default.
https://www.rba.gov.au/publications/rdp/2021/2021-01/non-technical-summary.html
Empirical Strategy
20 Jan 2021
RDP
2021-01
2009), which implies that lenders choose their borrowers in similar (for monitoring) or in different (for risk diversification) businesses and geographical areas. ... b. β. ε. l. b. d. To analyse lender characteristics, the l and b subscripts are
https://www.rba.gov.au/publications/rdp/2021/2021-01/empirical-strategy.html
Further Robustness
20 Jan 2021
RDP
2021-01
The regressions in Section 4 cluster at the borrower and lender and day levels, which tends to make the minimum number of clusters around 15 to 20. ... For the specification (1) regressions, we cluster at the borrowerlender and borrowerday and lenderday
https://www.rba.gov.au/publications/rdp/2021/2021-01/further-robustness.html
Conclusion
20 Jan 2021
RDP
2021-01
We control for endogenous borrower-lender matching by adopting fixed effects at the lendertime level or higher. ... Patterns across lenders and collateral types indicate that this demand to hold liquid/safe assets facilitates credit flows, resembling the
https://www.rba.gov.au/publications/rdp/2021/2021-01/conclusion.html
Institutional Background and Data
20 Jan 2021
RDP
2021-01
0. 0.36. 1.69. 0.50. Panel C: Number of unique lenders (borrowers) to each borrower (lender) across sample. ... Lenders to each borrower. Borrowers to each lender. Min. Mean. Max.
https://www.rba.gov.au/publications/rdp/2021/2021-01/institutional-background-and-data.html
The Repo and Unsecured Markets' Reactions to Stress
20 Jan 2021
RDP
2021-01
4.3 Heterogeneity across Lenders. This section explores how responses to stress vary across lender characteristics. ... We explore lending motives by applying specification (1) to lender characteristics, and also by exploring how lenders' characteristics
https://www.rba.gov.au/publications/rdp/2021/2021-01/the-repo-and-unsecured-markets-reactions-to-stress.html