Search: lending and credit aggregates

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1–7 of 7 collapsed search results for 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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Other Mortgage Market Outcomes

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Aggregate credit growth data are not available for IO mortgages, but, as evident in Figure 1, the IO share of investor loans is higher than that of occupier loans.) Credit growth ... Footnotes. The CreditGrth. t. variables are of Australian credit
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
Our work presents several other results. Analysis of aggregate credit indicates that the policies had little effect on overall housing credit growth – with large banks substituting across housing credit types – and, ... affected. Figure 3:
https://www.rba.gov.au/publications/rdp/2021/2021-07/full.html

Data and Variables

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Commitments are a better measure of mortgage origination than changes in credit outstanding, for 2 reasons. ... Second, credit outstanding can move for reasons unrelated to new lending, such as refinancing, early repayments, or drawing down on excess
https://www.rba.gov.au/publications/rdp/2021/2021-07/data-and-variables.html

Introduction

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Our work presents several other results. Analysis of aggregate credit indicates that the policies had little effect on overall housing credit growth – with large banks substituting across housing credit types – and, ... outcomes of interest: banks'
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
aggregate housing credit. ... affected. Figure 3: 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-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
As seen in Figures 1 and 2 below, both policies quickly reduced aggregate growth in the types of lending that APRA was targeting. ... While the policies did not slow aggregate mortgage growth, they slowed growth in the targeted mortgage types.
https://www.rba.gov.au/publications/rdp/2021/2021-07/non-technical-summary.html

Policy Effects of the Interest-only Limit

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Data are not available for new lending (i.e. mortgage originations), and so we proxy with mortgage commitments. ... 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