Search: lending and credit aggregates

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1–5 of 5 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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The Role of Collateral in Borrowing

20 Jan 2021 RDP 2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
The large credit channel literature has identified characteristics of credit crunches (e.g. ... Rather, there is evidence of lending expansions related to heightened demand for liquid (and safe) assets.
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html

The Role of Collateral in Borrowing

20 Jan 2021 RDP 2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
banking, debt, financial markets, interest rates, money. This paper studies the role of collateral in credit markets under stress. ... Australian interbank markets at the time of the Lehman Brothers failure present a platform for identification, because
https://www.rba.gov.au/publications/rdp/2021/2021-01.html

References

20 Jan 2021 RDP 2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
Benmelech E, N Kumar and R Rajan (2020b), ‘Secured Credit Spread’, NBER Working Paper No 26799. ... Rochet J-C and J Tirole (1996), ‘Interbank Lending and Systemic Risk’, Journal of Money, Credit and Banking, 28(4, Part 2), pp 733–762.
https://www.rba.gov.au/publications/rdp/2021/2021-01/references.html

Institutional Background and Data

20 Jan 2021 RDP 2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
The RBA keeps the rate at target by controlling the aggregate supply of reserve balances via RBA repo auctions each morning, and the lack of cross-sectional variance is due to ... The unsecured lending data come from a proprietary transaction-level
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
Nicholas Garvin, David W Hughes and José-Luis Peydró
Afonso et al (2011) speculate similar motives for unexplained patterns in unsecured lending behaviour. ... therefore may not have up-to-date credit risk beliefs about each other.
https://www.rba.gov.au/publications/rdp/2021/2021-01/the-repo-and-unsecured-markets-reactions-to-stress.html