Search: 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 Determinants of Mortgage Defaults in Australia – Evidence for the Double-trigger Hypothesis
19 Jul 2020
RDP
PDF
1853KB
Elul et al (2010) use borrowers’ credit card data as a proxy for liquidity constraints. ... such as through the credit rating agencies’ ratings criteria. For example, the Securitisation Dataset.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-03.pdf
Do Australian Households Borrow to Keep up with the Joneses?
8 Nov 2022
RDP
PDF
1659KB
literature is the potential for local inequality to affect indebtedness and credit allocation. ... for credit (Cox and Jappelli 1993; Duca and Rosenthal 1993; Browning, Gørtz and.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-06.pdf
The Real Effects of Debt Covenants: Evidence from Australia
25 Oct 2022
RDP
2022-05
Finally, I quantify the aggregate effects of changes in the types of covenants used on the transmission of monetary policy. ... Lastly, both the actual usage and the reporting of debt covenants may change over time due to changes in aggregate economic
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html
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How Risky is Australian Household Debt?
19 Aug 2020
RDP
PDF
1880KB
These factors likely include the distribution of debt, the quality of lending, institutional structures. ... more sensitive to shocks to wealth we actually reduce the estimated decline in aggregate.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-05.pdf
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
PDF
1774KB
Therefore, by increasing their lending spreads (i.e. by reducing credit supply), banks increase. ... Debt/deposit. funding spread(b). (to cash rate). Credit. growth. Unconstrained. lending spread(c).
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf
Trends in the Funding and Lending Behaviour of Australian Banks
2 Feb 2015
RDP
PDF
1090KB
This has resulted in a debate about whether deposit growth will place any form of constraint on lending growth should the rate of credit growth increase or domestic savings decrease (Coffey ... Sources: RBA; authors’ calculations. 3.2.2 Pricing of risk.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-15.pdf
Robustness
31 Dec 2012
RDP
2012-02
RDP 2012-02: The Role of Credit Supply in the Australian Economy 6. ... GNE is assumed to respond contemporaneously to credit, reflecting a quick pass-through of credit to aggregate demand.
https://www.rba.gov.au/publications/rdp/2012/2012-02/robustness.html
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China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
Open market operations. Benchmark lending/deposit rates. Lending facility rates. Required reserve ratio. ... credit management which was based on new instruments and more active management of existing instruments.
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
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Credit Spreads, Monetary Policy and the Price Puzzle
23 Jan 2020
RDP
PDF
1959KB
I will show that both of these conditions are likely fulfilled with Zt including credit risk spreads in money market or lending rates. ... spreads ( MMtcs , regression BT-CS1). The cash rate response to business lending spreads (LBtcs ),. US credit
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-01.pdf
The Determinants of Mortgage Defaults in Australia – Evidence for the Double-trigger Hypothesis
22 Jul 2020
RDP
2020-03
While examples of localised stress may differ from a nationwide stress event, they likely provide the best possible estimates of credit risk during a period of stress in Australia. ... Issuers of securitisations may also face incentives to
https://www.rba.gov.au/publications/rdp/2020/2020-03/full.html
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