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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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
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1886KB
that should, in principle, be sufficient to disentangle this shock from shocks to aggregate demand. ... conditions. He additionally controls for the systematic response of the cash rate to credit conditions.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
20 Aug 2019
RDP
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1571KB
account for feedback between economic variables. For example, an increase in aggregate demand. ... unemployment rate alter the distribution of income, and hence consumption, in ways that aggregate.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
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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
The Evolving Structure of the Australian Financial System
1 Dec 2009
RDP
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129KB
2 The main groups are banks, merchant banks, finance companies, building societies, credit. ... In this way, they perform the lending and credit assessmentfunctions associated with traditional banking without engaging in retaildeposit-taking.
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9605.pdf
Do Australian Households Borrow to Keep up with the Joneses?
8 Nov 2022
RDP
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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
Trends in the Funding and Lending Behaviour of Australian Banks
2 Feb 2015
RDP
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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
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
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1923KB
monetary policy, attributed to any number of frictions including interest rate controls, credit quotas,. ... Council, the formulation of aggregate supply and demand management policies is more tightly.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
Credit Spreads, Monetary Policy and the Price Puzzle
23 Jan 2020
RDP
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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
Australian Money Market Divergence: Arbitrage Opportunity or Illusion?
12 Sep 2019
RDP
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1464KB
significant opportunity cost, when compared to lending for residential housing. Not surprisingly, the. ... Lending cash to a borrower with a higher credit. rating increases the likelihood of full repayment at maturity and is associated with a lower risk.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-09.pdf
The Determinants of Mortgage Defaults in Australia – Evidence for the Double-trigger Hypothesis
19 Jul 2020
RDP
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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