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RBA Glossary definition for financial institution

financial institution – A company whose primary function is to intermediate between lenders and borrowers in the economy.

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MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
Our state-dependent approach is a significant advance on the treatment of financial sectors within existing macroeconometric models.
https://www.rba.gov.au/publications/rdp/2022/2022-01.html

BA-MARTIN in Detail

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
choices that ensure we do not underestimate the financial accelerator effect, rather than exactly how banks would behave. ... credit supply, resulting in a much larger financial accelerator mechanism than with our baseline assumption.
https://www.rba.gov.au/publications/rdp/2022/2022-01/ba-martin-in-detail.html

MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
Research Discussion Paper – RDP 2022-01 MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model. Anthony Brassil, Mike Major and Peter Rickards. January 2022. 1.71. MB. For generously giving up their time to help us
https://www.rba.gov.au/publications/rdp/2022/2022-01/sections.html

BA-MARTIN in a Nutshell

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
a response is more consistent with the experience of major banking systems during the global financial crisis (Maddalonia and Peydró 2013; Bassett et al 2014), and is therefore an important scenario ... credit supply, resulting in a much larger
https://www.rba.gov.au/publications/rdp/2022/2022-01/ba-martin-in-a-nutshell.html

Introduction

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
Specifically, we show:. how the inclusion of a ‘financial accelerator’ mechanism changes how large shocks are transmitted through the economy (Section 4); and. ... To be absolutely clear, these amplified numbers are scenarios not forecasts, and are
https://www.rba.gov.au/publications/rdp/2022/2022-01/introduction.html

Non-technical summary for ‘MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model’

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
Our modelling approach is a significant advance on the treatment of financial sectors within existing macroeconometric models. ... This amplification might seem small given the size of the downturn in the modelled scenario and how much damage the global
https://www.rba.gov.au/publications/rdp/2022/2022-01/non-technical-summary.html

MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
credit supply, resulting in a much larger financial accelerator mechanism than with our baseline assumption. ... choices that ensure we do not underestimate the financial accelerator effect, rather than exactly how banks would behave.
https://www.rba.gov.au/publications/rdp/2022/2022-01/full.html

Read me file

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
Capital ratio and losses data are available from the APRA statistics website: https://www.apra.gov.au/quarterly-authorised-deposit-taking-institution-statistics.
https://www.rba.gov.au/publications/rdp/2022/2022-01/read-me.html

References

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
RBA (2020a), ‘The Australian Financial System’, Financial Stability Review, October, pp 35–45. ... RBA (2020b), ‘Box C: The Use of Banks' Capital Buffers’, Financial Stability Review, October.
https://www.rba.gov.au/publications/rdp/2022/2022-01/references.html

Appendix A: Literature Review

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
Brayton, Laubach and Reifschneider 2014) abstracts from both financial accelerator mechanisms and the financial sector. ... The Bank of Japan uses an estimated medium-scale model with a macroeconomic sector, and a financial sector split into individual
https://www.rba.gov.au/publications/rdp/2022/2022-01/appendix-a.html