Search: borrower
RBA Glossary definition for borrower
borrower – A person or entity that incurs a debt to a lender on agreed terms.
Search Results
The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
Australian interbank markets at the time of the Lehman Brothers failure present a platform for identification, because the collateral is liquid and homogenous across borrowers (unlike in retail credit markets), the ... After the exogenous shock,
https://www.rba.gov.au/publications/rdp/2021/2021-01.html
The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
0. 0.36. 1.69. 0.50. Panel C: Number of unique lenders (borrowers) to each borrower (lender) across sample. ... Lenders to each borrower. Borrowers to each lender. Min. Mean. Max.
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
Appendix B: Additional Regressions and Robustness Tests
20 Jan 2021
RDP
2021-01
borrowers' pre-sample AGS holdings ( AGS. b. ), borrowers' pre-sample semis holdings ( Semis. ... lbd. or Participation. lbdm. ), on interactions between borrower or lender characteristics and market stress.
https://www.rba.gov.au/publications/rdp/2021/2021-01/appendix-b.html
Introduction
20 Jan 2021
RDP
2021-01
Importantly, the collateral we analyse is liquid and homogeneous across borrowers, whereas in other markets such as real estate lending, collateral and borrower characteristics can be correlated in opaque ways. ... Interbank markets present a laboratory
https://www.rba.gov.au/publications/rdp/2021/2021-01/introduction.html
Further Robustness
20 Jan 2021
RDP
2021-01
The borrower results are largely null (Table B4), which further supports our use of NPL as a measure of counterparty risk. ... The regressions in Section 4 cluster at the borrower and lender and day levels, which tends to make the minimum number of
https://www.rba.gov.au/publications/rdp/2021/2021-01/further-robustness.html
Conclusion
20 Jan 2021
RDP
2021-01
In this setting, the collateral is liquid and homogenous across borrowers, the shock is large and exogenous (unlike in regions where banks failed), and, with loan-level data, we can control ... We control for endogenous borrower-lender matching by
https://www.rba.gov.au/publications/rdp/2021/2021-01/conclusion.html
Empirical Strategy
20 Jan 2021
RDP
2021-01
2009), which implies that lenders choose their borrowers in similar (for monitoring) or in different (for risk diversification) businesses and geographical areas. ... lbdm. also took place at the extensive margin, that is, whether borrowers (lenders)
https://www.rba.gov.au/publications/rdp/2021/2021-01/empirical-strategy.html
Read me
20 Jan 2021
RDP
2021-01
For each observation, add variables for the borrower and lender characteristics, from dataset (4) and step (Ie), into the regression dataset. ... For borrowers or lenders without characteristics (e.g. client ‘entities’ and BankWest), these
https://www.rba.gov.au/publications/rdp/2021/2021-01/read-me.html
Non-technical summary for ‘The Role of Collateral in Borrowing’
20 Jan 2021
RDP
2021-01
Collateralised borrowing rose, particularly by borrowers that already held large amounts of collateral prior to the stress. ... We show that this spike in demand meant that lenders became willing to provide cash to borrowers at very low interest rates if
https://www.rba.gov.au/publications/rdp/2021/2021-01/non-technical-summary.html
Institutional Background and Data
20 Jan 2021
RDP
2021-01
0. 0.36. 1.69. 0.50. Panel C: Number of unique lenders (borrowers) to each borrower (lender) across sample. ... Lenders to each borrower. Borrowers to each lender. Min. Mean. Max.
https://www.rba.gov.au/publications/rdp/2021/2021-01/institutional-background-and-data.html