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RBA Glossary definition for lender

lender – A person or institution which provides loans on agreed terms to borrowers.

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The Household Cash Flow Channel of Monetary Policy

16 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
This is consistent with a ‘lender’ cash flow channel. Overall, the borrower channel is a stronger channel of monetary transmission than the lender channel, such that lower interest rates will typically
https://www.rba.gov.au/publications/rdp/2016/2016-12.html

Data

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
a) Borrowers (lenders) are households with negative (positive) net interest-earning liquid assets. ... the borrower channel will be stronger than the lender channel). While there are roughly similar shares of lenders and borrowers in the population,
https://www.rba.gov.au/publications/rdp/2016/2016-12/data.html

The Household Cash Flow Channel of Monetary Policy

1 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
Second, we explore the quantitative importance of both the borrower and lender channels. ... the borrower channel will be stronger than the lender channel). While there are roughly similar shares of lenders and borrowers in the population, average debt
https://www.rba.gov.au/publications/rdp/2016/2016-12/full.html

Appendix A: Full Regression Output

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
For lenders, this is equal to disposable income less required mortgage repayments and interest income (as calculated above). ... Non-HtM households. Borrowers. Lenders. Borrowers. Lenders. Borrowers. Lenders. Interest-sensitive cash flows.
https://www.rba.gov.au/publications/rdp/2016/2016-12/appendix-a.html

Conclusion

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
We find some evidence for the existence of a lender cash flow channel, but the estimated effect is not strong enough to offset the borrower cash flow channel at an aggregate ... Borrowers have a higher propensity to consume than lenders, and borrowers
https://www.rba.gov.au/publications/rdp/2016/2016-12/conclusion.html

Introduction

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
Second, we explore the quantitative importance of both the borrower and lender channels. ... In contrast, there is virtually no research on the lender cash flow channel.
https://www.rba.gov.au/publications/rdp/2016/2016-12/introduction.html

Quantifying the Aggregate Cash Flow Channel

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
All households. HtM households. Borrowers. Lenders. Borrowers. Lenders. Mean net interest-earning liquid assets ($). ... of about 0.3 per cent in durables spending for the average lender.).
https://www.rba.gov.au/publications/rdp/2016/2016-12/quantifying-the-aggregate-cash-flow-channel.html

The Sensitivity of Household Spending to Cash Flows

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
The results are consistent with the presence of both borrower and lender cash flow channels. ... HtM households. Non-HtM households. Borrowers. Lenders. Borrowers. Lenders. Borrowers. Lenders. Interest-sensitive.
https://www.rba.gov.au/publications/rdp/2016/2016-12/sensitivity-of-household-spending-to-cash-flows.html

A Closer Look at the Borrower Cash Flow Channel

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
cash flows are unchanged). The extent to which borrowers adjust their repayments depends on a number of factors, including lender processes, the level of mortgage lending rates, and the level of
https://www.rba.gov.au/publications/rdp/2016/2016-12/closer-look-at-the-borrower-cash-flow-channel.html