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Changes in the Behaviour of Banks and Their Implications for Financial Aggregates

Author

Listed:
  • Ric Battellino

    (Reserve Bank of Australia)

  • Nola McMillan

    (Reserve Bank of Australia)

Abstract

This paper is one of a series of papers about monetary policy and the economy. The focus of this particular paper is the way banks have changed their behaviour as a result of the process of deregulation that began in the 1970s and accelerated in the 1980s. The principal theme of the paper is the shift from asset management to liability management that accompanied deregulation. This change in particular has had implications for the behaviour and interpretation of financial aggregates. The paper is largely historical but includes some comments on recent changes, including to SRD arrangements.

Suggested Citation

  • Ric Battellino & Nola McMillan, 1989. "Changes in the Behaviour of Banks and Their Implications for Financial Aggregates," RBA Research Discussion Papers rdp8904, Reserve Bank of Australia.
    • Handle: RePEc:rba:rbardp:rdp8904
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    File URL: https://www.rba.gov.au/publications/rdp/1989/8904.html
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    Cited by:

    1. Tim Robinson & Tim Atkin & Mark Caputo & Hao Wang, 2017. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(3), pages 291-315, November.
    2. Ricardo J Caballero & Kevin Cowan & Jonathan Kearns, 2004. "Fear of Sudden Stops: Lessons from Australia and Chile," RBA Research Discussion Papers rdp2004-03, Reserve Bank of Australia.
    3. Felmingham, B. & Zhang, Q., 2000. "The Long Run Demand for Broad Money in Australia Subject to Regime Shifts," Papers 2000-07, Tasmania - Department of Economics.
    4. Susan Black & Joshua Kirkwood & Thomas Williams & Alan Rai, 2013. "A History of Australian Corporate Bonds," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 53(3), pages 292-317, November.
    5. de Brouwer,Gordon, 1999. "Financial Integration in East Asia," Cambridge Books, Cambridge University Press, number 9780521651486.
    6. Felmingham, Bruce & Zhang, Qing, 2001. "The Long Run Demand For Broad Money in Australia Subject to Regime Shifts," Australian Economic Papers, Wiley Blackwell, vol. 40(2), pages 146-155, June.
    7. Gordon de Brouwer & Irene Ng & Robert Subbaraman, 1993. "The Demand for Money in Australia: New Tests on an Old Topic," RBA Research Discussion Papers rdp9314, Reserve Bank of Australia.
    8. David Rodgers, 2015. "Credit Losses at Australian Banks: 1980–2013," RBA Research Discussion Papers rdp2015-06, Reserve Bank of Australia.
    9. Warren Tease & Jenny Wilkinson, 1993. "The Provision of Financial Services – Trends, Prospects and Implications," RBA Research Discussion Papers rdp9315, Reserve Bank of Australia.
    10. Malcolm Edey & Robin Foster & Ian Macfarlane, 1991. "The Role of Superannuation in the Financial Sector and in Aggregate Saving: A Review of Recent Trends," RBA Research Discussion Papers rdp9112, Reserve Bank of Australia.
    11. Ricardo Caballero & Kevin Cowan & Jonathan Kearns, 2005. "Fear of Sudden Stops: Lessons From Australia and Chile," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 8(4), pages 313-354.
    12. Ricardo J. Caballero & Kevin Cowan & Jonathan Kearns, 2005. "El temor a las paradas repentinas: enseñanzas de Australia y Chile," Research Department Publications 4364, Inter-American Development Bank, Research Department.
    13. Victor Argy & Anthony Brennan & Glenn Stevens, 1990. "Monetary Targeting: The International Experience," The Economic Record, The Economic Society of Australia, vol. 66(1), pages 37-62, March.
    14. Nargis Bharucha & Ellis W. Tallman, 2000. "Credit crunch or what? Australian banks during the 1986–93 credit cycle," Economic Review, Federal Reserve Bank of Atlanta, vol. 85(Q3), pages 13-34.

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