RDP 2015-06: Credit Losses at Australian Banks: 1980–2013
Equation (2)
C
L
R
i
t
=
α
i
+
β
′
B
S
L
i
t
−
1
M
A
C
R
O
1
t
+
Γ
′
H
S
L
i
t
−
1
M
A
C
R
O
2
t
+
K
′
P
S
L
i
t
−
1
M
A
C
R
O
3
t
+
γ
′
B
L
E
V
E
L
i
t
+
ε
i
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGdb GaamitaiaadkfadaWgaaWcbaGaamyAaiaadshaaeqaaOGaeyypa0Ja eqySde2aaSbaaSqaaiaadMgaaeqaaOGaey4kaSIafqOSdiMbauaaca WGcbGaam4uaiaadYeadaWgaaWcbaGaamyAaiaadshacqGHsislcaaI Xaaabeaakiaad2eacaWGbbGaam4qaiaadkfacaWGpbGaaGymamaaBa aaleaacaWG0baabeaakiabgUcaRiqbfo5ahzaafaGaamisaiaadofa caWGmbWaaSbaaSqaaiaadMgacaWG0bGaeyOeI0IaaGymaaqabaGcca WGnbGaamyqaiaadoeacaWGsbGaam4taiaaikdadaWgaaWcbaGaamiD aaqabaaakeaacqGHRaWkceWGlbGbauaacaWGqbGaam4uaiaadYeada WgaaWcbaGaamyAaiaadshacqGHsislcaaIXaaabeaakiaad2eacaWG bbGaam4qaiaadkfacaWGpbGaaG4mamaaBaaaleaacaWG0baabeaaki abgUcaRiqbeo7aNzaafaGaamOqaiaadYeacaWGfbGaamOvaiaadwea caWGmbWaaSbaaSqaaiaadMgacaWG0baabeaakiabgUcaRiabew7aLn aaBaaaleaacaWGPbGaamiDaaqabaaaaaa@77B1@