SLIDE 1
12 July 2012 Presentation to The Economist Bellwether Series 2012 (Sydney)
Philip Lowe Deputy Governor Central Bank Balance Sheets Assets, - - PowerPoint PPT Presentation
Philip Lowe Deputy Governor Central Bank Balance Sheets Assets, - - PowerPoint PPT Presentation
12 July 2012 Presentation to The Economist Bellwether Series 2012 (Sydney) The Euro Crisis and the Financial System Philip Lowe Deputy Governor Central Bank Balance Sheets Assets, per cent of GDP % % 30 30 Bank of Japan 25 25 20 20
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3 6 9 12 15 3 6 9 12 15
10-year Government Bond Yields
Sources: Bloomberg; Global Financial Data
US % % 2012 Germany Japan 2002 1992 1982 1972 1962
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100 200 300 400 100 200 300 400
AAA-rated Securities Issuance
Based on Standard & Poor's ratings, 12-month rolling average
Source: Dealogic
2012 Public sector US$b US$b 2008 2004 2000 Private sector
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0.3 1.0 0.3 1.0
Banks’ Price-to-book-value Ratios
Ratio Australia Euro area Non-Japan Asia
Source: Bloomberg
2012 2010 2008 2006 2004 Ratio 2.0 3.0 2.0 3.0 Log scale
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Private Sector Credit Growth
Year-ended % Japan
- 15
15
- 15
15 15 15
Sources: CEIC; ECB; IMF; RBA; Thomson Reuters
2012 United States Rest of east Asia % % % Euro area 2012 2007 2002 2007 2002
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- 150
- 100
- 50
50 100 150
- 150
- 100
- 50
50 100 150
Non-Japan Asia – Net Private Capital Flows
Rolling 4-quarter sum
Source: CEIC
2012 US$b US$b 2011 2010 2009 2008 2007 2006
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5 10 15 5 10 15
Share of Business Credit
Foreign-owned banks 2012 European % 2010 2008 2006 2004 2002 Asian North American %
Sources: APRA; RBA
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1 2 3 1 2 3
Australian-owned Banks’ Claims on Asia
Share of consolidated assets, immediate risk basis 2011 % % 2009 2007 2005 2003
Sources: APRA; RBA
SLIDE 11
- 100
100 200 300
- 100
100 200 300
- 100
100 200 300
- 100