Net Lending to Overseas—relative to GDP. Source: Reference [14].  

Contexts in source publication

Context 1

... on the net lending positions of domestic sectors and the general lending prac- tice in Australia, we can conclude that the household sector, as the largest borrower in recent years, have borrowed from the only private net lender-the financial corpora- tions. However, part of this direct funding may come from investors overseas, because the aggregate net lending for all domestic sectors is negative for recent decades, which means Australia has been a net borrower for a long period of time (shown in Figure 4). Figure 4 illustrates that, in aggregate, the domestic sector has been a net borrower over the past four to five decades. ...

Context 2

... part of this direct funding may come from investors overseas, because the aggregate net lending for all domestic sectors is negative for recent decades, which means Australia has been a net borrower for a long period of time (shown in Figure 4). Figure 4 illustrates that, in aggregate, the domestic sector has been a net borrower over the past four to five decades. In 1979-80, net borrowing from overseas increased sharply from around 2% to 5%. ...

Context 3

... subsequent years, it has fluctuated around 4%. Net borrowing from overseas reached 5.6% in 2003-04, the highest ratio since 1994-95. To- gether with the information displayed in Figure 4 that the main borrowers in recent years are households and non-financial corporations, we can conclude that some households may borrow indirectly from overseas. ...

Context 4

... pressure of excess supply of foreign exchange and excess demand for domestic money will push up the exchange rate. In another way round, the increase in the exchange rate in recent years indicates the increase in foreign capital inflow shown in Figure 4. Much of this foreign money becomes the direct or indirect funding source of Australian household debt because, from Figure 3 we know, household sector is the largest domestic bor- rower in recent years. ...