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The Banking System in Australia and New Zealand: A Vision together

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  • J. Alejandro Fernández Fernández

Abstract

This paper explores the statistical similarities and differences in the banking systems of Australia and New Zealand between 2005 and 2016. It uses factorial analysis, from which the six factors are obtained, synthesizing the economic and financial measures that are used in both countries. We examine how the factors obtained behave over time and consider the implications for separate and joint prudential banking policy in the two countries. JEL classification numbers: G21, M41Keywords: Banking system in Australia and New Zealand, Factor analysis, prudential banking policy, financial stability.

Suggested Citation

  • J. Alejandro Fernández Fernández, 2019. "The Banking System in Australia and New Zealand: A Vision together," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 9(2), pages 1-1.
    • Handle: RePEc:spt:apfiba:v:9:y:2019:i:2:f:9_2_1
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    References listed on IDEAS

    as
    1. Andrew D. Crockett, 1997. "Why is financial stability a goal of public policy?," Economic Review, Federal Reserve Bank of Kansas City, vol. 82(Q IV), pages 5-22.
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    3. Rodrigo Cubero & Mr. R. Brooks, 2009. "New Zealand Bank Vulnerabilities in International Perspective," IMF Working Papers 2009/224, International Monetary Fund.
    4. Chris Hunt, 2009. "Banking crises in New Zealand - an historical perspective," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 26-41, December.
    5. Henry Kaiser, 1974. "An index of factorial simplicity," Psychometrika, Springer;The Psychometric Society, vol. 39(1), pages 31-36, March.
    6. Chay Fisher & Christopher Kent, 1999. "Two Depressions, One Banking Collapse," RBA Research Discussion Papers rdp1999-06, Reserve Bank of Australia.
    7. Niamh Sheridan & Mr. B. Jang, 2012. "Bank Capital Adequacy in Australia," IMF Working Papers 2012/025, International Monetary Fund.
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    More about this item

    Keywords

    banking system in australia and new zealand; factor analysis; prudential banking policy; financial stability.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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