New Zealand Bank Vulnerabilities in International Perspective
AbstractThe global financial crisis is creating stress on banking systems across the world through funding and asset quality shocks. This paper combines different stress scenarios, as well as cross-country analysis, to assess New Zealand bank vulnerabilities to the global crisis and the domestic recession. It finds that a sharp worsening of asset quality would be required to reduce bank capital below the regulatory minimum. On the funding side, a disruption to banks' offshore funding may put pressure on the exchange rate, but would not trigger a systemic liquidity problem.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 09/224.
Date of creation: 01 Oct 2009
Date of revision:
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Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htm
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-10-31 (All new papers)
- NEP-BAN-2009-10-31 (Banking)
- NEP-RMG-2009-10-31 (Risk Management)
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- B. Jang & Masahiko Kataoka, 2013. "New Zealand Banksâ€™ Vulnerabilities and Capital Adequacy," IMF Working Papers 13/7, International Monetary Fund.
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