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New Zealand Bank Vulnerabilities in International Perspective

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Author Info

  • Rodrigo Cubero
  • Ray Brooks

Abstract

The 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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File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23294
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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 09/224.

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Length: 26
Date of creation: 01 Oct 2009
Date of revision:
Handle: RePEc:imf:imfwpa:09/224

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Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
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Web page: http://www.imf.org/external/pubind.htm
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Related research

Keywords: Banking sector; Banks; Corporate sector; Credit risk; Financial assets; Financial soundness indicators; Household credit; Housing prices; Risk management; mortgages; mortgage; banking; probability of default; bank capital; tier 1 capital; banking system; mortgage lending; bank asset; bank assets; bank subsidiaries; capital adequacy; residential mortgages; bank asset quality; return on assets; housing loans; mortgage defaults; residential mortgage; bank profits; interest coverage ratio; mortgage debt; foreign exchange; bank funding; mortgage interest rates; bank borrowing; net interest margin; mortgage default; mortgage interest; commercial property; savings bank; bank debt; return on equity; mortgage rates; bank vulnerabilities; bank loans; mortgage loans; banking systems; bankrupt; foreign exchange exposure; bank bailout; mortgage market; bank governors; off balance sheet; banking sectors; banks balance sheet; banks ? balance sheet; mortgage payments; capital adequacy ratio; foreclosure; retail mortgages; country comparison; dividend payout; mortgage products; bank access; bank regulations; mortgage securities; banking system vulnerabilities; bank failures; banks ? asset; bank losses; domestic liquidity;

This paper has been announced in the following NEP Reports:

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Cited by:
  1. B. Jang & Masahiko Kataoka, 2013. "New Zealand Banks’ Vulnerabilities and Capital Adequacy," IMF Working Papers 13/7, International Monetary Fund.

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