IDEAS home Printed from https://ideas.repec.org/a/nzb/nzbbul/sept20112.html
   My bibliography  Save this article

A primer on open bank resolution

Author

Listed:

Abstract

The Reserve Bank supervises registered banks with the objective of promoting the maintenance of a sound and efficient financial system and avoiding significant damage to the financial system from the failure of a bank. While the Reserve Bank designs its prudential supervision to reduce the risk of banking failure, bank failures remain possible. It is therefore essential that there are robust processes in place to manage bank failures to minimise the costs and disruption to the financial system and the wider economy, whilst minimising the cost to the taxpayer of doing so. This article outlines the work that the Reserve Bank has been doing to implement its Open Bank Resolution (OBR) policy to meet these objectives, and explains how the policy would affect different parties were it necessary to use it in practice.

Suggested Citation

  • Kevin Hoskin & Ian Woolford, 2011. "A primer on open bank resolution," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 74, pages 5-10, September.
  • Handle: RePEc:nzb:nzbbul:sept2011:2
    as

    Download full text from publisher

    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2011/2011sep74-3HoskinWoolford.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. A. S. Benetrix & P. R. Lane, 2013. "Fiscal Shocks and the Real Exchange Rate," International Journal of Central Banking, International Journal of Central Banking, vol. 9(3), pages 6-37, September.
    2. Seater, John J, 1993. "Ricardian Equivalence," Journal of Economic Literature, American Economic Association, vol. 31(1), pages 142-190, March.
    3. Beetsma, Roel & Giuliodori, Massimo & Wierts, Peter, 2009. "Budgeting versus implementing fiscal policy in the EU," CEPR Discussion Papers 7285, C.E.P.R. Discussion Papers.
    4. Luca Antonio Ricci & Gian Maria Milesi‐Ferretti & Jaewoo Lee, 2013. "Real Exchange Rates and Fundamentals: A Cross‐Country Perspective," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(5), pages 845-865, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David G. Mayes, 2012. "Moral Hazard, Bank Resolution and the Protection of Depositors," Chapters,in: Research Handbook on International Banking and Governance, chapter 14 Edward Elgar Publishing.
    2. repec:pal:jbkreg:v:18:y:2017:i:3:d:10.1057_s41261-016-0006-z is not listed on IDEAS

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nzb:nzbbul:sept2011:2. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Reserve Bank of New Zealand Knowledge Centre). General contact details of provider: http://edirc.repec.org/data/rbngvnz.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.