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Recent developments in New Zealand's financial stability

Author

Listed:
  • Aron Gereben
  • Leslie Hull
  • Ian Woolford

    (Reserve Bank of New Zealand)

Abstract

This article assesses the current state of, and threats to, financial stability in New Zealand. It does this against the backdrop of a particularly uncertain external environment. It concludes that, despite the current slowdown in global activity, substantial falls in international share prices, and high profile corporate failures, there do not appear to be any immediate concerns for financial stability locally: banks are well capitalised, corporate balance sheets appear healthy, and although household leverage is high by international standards, it has been stable recently.

Suggested Citation

  • Aron Gereben & Leslie Hull & Ian Woolford, 2002. "Recent developments in New Zealand's financial stability," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, September.
    • Handle: RePEc:nzb:nzbbul:september2002:2
    as

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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2002/2002sep65-3GerebenHullWoolford.pdf
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    References listed on IDEAS

    as
    1. Ian Woolford, 2001. "Macro-financial stability and macroprudential analysis," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 64, September.
    2. Aron Gereben, 2002. "Extracting market expectations from option prices?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, March.
    3. Micahel Gordon & Leslie Hull & Clive Thorp, 2003. "Recent developments in New Zealand's financial stability," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, September.
    4. Shahla Motadel, 1996. "Credit ratings: opinions on credit quality," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 59, June.
    5. Michael Reddell & Ian Woolford & Sean Comber, 2001. "International capital flows, external debt, and New Zealand financial stability," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 64, December.
    6. Geof Mortlock & Ian Woolford, 2003. "Financial sector assessment programme," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, March.
    7. Denys Bruce, 2002. "Developments in the New Zealand banking industry," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, June.
    8. Clive Thorp, 2003. "Financial intermediation beyond the banks: recent developments," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, June.
    9. Lauren Rosborough, 2001. "Trends in foreign exchange trading," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 64, December.
    10. Robert St Clair & Christine Tether & Bruce White, 1998. "The intermediation of international capital flows," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 61, June.
    11. Dr Don Brash, 2002. "An indebted people," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, March.
    12. Clive Thorp & Bun Ung, 2001. "Recent trends in household financial assets and liabilities," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 64, June.
    13. Clive Thorp, 2002. "Developments in credit markets over two decades," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, June.
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    Cited by:

    1. Micahel Gordon & Leslie Hull & Clive Thorp, 2003. "Recent developments in New Zealand's financial stability," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, September.

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