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New Zealand: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper analyzes the underlying factors that explain the behavior of the Kiwi dollar. The findings suggest that the factors influencing the New Zealand dollar have been changing. The paper discusses that as New Zealand has become more integrated in global capital markets over time, the Kiwi dollar has become less of a commodity currency and more of a global currency that is influenced by interest rate spreads and global risk factors. The paper also looks at the strong preference for housing over financial assets exhibited by New Zealand households.

Suggested Citation

  • International Monetary Fund, 2007. "New Zealand: Selected Issues," IMF Staff Country Reports 2007/151, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/151
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    References listed on IDEAS

    as
    1. Rinaldi, Laura & Sanchis-Arellano, Alicia, 2006. "Household debt sustainability: what explains household non-performing loans? An empirical analysis," Working Paper Series 570, European Central Bank.
    2. Arthur Grimes & Suzi Kerr & Andrew Aitken, 2003. "Housing and Economic Adjustment," Urban/Regional 0310006, University Library of Munich, Germany.
    3. Bob Buckle & Aaron Drew, 2006. "Testing stabilisation policy limits in a small open economy: editor's summary of a macroeconomic policy forum," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, pages 1-9, December.
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    Cited by:

    1. Rodrigo Cubero & Mr. R. Brooks, 2009. "New Zealand Bank Vulnerabilities in International Perspective," IMF Working Papers 2009/224, International Monetary Fund.
    2. International Monetary Fund, 2008. "Australia: Selected Issues," IMF Staff Country Reports 2008/311, International Monetary Fund.
    3. Procter, Roger, 2011. "Echanching Productivity: Towards an Updated Action Agenda," Occasional Papers 11/1, Ministry of Economic Development, New Zealand.

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