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New Zealand Bank Vulnerabilities in International Perspective

Author

Listed:
  • Rodrigo Cubero
  • Mr. R. 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.

Suggested Citation

  • Rodrigo Cubero & Mr. R. Brooks, 2009. "New Zealand Bank Vulnerabilities in International Perspective," IMF Working Papers 2009/224, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2009/224
    as

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23294
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2008. "Australia: Selected Issues," IMF Staff Country Reports 2008/311, International Monetary Fund.
    2. International Monetary Fund, 2007. "New Zealand: Selected Issues," IMF Staff Country Reports 2007/151, International Monetary Fund.
    3. International Monetary Fund, 2008. "New Zealand: Selected Issues," IMF Staff Country Reports 2008/164, International Monetary Fund.
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    Cited by:

    1. J. Alejandro Fernández Fernández, 2019. "The Banking System in Australia and New Zealand: A Vision together," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 9(2), pages 1-1.
    2. Mr. B. Jang & Mr. Masahiko Kataoka, 2013. "New Zealand Banks’ Vulnerabilities and Capital Adequacy," IMF Working Papers 2013/007, International Monetary Fund.

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