New Zealand Bank Vulnerabilities in International Perspective.

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Bibliographic Details
Author / Creator:Cubero, Rodrigo.
Imprint:Washington : International Monetary Fund, 2009.
Description:1 online resource (54 pages)
Language:English
Series:IMF Working Papers ; v. Working Paper No. 09/224
IMF Working Papers.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12502497
Hidden Bibliographic Details
Other authors / contributors:Brooks, Ray.
ISBN:9781452745015
1452745013
1451917902
9781451917901
Notes:English.
Print version record.
Summary: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.
Other form:Print version: Cubero, Rodrigo. New Zealand Bank Vulnerabilities in International Perspective. Washington : International Monetary Fund, ©2009 9781451873719

MARC

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505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Global Turmoil: How Has it Affected New Zealand Banks?; 1. New Zealand's Four Large Banks: Selected Financial Soundness Indicators; 2. Financial Soundness Indicators of the Banking Sector; 1. Bank Asset Quality; 2. Mortgage Interest Rates; 3. Overall Credit Growth; III. Can Banks Handle an Increase in Mortgage Defaults?; 4. Bank Asset by Type; 5. Household Debt; 3. Housing Market Risk: Stress Tests Results, December 2008; 4. Owner-Occupied Mortgages by Risk Bucket; 5. Numerical Example of Mortgage Default Probabilities. 
505 8 |a IV. How Vulnerable are Banks to Higher Defaults on Corporate Lending?6a. Business and Agriculture Credit Growth; 6b. Credit to GDP Ratio; 7. Overdue Debts and Liquidations; 6. Corporate Sector Indicators; 7. New Zealand's Credit Risk Exposure by Asset Class, December 2008; V. What are the Risks Related to Banks' Wholesale Funding?; 8a. Net Capital Inflows; 8b. Net Foreign Liabilities; 8c. Bank Borrowing Offshore; 8d. Bank's Share of Funding from Nonresidents; 9a. Debt by Residual Maturity; 9b. Local Currency External Debt as Share of Total External Debt. 
505 8 |a 10. Average 5-Year CDS Spread on Four Major Australasian Banks11. Funding Costs for Banks and New Mortgage Rates; 12. Loan-to-Deposit Ratio for the Banking System; 8. Balance of Payments Financing; 9. Funding Structure; Appendix; References; Footnotes. 
520 |a 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. 
546 |a English. 
650 0 |a Banks and banking  |z New Zealand. 
650 0 |a Financial crises.  |0 http://id.loc.gov/authorities/subjects/sh89002668 
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650 7 |a Financial crises.  |2 fast  |0 (OCoLC)fst00924607 
651 7 |a New Zealand.  |2 fast  |0 (OCoLC)fst01204542 
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700 1 |a Brooks, Ray. 
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