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New Zealand Bank Vulnerabilities In International Perspective
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Book Synopsis New Zealand Bank Vulnerabilities in International Perspective by : Mr.Ray Brooks
Download or read book New Zealand Bank Vulnerabilities in International Perspective written by Mr.Ray Brooks and published by International Monetary Fund. This book was released on 2009-10-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis New Zealand Banks’ Vulnerabilities and Capital Adequacy by : Mr.B. Jang
Download or read book New Zealand Banks’ Vulnerabilities and Capital Adequacy written by Mr.B. Jang and published by International Monetary Fund. This book was released on 2013-01-11 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper finds that, given New Zealand’s conservative approach in implementing the Basel II framework, New Zealand banks’ headline capital ratios underestimate their capital strength. A comparison with Canadian, UK and Australian banks highlights the impact of New Zealand’s more conservative approach. Stress tests in the paper show that four large New Zealand banks could withstand sizable stand-alone shocks to their exposure to either residential mortgages (calibrated on the Irish crisis experience) or corporate lending. However, combined shocks to both residential mortgages and corporate lending would put more pressure on the banks’ capital. Given high bank concentration and large offshore wholesale funding needs, the merits of higher minimum capital requirements for systemically important domestic banks could be considered, together with other measures to be implemented.
Book Synopsis Potential Growth of Australia and New Zealand in the Aftermath of the Global Crisis by : Mr.Yan Sun
Download or read book Potential Growth of Australia and New Zealand in the Aftermath of the Global Crisis written by Mr.Yan Sun and published by International Monetary Fund. This book was released on 2010-05-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a production function method, this paper assesses the impact of the global crisis on the potential growth of Australia and New Zealand. The two countries have not been hit hard by the global crisis, but have large net external liabilities. The paper finds that the main negative impact of the global crisis is likely to come through higher costs of capital, offset partly by a higher return to capital from strong demand for commodities by emerging Asia. It estimates medium-term potential growth of about 3 percent for Australia and 2. percent for New Zealand, higher than that of many other advanced economies.
Book Synopsis OECD Economic Surveys: New Zealand 2011 by : OECD
Download or read book OECD Economic Surveys: New Zealand 2011 written by OECD and published by OECD Publishing. This book was released on 2011-04-27 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD's 2011 periodic review of New Zealand's economy. This edition includes chapters covering sustainable growth, rebalancing housing markets, product market regulation, and green growth and climate change policies.
Book Synopsis Australian Bank and Corporate Sector Vulnerabilities by : Ms.Patrizia Tumbarello
Download or read book Australian Bank and Corporate Sector Vulnerabilities written by Ms.Patrizia Tumbarello and published by International Monetary Fund. This book was released on 2009-10-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on how the exposure to the corporate sector may impact the health of the Australian banking system. It also compares Australian banks with their international peers. Finally, it investigates banks' exposure to credit risk using the new Basel II Pillar 3 disclosure data. The analysis shows that Australian banks have remained very sound by international standards, despite the global financial turmoil. While the international downturn points to several vulnerabilities, the risks from the corporate and household sectors appear to be manageable.
Book Synopsis What Drives House Prices in Australia? A+L4584 Cross-Country Approach by : Ms.Patrizia Tumbarello
Download or read book What Drives House Prices in Australia? A+L4584 Cross-Country Approach written by Ms.Patrizia Tumbarello and published by International Monetary Fund. This book was released on 2010-12-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the factors driving house prices in Australia from a cross-country perspective using several approaches. It uses a cointegration technique to estimate the long-run equilibrium house prices in Australia, New Zealand, and Canada and assesses the extent of a possible disequilibrium. It also presents an event analysis to shed some light on the link between house prices, capital inflows and the terms of trade. The econometric analysis suggests an overvaluation of 5-10 percent depending on the model specification. Event analysis indicates that terms of trade shocks were associated with larger increases in house prices in Australia, than in the case of strong capital inflow episodes.
Book Synopsis OECD Economic Surveys: New Zealand 2011 by : OECD
Download or read book OECD Economic Surveys: New Zealand 2011 written by OECD and published by OECD Publishing. This book was released on 2011-05-12 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD's 2011 periodic review of New Zealand's economy. This edition includes chapters covering sustainable growth, rebalancing housing markets, product market regulation, and green growth and climate change policies.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781498372930 Total Pages :0 pages Book Rating :4.3/5 (729 download)
Book Synopsis Global Financial Stability Report, April 2015 by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Global Financial Stability Report, April 2015 written by International Monetary Fund. Monetary and Capital Markets Department and published by INTERNATIONAL MONETARY FUND. This book was released on 2015-04-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current report finds that, despite an improvement in economic prospects in some key advanced economies, new challenges to global financial stability have arisen. The global financial system is being buffeted by a series of changes, including lower oil prices and, in some cases, diverging growth patterns and monetary policies. Expectations for rising U.S. policy rates sparked a significant appreciation of the U.S. dollar, while long term bond yields in many advanced economies have decreased—and have turned negative for almost a third of euro area sovereign bonds—on disinflation concerns and the prospect of continued monetary accommodation. Emerging markets are caught in these global cross currents, with some oil exporters and other facing new stability challenges, while others have gained more policy space as a result of lower fuel prices and reduced inflationary pressures. The report also examines changes in international banking since the global financial crisis and finds that these changes are likely to promote more stable bank lending in host countries. Finally, the report finds that the asset management industry needs to strengthen its oversight framework to address financial stability risks from incentive problems between end-investors and portfolio managers and the risk of runs due to liquidity mismatches.
Book Synopsis Research Handbook on Entrepreneurial Finance by : Javed G. Hussain
Download or read book Research Handbook on Entrepreneurial Finance written by Javed G. Hussain and published by Edward Elgar Publishing. This book was released on 2015-12-18 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing upon current cutting-edge theories, knowledge and research findings, this Handbook provides an analysis of the interaction between small and medium-sized enterprises (SMEs), entrepreneurs and financial institutions globally. The contributors consider regional and international perspectives within and between Europe, North America, New Zealand, the Middle East, as well as South, Central and East Asia on a chapter-by-chapter basis. In so doing, they provide a contextualized, up-to-date snapshot of research into entrepreneurial finance across the world.
Book Synopsis Macro-Prudential Policies to Mitigate Financial System Vulnerabilities by : Mr.Stijn Claessens
Download or read book Macro-Prudential Policies to Mitigate Financial System Vulnerabilities written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2014-08-19 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data regressions, we analyze how changes in balance sheets of some 2,800 banks in 48 countries over 2000–2010 respond to specific macro-prudential policies. Controlling for endogeneity, we find that measures aimed at borrowers––caps on debt-to-income and loan-to-value ratios––and at financial institutions––limits on credit growth and foreign currency lending––are effective in reducing asset growth. Countercyclical buffers are little effective through the cycle, and some measures are even counterproductive during downswings, serving to aggravate declines, consistent with the ex-ante nature of macro-prudential tools.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :1498371175 Total Pages :38 pages Book Rating :4.4/5 (983 download)
Book Synopsis New Zealand by : International Monetary Fund. Asia and Pacific Dept
Download or read book New Zealand written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2014-06-10 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation highlights that the economic expansion in New Zealand is becoming increasingly embedded and broad based, with growth exceeding 3 percent in the second half of 2013. The drivers include supportive financial conditions, record high export commodity prices, resurgent construction activity related to the Canterbury post-earthquake rebuild and general housing shortages, and a substantial increase in net immigration. Growth is expected to increase to about 31⁄2 percent in 2014 and moderate to a trend rate of 21⁄2 percent over the medium term. Strong construction activity is expected to remain an important driver for near-term growth.
Book Synopsis Australia by : International Monetary Fund
Download or read book Australia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-10-28 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of the global crisis was milder in Australia than in other advanced economies owing to strong demand from Asia and decisive policy responses. Australian banks were resilient to the global crisis, and the labor market was flexible in the face of the shock. The exit from fiscal stimulus is appropriate as is the recent review of the tax system. Banks could adopt riskier strategies and require vigilance. The exchange rate is overvalued but will dissipate as interest rates in other advanced economies eventually normalize.
Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa
Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Book Synopsis Global Waves of Debt by : M. Ayhan Kose
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Book Synopsis Challenges in Correspondent Banking in the Small States of the Pacific by : Jihad Alwazir
Download or read book Challenges in Correspondent Banking in the Small States of the Pacific written by Jihad Alwazir and published by International Monetary Fund. This book was released on 2017-04-07 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to financial services in the small states of the Pacific is being eroded. Weaknesses in Anti-Money Laundering and Combating the Financing of Terrorism compliance in the context of high levels of remittances are contributing to banks’ decisions to withdraw corresponding banking relationships and close bank accounts of money transfer operators. In this paper, we gather evidence on these developments in the small states of the Pacific, discuss the main drivers, and the potentially negative impact on the financial sector and macroeconomy. We then identify the collective efforts needed to address the consequences of withdrawal of corresponding banking relationships and outline policy measures to help the affected countries mitigate the impact.
Book Synopsis New Zealand by : International Monetary Fund
Download or read book New Zealand written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-06-08 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New Zealand economy continues to grow at a modest pace. The 2012 Article IV Consultation reports that domestic demand has remained soft as households and businesses continue to deleverage amid a weak housing market and an uncertain outlook. Executive Directors endorse that output growth should pick up somewhat in 2012 as earthquake reconstruction spending is expected to gain pace. High household debt is likely to weigh on the growth of private consumption as households will need to save to strengthen their balance sheets.
Book Synopsis Tourism in Pacific Islands by : Stephen Pratt
Download or read book Tourism in Pacific Islands written by Stephen Pratt and published by Routledge. This book was released on 2015-02-20 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pacific Island Countries have been shown to be especially vulnerable to such external influences as natural disasters, political unrest and downturns in the global economy and their tourism industries have been notably affected. In particular, they typically have a narrow resource base and a fragile and often vulnerable natural environment. While there is some research on islands and small states, there is a dearth of information on the South Pacific and very little research is being undertaken in the region compared to other geographical regions in the world. This volume brings together current work in Pacific Island tourism. In this collection, three main themes arise: Images of the South Pacific; Socio-economic Impacts of Tourism; and Pacific Island Countries and the Outside World. The first focus is on the question of image, namely, stereotypes of a destination held by tourists and potential tourists, the extent to which residents, for their part, really welcome visitors, and the role tourism might play in changing pre-established images. The second theme is tourism's impacts, notably the economic and socio-cultural effects of international tourism's intrusion in the region which, though often hotly debated, have attracted relatively little empirical research. The third focus is on the challenges of how PICs articulate with their external geo-political and physical environment. These involve existing relations with formal colonial centres, geographical isolation, the need for greater air access to the outside world and for more tourists, and the continuing threat to several PICs of global warming, which increased air travel will inevitably exacerbate. This text will be of interest to tourism students, researchers and academics in the fields of tourism, development studies and cultural studies.
