Download or read book New Zealand written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-05-10 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note assesses the macroprudential institutional framework and policies in New Zealand. New Zealand has a strong institutional framework for macroprudential policy. This framework is based on a clear mandate for financial stability operationally clarified by a memorandum of understanding. The Reserve Bank of New Zealand is the single prudential regulator with responsibility and authority for supervision of financial institutions and macroprudential policies. A clear mandate for financial stability, independent decision making, transparent communication, and external accountability form the basis of the strong framework that was put in place. Institutional arrangements could be strengthened further by making the procedures to adjust the macroprudential framework more transparent.
Download or read book New Zealand written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-05-08 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an assessment of the stability of the financial system in New Zealand. Imbalances in the housing market, banks’ concentrated exposures to the dairy sector, and their high reliance on wholesale offshore funding are the key macro-financial vulnerabilities. The banking sector has significant exposure to real estate and agriculture, is relatively dependent on foreign funding, and is dominated by four Australian subsidiaries. A sharp decline in the real estate market, a reversal of the recent recovery in dairy prices, deterioration in global economic conditions, and tightening in financial markets would adversely impact the system. Despite these vulnerabilities, the banking system is resilient to severe shocks. Strengthening the macroprudential framework is important.
Download or read book New Zealand written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-05-08 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an assessment of the stability of the financial system in New Zealand. Imbalances in the housing market, banks’ concentrated exposures to the dairy sector, and their high reliance on wholesale offshore funding are the key macro-financial vulnerabilities. The banking sector has significant exposure to real estate and agriculture, is relatively dependent on foreign funding, and is dominated by four Australian subsidiaries. A sharp decline in the real estate market, a reversal of the recent recovery in dairy prices, deterioration in global economic conditions, and tightening in financial markets would adversely impact the system. Despite these vulnerabilities, the banking system is resilient to severe shocks. Strengthening the macroprudential framework is important.
Download or read book Financial Stability in New Zealand written by Caitlin Davies and published by . This book was released on 2020 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this thesis, I explore the past, present, and future of New Zealand's financial stability through the estimation of New Zealand's medium-term financial cycle; a close examination of New Zealand's 1984 currency crisis; and a theoretical consideration of the interaction of monetary policy and macro-prudential policy in pursuit of financial stability outcomes. My results suggest that the nature of the New Zealand financial cycle changed fundamentally after the liberalising reforms of the mid-1980s, leading to greater synchronisation with international capital markets; that the 1984 currency crisis was the result of self-fulfilling market expectations, coordinated by the announcement of a snap election; and that using monetary policy to address financial stability (a policy approach also known as "leaning against the wind") would only be appropriate if the macro-prudential regulator had a low level of risk-sensitivity, and if the macro-prudential instrument is well-tested and known to be effective over the financial stability objective.
Download or read book New Zealand written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-05-10 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note assesses the macroprudential institutional framework and policies in New Zealand. New Zealand has a strong institutional framework for macroprudential policy. This framework is based on a clear mandate for financial stability operationally clarified by a memorandum of understanding. The Reserve Bank of New Zealand is the single prudential regulator with responsibility and authority for supervision of financial institutions and macroprudential policies. A clear mandate for financial stability, independent decision making, transparent communication, and external accountability form the basis of the strong framework that was put in place. Institutional arrangements could be strengthened further by making the procedures to adjust the macroprudential framework more transparent.
Download or read book Reserve Bank of New Zealand s Financial Stability Report November 2010 written by New Zealand. Parliament. Finance and Expenditure Committee and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 2019-09-20 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper discusses interactions between external risks and the New Zealand economy. The current set of external risks has the potential to be extremely damaging to New Zealand, but two factors would likely mitigate the economic impact. First, the flexible exchange rate regime is a reliable shock absorber and automatic stabilizer from the perspective of GDP, although it leads to a rebalancing between the domestic and external sectors in the economy. Second, net migration flows can reduce the negative impact of lower external demand under some circumstances, such as a growth slowdown in Australia. Fiscal policy could also offset some of the short-term costs of adjustment. Fiscal policy can provide stimulus at relatively small and manageable cost to the already-low government debt to GDP ratio. Moreover, at the current juncture, fiscal policy might need to provide the bulk of policy support against negative shocks, as monetary policy might be ineffective if has become constrained by an effective lower bound on the monetary policy interest rate.
Download or read book New Zealand written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-05-05 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents key findings of the Financial System Stability Assessment for New Zealand, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation. The assessment reveals that New Zealand has a profitable and well-functioning financial system, operating in a framework of well-developed financial markets. Short-term risks to stability appear low, given the favorable macroeconomic outlook, and sound and transparent financial policies. Stress tests for systemically important banks show resilience consistent with the sector’s relatively high levels of capital and profits.
Download or read book New Zealand written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-05-10 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note assesses the level of implementation of the Contingency Planning and Crisis Management Framework in New Zealand. Work has already begun to identify necessary resources, such as rosters of potential statutory managers and personnel from government agencies and the private sector who could be mobilized to deal with a crisis. This work needs to be further developed. In parallel, the Reserve Bank of New Zealand should continue to document the procedure for appointment of a statutory manager, open bank resolution, and other resolution options. The Treasury should complete “shelf” agreements, which may be required for a Crown guarantee or other support in a crisis.
Download or read book A Cobweb Model of Financial Stability in New Zealand written by and published by . This book was released on 2009 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Money and Financial Markets in New Zealand written by Thomas Kramer and published by GRIN Verlag. This book was released on 2002-02-06 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2000 in the subject Economics - Case Scenarios, grade: 1,7 (A-), UNITEC New Zealand (Business Studies), language: English, abstract: It is an aim of a financial market to provide a source of finance to particular target groups. This section deals largely with the financial instruments used by the market participants to raise funds, how these instruments are issued and how they are traded. The participants in the money and bond market are investors and borrowers. To highlight financial instruments from the borrowers′ point of view it makes sense to divide the group of borrowers in two distinct categories: The `Crown′ market consists of the Reserve Bank and the central government whereas the borrowers in the `Non-Crown′ market are financial intermediaries such as banks, corporations, state owned enterprises, local authorities, etc. as you can see in the table above. (Potter, 2000 [A]; Potter, 2000 [B]) The financial instruments in these two markets will be analysed separately in the sections to come: The `Crown′ market consists of the Reserve Bank and the central government whereas the borrowers in the `Non-Crown′ market are financial intermediaries such as banks, corporations, state owned enterprises, local authorities, etc. as you can see in the table above. (Potter, 2000 [A]; Potter, 2000 [B]) The financial instruments in these two markets will be analysed separately in the sections to come:
Download or read book Reserve Bank of New Zealand s Financial Stability Report May 2011 written by New Zealand. Parliament. Finance and Expenditure Committee and published by . This book was released on 2011 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reserve Bank of New Zealand s Financial Stability Report May 2013 written by New Zealand. Parliament. Finance and Expenditure Committee and published by . This book was released on 2013 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reserve Bank of New Zealand s Financial Stability Report May 2014 written by New Zealand. Parliament. Finance and Expenditure Committee and published by . This book was released on 2014 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign owned Banks written by Leslie Hull and published by . This book was released on 2002 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Innovation and Independence written by John Singleton and published by Auckland University Press. This book was released on 2013-11-01 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of the Reserve Bank of New Zealand reveals why the Bank's presence in the national life is strong; illustrates how it is internationally renowned for its mandate to eliminate inflation, having been the first reserve or central bank in the world to adopt the "inflation targeting" approach to monetary policy; and looks at how the Bank maintains the integrity of the currency, preserves the stability of the financial system, and undertakes a range of activities on behalf of the people of New Zealand.
Download or read book Reserve Bank of New Zealand s Financial Stability Report November 2015 written by New Zealand. Parliament. Finance and Expenditure Committee and published by . This book was released on 2015 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
