03596nam 2200529Ia 450 991046485440332120181019193828.01-4623-6787-91-4527-4501-31-282-84427-X97866128442701-4518-7371-9(CKB)3390000000010730(EBL)1608832(OCoLC)680613551(MiAaPQ)EBC1608832(EXLCZ)99339000000001073020100902d2009 uf 0engurcn|||||||||New Zealand bank vulnerabilities in international perspective[electronic resource] /Ray Brooks and Rodrigo Cubero[Washington, D.C.] International Monetary Fund20091 online resource (54 p.)IMF working paper ;WP/09/224Description based upon print version of record.Includes bibliographical references.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 ProbabilitiesIV. 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 Debt10. 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; FootnotesThe 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.IMF working paper ;WP/09/224.Banks and bankingNew ZealandFinancial crisesElectronic books.Banks and bankingFinancial crises.332.1Brooks R(Raymond),1958-937530Cubero Rodrigo937531International Monetary Fund.MiAaPQMiAaPQMiAaPQBOOK9910464854403321New Zealand bank vulnerabilities in international perspective2111717UNINA