LEADER 03596nam 2200529Ia 450 001 9910464854403321 005 20181019193828.0 010 $a1-4623-6787-9 010 $a1-4527-4501-3 010 $a1-282-84427-X 010 $a9786612844270 010 $a1-4518-7371-9 035 $a(CKB)3390000000010730 035 $a(EBL)1608832 035 $a(OCoLC)680613551 035 $a(MiAaPQ)EBC1608832 035 $a(EXLCZ)993390000000010730 100 $a20100902d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 200 10$aNew Zealand bank vulnerabilities in international perspective$b[electronic resource] /$fRay Brooks and Rodrigo Cubero 210 $a[Washington, D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (54 p.) 225 1 $aIMF working paper ;$vWP/09/224 300 $aDescription based upon print version of record. 320 $aIncludes bibliographical references. 327 $aCover 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 327 $aIV. 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 327 $a10. 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 330 $aThe global financial crisis is creating stress on banking systems across the world through funding and asset quality shocks. This paper combines different stress scenarios, as well as cross-country analysis, to assess New Zealand bank vulnerabilities to the global crisis and the domestic recession. It finds that a sharp worsening of asset quality would be required to reduce bank capital below the regulatory minimum. On the funding side, a disruption to banks' offshore funding may put pressure on the exchange rate, but would not trigger a systemic liquidity problem. 410 0$aIMF working paper ;$vWP/09/224. 606 $aBanks and banking$zNew Zealand 606 $aFinancial crises 608 $aElectronic books. 615 0$aBanks and banking 615 0$aFinancial crises. 676 $a332.1 700 $aBrooks$b R$g(Raymond),$f1958-$0937530 701 $aCubero$b Rodrigo$0937531 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464854403321 996 $aNew Zealand bank vulnerabilities in international perspective$92111717 997 $aUNINA