New Zealand: Selected Issues

Volume/Issue: Volume 2006 Issue 161
Publication date: May 2006
ISBN: 9781451830330
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , ISCR , CR , current account deficit , import penetration , deficit , New Zealand import equation , trend rise import penetration , debt service , asset quality , current account reversal , Current account deficits , Imports , Current account , Import prices , Global

Summary

This Selected Issues paper analyzes whether cyclical factors, including the large real exchange rate appreciation in recent years in New Zealand, can account for the rapidity of the recent rise in import penetration, or whether more lasting structural changes, such as the effects of globalization, may have played a role. The paper also looks at New Zealand’s vulnerabilities from two angles. It evaluates the external position of the country, and then assesses the health and soundness of various sectors of the economy by looking at their balance sheets and the key vulnerability indicators.