Description |
1 online resource (51 pages) |
Series |
IMF country report ; no. 11/102 |
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IMF country report ; no. 11/102.
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Contents |
COVER; CONTENTS; A BUMPY RECOVERY; Boxes; 1. The Economic Impact of the Canterbury Earthquakes; OUTLOOK AND RISKS; 2. Are House Prices Overvalued?; SECURING A SUSTAINABLE AND BALANCED RECOVERY; A. Monetary Policy; B. Fiscal Policy; MAINTAINING FINANCIAL STABILITY; SAVING AND EXTERNAL VULNERABILITY; 3. Equilibrium Real Effective Exchange Rate; STAFF APPRAISAL; Tables; 1. Selected Economic and Financial Indicators, 2006-12; 2. Summary of Central Government Budget, 2006/07-2011/12; 3. Balance of Payments and External Debt, 2005-10; 4. Balance of Payments and External Debt, 2005-10 |
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5. Medium-Term Scenario, 2008-166. Indicators of External and Financial Vulnerability, 2005-10; Figures; 1. Recovery From Recession; 2. Inflation; 3. Monetary Stimulus; 4. Recent Financial Market Developments; 5. Fiscal Stimulus; 6. Domestic Banks; 7. External Developments; 8. Exit from Fiscal Stimulus; 9. Comparison of Fiscal Outlook; 10. Household Vulnerabilities; 11. External Vulnerability; Appendices; 1. New Liquidity Rules: Will It Work as a Macroprudential Policy Tool?; 2. Main Recommendations of the 2010 Article IV Consultation; 3. External Debt Sustainability: Bound Tests; CONTENTS |
Summary |
New Zealand's recovery has stalled since mid-2010. Spare capacity has helped contain inflation. The Reserve Bank of New Zealand (RBNZ) lifted its policy rate in two steps from a record low of 2.5 percent to 3 percent in mid-2010. The exchange rate appreciated and financial markets have largely recovered from the global financial crisis. The banking sector remains profitable and is dominated by four subsidiaries of Australian banks that performed well during the crisis. The 2010 Canterbury earthquakes have disrupted economic activity, reduced wealth, and weakened confidence |
Notes |
Online resource; title from PDF title page (IMF Web site, viewed August 16, 2011) |
Subject |
International Monetary Fund -- New Zealand
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SUBJECT |
International Monetary Fund fast |
Subject |
Banks and banking -- New Zealand
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Economic indicators -- New Zealand
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Debts, External -- New Zealand
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Banks and banking
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Debts, External
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Economic history
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Economic indicators
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Economic policy
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SUBJECT |
New Zealand -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85091498
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New Zealand -- Economic policy
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Subject |
New Zealand
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Form |
Electronic book
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Author |
International Monetary Fund, issuing body.
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ISBN |
1283559072 |
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9781283559072 |
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9781462336487 |
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1462336485 |
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9781462385928 |
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1462385923 |
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