European Parliament Library

New Zealand :, Selected Issues

This paper assesses the impact of a disruption to capital inflows by examining past episodes of capital inflows in New Zealand and other countries. It also reviews the IMF’s Global Economy Model (GEM), which is used to provide some estimates of the equilibrium relationship between New Zealand’s real effective exchange rate and real commodity prices. The analysis also suggests that permanent changes in non-energy commodity prices can have a significant impact on New Zealand’s equilibrium exchange rate
Table Of Contents
Cover; Contents; I. Assessing the Impact of a Disruption to Capital Inflows on New Zealand; A. The Nature of Capital Inflows and Associated Vulnerabilities; Figures; I.1a. Capital Flows; I.1b. Net Foreign Liabilities; Tables; I.1. Decomposition of Gross External Debt; I.2a. Net Capital Inflows; I.2b. Net Foreign Liabilities; I.2c. Bank Borrowing Offshore; I.2d. Bank's Share of Funding from Non-residents; B. Experience with Capital Inflows in Other Countries; I.3a. Debt by Residual Maturity; I.3b. Local Currency External Debt as Share of Total External Debt
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
Form Of Item

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