Showing 1 - 10 of 1,101
The paper finds that, given New Zealand’s conservative approach in implementing the Basel II framework, New Zealand banks’ headline capital ratios underestimate their capital strength. A comparison with Canadian, UK and Australian banks highlights the impact of New Zealand’s more...
Persistent link: https://www.econbiz.de/10012671009
Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign exchange market? Using data for six advanced open economies explicitly targeting inflation, the paper examines empirically whether real exchange rate disequilibria systematically...
Persistent link: https://www.econbiz.de/10014404206
Persistent link: https://www.econbiz.de/10009424798
In the context of the U.K. government’s EMU entry condition of cyclical convergence, this paper (i) provides further evidence suggesting that historically the U.K.’s business cycle has been more volatile than, and relatively independent of, the cycles in the euro-area countries; and (ii)...
Persistent link: https://www.econbiz.de/10014401449
Persistent link: https://www.econbiz.de/10009425657
Persistent link: https://www.econbiz.de/10010389581
another important aspect of the pandemic: its fallout on medium-term potential output through scarring. Taking Australia and …
Persistent link: https://www.econbiz.de/10012485972
Australia and New Zealand. The two countries have not been hit hard by the global crisis, but have large net external …-term potential growth of about 3 percent for Australia and 2. percent for New Zealand, higher than that of many other advanced …
Persistent link: https://www.econbiz.de/10014402919
This paper examines the size and source of external spillovers to Australia and New Zealand based on a structural … important than those from the United States in affecting Australia’s business cycle. A 1 percent shock to emerging Asia’s growth … the transmission of shocks from emerging Asia to Australia. The influence of emerging Asia on New Zealand is found to come …
Persistent link: https://www.econbiz.de/10014399357
Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does …
Persistent link: https://www.econbiz.de/10014399635