01652cas a2200253 a 4500 AALejournalIMF006070 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873719 1018-5941 BD-DhAAL BD-DhAAL Cubero, Rodrigo. New Zealand Bank Vulnerabilities in International Perspective / Rodrigo Cubero, Ray Brooks. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The 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. Mode of access: Internet Brooks, Ray. IMF Working Papers; Working Paper ; No. 2009/224 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/224/001.2009.issue-224-en.xml IMF e-Library