Cargando…

New Zealand: Financial Sector Assessment Program : Technical Note-Macroprudential Institutional Framework and Policies.

This Technical Note assesses the macroprudential institutional framework and policies in New Zealand. New Zealand has a strong institutional framework for macroprudential policy. This framework is based on a clear mandate for financial stability operationally clarified by a memorandum of understandi...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2017.
Colección:IMF Country Reports.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; CONTENTS; Glossary; EXECUTIVE SUMMARY; INTRODUCTION; INSTITUTIONAL FRAMEWORK; A. Willingness to Act; B. Ability to Act; C. Cooperation Arrangements; D. Assessment of Systemic Risks; E. Recommendations; FINANCIAL CYCLE RISKS AND TOOLS; A. Credit Expansion and Housing Sector Imbalances; B. Use of Prudential Tools; C. Recommendations; STRUCTURAL RISKS AND TOOLS; A. Structural Risks; B. Use of Prudential Tools; C. Recommendations; BOXES; 1. House Prices in New Zealand; 2. Liquidity Requirements in New Zealand; FIGURES; 1. Banking Sector Capital and Profitability; 2. Credit Expansion.
  • 3. Housing Market Risks4. Population and Housing Investment; 5. LVR Profiles of Portfolio of Mortgages; 6. Household Credit and House Prices in the Absence of LVR Limits; 7. Structure of the Financial Sector; 8. Structure of Bank Funding; 9. Banks' Core Funding Ratio; TABLES; 1. Main Recommendations; 2. Residential Mortgages Capital Requirements; 3. Share of Mortgages by Type of Borrower and DTI; APPENDIX; I. The Impact of the LVR Restrictions on the Housing Sector-A Counterfactual Analysis; References.