New Zealand: Selected Issues

International Monetary Fund

No 2006/161, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes whether cyclical factors, including the large real exchange rate appreciation in recent years in New Zealand, can account for the rapidity of the recent rise in import penetration, or whether more lasting structural changes, such as the effects of globalization, may have played a role. The paper also looks at New Zealand’s vulnerabilities from two angles. It evaluates the external position of the country, and then assesses the health and soundness of various sectors of the economy by looking at their balance sheets and the key vulnerability indicators.

Keywords: ISCR; CR; current account deficit; import penetration; deficit; New Zealand import equation; trend rise import penetration; debt service; asset quality; current account reversal; Current account deficits; Imports; Current account; Import prices; Global (search for similar items in EconPapers)
Pages: 33
Date: 2006-05-04
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