Globalization and Systemic Risk

Grant Spencer
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Grant Spencer: Reserve Bank of New Zealand, New Zealand

Chapter 19 in Globalization and Systemic Risk, 2009, pp 291-296 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractGood morning. It is a long way to come to Chicago from New Zealand, but I think well worth it with the presentations we've had today.I will comment just briefly on the papers. Then I will talk a bit more about some of the policy issues and the approach to some of those issues in New Zealand. New Zealand was discussed yesterday, and we always seem to come up at conferences even though it is a small country at the end of the world. And maybe it is of interest again in this situation, because New Zealand remains very vulnerable to external financial and other shocks. I will talk a bit about how the Reserve Bank of New Zealand (RBNZ) has been responding to the recent financial turmoil…

Keywords: Globalization; Banking; Financial Markets; Systemic Risk; Financial Crisis; Contagion (search for similar items in EconPapers)
Date: 2009
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