New Zealand: Selected Issues

May 7, 2007

Preview Citation

Format: Chicago

New Zealand: Selected Issues, (USA: International Monetary Fund, 2007) accessed December 12, 2024

Summary

This Selected Issues paper analyzes the underlying factors that explain the behavior of the Kiwi dollar. The findings suggest that the factors influencing the New Zealand dollar have been changing. The paper discusses that as New Zealand has become more integrated in global capital markets over time, the Kiwi dollar has become less of a commodity currency and more of a global currency that is influenced by interest rate spreads and global risk factors. The paper also looks at the strong preference for housing over financial assets exhibited by New Zealand households.

Subject: Currencies, Exchange rates, External debt, Financial institutions, Foreign exchange, Housing, Housing prices, Mortgages, National accounts, Prices

Keywords: Asset quality, Australia and New Zealand, Bank, Carry trade, Commodity currency, CR, Exchange rate, Exchange rates, Global, House price inflation, Housing, Housing investor, Housing prices, Interest rate, ISCR, Kiwi dollar, Mortgage interest levy, Mortgages, New Zealand dollar, New Zealand dollar assets, NZD turnover, Rental yield

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/151
Stock No:

1NZLEA2007002
ISBN:

9781451830354
ISSN:

1934-7685

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