Overseas indebtedness, country risk and interest rates
DOI:
https://doi.org/10.26686/pq.v5i1.4282Keywords:
Financial Stability Report, Reserve Bank, international liabilities, International Monetary Fund, NIIP/GDP ratioAbstract
The origins of the current international crisis lie outside New Zealand, but New Zealand’s high level of net international liabilities has long exposed us to the possibility of a sharp correction. In what follows I focus on some long standing problems, to which I see no easy answers, which are likely to be with us for many years.
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Published
2009-02-01
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