2009 Job Summit World Recession & How We Cope Alan Bollard, Governor Reserve Bank of New Zealand 27 February 2009.

Slides:



Advertisements
Similar presentations
1 Global Economic Crisis: What Can Small Open Economies Do? Asad Alam The World Bank AIPRG Conference, Yerevan July 7, 2009.
Advertisements

Financial evolution, regulatory reform and co-operation in Asia: Issues emerging from the discussion Seoul National University May 2013 Jayati Ghosh.
Dimitri B. Papadimitriou GLOBAL IMBALANCES AFTER THE ECONOMIC CRISIS Levy Economics Institute International Development Economics Associates (IDEAs) Conference.
Research Department 1 Global Economic Crisis and the Israeli Economy Herzliya conference Dr. Karnit Flug Research Director, Bank of Israel February 2009.
Macro Developments of Romania “The Tiger of the East” Mariya Kaneva Stilyana Kandjeva April 1 st, 2009.
Global Imbalances and their Role in the Global Financial Crisis By John J. Maughan.
New Zealand economic outlook Grant Spencer Reserve Bank of New Zealand September 2012 Eriksens Actuarial Auckland, 25 September 2012.
The Current Economic Situation in the Euro Area Presentation by Nigel Nagarajan Faculty Orientation – 2009 Euro Challenge Federal Reserve Bank of Boston,
TRADE AND DEVELOPMENT REPORT, New York 14 October 2013 Adjusting.
Introduction on monetary policy Riksdag Committee on Finance 26 February 2009 Riksbank Governor Stefan Ingves.
3.5 - Unemployment - Measuring Unemployment - Changes in Employment Status - In Touch With the Macroeconomy: - Labor Market Data - How Long Are People.
Macro Developments of MACEDONIA Presented by: Denislav Dyakov Magdalena Tsolova.
A New Paradigm for Asian Development: Chinese Growth, Exports, and the Exchange Rate"? A New Paradigm for Asian Development: Chinese Growth, Exports, and.
THE ECONOMIC & FINANCIAL MARKET OUTLOOK INTO 2008: The U.S. And Asia In The “New” Pacific Rim Economy A Presentation To The Asia/Pacific Business Outlook.
IMPACT OF THE FINANCIAL CRISIS IN THE DEVELOPMENT OF THE ENERGY SECTOR : A CLIENT’S POINT OF VIEW by Piyasvasti Amranand National Energy Policy Office,
Macroeconomic Policy and Floating Exchange Rates
CHAPTER 5 Monetary Theory and Policy. Chapter Objectives n Learn the well-known theories of monetary policy n Review the tradeoffs involved in monetary.
Exchange rate policy NZ government’s exchange rate policy has a significant impact on a nation’s trade. We have in place a floating exchange rate since.
Estonia Another crises country. Background and History Details of the relevant history, pertinent to its economic condition. Position of the.
East Asian Crisis of Prior to mid-1997, the economies of Thailand, Indonesia, Malaysia, the Philippines, Hong Kong, Singapore and South Korea were.
T HE E CONOMY OF H UNGARY ByDiyan Mitev. G ENERAL I NFO ON H UNGARY Area: total: 93,030 sq km – 115rank Population: 9,930,915 (July 2008 est.) Birth rate:
Interest Rates and the Business Cycle
Sustaining China’s Growth Miracle A Delicate Balancing Act Eswar S. Prasad Cornell University, Brookings Institution and NBER.
Global Imbalances and Global Financial Turmoils Dr. Sompop Manarungsan Faculty of Economics and Chinese Studies Center Chulalongkorn University Bangkok.
A Tale of Two Crises: Korea’s Experience with External Debt Management Paper Prepared by Professor Yung Chul Park Seoul National University UNCTAD Expert.
Exchange Rate - An exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regards as the value.
Unit 6, 7, 8 Review. Unit 6 ~ Government’s Role in the Economy A nation’s overall levels of income, employment, and prices are determined by the interaction.
Dollarization Erica Vega Marlene Mata. Dollarization  Adopting a foreign currency of choice in a country in parallel to or instead of the domestic currency.
CHAPTER 3 Monetary Policy. Copyright© 2003 John Wiley and Sons, Inc. Expansionary Monetary Policy Increases the money supply or money growth rate and.
Chapter Twenty- Nine: The Global Economy and Policy.
Overview of Remarks  Global backdrop  The current debate on the International Monetary System  Conditions for becoming an international financial center.
Albanian Economy in the Global Economic Background Altin Tanku May 18 th 2012.
PowerPoint Presentation by Charlie Cook Copyright © 2004 South-Western. All rights reserved. Chapter 25 Objectives and Targets of Monetary Policy.
Who’s afraid of the Current Account Deficit? Güven Sak İstanbul, 20 April 2006.
COUNTRY RISK ANALYSIS The concept evolved in 1960s and 1970s in response to the banking sector's efforts to define and measure its loss exposure in cross-border.
Objectives and Instruments of Macroeconomics Introduction to Macroeconomics.
Chapter 12 International Linkages Introduction National economies are becoming more closely interrelated Economic influences from abroad have effects.
New Zealand’s Economic Outlook Reserve Bank of New Zealand February 2009.
J.P.Morgan Chase S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L Major Trends in the Global Economy Prof. Jacob A. Frenkel Chairman, JPMorgan.
Global Recession and Its Impact on the Asian Economy Denero November 2011.
 A PRESENTATION ON FACTORS AFFECTING ECONOMIC GROWTH I N THE GHANAIAN ECONOMY 1.
Macroeconomic Concepts & Policies Session Objectives: l Explain the purposes of macroeconomic policies l Critique the flaws of macroeconomic policy making.
Chapter 1 Why Study Money, Banking, and Financial Markets?
1 Monetary Policy Ch Introduction Fed’s Board of Governor formulates policy, 12 Federal Reserve Banks implement policy Fundamental objective of.
Risks of New Global Downturn: Impact on Asia and Response  Lim Mah Hui (Michael)  State of the Global Economy, and Reflections on Recent Multilateral.
Copyright 2008 The McGraw-Hill Companies 25-1 Financing International Trade Capital and Financial Account Flexible Exchange Rates Fixed Exchange Rates.
Federal Reserve Policies Kevin Scofield. Overview  Federal Open Market Committee  Goals of the Federal Monetary Policy  Tools of the Federal Monetary.
Monetary Policy Changing reserve requirements altering minimum reserve requirements altering the “discount” rate Open market operations.
NATIONAL ECONOMIC GOALS GROWTH OF OUTPUT PRICE STABILITY FULL EMPLOYMENT.
The New Growth Model for Serbia: Monetary and Fiscal Policy Challenges Dejan Soskic – Governor, National Bank of Serbia Athens, 11 February 2011.
Global economic forecast November 1st The economy has started to recover, but growth is heavily driven by short-term factors, such as a stabilisation.
GROWTH AND INEQUALITY in Indonesia Mohammad Faisal CORE Indonesia (Center of Reform on Economics)
May 20, 1999 Global Economy. US in the Global Economy w US is the economic engine of the world w Japan is in a 10 year recession w Europe slow growth.
MONETARY POLICY. What is it?  The use of interest rates and the money supply to control aggregate demand in the economy.
1 Chapter 1 Money, Banking, and Financial Markets --An Overview © Thomson/South-Western 2006.
Hagkerfi bíður skipbrot: Reynsla Íslendinga af sjálfstæðri peningamálastefnu Alþjóðamálastofnun 26. febrúar Gylfi Zoega.
Demand for International Reserves
Why are we obsessed with volatility and what have we done about it?
Potential macroeconomic essay questions
Global Crisis in an Integrated Region Context
Monetary Bulletin 2017/2 Charts.
Monetary Theory and Policy
Monetary Policy.
An Introduction to Macroeconomics
Albanian Economy in the Global Economic Background
An Introduction to Macroeconomics
The Balance of Trade and Balance of Payments
Monetary Policy.
CHAPTER 3 Monetary Policy.
Marisa Unger, Ben Melhorn, Nikita Kuznetsov, Cassie Thill
Presentation transcript:

2009 Job Summit World Recession & How We Cope Alan Bollard, Governor Reserve Bank of New Zealand 27 February 2009

THE RESERVE BANK OF NEW ZEALAND The biggest destruction of global wealth ever? $3 trillionLost output $4 trillionHousing $30 trillionEquity Markets $2 trillionCredit-related losses Value loss (est. $US)

THE RESERVE BANK OF NEW ZEALAND Trading partner growth slows Asian Crisis Tech Bubble Sars Financial Crisis

THE RESERVE BANK OF NEW ZEALAND Trading partner growth slows Asian Crisis Tech Bubble Sars Financial Crisis

THE RESERVE BANK OF NEW ZEALAND Lower growth world must adjust Consumption, currencies Reserves Savings, exports Currencies

THE RESERVE BANK OF NEW ZEALAND New Zealand has strengths… Past strong growth, low unemployment Flexible product and labour markets Floating exchange rate & hedging Responsive monetary policy Strong government accounts Sound banking system

THE RESERVE BANK OF NEW ZEALAND …but we don’t escape unscathed

THE RESERVE BANK OF NEW ZEALAND …but we don’t escape unscathed New Zealand

THE RESERVE BANK OF NEW ZEALAND Domestic credit growth Agriculture Business Household

THE RESERVE BANK OF NEW ZEALAND Intended Investment & Employment Investment Employment

THE RESERVE BANK OF NEW ZEALAND How we cope New Zealand has some strengths but also vulnerabilities We will play our role Banks must also play a key role You will all be affected. We want to hear your ideas….

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.