Open AccessThe banks, the current account, the financial and the outlook
Author(s) -
Geoff Bertram
Publication year - 2009
Publication title -
policy quarterly
Language(s) - English
Resource type - Journals
eISSN - 2324-1101
pISSN - 2324-1098
DOI - 10.26686/pq.v5i1.4288
Subject(s) - current account , government (linguistics) , business , current (fluid) , exchange rate , financial system , economics , finance , engineering , electrical engineering , linguistics , philosophy
Some years back I wrote two papers (Bertram, 2001, 2002) about the current account, the exchange rate and the banks. Here I pick up the threads of my earlier analysis as the backdrop to some remarks about the recent decision of the New Zealand government to provide a wholesale deposit guarantee to this country’s New Zealand-incorporated – but mainly Australian-owned – banking sector.