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FinObservatory

Crisis atlas / NZL

New Zealand

15 distinct crisis events in 9 episodes, 18882008, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

6
Banking crises
8
Currency crises
1
Sovereign debt crises
15
Crisis events
1888–2008
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2008
    Currencyrr1 source
  2. 1997
    Currencyrr1 source
  3. 1990
    Bankingrr1 source
  4. 1989
    Bankingrr1 source
  5. 1988
    Bankingrr1 source
  6. 1987
    Bankinggmd, rr2 sources
  7. 1984
    Currencygmd, laeven_valencia, rr3 sources
  8. 1981
    Currencyrr1 source
  9. 1976
    Currencyrr1 source
  10. 1974
    Currencyrr1 source
  11. 1967
    Currencygmd, rr2 sources
  12. 1948
    Currencygmd, rr2 sources
  13. 1933
    Sovereign debtgmd, rr2 sources
  14. 1893
    Bankingrr1 source
  15. 1888
    Bankinggmd1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1888

Banking
Inflation (% y/y)
-50510188318881893
Policy rate (%)
No data for this window
Govt debt (% of GDP)
050100150188318881893

1893

Banking
Inflation (% y/y)
-50510188818931898
Policy rate (%)
No data for this window
Govt debt (% of GDP)
050100150188818931898

1933

Sovereign debt
Inflation (% y/y)
-10-50510192819331938
Policy rate (%)
024192819331938
Govt debt (% of GDP)
0100200300192819331938

1948

Currency
Inflation (% y/y)
051015194319481953
Policy rate (%)
00.511.5194319481953
Govt debt (% of GDP)
050100150194319481953

1967

Currency
Inflation (% y/y)
051015196219671972
Policy rate (%)
02.557.5196219671972
Govt debt (% of GDP)
050100196219671972

1974–1976

Currency
Inflation (% y/y)
01020196919741981
Policy rate (%)
051015196919741981
Govt debt (% of GDP)
050100196919741981

1981–1990

CurrencyBanking
Inflation (% y/y)
01020197619811995
Policy rate (%)
0102030197619811995
Govt debt (% of GDP)
0255075197619811995

1997

Currency
Inflation (% y/y)
-2024199219972002
Policy rate (%)
0510199219972002
Govt debt (% of GDP)
0204060199219972002

2008

Currency
Inflation (% y/y)
0246200320082013
Policy rate (%)
0510200320082013
Govt debt (% of GDP)
02040200320082013

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology