The Reserve Bank of New Zealand Bulletin

Quarterly that explores issues related to both central banking and the New Zealand economy. On the record speeches of the Governor and Deputy Governors also featured regularly.

Articles from Vol. 67, No. 4, December

A Note on the Reserve Bank Inflation Calculator
In June 2003 the Reserve Bank published an inflation calculator ("the Calculator") on its website. This application enables interested users to calculate the effect of inflation on a "basket" of goods and services between two dates selected by the...
Changes to New Zealand's "Silver" Coins? 11 November 2004
The Reserve Bank today announced details of proposals to modernise New Zealand's "silver" coloured coins. The Reserve Bank emphasised that no decisions have been made, and is now seeking feedback from the public. The Bank expects to make final decisions...
Currency Hedging by Exporters and Importers
This article summarises recent work undertaken at the Reserve Bank on currency hedging by exporters and importers. The work involved interviewing bank staff and business executives, reviewing data sources and previous studies, and undertaking simulations...
Editor's Note
Although this is the last Bulletin for 2004, it is my first as editor, having recently taken over the role from Geof Mortlock. I hope readers will continue to find the Bulletin interesting and informative and would welcome any feedback on this or future...
Excerpt From: A Prosperous but Vulnerable Nation; an Address to the New Zealand Society of Actuaries in Napier by Adrian Orr, Deputy Governor, Reserve Bank of New Zealand
17 November 2004 When we talk about the risks of indebtedness, it is important to remember that New Zealand is a reasonably prosperous nation. We can take on a certain amount of debt with comfort, and in some cases it is sensible to do so. The growth...
GDP-12-The Bank's Measure of Trading Partner Demand
This article provides readers with the technical details of the Bank's measure of external demand. GDP-12, as it is known, is a summary measure that is used to help gauge trading partner demand for New Zealand's exports. Although GDP-12 is a useful...
Liquidity Management in the New Zealand Banking System
This article provides an overview of how the Reserve Bank (the Bank) conducts liquidity management. It describes the two areas of liquidity management conducted by the Bank--what the Bank does to maintain a stable and sufficient supply of system liquidity...
Need for Effective Local Supervision of Banks: 2 October 2004
The Reserve Bank is emphasising the continuing need for countries with predominantly foreign-owned banks to have the capacity to maintain the stability of their financial systems and to respond to a banking crisis. Speaking at a US Federal Reserve...
RBNZ Releases Draft Outsourcing Rules for Banks: 2 November 2004
The Reserve Bank today published its proposed policy on outsourcing by large New Zealand banks. The Reserve Bank is seeking feedback from registered banks and other interested parties before finalising the policy in early 2005. Reserve Bank Deputy...
RBNZ's First Financial Stability Report: 20 October 2004
The Reserve Bank today issued the first of a regular series of Financial Stability Reports which will assess the current state of New Zealand's financial system. Topics covered in the report include: * a review of the current economic and financial...
Systemic Financial Crises-Resolving Large Bank Insolvencies: An Address by Dr Alan Bollard, Governor, Reserve Bank of New Zealand, to the Federal Reserve Bank of Chicago Conference
2 October 2004 This speech addresses a theme that has received increasing attention internationally and at the Reserve Bank of New Zealand of late--the issue of how a host supervisory authority can most effectively maintain a sound banking system...