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. 68, No. 3, September

An Update on Eurokiwi and Uridashi Bonds
This article provides an update on the market for offshore issues of New Zealand dollar denominated bonds, commonly referred to as New Zealand dollar Eurobonds, Eurokiwis, New Zealand dollar Uridashi, and global issues. Net issuance of these bonds...
Basel II: A New Capital Framework
This article provides an introduction to the new Basel II Capital Framework (Basel II) and the Reserve Bank's approach to its implementation in New Zealand. Bank capital plays an important role in absorbing unexpected losses. Regulators have an interest...
Editor's Note
A key ingredient for a sound and efficient financial system is an adequately capitalised banking system. Capital provides a bank with a buffer against unexpected losses and also serves as a basis for its medium-term growth. But how much capital should...
Funding Agreements for the Reserve Bank
This article discusses the policy rationale underpinning Funding Agreements which provide a basis for financing the Reserve Bank's operating expenditure for a five-year period. The article explains the various checks and balances in the funding framework....
New Zealand Payments System: An Address by Dr Alan Bollard, Governor, Reserve Bank of New Zealand, to the Institute of Finance Professionals New Zealand
11 August 2005 Introduction Today I'm going to talk about one of our key pieces of infrastructure--our payments system. I believe it is the first speech by an RBNZ Governor dedicated to that topic. I'm pleased to take it up, because it's an area...
OCR Unchanged at 6.75 per Cent: 28 July 2005
The Reserve Bank has left the Official Cash Rate (OCR) unchanged at 6.75 per cent. Reserve Bank Governor Alan Bollard said: "The economy has recently shown signs of softening. GDP growth has continued to ease over recent quarters, particularly in...
Recent Trends in Foreign Exchange Turnover
We examine recent trends in the global foreign exchange market using the 2004 BIS triennial foreign exchange turnover survey. The survey shows trading in the New Zealand dollar has increased significantly over the past three years. This reflects increased...