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. 63, No. 3, September

Can the Reserve Bank Ignore the Current Increase in Inflation?
An address by Donald T Brash, Governor of the Reserve Bank of New Zealand to the Electralines Business Breakfast Forum on 2 August 2000. Introduction In the middle of May this year, when the Reserve Bank last issued a quarterly Monetary Policy...
Editor's Note
This issue of the Bulletin features four articles and contains two speeches delivered recently by the Governor, Dr Brash. Two of the articles relate to monetary policy issues, and two are on international-related themes. The first article, Monetary...
How Should Monetary Policymakers Respond to the New Challenges of Global Economic Integration?
An address by Donald T Brash, Governor of the Reserve Bank of New Zealand to a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming on Saturday, 26 August 2000. Introduction There are, of course, many aspects...
Monetary Policy in an Uncertain World
"It's not so much the things you don't know that cause the trouble, as the things you do that ain't so." Will Rogers Policymakers and policy economists have long recognised that uncertainty has important implications for monetary policymaking....
New Zealand's Currency Risk Premium
Christine Tether [1] In this article we examine whether New Zealand having its own currency leads to higher interest rates in New Zealand when compared to Australia or the United States. Differences between domestic and foreign interest rates...
No Government Guarantee of Banks in New Zealand
20 June 2000 The Reserve Bank today clarified the relationship between registered banks in New Zealand and the government. This followed Deputy Prime Minister Jim Anderton today saying on breakfast television that: "It's inconceivable that banks...
Reforms to Global Financial Architecture
In recent years, and particularly since the Asian crisis of 1997/98, much international attention has been directed at proposals to reform aspects of the international financial system -- the so-called "global financial architecture". This article...
Special $10 Bank Note in Circulation from Tomorrow 1 August 2000
From tomorrow, the Reserve Bank will release 1.5 million special $10 bank notes into general circulation. These are the $10 millennium bank notes that previously were only available to collectors. Reserve Bank Currency Chief Manager Brian Lang said,...