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. 71, No. 4, December

Editor's Note
This edition of the Reserve Bank Bulletin is built around the theme of liquidity and New Zealand's financial markets. 'Liquidity' in a general sense relates to the ability for payments and other financial transactions to occur without hindrance,...
Evolution of the Reserve Bank's Liquidity Facilities
In this article, the evolution of the liquidity management regime over the past few years is detailed. This evolution is placed in the context of the prevailing financial market stresses. The robustness and adaptability of the system to a variety...
New Legislation for Regulation of Non-Bank Deposit Takers
This article provides a broad overview of the regulatory framework for non-bank deposit takers and the role of the Reserve Bank of New Zealand as the sector's prudential regulator. This new responsibility is embodied in the amendments made to the...
Results from Our Recent Survey of Bulletin Readers
This note summarises the results of our August 2008 survey of Bulletin readers. Overall, we received very positive feedback. Survey respondents found Bulletin articles to be readable, topical, good quality and in-depth. We also received a number...
The Global Financial Crisis and Its Transmission to New Zealand-An External Balance Sheet Analysis
Recent global events have underscored how instability in the international financial system can have a pervasive impact on the world economy. Starting in the middle of 2007, deteriorating credit quality in the US residential mortgage market served...
The Reserve Bank's Payment System Oversight Role Applied to Settlement Risk in the Retail Payment System
The Reserve Bank oversees the payment system for the purpose of promoting the maintenance of a sound and efficient financial system. Consistent with the Reserve Bank's relatively light-handed payment system oversight powers, the Reserve Bank's approach...