Journal Article
Monetary policy and operating procedures in New Zealand
Abstract: The Reserve Bank of New Zealand operates in a highly deregulated financial environment which lacks any interest rate regulation or reserve requirements. Yet the Reserve Bank has been able to implement effective monetary policy through a quantity-based procedure. This article analyzes the operating procedures of the Reserve Bank of New Zealand and the relatively small financial costs imposed by these procedures.
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https://fraser.stlouisfed.org/title/economic-quarterly-federal-reserve-bank-richmond-960/september-october-1991-477368?page=11
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Review
Publication Date: 1991
Volume: 77
Issue: Sep
Pages: 13-19