Reserve Bank of New Zealand Bulletin articles
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June 1997 (Vol 60, no 2)
Articles
Current policy issues in the payments system (PDF 22KB)
By Peter Ledingham, Banking System Department
A paper prepared for a conference on cheque and payments processing, Wellington, 26 November 1996.
Monetary policy implementation and signalling: a discussion document
A discussion document released to the financial markets for comment in March 1997, which reviewed some operational aspects of monetary policy implementation and signalling.
The trade weighted index (TWI) measure of the effective exchange rate
A review of aspects of the construction and use of the TWI as a measure of the effective exchange rate.
The state of the New Zealand banking industry
A commentary on the current issues facing the New Zealand banking industry and its financial performance over 1996.
The views expressed are those of individual authors and do not necessarily reflect official positions of the Reserve Bank of New Zealand. Articles published in this Bulletin may not be wholly or substantially reproduced without the permission of the Reserve Bank of New Zealand. Data, brief extracts from articles, and other material appearing in the Bulletin, may be used without restriction provided due acknowledgement is made of the source.
(c) Reserve Bank of New Zealand
