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A quarterly money supply series constructed for New Zealand for the period 1934-59

Reserve Bank of New Zealand

This article presents, and briefly discusses, historical quarterly money supply (M1) data that have been constructed as a by-product of research that is being undertaken within the Economic Department of the Bank. The data covers the period from the inception of the Reserve Bank in August 1934 to the end of 1959, after which official data consistent with the current M1 definition of the money supply are available.