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An overview of the money and bond markets in New Zealand Part 1 : the Crown debt market

Warren Potter

This is the first of two articles that provide a broad overview of the structure and general characteristics of the money and bond markets in New Zealand. This first article briefly reviews the financial markets as a whole and describes the deregulation that has occurred in New Zealand's financial markets over recent years. Crown securities on issue are examined in some depth and the article concludes with a review of the main developments in the Crown debt sector.