Does a stitch in time save nine?

Release date
01/03/2001
Reference
Vol. 64. No. 1. March 2001
Authors
Aaron Drew; L. Christopher Plantier
Main file
In December 2000, the Reserve Bank issued a discussion paper entitled “Interest rate smoothing in New Zealand and other dollar bloc countries,” written by Aaron Drew and L Christopher Plantier. The key points made in this paper are summarised in the following note.