Monetary Policy and Operating Procedures in New Zealand
分析了新西兰储备银行在高度放松管制的金融环境中,通过数量型程序实施有效货币政策的方式及其带来的较小财务成本。
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.