Funding agreements for the Reserve Bank
AbstractThis article discusses the policy rationale underpinning Funding Agreements which provide a basis for financing the Reserve Bank's operating expenditure for a five-year period. The article explains the various checks and balances in the funding framework. It then goes on to describe the process by which a Funding Agreement is developed, and provides a brief overview of the profile of the Bank's operating expenditure since 1990.
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Bibliographic InfoArticle provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.
Volume (Year): 68 (2005)
Issue (Month): (September)
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- Robert McCauley, 2006. "Internationalising a currency: the case of the Australian dollar," BIS Quarterly Review, Bank for International Settlements, December.
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