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Funding agreements for the Reserve Bank

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Author Info

  • Mike Wolyncewicz

    (Reserve Bank of New Zealand)

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    Abstract

    This 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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    File URL: http://www.rbnz.govt.nz/research_and_publications/reserve_bank_bulletin/2005/2005sep68_3wolyncewicz.pdf
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    Bibliographic Info

    Article provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.

    Volume (Year): 68 (2005)
    Issue (Month): (September)
    Pages:

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    Handle: RePEc:nzb:nzbbul:september2005:5

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    Cited by:
    1. Robert McCauley, 2006. "Internationalising a currency: the case of the Australian dollar," BIS Quarterly Review, Bank for International Settlements, December.

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