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Improving the Management of a Central Bank; A Case Study

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  • John Mendzela

Abstract

This paper examines how major efficiency gains and improved effectiveness were simultaneously achieved at the Reserve Bank of New Zealand over a five-year period. It identifies the business management concepts that were used to transform the organization, outlines how they were applied, and evaluates the benefits obtained. The paper concludes that substantial real efficiency gains were achieved, while effectiveness was maintained or enhanced. Looking more widely, the business management concepts used to achieve these benefits could be applied to other central banks.

Suggested Citation

  • John Mendzela, 1994. "Improving the Management of a Central Bank; A Case Study," IMF Working Papers 94/37, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:94/37
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    9. J.B. (Hans) Opschoor, 2009. "Sustainability," Chapters,in: Handbook of Economics and Ethics, chapter 69 Edward Elgar Publishing.
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    13. Edwin M. Truman, 2005. "Budget and external deficits: not twins but the same family," Proceedings, Federal Reserve Bank of San Francisco, issue Feb.
    14. John Hawkins & Paul Masson, 2003. "Economic aspects of regional currency areas and the use of foreign currencies," BIS Papers chapters,in: Bank for International Settlements (ed.), Regional currency areas and the use of foreign currencies, volume 17, pages 4-42 Bank for International Settlements.
    15. Michel Galy & Michael T. Hadjimichael, 1997. "The CFA Franc Zone and the EMU," IMF Working Papers 97/156, International Monetary Fund.
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    Cited by:

    1. Murray Petrie & David Webber, 2001. "Review of Evidence on Broad Outcome of Public Sector Management Regime," Treasury Working Paper Series 01/06, New Zealand Treasury.

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