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Intervention Techniques Under a Deregulated Financial Environment

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  • Peter Nicholl

Abstract

This luncheon address was delivered by the Honourable Peter W.E. Nicholl, Deputy Governor of the Reserve Bank of New Zealand during the Annual SEACEN Meeting of Directors of Research and Training for the Operating Year 1993/1994, which was organised by The SEACEN Centre in collaboration with the Reserve Bank of Fiji at Nadi, Fiji from 29 - 30 November 1993. The paper starts by reviewing the trends of deregulation and internationalisation of financial markets and describing the features of genetic monetary policy architecture. It then shares the conclusions reached in New Zealand on the appropriate monetary policy regime in a deregulated financial environment. Finally, it draws the general lessons about the operation of monetary policy.

Suggested Citation

  • Peter Nicholl, 1994. "Intervention Techniques Under a Deregulated Financial Environment," Occasional Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number occ16.
    • Handle: RePEc:sea:opaper:occ16
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    File URL: http://www.seacen.org/GUI/pdf/publications/occasional/1994/OP16.pdf
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    Cited by:

    1. Mayes, David G. & Razzak, W. A., 1998. "Transparency and accountability: Empirical models and policy making at the Reserve Bank of New Zealand," Economic Modelling, Elsevier, vol. 15(3), pages 377-394, July.

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