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New Zealand’s Early Monetary History and the Colonial Bank of Issue, 1840 – 1856

Author

Listed:
  • Corgel, Ronan

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

Abstract

This paper explores New Zealand’s early monetary history, examining its colonization and the events leading up to the establishment of the Colonial Bank of Issue, an early currency board. It describes the operations of the bank during its six-year stint as the colony’s sole note issuer. An accompanying spreadsheet workbook contains the statistics of the Colonial Bank of Issue.

Suggested Citation

  • Corgel, Ronan, 2017. "New Zealand’s Early Monetary History and the Colonial Bank of Issue, 1840 – 1856," Studies in Applied Economics 96, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0096
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    File URL: https://sites.krieger.jhu.edu/iae/files/2020/01/New-Zealand-Paper-Final.pdf
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    More about this item

    Keywords

    New Zealand; Colonial Bank of Issue; currency board; George Grey;
    All these keywords.

    JEL classification:

    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania

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