Managing Capital Flows and Exchange Rates
Edited by Dongsoo Kang and Andrew Mason
Chapter 10: The role of reserves in a small open economy: the case of New Zealand
10. The role of reserves in a small open economy: the case of New Zealand* Anella Munro and Michael Reddell INTRODUCTION The role of reserves in New Zealand has evolved with the monetary policy framework. Prior to the floating of the New Zealand (...
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