The Reserve Bank, private sector banks and the creation of money and credit

Gillian Lawrence
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Gillian Lawrence: Reserve Bank of New Zealand

Reserve Bank of New Zealand Bulletin, 2008, vol. 71

Abstract: This article provides an overview of the functions of money, and how money and credit are created in the economy. The roles of the Reserve Bank and private sector banks are illustrated, and we explain the link between money and monetary policy.

Date: 2008

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Persistent link: http://EconPapers.repec.org/RePEc:nzb:nzbbul:march2008:4

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