Funding agreements for the Reserve Bank

Mike Wolyncewicz
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Mike Wolyncewicz: Reserve Bank of New Zealand

Reserve Bank of New Zealand Bulletin, 2005, vol. 68, No 3

Abstract: This article discusses the policy rationale underpinning Funding Agreements which provide a basis for financing the Reserve Bank's operating expenditure for a five-year period. The article explains the various checks and balances in the funding framework. It then goes on to describe the process by which a Funding Agreement is developed, and provides a brief overview of the profile of the Bank's operating expenditure since 1990.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:nzb:nzbbul:september2005:5

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