Tripe, David; McDermott, John; Petro, Ben - In: Asia pacific financial markets in comparative …, (pp. 453-467). 2005
In March 1999, the Reserve Bank of New Zealand changed its method of implementing monetary policy from targeting settlement cash to specifying an (official) Overnight Cash Rate (OCR). This paper explores some of the impacts of this, by comparing market movements before and after the change. We...