Advanced search
Publication Cover
Journal of the Asia Pacific Economy Volume 11, 2006 - Issue 4: Financial Issues in the Asia-Pacific Region
Submit an article Journal homepage
288
Views
6
CrossRef citations to date
0
Altmetric
Original Articles

Monetary Policy, Open Market Operations and New Zealand Interest-Rate and Exchange-Rate Markets

Xinsheng Lu Department of Accounting and Finance, Monash University, Australia
&
Francis In Department of Accounting and Finance, Monash University, Australia
Pages 462-481 | Published online: 27 Jun 2007

References

  • Archer , D. , Brookes , A. and Reddell , M. 1999 . A cash rate system for implementing monetary policy . Reserve bank of New Zealand: Bulletin , 62 ( 1 )
  • Bollerslev , T. 1987 . A conditionally heteroskedastic time series model for speculative prices and rates of return . Review of Economics and Statistics , 69 : 542 – 547 . [CROSSREF] [CSA]
  • Bonser-Neal , C. , Roley , V. V. and Sellon , G. H. Jr. 2000 . The effect of monetary policy actions on exchange rates under interest-rate targeting . Journal of International Money and Finance , 19 : 601 – 631 . [CROSSREF] [CSA]
  • Bredin , D. , Gavin , C. and O'Reilly , G. 2005 . US monetary policy announcements and Irish stock market volatility . Applied Financial Economics , 15 : 1243 – 1250 . [CROSSREF] [CSA]
  • Cook , T. and Hahn , T. 1989 . The effect of changes in the federal funds target on market interest rates in the 1970s . Journal of Monetary Economics , 24 : 331 – 351 . [CROSSREF] [CSA]
  • Demiralp , S. and Jorda , O. 2002 . The announcement effect: evidence from open market desk data . FRBNY Economic Policy Review , May : 29 – 48 . [CSA]
  • Enders , W. 2004 . Applied Econometric Time Series Wiley .
  • Harvey , C. R. and Huang , R. D. 2002 . The impact of the Federal Reserve Bank's open market operations . Journal of Financial Markets , 5 : 223 – 257 . [CROSSREF] [CSA]
  • Kuttner , K. N. 2001 . Monetary policy surprises and interest rates: evidence from the Fed funds futures market . Journal of Monetary Economics , 47 : 523 – 544 . [CROSSREF] [CSA]
  • Leightner , J. E. 2002 . The domestic effects of tight monetary policy in the wake of Thailand's financial crisis . Journal of the Asia Pacific Economy , 7 : 242 – 266 . [CROSSREF] [CSA]
  • Nelson , D. 1991 . Conditional heteroskedasticity in asset returns: a new approach . Econometrica , 59 : 347 – 370 . [CROSSREF] [CSA]
  • RBNZ Bulletin . 1991 . Monetary policy implementation: Changes to operating procedures . Reserve Bank of New Zealand: Bulletin , 62 ( 1 ) [CSA]
  • Roley , V. V. and Sellon , G. H. Jr. 1998 . Market Reaction to monetary policy Non-announcements Research Working Paper, (Federal Reserve Bank of Kansas City)
  • Svensson , L. E. O. 2001 . Independent Review of the Operation of Monetary Policy in New Zealand: Report to the Minister of Finance , Institute for International Economic Studies, Stockholm University .
  • Serwa , D. 2006 . Do emerging financial markets react to monetary policy announcements? Evidence from Poland . Applied Financial Economics , 16 : 513 – 523 . [CROSSREF] [CSA]
  • Thornton , D. L. 2001 . Identifying the liquidity effect at the daily frequency . Federal Reserve Bank of St. Louis Review , 83 : 59 – 78 . [CSA]

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.