The power myth of the Reserve Bank

By Brian Easton In Economy

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27th October, 2012
Alan Bollard, the just-retired Governor of the Reserve Bank of New Zealand, is a genial man with a wry sense of humour. He is also a great public servant for whom we have much to thank. He will be best remembered for steering us through the trauma of the global financial crisis, which began in September 2008. Before his decade-long Reserve Bank role, Bollard was Treasury Secretary for four years, and he was chairman of the Commerce Commission for four years before that. At the commission, he thought a lot about how to regulate businesses when the market could not be relied on to give a good ...

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