Bollard, Alan; Ng, Tim - In: Reserve Bank of New Zealand Bulletin 72 (2009) March, pp. 34-45
This article reproduces the paper for a speech given by Governor Alan Bollard on 30 January 2009 to the Canterbury Employers’ Chamber of Commerce, Christchurch, New Zealand. It discusses the causes and consequences of the credit boom this decade in developed Western economies, the policy...