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Enter the Reserve Bank of New Zealand, which has become the first authority to pass hard-and-fast rules for liquidity since the crisis.
ECONOMIST: Funding rules in New Zealand
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The Reserve Bank of New Zealand declined to comment.
WSJ: New Zealand, China in Talks on Convertibility of Currencies
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"We would not expect, given the strength of the flows, that intervention would materially change the level of the exchange rate, but we could take potentially the tops off rallies, " said Graeme Wheeler, governor of The Reserve Bank of New Zealand.
WSJ: Asian Governments Take Measures to Battle Strong Currencies
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An increasing number of central banks, such as the Bank of England, the European Central Bank and the Reserve Banks of Australia and New Zealand, now support the view that monetary policy should sometimes act to restrain a rapid increase in credit and asset prices.
ECONOMIST: Yesterday's financial architecture needs refurbishing