IDEAS AND TOOLS FOR CENTRAL BANKS
Central Banking - IMF Study
INTERNATIONAL MONETARY FUND WORKING PAPER 94/37
Improving the Management of a Central Bank: A Case Study
This paper examines how major efficiency gains and improved effectiveness were simultaneously achieved at the Reserve Bank of New Zealand over a five-year period. It identifies the business management concepts that were used to transform the organization, outlines how they were applied, and evaluates the benefits obtained. The paper concludes that substantial real efficiency gains were achieved, while effectiveness was maintained or enhanced. Looking more widely, the business management concepts used to achieve these benefits could be applied to other central banks.
(This text was published in 2005 by Central Banking Publications as Chapter 2 of “Central Bank Modernisation”. If you use or quote from this material please attribute it to the author and publisher.)
Mendhurst’s central banking clients include central banks in developed, developing and transition economies. The descriptions below outline a range of our projects:
Click on the buttons below to view ideas and tools developed specifically for central banks:
Leadership in Central Banking
Why Change?
Good Practice Accounting and Reporting
IMF Study: Improving CB Management
You can view the study as a PDF file Load pdf (.pdf 214Kb)
