Can Central Banks Be Made More Efficient?

One chapter in Dr Don Brash’s recent book “Incredible Luck” outlines his experience as Governor of the Reserve Bank of New Zealand from 1988 to 2002, and the challenges he faced implementing what was then a radically new approach to the relationship between government and central bank. The extract below is part of that chapter and addresses the issue of making central banks more efficient.



Don Brash's book was published in May 2014 by Troika Books.  Further information about Don's book is available at

This extract is published with the author’s permission and under copyright. If you use or quote from this material please attribute it to the author and publisher

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