Cover IMF Working Papers
Improving the Management of a Central Bank: A Case Study
Author: Mr. John Mendzela
Series:
IMF Working Papers
Volume/Issue:
Volume 1994: Issue 037
Language:
English
Publication Date:
01 Apr 1994
DOI:
https://doi.org/10.5089/9781451845501.001
ISBN:
9781451845501
ISSN:
1018-5941
Pages:
54
Keywords:
WP; efficiency gain; RBNZ staff; senior management; The RBNZ culture; property manager; resource base; RBNZ culture; RBNZ organization chart; RBNZ goal; internal audit group; RBNZ change; price stability objective; staff number; career staff; Budget planning and preparation; Information and data management; Performance audit; Employment
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund