Abstract
Abstract. This paper explores New Zealand’s early monetary history, examining its colonization and the events leading up to the establishment of the Colonial Bank of Issue, an early currency board. It describes the operations of the bank during its six-year stint as the colony’s sole note issuer. An accompanying spreadsheet workbook contains the statistics of the Colonial Bank of Issue.
Keywords. New Zealand, Colonial Bank of Issue, Currency board, George Grey.
JEL. E59, N17.
References
Bedford, H.D. (2017). History and practice of banking in New Zealand. Unpublished Doctor of Letters thesis, University of Otago. [Retrieved from].
Cadogan, B. (2014). A Terrible and Fatal Man: Sir George Grey and the British Southern Hemisphere. Victoria University of Wellington: Treaty of Waitangi Research Unit. [Retrieved from].
Grey, E. (1853). The colonial policy of Lord John Russell’s administration. V.2. Harvard College Library. [Retrieved from].
Hanke, S.H. (2008). Friedman: Float or Fix?, Cato Journal, 28 (2), 275-285.
Hanke, S.H., & Schuler, K. (1994). Currency Boards for Developing Countries: A Handbook. ICS Press.
Hargreaves, R.P. (1972). From Beads to Bank Notes. Dunedin, New Zealand: John McIndoe.
Krus, N., & Schuler, K. (2014). Currency Board Financial Statements, Johns Hopkins Institute for Applied Economics, Global Health, and Study of Business Enterprise. December. [Retrieved from].
Matthews, K. (2003). The legal history of money in New Zealand. Reserve Bank of New Zealand Bulletin, 66(1), 40-49.
Schuler, K. (1999). Currency Boards. Ph.D. dissertation, George Mason University. [Retrieved from].
Swainson, W. (1859). New Zealand and its colonization. Cornell University Library. [Retrieved from].
Wilson, J. (2005). European discovery of New Zealand. Te Ara: The Encyclopedia of New Zealand. [Retrieved from]. 2005. Web. 5 July 2017.
