Graeme Wheeler: The building blocks of the economic expansion Speech by Mr Graeme Wheeler, Governor of the Reserve Bank of New Zealand, to the Canterbury Employers’ Chamber of Commerce, Christchurch, 31 January 2014. *  *  *  Introduction Small open advanced economies like New Zealand tend to have economic cycles that are heavily influenced by developments in the global economy.
Third, in the area of financial crisis management, the main initiatives are in the form of promoting multilateral or bilateral agreements among the relevant authorities so that they are prepared in case of a financial crisis with cross-border dimension.