e-journal

Ideology or economics:government banking in New Zealand

---

This paper aims to argue that in the short history of New Zealand banking, political
experimentation, based at first upon socialist ideology of the 1940s led to the nationalisation of
The Bank of New Zealand (BNZ), followed by a period of neo-liberalism in the 1980s and early 1990s in
which the bank was privatised. It further argues that the establishment of Kiwibank Ltd in
New Zealand at the dawn of the twenty-first century was a return to the political ideology of the 1940s.
Design/methodology/approach – The paper discusses the nationalisation and subsequent
privatisation of the BNZ and draws a parallel between the perceived banking environment as it
existed in New Zealand in the twentieth century and as it existed at the establishment of Kiwibank.
By way of context setting it also discusses the political environment as it relates to the nationalisation
of the Bank of England.
Findings – The paper finds that in New Zealand, political experimentation, not commercial
pragmatism, was the underlying motivating factor for the state’s involvement in banking.
Originality/value – The paper contributes to the pool of knowledge regarding the political
motivations behind nationalisation and state ownership of banking assets. The article is of interest to
economic and political historians as well as those who study New Zealand political party history.
Future policy makers could do well to reflect upon the motivations for state ownership of banking
assets by asking if their decisions are driven by ideology or economics.

Keywords Banking, Socialist economies, Nationalization, Politics, Privatization, New Zealand

---

Ketersediaan

Tidak ada salinan data

Informasi Detail

Judul Seri

Journal of Management History

No. Panggil

-

Penerbit

: Emerald Group., 2011

Deskripsi Fisik

Journal of Management History Vol. 17 No. 3, 2011

Bahasa

English

ISBN/ISSN

-

Klasifikasi

-

Tipe Isi

-

Tipe Media

-

Tipe Pembawa

-

Edisi

-

Subjek

EKONOMI

Info Detail Spesifik

-

Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

Komentar

---

Anda harus masuk sebelum memberikan komentar