W A Razzak School of Economics and Finance, Massey University, New Zealand   43 Tamworth Crescent Newlands Wellington, New Zealand 6037 New Zealand   razzakw@gmail.com   http://logec.repec.org/RAS/pra22.htm           JEL Areas: E4 : Money and Interest Rates: General E5 : Monetary Policy, Central Banking, and the Supply of Money and Credit: General