Programme

Monday 27 February 2006

13.00

Depart:

Reserve Bank of New Zealand
No 2 The Terrace, Wellington

15.00

Arrive:

Brackenridge Country Retreat
Martinborough, Wairarapa

19.30

Dinner

Tuesday 28 February 2006

Brackenridge, Wairarapa

7.00

Breakfast

Morning Session

9.00

Introduction

9.30

Tour de table - Issues facing central banks in the South Pacific

10.30

Morning break

10.45

Governance and structures: autonomy and accountability
(Simon Gray)

11.45

Syndicate session
Independence and Functionality: resource allocation in a small central bank
(Simon Gray and Melanie Lund)

12.30

Lunch

Afternoon Session

14.00

Syndicate session (continued)

15.00

Afternoon break

15.15

Monetary policy: exchange rate regimes and inflation targeting
(Mario Blejer)

17.15

End of session

19.00 for 19.30

Dinner

Wednesday 1 March 2006

Brackenridge, Wairarapa

7.00

Breakfast

Morning Session

9.00

Participant presentations
Trade-offs and choices of monetary policy regimes for the SPI

10.30

Morning break

10.45

Monetary policy implementation: goals and instruments
(Simon Gray)

12.30

Lunch

Afternoon Session

13.30

Participant presentation(s)
Current challenges in monetary policy implementation

14.30

Afternoon break

14.45

Issues in foreign exchange reserves management
(Simon Gray)

15.00

Managing foreign exchange reserves: the practice
(RBNZ plus participants)

16.30

Special event for course participants
(Outdoor clothing required)

19.00 for 19.30

Dinner

Thursday 2 March 2006

Brackenridge, Wairarapa

7.00

Breakfast

Morning Session

9.00

What is financial stability and how do central banks achieve it?
(Melanie Lund)

10.30

Morning break

11.00

The role of the central bank in a financial crisis
(Mario Blejer)

12.30

Lunch

Afternoon Session

14.00

Syndicate session
Is there a trade-off between financial stability and economic growth?
(Melanie Lund)

15.30

Afternoon break

15.45

Strengthening the financial infrastructure
(Melanie Lund)

16.45

Review and close

17.30

End of course

19.00 for 19.30

Dinner

Course Extension

Friday 3 March 2006

Reserve Bank of New Zealand, Wellington

7.00

Breakfast

8.30

Depart: Brackenridge

10.30

Arrive: Reserve Bank of New Zealand

10.30

Morning break

11.00

Risk and audit
Currency

12.00

Lunch

Afternoon Session

13.00

Accounting
Technology
Wrap-up discussion on Operations

14.30

Afternoon break

14.45

Financial surveillance and financial stability

16.30

Course and extension ended