As a central bank responsible for one of the G10 currencies, the RBNZ has one of the strongest reputations of any economics institution in the world. It also provides a strong level of independence and responsibility for staff that is unheard of in larger organisations, whilst providing more influence on policy and outcomes than smaller ones.
I have been attempting to measure market discipline in New Zealand’s banking and insurance markets. This involved a thorough literature review, data sourcing, and data analysis. Actually finding the data was a bit of a treasure hunt, as we were unsure if data we needed had actually been recorded anywhere. This was the first study of its kind carried out in New Zealand, and I had full control over my time and process.
I went on the annual 15km Circumsanctuary trail run up to the highest wind turbine in Wellington, which was an awesome and very tiring experience.
I have had the opportunity to learn from people at the top of their field about how certain economic effects arise, and how commercial banks think and react to regulations.
It’s very rare to get the chance to see how Central Banks work, and to learn about the NZ economy and financial system in so much depth. You’ll hear about policy issues and plans before anyone else, and be the envy of your friends.