Your browser is not supported

Our website does not support the browser you are using. For a better browsing experience update to a compatible browser like the latest browsers from Chrome, Firefox and Safari.

Exchange rate policy forum 2013

This March 2013 workshop we jointly hosted with The Treasury discusses issues and policy implications relating to the exchange rate policy.

Past Event
Tuesday, 26 March 2013 to Tuesday, 26 March 2013
9:00 am - 5:00 pm
5th floor seminar facilities, The Treasury, 1 The Terrace, Wellington


Welcome, introduction and opening comments:
Gabriel Makhlouf, Secretary to the Treasury

Session 1: Exchange rate regimes in New Zealand and overseas

Session chair: Grant Scobie (The Treasury)

New Zealand history of monetary and exchange rate regimes
Presented by: Richard Sullivan (Reserve Bank of New Zealand)

Contemporary exchange rate regimes: floating, fixed and hybrid
Presented by: Willy Chetwin and Anella Munro (Reserve Bank of New Zealand)

Discussant for session 1: Stephen Grenville (Lowy Institute for International Policy)

Session 2: Short and medium-term exchange rate volatility

Session chair: Bernard Hodgetts (Reserve Bank of New Zealand)

Exchange rate valuation and its impact on the real economy
Presented by: Enzo Cassino and David Oxley (The Treasury)

The New Zealand experience of short and medium-term real exchange rate volatility: drivers and policy implications
Presented by: Willy Chetwin, Tim Ng and Daan Steenkamp (Reserve Bank of New Zealand)

Discussant for session 2: Roger Procter (Ministry of Business, Innovation and Employment)

Session 3: Longer-run issues

Session chair: Mark Blackmore (The Treasury)

The long-term level 'misalignment' of the exchange rate: Some perspectives on causes and consequences
Presented by: Michael Reddell (Reserve Bank of New Zealand)

Policy options to narrow New Zealand's saving-investment imbalance
Presented by: Anne-Marie Brook (The Treasury)

Discussant for session 3: Stephen Topliss (BNZ)

Session 4: Making sense of the NZ exchange rate experience

Session chair: Geoff Bascand (RBNZ)

Bringing it all together: where does this leave us, and where to from here?
Presented by: John McDermott (RBNZ)