Capital markets workshop

Friday 20 June 2008
Reserve Bank of New Zealand - joint with New Zealand Treasury and Ministry of Economic Development

Workshop Programme

Friday 20 June 2008


Coffee and registration

Morning Session

Chaired by Geoff Lewis, Treasury


Opening remarks by Alan Bollard, Governor, RBNZ

9:15 – 10.15

Developing Australia's financial system - lessons for New Zealand (PDF 171KB)

Kevin Davis, Melbourne Centre for Financial Studies


Fashioning Financial Systems: Some Lessons From Australia: Comment (PDF 42KB)

David Mayes, Auckland University

10:15 – 10.30

Coffee break

10:30 – 11:30

The New Zealand Term Structure: Going Long on Infrastructure (PDF 95KB)

Roger Bowden, and co-author Dawn Lorimer, Victoria University of



Comments on Bowden and Lorimer (2008) "The NZ term structure: Going long in infrastructure" (PDF 83KB)

Kelly Eckhold, RBNZ

11:30 – 12.30

Australia, New Zealand Shadow Financial Regulatory Committee


12:30 – 1:30


Afternoon Session

Chaired by Bryan Chapple, MED

1.30 – 2:30

Regulation and Target Takeover Returns: Is There a Link?

Hamish Anderson and co-author Ben Marshall, Massey University


Discussion of: ‘Regulation and Target Takeover Returns: Is there a Link?' (PDF 115KB)

Glenn Boyle, ISCR

2.30 – 3.30

The development of the NZ Kauri bond market (PDF 224KB)

John Groom and co-author Kelly Eckhold, RBNZ


Paul Mowbray, Deutsche Bank

3.30 – 4.00

Coffee break

4:00 – 5:00

Panel Discussion – "The Future of NZ Capital Markets"

(Panel Members: David Tripe, Bruce Sheppard and David Mayes)


Closing remarks by John McDermott, Assistant Governor and Head of Economics, RBNZ