Exchange Rate Policy Forum: Issues and Policy Implications
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Tuesday, 26 March 2013
5th floor seminar facilities, The Treasury, 1 The Terrace, Wellington
PROGRAMME
MORNING SESSION |
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8:15 – 8:45 |
Arrival - tea and coffee available |
8:45 – 9:00 |
Welcome, introduction and opening comments Gabriel Makhlouf, Secretary to The Treasury |
Session 1 |
Exchange rate regimes in New Zealand and overseas Chair: Grant Scobie, The Treasury |
9:00 – 9:25 |
New Zealand history of monetary and exchange rate regimes (PDF 886KB) Richard Sullivan, RBNZ (25 min) Presentation slides (PDF 448KB) |
9.25 – 9:50 |
Contemporary exchange rate regimes: floating, fixed and hybrid (PDF 439KB) Willy Chetwin and Anella Munro, RBNZ (25
min) |
9:50 - 10:05 |
Discussant for Session 1: Stephen Grenville, Lowy Institute for International Policy (15 min) |
10:05 – 10:15 |
General discussion (10 min) |
10:15 – 10.45 Morning tea |
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Session 2 |
Short- and medium-term exchange rate volatility Chair: Bernard Hodgetts, RBNZ |
10:45 – 11:15 |
Exchange rate valuation and its impact on the real economy (PDF 646KB) Enzo Cassino and David Oxley, The Treasury
(30 min) |
11:15 – 11:45 |
Willy Chetwin, Tim Ng and Daan Steenkamp, RBNZ
(30 min) |
11:45 – 12:00 |
Discussant for Session 2: Roger Procter, Ministry of Business, Innovation and Employment (15 min) |
12:00 - 12:15 |
General discussion (15 min) |
12:15 – 1:30 Lunch |
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Session 3 |
Longer-run issues Chair: Mark Blackmore, The Treasury |
1:30 – 2:00 |
Michael Reddell, RBNZ (30 min) |
2:00 – 2:30 |
Policy options to narrow New Zealand's saving-investment imbalance (PDF 1MB) Anne-Marie Brook, The Treasury (30
min) |
2:30 - 2:45 |
Discussant for Session 3: Stephen Topliss, BNZ (15 min) |
2:45 - 3:00 |
General discussion (15 min) |
3:00 - 3:20 Afternoon tea |
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Session 4 |
Making sense of the NZ exchange rate experience Chair: Geoff Bascand, RBNZ |
3:20 – 4:00 |
Panel Discussion Selwyn Pellett, Imarda David Gruen, Australian Treasury Dominick Stephens, Westpac Panelists speak for 10 minutes each (40 min) |
4:00 – 4:15 |
Bringing it all together: where does this leave us, and where to from here? (PDF 99 KB) John McDermott, RBNZ (15 min) |
4:15 – 4:35 |
General discussion (20 min) |
4:35 – 4:45 |
Wrap-up |