RBNZ/VUW professional fellowship workshop

The Global Financial Crisis: Historical Perspectives and Implications for New Zealand

Wednesday 17 June 2009

Workshop Programme

8.30 – 8.50am


Session 1 chaired by Bernard Hodgetts, RBNZ

8.50 – 9.00am

Opening comments by Governor Alan Bollard, RBNZ

9.00 – 10.00am


An historical perspective on the current crisis. (PPT 1.3MB)

Michael Bordo, Rutgers University

Discussant (PDF 36KB) – Arthur Grimes, MOTU / Waikato University

10.00 – 11.00am

Banking crises in New Zealand: an historical overview. (PDF 421KB)

Chris Hunt, RBNZ

Discussant (PDF 64KB) – Gary Hawke

11.00 – 11.20 am

Coffee Break

Session 2 chaired by Bob Buckle, VUW

11.20 – 12.20pm

The winds of change for central banks: the impact of economic crises on the central banking world. (PDF 80KB)

John Singleton, School of Economics and Finance, VUW

Discussant (PDF 102KB) – Michael Reddell, Special Adviser, Macroeconomic Group, Treasury

12.20 – 1.30pm


Session 3 chaired by David Hargreaves, RBNZ

1.30 – 2.30pm

New Zealand and the financial crisis of 2008. (PDF 239KB)

David Tripe, Centre for Banking Studies, Massey University

Discussant (PDF 37KB) – Paul Bedford, RBNZ

2.30 – 3.30pm

Only in America? Must Housing booms always end in meltdowns? (PDF 301KB)

Luci Ellis, Head of Financial Stability, RBA

Discussant (PDF 28KB) – Mizuho Kida, RBNZ

3.30 – 3.50pm

Coffee Break

Session 4 chaired by John McDermott, RBNZ

3.50 – 5.00pm

Panel Discussion: Policy Implications of the current crisis.

Michael Bordo, Rutgers University

Grant Spencer, Deputy Governor and Head of Financial Stability, RBNZ

Brian Easton, Independent Researcher

5.00 pm

Wrap up