es, according to Professor Martin Hellwig, who is the Reserve Bank Fellow in Monetary and Financial Economics at Victoria University of Wellington. The annual fellowship is organised each year between the University and the Reserve Bank of New Zealand and aims to enhance the development of monetary and financial policy in New Zealand by advancing thinking and public debate.
Professor Hellwig will give a public lecture on regulatory reform since the financial crisis in Wellington on 5 December.
The lecture will discuss the mechanisms that were at play in the crisis of 2007-2009, and the regulatory reforms that followed, as well as those that were missed. Professor Hellwig argues that these reforms have been shown to be timid and that some of the faultlines underlying the crisis still pose a risk.
Professor Hellwig is co-author of The Bankers’ New Clothes: What’s wrong with banking and what to do about it, lauded as ‘the most important book to have come out of the financial crisis’. He is a German economist and director emeritus of the Max Planck Institute for Research on Collective Goods.
What: Reserve Bank Fellow in Monetary and Financial Economics public lecture When: Reception 5.30pm, lecture 6-7pm, Wednesday 5 December
Where: Lecture Theatre 1, Rutherford House, 23 Lambton Quay, Wellington