10 blog posts found
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MEI Special Topic: Implications of Brexit for the New Zealand economy
Posted: 5 Jul 2016Topic: Banks, Central banks, Economic forecasting, Economic growth, Economic impact, Exports, Financial markets, Foreign exchange, Globalisation, Government securities, International agreements, Migration, Monetary policy, Monetary unions, Primary industry, Protectionism, Service industries, Tourism, TradeOn 23 June, the UK voted 52% to 48% in a referendum to leave the EU ("Brexit"). Although the referendum was regarded as binding, it will require parliamentary approval to activate Article 50 of the... -
Dividends from Mighty River Power, Meridian Energy and Genesis Energy: part 3 of 3
Posted: 16 Jun 2016Topic: Electricity, Financial markets, Government shareholding, Investment, Risk management, Shares, State owned enterprises, TaxationAuthor:In my previous article on Air New Zealand, I mentioned the concept of risk as being important when considering returns. Risk is also relevant to the discussion about the dividends from the... -
Dividends from Mighty River Power, Meridian Energy and Genesis Energy: part 2 of 3
Posted: 15 Jun 2016Topic: Capital, Electricity, Financial markets, Government shareholding, Industry, Investment, Prices, Risk management, Shares, State owned enterprises, TaxationAuthor:In part 1, I showed that the dividends from the three electricity companies had significantly increased around the time that 49% of their shares were sold to investors, and the companies were listed... -
Dividends from Mighty River Power, Meridian Energy and Genesis Energy: part 1 of 3
Posted: 14 Jun 2016Topic: Capital, Electricity, Financial markets, Government shareholding, Industry, Investment, Shares, State owned enterprisesAuthor:There was some public discussion earlier this year of dividends from the majority government-owned electricity companies Mighty River Power, Meridian Energy and Genesis Energy. In this article I will... -
Competition and KiwiSaver: part 2 of 2
Posted: 1 Jun 2016Topic: Competition (business), Consumer protection, Financial markets, Government regulation, Investment, Pensions, Retirement, Savings, SuperannuationAuthor:The Treasury recently took an in-depth look at the market dynamics for KiwiSaver funds. In Part 2 of this two part article, we discuss possible explanations for the results of our analysis. The... -
Competition and KiwiSaver: part 1 of 2
Posted: 31 May 2016Topic: Banks, Competition (business), Consumer protection, Financial markets, Government regulation, Households, Investment, Pensions, Retirement, Savings, SuperannuationAuthor:The Treasury recently took an in-depth look at the market dynamics for KiwiSaver funds. In Part 1 of a two part article, we discuss the competition aspects of the analysis. The author appreciates... -
The Crown’s Investment in Air New Zealand: part 3 of 3
Posted: 20 May 2016Topic: Financial markets, Government shareholding, Investment, Prices, Shares, State owned enterprises, TransportAuthor:In November 2013, the Government sold 221.3 million shares in Air New Zealand at a price of $1.65 a share, receiving proceeds of $365.2 million. The Crown retained ownership of 582.9 million Air... -
The Crown's Investment in Air New Zealand: part 2 of 3
Posted: 18 May 2016Topic: Financial markets, Government shareholding, Investment, Prices, Shares, State owned enterprises, TransportAuthor:The Crown's investment in Air New Zealand, part 2 In part 1 of this article, I estimated that the Crown has received a return of 8.4% per year from its shareholding in Air New Zealand, based on an... -
The Crown's Investment in Air New Zealand: part 1 of 3
Posted: 16 May 2016Topic: Financial markets, Government shareholding, Investment, Prices, Shares, State owned enterprises, TransportAuthor:On 18 January 2002, the New Zealand Government invested $892 million in Air New Zealand, giving the Crown an 82% ownership stake in the company. A further $149 million was invested in Air New... -
Chinese-New Zealand investment flows
Posted: 4 May 2016Topic: Assets, Banks, Capital, Capital movements, Economic integration, Exports, Financial markets, International finance, International investment, Investment, ProtectionismAuthor:Modelling an illustrative scenario of Chinese capital market liberalisation suggests Chinese-NZ investment flows will increase significantly over the next few decades and most of the increase in...