Issue 10 April 2003
In this issue are the following articles:
Price regulation: Moving with the Times
Modern economies call for modern regulatory arrangements, argues ISCR's Prof Lewis Evans. There's no place for mechanisms such as Telecom's Kiwi Share in the 21st century.
Oh no it's raining again!
But cricket fans didn't worry, as new economics-based research promises to make those annoying interruptions a whole lot fairer. Steen Videbeck explains.
Author:
Steen Videbeck
Cheques and balances in New Zealand and Italy
Over the last few years there's been in upsurge in interest in the role played by financial markets spurring economic development. Although there is no clear way of identifying the separate effects of equity and loan capital markets on the level of investment and growth of an economy, studying particular markets is useful and we can learn much about the performance of New Zealand markets from comparisons with other countries. Girgio Calcagini compares New Zealand and Italian banking markets.
Author:
Giorgio Calcagnini
Legal certainty at a cost
Until recently it was possible for a foreign bank to operate in New Zealand through a branch of the parent bank rather than through an entity incorporated in New Zealand. The Reserve Bank has now removed this option for foreign banks operating in New Zealand. If a bank has more than $200 million of retail deposits or $10 billion of wholesale deposits in New Zealand, it must incorporate in New Zealand. Neil Quigley questions this move to mandatory local incorporation.
Courting the environment
The Resource Management Act of 1991 dramatically altered environmental management in New Zealand. For the first time, legislation provided a framework for decentralized decisionmaking about the environment and resource use, with the Environment Court being an integral part of this framework. Richard Hawke from Victoria University's Earth Sciences is examining the use of the Environment Court proceedings as an instrument of competition. In this, the first of two articles, he outlines the importance of the framework.
Author:
Richard Hawke
Can't see the trees for the forest?
With climate change and the Kyoto Protocol being issues of such global importance, it is easy to lose sight of the fact that Kyoto's success will depend on the decisions made by individuals. Dinesh Kumareswaran investigates how the protocol will affect individual forest owners.
Author:
Dinesh Kumareswaran
Best practice broadband for business
It's happening here in New Zealand, writes Bronwyn Howell.
