The early trapezitai (moneylenders) of Greece are credited with offering the first rudimentary payment system, in which a credit note given to a trader in one Greek port could be cashed with a moneylender in another, thus transferring funds (Lopez, 1979). Today, the provision of a payment system...

Many would judge the privatisation program which was a significant feature of the New Zealand Experiment of the 1980's and 90's, in which both Labour and National governments adopted extreme right wing policies, a failure. In looking at the privatisation of state assets we find they were, at...

New Zealanders once aspired to home ownership, for many that dream has now been shattered. This paper examines house price inflation in New Zealand, comparing the relationship between the Official Cash Rate and bank mortgage interest rates. We examine the degree of pass through, from the OCR to...

This paper examines the development of savings banks in New Zealand from 1846 through to 1908 and the role they played in the new colony. As part of the British Empire, New Zealand savings banks were modelled on the savings bank initially established by Duncan in Dumfriesshire in 1810. The...

This paper addresses corporate governance issues around the use of celebrity independent directors in closely held financial institutions. The authors employ the failure of Lombard Finance, a closely held New Zealand finance company to illustrate the agency conflict between directors, who were...

We argue that in the short history of New Zealand banking, political experimentation, based at first upon socialist ideology of the 1940's led to the nationalisation of The Bank of New Zealand (BNZ), followed by a period of neo-liberalism in the 1980's and early 1990's in which the bank was...

Purpose – This paper aims to argue that in the short history of New Zealand banking, political experimentation, based at first upon socialist ideology of the 1940s led to the nationalisation of The Bank of New Zealand (BNZ), followed by a period of neo‐liberalism in the 1980s and early 1990s...