Ngee Ann-Adelaide Education Centre
Business Forum 2010

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Programme Highlights

Keynote Presentation

Interest rates are one of the key monetary policy variables and are important for the investors. The term structure of interest rates, as captured in a yield curve, defines the behavior of interest rates over the maturities of interest bearing securities at a particular point in time.

The shape of the yield curve at any time reveals the expectations about the future (direction) of the interest rates and the macroeconomic conditions. The shape, the level and volatility of the yield curve respond promptly to the uncertainty arising from financial crises. Thus, the inter-temporal movements of the government securities’ yield curve serve as a closely watched financial barometer.

In an era of interconnected financial markets, isolated, contained or domestically inclined financial crises of the past exhibit currently increasing contagion. Thus, this presentation will examine the behavior of interest rates in Singapore between 1999 and 2009. There are two financial crises that have put their signatures on this period. The attacks on New York City’s twin towers on September 11, 2001 is an exogenous shock for Singapore while the global financial crisis, which has been effective since at least mid 2007, has implications for being an endogenous shock for all economies in the world.

Concluding discussion will offer presenter’s views on the future of the interest rates in Singapore in the near future.

About the Speaker

Professor Dogan TIRTIROGLU is a Professor of Finance and the Chair in Banking at the Business School, the University of Adelaide since June 1, 2008. He earned his Ph.D. in Finance from the University of Connecticut in 1991 and held various academic posts at the University of Massachusetts-Dartmouth in USA, Salisbury University in USA, Concordia University in Canada, and Cambridge University in UK between 1990 and 2008. He is a fellow of the Homer Hoyt Advanced Studies Institute in USA.

Professor TIRTIROGLU has wide research interests, mainly in banking, corporate finance and real estate finance. Both graduate (MBA, MSc and MPhil) and undergraduate level courses comprise of his teaching portfolio. He has supervised the theses of several post-graduate students and presented numerous papers at various international meetings.

The Panel

		Moderator Associate Professor Barry Burgan Head of Business School The University of Adelaide			Keynote Speaker Professor Dogan Tirtiroglu Chair of Banking, Business School The University of Adelaide
		Loh Hoon Sun Managing Director Phillip Securities Pte Ltd President Australian Alumni Singapore			Guan Ong Principal Blue Rice Investment Management
		Patrick Yeo CFA, Senior Vice President and Head of Fixed Income Fullerton Fund Management Company			Chow Penn Nee Economist United Overseas Bank

Organizer

Ngee Ann - Adelaide Education Centre (NAAEC) is a partnership between Ngee Ann Kongsi and The  University of Adelaide, established since 1998.  As the offshore campus of the University, NAAEC offers both Postgraduate and Undergraduate programs, and has graduated more than 2000 students since its establishment. 

 

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