title: A time-varying beta approach to measuring New Zealand's country risk

authors: Tourani-Rad, Alireza

subjects: international investments

abstract: Purpose – The purpose of this paper is to estimate New Zealand's country level risk using a time-varying country beta market model. Country beta is allowed to vary as a function of several macro-economic variables, including the net government overseas borrowing, 90-day bill rate, ten-year bill rate, wool price, trade-weighted index, manufacturers’ price index, retail trade, current account balance, and money supply. 
Design/methodology/approach – Multivariate regression analysis is used to test the relation between country volatility and the macro-economic variables for the period September 1985 to March 2000. 
Findings – It is found that the US dollar exchange rate (USD) and the monetary conditions index (MCI) have a significant impact on New Zealand's country beta. The temporal variance of New Zealand's country beta displayed a great deal of volatility prior to and immediately following the 1987 stock market crash. The beta was far less volatile during the 1990s. 
Research limitations/implications – The variable set is restricted by the availability of data concerning the key macro-economic statistics. 
Practical implications – Risk at the country level is of increasing importance in the evaluation of offshore investments. Practical implications relate to the evaluation of investments in foreign markets, specifically the appropriate cost of capital, given increased integration of financial markets. 
Originality/value – The study provides a better appreciation of the relationship between the country beta and several macro-economic variables that has not been applied to the New Zealand economy before.

text: A time-varying beta approach to measuring New Zealand's country risk Purpose – The purpose of this paper is to estimate New Zealand's country level risk using a time-varying country beta market model. Country beta is allowed to vary as a function of several macro-economic variables, including the net government overseas borrowing, 90-day bill rate, ten-year bill rate, wool price, trade-weighted index, manufacturers’ price index, retail trade, current account balance, and money supply. 
Design/methodology/approach – Multivariate regression analysis is used to test the relation between country volatility and the macro-economic variables for the period September 1985 to March 2000. 
Findings – It is found that the US dollar exchange rate (USD) and the monetary conditions index (MCI) have a significant impact on New Zealand's country beta. The temporal variance of New Zealand's country beta displayed a great deal of volatility prior to and immediately following the 1987 stock market crash. The beta was far less volatile during the 1990s. 
Research limitations/implications – The variable set is restricted by the availability of data concerning the key macro-economic statistics. 
Practical implications – Risk at the country level is of increasing importance in the evaluation of offshore investments. Practical implications relate to the evaluation of investments in foreign markets, specifically the appropriate cost of capital, given increased integration of financial markets. 
Originality/value – The study provides a better appreciation of the relationship between the country beta and several macro-economic variables that has not been applied to the New Zealand economy before.

year: 2006

title: Aerobiology Over Antarctica - A New Initiative for Atmospheric Ecology

authors: Pearce, David A.

subjects: Science & Technology

abstract: The role of aerial dispersal in shaping patterns of biodiversity remains poorly understood, mainly due to a lack of coordinated efforts in gathering data at appropriate temporal and spatial scales. It has been long known that the rate of dispersal to an ecosystem can significantly influence ecosystem dynamics, and that aerial transport has been identified as an important source of biological input to remote locations. With the considerable effort devoted in recent decades to understanding atmospheric circulation in the south-polar region, a unique opportunity has emerged to investigate the atmospheric ecology of Antarctica, from regional to continental scales. This concept note identifies key questions in Antarctic microbial biogeography and the need for standardized sampling and analysis protocols to address such questions. A consortium of polar aerobiologists is established to bring together researchers with a common interest in the airborne dispersion of microbes and other propagules in the Antarctic, with opportunities for comparative studies in the Arctic.

text: Aerobiology Over Antarctica - A New Initiative for Atmospheric Ecology The role of aerial dispersal in shaping patterns of biodiversity remains poorly understood, mainly due to a lack of coordinated efforts in gathering data at appropriate temporal and spatial scales. It has been long known that the rate of dispersal to an ecosystem can significantly influence ecosystem dynamics, and that aerial transport has been identified as an important source of biological input to remote locations. With the considerable effort devoted in recent decades to understanding atmospheric circulation in the south-polar region, a unique opportunity has emerged to investigate the atmospheric ecology of Antarctica, from regional to continental scales. This concept note identifies key questions in Antarctic microbial biogeography and the need for standardized sampling and analysis protocols to address such questions. A consortium of polar aerobiologists is established to bring together researchers with a common interest in the airborne dispersion of microbes and other propagules in the Antarctic, with opportunities for comparative studies in the Arctic.

year: 2016-02-16

title: He whakaemi kōrero mō Ngā Ruahine

authors: Manuirirangi, Hōri

abstract: Ko te whāinga o tēnei tuhingaroa, hei whakaemi kōrero mō Ngā Ruahine. I whāia e au te āhua o te tipu o te rākau hei hanga i aku kōhinga kōrero mō Ngā Ruahine. Ko te ūpoko tuatahi, ko ngā pakiaka, arā te tīmatatanga o Ngā Ruahine. I konei ka tirohia ngā kōrero mō ngā waka tawhito mete whakapapa hoki o ngā tūpuna tāngatawhenua o Ngā Ruahine. Whai muri i tēnā, he wāhanga e pā ana ki te haeretanga mai o Aotea waka, ā, ka tirohia hoki tētehi kōrero tawhito mō te wehenga o ngā iwi o Aotea.
Mai i ngā pakiaka ka piki ake ki te tinana o te rākau. Koinei te wāhanga e pā ana ki ngā korero whenua o Ngā Ruahine. Kei te ūpoko tuarua nei, ka āta tirohia ngā kōrero mō ngā tongi o te rohe o Ngā Ruahine, me ngā take kōrero e whakawhanaunga ana i te tangata ki te whenua. Kei te ūpoko tuarua anō hoki ētehi whakaaturanga whenua mō te rohe o Ngā Ruahine, hei āwhina i te kaipānui.  
Mai i te tinana, ka aro atu ki ngā peka o te rākau i raro i te ūpoko tuatoru. Koinei te wāhanga nui o tēnei tuhingaroa, nā te tokomaha o ngā toronga o ngā peka nei. I roto i te ūpoko tuatoru, ka tirohia ētehi kōrero mō ia hapū o Ngā Ruahine. Mai i ngā kōrero mō ngā rohe whenua o ia hapū, ki ngā kōrero mō ngā marae me ngā pā tawhito o ērā hapū, ā, tae atu hoki ki ngā tūpuna rongonui me ā rātou mahi whakaari.  
Hei te mutunga, ka herea katoatia ngā kōrero o te tuhinga nei i raro i te ūpoko tuawhā, kia kite ai , he aha ngā hua e pūawai ai i tēnei tuhinga. Koinei te whakamutunga o ngā kōrero, arā ko te whakakapīnga o ngā kōrero.  
Ko tēnei tuhingaroa, he whakaemi kōrero mai i ngā kaumātua o Ngā Ruahine, ā, he mea tango mai hoki ētehi kōrero i ngā pukapuka, ko ēnei kōrero kua whakatakotoria i roto i tēnei tuhingaroa hei whakawhāriki iho ki te aroaro o te tini. Ko te tūmanako, he tuhinga rangahau tēnei hei āwhina i ngā rangatahi o Ngā Ruahine, kia rongo ai rātou i ngā kōrero kāore i te tino rangona i ēnei rā, kia mau hoki ngā kōrero a ngā kaumātua o Ngā Ruahine, kei ngaro. Erangi, he whakamōhio tēnei, he tīmatanga anahe tēnei tuhingaroa mō te kaupapa nei. Ko te tūmanako, he hua anō ka puta i tēnei rangahau, hei whāngai i ngā manu hiakai o Ngā Ruahine.

text: He whakaemi kōrero mō Ngā Ruahine Ko te whāinga o tēnei tuhingaroa, hei whakaemi kōrero mō Ngā Ruahine. I whāia e au te āhua o te tipu o te rākau hei hanga i aku kōhinga kōrero mō Ngā Ruahine. Ko te ūpoko tuatahi, ko ngā pakiaka, arā te tīmatatanga o Ngā Ruahine. I konei ka tirohia ngā kōrero mō ngā waka tawhito mete whakapapa hoki o ngā tūpuna tāngatawhenua o Ngā Ruahine. Whai muri i tēnā, he wāhanga e pā ana ki te haeretanga mai o Aotea waka, ā, ka tirohia hoki tētehi kōrero tawhito mō te wehenga o ngā iwi o Aotea.
Mai i ngā pakiaka ka piki ake ki te tinana o te rākau. Koinei te wāhanga e pā ana ki ngā korero whenua o Ngā Ruahine. Kei te ūpoko tuarua nei, ka āta tirohia ngā kōrero mō ngā tongi o te rohe o Ngā Ruahine, me ngā take kōrero e whakawhanaunga ana i te tangata ki te whenua. Kei te ūpoko tuarua anō hoki ētehi whakaaturanga whenua mō te rohe o Ngā Ruahine, hei āwhina i te kaipānui.  
Mai i te tinana, ka aro atu ki ngā peka o te rākau i raro i te ūpoko tuatoru. Koinei te wāhanga nui o tēnei tuhingaroa, nā te tokomaha o ngā toronga o ngā peka nei. I roto i te ūpoko tuatoru, ka tirohia ētehi kōrero mō ia hapū o Ngā Ruahine. Mai i ngā kōrero mō ngā rohe whenua o ia hapū, ki ngā kōrero mō ngā marae me ngā pā tawhito o ērā hapū, ā, tae atu hoki ki ngā tūpuna rongonui me ā rātou mahi whakaari.  
Hei te mutunga, ka herea katoatia ngā kōrero o te tuhinga nei i raro i te ūpoko tuawhā, kia kite ai , he aha ngā hua e pūawai ai i tēnei tuhinga. Koinei te whakamutunga o ngā kōrero, arā ko te whakakapīnga o ngā kōrero.  
Ko tēnei tuhingaroa, he whakaemi kōrero mai i ngā kaumātua o Ngā Ruahine, ā, he mea tango mai hoki ētehi kōrero i ngā pukapuka, ko ēnei kōrero kua whakatakotoria i roto i tēnei tuhingaroa hei whakawhāriki iho ki te aroaro o te tini. Ko te tūmanako, he tuhinga rangahau tēnei hei āwhina i ngā rangatahi o Ngā Ruahine, kia rongo ai rātou i ngā kōrero kāore i te tino rangona i ēnei rā, kia mau hoki ngā kōrero a ngā kaumātua o Ngā Ruahine, kei ngaro. Erangi, he whakamōhio tēnei, he tīmatanga anahe tēnei tuhingaroa mō te kaupapa nei. Ko te tūmanako, he hua anō ka puta i tēnei rangahau, hei whāngai i ngā manu hiakai o Ngā Ruahine.

year: 1998