Monash economics graduate secures top Canadian post

Monash University alumnus Frank Milne has been appointed to the prestigious position of special adviser of the Bank of Canada, Canada's equivalent of the Reserve Bank of Australia.

Professor Milne, currently BMO Professor of Economics and Finance in the Department of Economics at Queen's University in Ontario, has been appointed a special adviser for 2008-09.

Announcing the appointment, the Bank of Canada said the position of special adviser had been created to bring additional perspectives to monetary policy discussions.

"(Professor Milne) will examine issues related to the recent turbulence in global financial markets," the Bank of Canada said.

"His current areas of research include asset and derivative pricing, theory of the firm and management control mechanisms, non-standard preferences, and theory and public policy issues dealing with banking and financial intermediation."

Professor Milne holds an MA and a BA in economics, both from Monash University. He completed his PhD at the Australian National University.

Professor Milne has authored a book, published papers and book reviews in many journals, and participated in numerous policy conference presentations. He has been a member of the editorial board of Mathematical Finance since 1991.

The Bank of Canada’s announcement of Professor Milne's appointment can be found at: www.bank-banque-canada.ca/en/press/2008/pr08-13.html