Start your brilliant career with a degree from Australia's #1 ranked university.


Find contact details for any general enquiries.

Engage with us

Find contact details for any general enquiries.

Study with us

Our graduates gain the knowledge and skills to lead organisations, develop public policy, create new companies and undertake research.

Our research

Our research is focused on issues that are highly significant for organisations, the Australian economy, and society at large.

Current Students

Whether you're a new or continuing student, you can find everything you need here about managing your program and the opportunities available to you.


Our alumni may be found in the world’s leading companies, policy agencies and universities.

Contact us

Find contact details for any general enquiries.

John Swieringa, PhD in Finance

John Swieringa

PhD in Finance

PhD in Finance '13

Manager, Market Operations, Reserve Bank of Australia

What influenced your decision to undertake a PhD with the ANU College of Business and Economics?

I chose to study at the ANU because of the calibre of the academics in the faculty.

I sought out two staff members I already had strong academic relationships with towards the end of my Honours year. But I subsequently found that there would have been little trouble finding other great academics to work with.

What was your research focus and findings?

My research focused on the nature of price discovery in markets—the process by which information becomes impounded in security prices—and the ways in which information is reflected in volatility across markets.

In particular, I looked at the relatively new emission allowance and energy markets in Europe, though the methodologies employed in my research are applicable more broadly.

My main findings highlight the importance of transaction costs as an impediment to the price discovery process and the advantages of well traded futures contracts compared with physical commodities in this respect.

My findings on the volatility linkages between these markets showed that, despite the direct economic linkages between coal, natural gas and emission allowances stemming from the scope of coverage of the European Union Emissions Trading System, developments in the vastly more liquid crude oil market have a greater impact on price changes in all these markets.

How has your PhD experience assisted with your career?

I’m currently a manager in the Market Operations section of the Reserve Bank of Australia. Although this is predominantly an operational area of the Bank tasked with implementing monetary policy, my PhD has assisted me in helping to set and monitor the section’s research agenda.

In particular, some of the research in my thesis on North Sea (Brent) crude oil futures contracts, which have problems associated with a lack of physical deliverability, has had applications in our section’s research on Australian government bond futures.

I would recommend ANU to potential PhD candidates for the depth of supervisory talent and the great resources available.

Hear from some of our other students


Updated:   6 March 2019 / Responsible Officer:  CBE Communications and Outreach / Page Contact:  College Web Team