Global Economic Governance
Toward more stable capital flows
Globalisation has received a bad rap lately, being blamed for lost jobs, depressed wages, rising income inequality, Brexit, and the election of Donald Trump. As the European…
Trans-Pacific Partnership in doubt, but does it matter?
The Peterson Institute in Washington has published a report on the international trade policies enunciated by the two US presidential candidates during their campaigns. Its…
If you want my opinion...
G20 summits are a busy time for scholars of global economic governance. There is a surprisingly small pool of us around the world who look at these issues day in, day out, and…
Commentary
Asian central banks should 'keep calm and carry on'
Originally published in the Nikkei Report. Stephen Grenville
Capital controls: Australia still needs an Iceland option
I was happy to see Acting Deputy Secretary Justin Brown elaborate on the Department of Foreign Affairs and Trade's thinking in regard to the Trans-Pacific Partnership (TPP) last…
Fed rate hike: time now for central banks to go back to basics on monetary policy
Ever since the 'taper tantrum' in May 2013, global financial markets have been on tenterhooks, anxiously anticipating the first increase in US interest rates in almost a decade…
IMF reforms pass Congress but too late to salvage US leadership credentials
The US Congress has finally passed long awaited IMF governance reforms. President Obama claimed it as a victory for the White House that will strengthen 'America's leadership of…
Australia and the US: good friends can sometimes differ in global economic diplomacy
It's not often that Canberra's senior bureaucrats provide a sustained critique of the functioning of global economic diplomacy. But Martin Parkinson did just that a week ago in…
China's Belt and Road initiative likely to bypass Australia
China's Belt and Road initiative – a vast array of promised Chinese investments in transport, energy and communications across Eurasia and Africa – is emerging as…
'The Courage to Act': What Bernanke saw at the global financial crisis
Ben Bernanke was a member of the US Federal Reserve Board in the tumultuous period from 2002 until 2014 and Chairman from 2006 to 2014. His version of this period is told in The…