Stephen Grenville
Nonresident Fellow
Areas of expertise
Regional economic integration; Australia's economic relations with East Asia; international financial flows and the global financial architecture; financial sector development in East Asia

Biography
Publications
News and media
Dr Grenville is a Nonresident Fellow at the Lowy Institute. He works as a consultant on financial sector issues in East Asia. Between 1982 and 2001 he worked at the Reserve Bank of Australia, for the last five years as Deputy Governor and Board member. Before that, Dr Grenville was with the Organisation for Economic Co-operation and Development in Paris, the International Monetary Fund in Jakarta, the Australian National University and the Department of Foreign Affairs.

Commentary
The economic case for building nuclear subs offshore not in Adelaide
There is no point in strengthening our defence industry if we weaken the overall economy by doing so inefficiently. Originally published in the Australian Financial Review.

Commentary
The rise of financial engineering to hedge against market panic
Originally published in The Australian.

Capital flows to emerging economies
The International Monetary Fund’s “free-market” view is questioned by economists, who argue for policy intervention.
Commentary
A super-profits tax on resources could repair budget
Originally published in The Australian.

US monetary policy: the ripple effect
A new book probes the inner workings – and functional failures – of America’s enigmatic central banking system.

History lessons from “The Great Crash”?
Optimists always get more airplay than spoilsports predicting an end to the good times. But hindsight tells all.

Twenty years of BRICS
As analysis by acronym, it has been a stunning success. But for reorganising global economic governance?

Covid and the failure of global cooperation
The general public has never bought the line that international aid is in the self-interest of donors.

A rank index or a politicised process? The IMF and trouble at the top
The IMF chief rejects fudging China’s ranking on a flagship index. Her fate won’t change the institution’s character.
The Australian Financial Review
05 March 2023
Sydney Morning Herald
20 January 2018
Sydney Morning Herald
02 October 2017