Dr Stephen Grenville AO
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
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Biography
Publications
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.
Taming international capital flows
Emerging economies have borne the brunt of “easy money” economics, but past wisdom is catching up.
International debt: Time for a global restructuring framework
In domestic bankruptcy, a specialised institution settles creditors. Why can’t this be the case for emerging economies?
Commentary
Bond maturity mismatch shows why near zero rates a serious error
In time, we may come to wonder why the chief architect of the policy that has created the painful imbalances in bank balance sheets – Ben Bernanke – won the Nobel Prize…
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.
