Stephen Grenville

The TPP is still alive and Australia will likely sign

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The main threat to the TPP doesn't come from deadlocked negotiations about milk, cars or pharmaceuticals -- it's the US electoral cycle.

The IMF belatedly rethinks austerity

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A new paper reveals that the widespread and indiscriminate shift to budget tightening in the wake of the financial crisis resulted in a feeble recovery.

Australians deserve more detail on the China FTA

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Investor-State Dispute Settlements are not something to be bargained away in exchange for a supposed export advantage.

The rise of the renminbi

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The internationalisation of the renminbi is gathering pace, but how long can the US stand in its way?

The shifting sands of the economic inequality debate

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The growth in wealth disparity over recent decades has reignited the economic debate about inequality.

Are China’s shadow banks going to bring the economy down?

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The rapid expansion of China's shadow banking system should be seen as a phase in the ongoing development of the country's finances.

Should Australia join the Asian Infrastructure Investment Bank?

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The US is concerned about China's growing influence in Asia but with the UK and New Zealand confirming they will join the bank, the pressure is on for Australia to sign up.

Will the Trans-Pacific Partnership be a good deal for Australia?

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With negotiations at a critical stage and the potential ramifications for our economy so large, it is surprising how little public debate there has been concerning this trade deal.

Did the G20 go far enough on financial stability?

The G20's stipulation of new and substantial capital requirements for large banks is a positive step, but more needs to be done to ensure the safety of the global financial system.

The IMF switches sides on infrastructure spending

The fund argues that the time is right for an infrastructure push to spur flagging growth.

Australia's strange fixation with state-owned enterprises

There's more to foreign investment regulation than placing limits on government-owned firms.

The folly of fearing SOEs

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The market is a powerful operational framework for a successful economy, but successful economies have often found an important place for government-owned enterprises as well.

Why credit ratings agencies don't make the grade

Despite credit ratings agencies' poor record of endorsements during the GFC and the European debt crisis, they still wield considerable influence over financial decision-making.

The limits of the 'Great Convergence'

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The potential for poorer economies to catch up to richer ones has long been a dominant economic narrative, but an OECD report suggests that outcome may prove elusive for some emerging countries.

The lessons for the IMF in Argentina's debt drama

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The US Supreme Court's ruling against Argentina over sovereign immunity fails to recognise that a nation's debt problem is a burden shared by the debtor and its creditors. A sensible restructuring framework is needed.

What to make of the IMF's watershed?

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Emerging countries are now larger than advanced economies in one important respect, according to the IMF's World Economic Outlook. But behind the Fund's forecasts there's a far more nuanced story.

What Abbott's business delegation can learn in Asia

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Delaying FTAs with Japan and China would not mean a failed Asian tour for the Prime Minister, especially if the members of his business delegation recognise the enormity of the Asian economic relationship.

Why China is unlikely to have a 'Lehman moment'

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If you're waiting for a 2008-like financial crash in China, expect to wait a long time.

How not to bail out a country

Emergency bailouts are still creating moral hazard for both debtor and creditor countries. Taxpayers are bearing the long-term cost, while bondholders walk away unscathed.

Why the TPP needs China

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Obama's TPP is in trouble. He should persevere, and push for a truly comprehensive deal that includes China.

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