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Mark Crosby

Associate Professor of Economics, Monash University
In October 2016 Mark Crosby joined Monash University as the Director of the Bachelor of International Business degree. Mark was attracted to this role because of the chance to build a truly innovative new degree. A new campus was completed in 2015 to support a fully "flipped" teaching approach, and an emphasis on understanding the Asian region is another key strength of this program. Prior to joining Monash Mark spent most of the previous 15 years at Melbourne Business School, with a brief stint in Singapore in 2011 and 2012. At MBS Mark's roles included Associate Dean (International), Associate Dean (Students) and Director of the School's Executive MBA program.

Prior to joining MBS Mark worked as an academic at the University of Melbourne, the University of New South Wales, and at the University of Toronto, and as a Research Officer at the Australian Treasury in Canberra.

His academic interests are in international macroeconomics, with particular interest in policy issues in the Australian and Asian regions. His published research has covered topics such as the role of exchange rates in affecting macroeconomic fluctuations, the impact of macroeconomic factors on election outcomes, and the properties of business cycles.

Mark has acted as a consultant to the Hong Kong Monetary Authority and to the Monetary Authority of Singapore on a number of projects since 1998, and he has an ongoing Research Fellowship position at the HKMA. He also consults widely to business and government both in Australia and overseas. His most recent consultancies have examined policies for diversifying Brunei's economy, and policy issues related to South Africa's increasing current account deficit.

Mark is also a regular contributor to the Australian Financial Review and The Age newspapers, and he is a sought after public speaker on matters relating to the macroeconomy.

Heading on an overseas holiday? The Australian dollar tumbled this week – but that’s not bad news for everyone

Dec 22, 2024 07:38 am UTC| Insights & Views Life

This week, the value of the Australian dollar fell to 62 US cents, its lowest level since October 2022. The acute cause? A revelation by the United States Federal Reserve that it expected interest rates to bottom out at...

What is an inverted yield curve? Why is it panicking markets?

Aug 19, 2019 01:23 am UTC| Insights & Views Economy

Since President Trump tweeted about imposing new tariffs on China, global equity markets have gone into a tailspin. Trumps more recent announcement that the new tariffs would be delayed has not calmed the markets, with...

On rate-cut Tuesday, here are four reasons why the Reserve Bank shouldn't jump

May 07, 2019 03:08 am UTC| Insights & Views Central Banks

Every first Tuesday of every month but January the Reserve Bank Board meets to decide whether to adjust interest rates. It announces its decision at 2.30 pm eastern time. It ought to be an easy decision. Officially, the...

Economy

US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low

The U.S. dollar strengthened on Wednesday as fresh economic data reinforced expectations that the Federal Reserve could keep interest rates elevated. Investors also assessed remarks from Fed Chair Kevin Warsh, while the...

Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data

Asian currencies mostly weakened on Wednesday as the U.S. dollar remained resilient, while the Japanese yen hovered near its weakest level in nearly four decades, keeping traders alert for potential intervention by...

Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data

Asian stock markets traded mixed on Wednesday, with South Korean equities leading regional losses as investors locked in profits after an exceptional second-quarter rally. Meanwhile, stronger manufacturing data from Japan...

Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus

Oil prices edged higher on Wednesday as uncertainty surrounding U.S.-Iran peace negotiations continued to support crude markets, even as record U.S. oil production pointed to improving global supply. Traders remained...

Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels

Gold prices extended their losses during Asian trading on Wednesday, with bullion hovering near an eight-month low after recording its steepest quarterly decline in 13 years. Growing expectations that the Federal Reserve...

Politics

JD Vance Criticizes Vatican on Immigration, Defends Trump Border Policies

U.S. Vice President JD Vance said he disagrees with the Vaticans position on immigration, calling some of its recent comments troubling after Pope Leo repeatedly criticized President Donald Trumps immigration policies and...

U.S. Military Expands Venezuela Earthquake Relief Mission as Troop Presence Tops 900

The United States has significantly expanded its military presence in Venezuela to support humanitarian relief efforts following last weeks devastating earthquakes, with more than 900 U.S. personnel now operating inside...

Ukraine Preparing for Possible Russian Offensive From Bryansk, Military Chief Says

Ukraine is preparing for a possible new Russian offensive from the countrys northern border, although a direct assault on Kyiv is considered unlikely, according to Ukraines top military commander, Oleksandr Syrskyi....

Trump Prioritizes Iran Diplomacy Over Military Action as Nuclear Talks Continue

President Donald Trump has decided to keep diplomatic negotiations with Iran on track for now, despite recently reviewing options for renewed large-scale military action, according to a Wall Street Journal report citing...

UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap

United Nations Secretary-General Antonio Guterres has appealed to member states to urgently fill a $100 million funding gap facing the U.N. Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), warning...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls

Anthropic announced late Tuesday that the U.S. government has lifted export restrictions on its Claude Fable 5 and Mythos 5 artificial intelligence models, allowing the company to begin restoring user access starting...

South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine

South Koreas antitrust regulator has accused Alphabets Google of abusing its dominant position in the Android app marketplace, a move that could result in a significant financial penalty and new corrective measures if the...

Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox

Microsoft is reportedly preparing another round of job cuts as the technology giant continues to reduce costs while increasing investment in artificial intelligence, according to a Business Insider report published...

Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism

Chip-equipment stocks surged on Tuesday after reports that South Koreas semiconductor leaders, Samsung Electronics and SK Hynix, plan to invest up to $1.3 trillion in new semiconductor manufacturing projects, reinforcing...

Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts

Nvidia (NASDAQ: NVDA) shares rebounded on the final trading day of the quarter after bullish supply-chain research from independent semiconductor firm SemiAnalysis suggested the AI chipmakers data center business could...