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John Hawkins1

Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
I have a PhD in political science and Masters degrees in Economics and Applied Finance. I have headed the economics division at the Hong Kong Monetary Authority and been a senior economist with the Reserve Bank of Australia, Bank for International Settlements and Australian Treasury and secretary to the Senate Economics Committee.

Central Banking Series

The Reserve Bank of Australia will now have a separate board just to set interest rates. Here’s why that’s significant

Dec 02, 2024 05:10 am UTC| Central Banks Economy

On Thursday night, after a whirlwind day in Canberra, the Senate finally passed the federal governments long-delayed amendments to the Reserve Bank Act. The reforms will create two separate boards for the Reserve Bank...

Digital Currency Revolution

Will digital currencies become the norm as the world moves towards a cashless society?

Jul 03, 2024 14:19 pm UTC| Insights & Views Digital Currency

More than 90% of the worlds central banks are looking at introducing a central bank digital currency (CBDC), to complement existing banknotes. What is a central bank digital currency? A CBDC is not a new currency. It...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Apr 25, 2024 06:06 am UTC| Insights & Views Economy

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Interest rates are expected to drop but trying to out-think the market won’t guarantee getting a good deal

Mar 07, 2024 07:38 am UTC| Insights & Views Economy

With most economists expecting interest rates to start falling later this year, prospective home buyers might be weighing up whether to buy now for fear of strong competition for stock, or waiting until repayments are...

Chalmers changes tack as economic growth sinks to a new post-pandemic low

Mar 06, 2024 22:48 pm UTC| Insights & Views Economy

Wednesdays national accounts show economic activity barely grew during the three months to December, climbing just 0.2%. Thats the lowest growth rate in four quarters, each of which was lower than the one before...

Happy birthday AUD: how our Australian dollar was floated, 40 years ago this week

Dec 04, 2023 12:29 pm UTC| Economy Insights & Views

These days, we take for granted that the value of the Australian dollar fluctuates against other currencies, changing thousands of times a day and at times jumping or falling quite a lot in the space of a week. But for...

Digital Currency Revolution

Sam Bankman-Fried convicted for massive FTX fraud, in stark reminder of risks of crypto trading

Nov 04, 2023 03:41 am UTC| Law Digital Currency

It is not just crypto tokens that have spectacular downfalls. So can crypto personalities. Sam Bankman-Fried founded FTX, one of the worlds largest exchanges for so-called cryptocurrencies, which collapsed last year...

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Economy

Vietnam Stocks Join FTSE Emerging Market Indexes, Unlocking Billions in Foreign Investment

Vietnamese stocks officially joined FTSE Russells emerging market indexes on Monday, marking a major milestone for Vietnams stock market after years of reforms designed to improve market access and attract foreign...

Gold Prices Hold Steady Ahead of Trump-Xi Summit, Middle East Risks

Gold prices were largely unchanged in Asian trading on Monday as investors remained cautious ahead of high-level U.S.-China talks while continuing to monitor geopolitical tensions in the Middle East. Spot gold traded...

Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets

The Japanese yen remained the center of attention in currency markets on Monday after last weeks sharp decline fueled speculation that Tokyo could intervene to support the currency. Investors were also reassessing the...

France Debt-to-GDP Ratio Seen Hitting Record 119.3% in 2026

Frances public debt is projected to climb to a record 119.3% of gross domestic product in 2026 as the government struggles to contain its budget deficit and restore confidence in the countrys finances. The French finance...

US-China Talks Target AI, Tariffs Ahead of Trump-Xi Summit

U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng began high-level talks in New York on Sunday, seeking progress on artificial intelligence, tariffs and critical minerals ahead of this weeks summit...

Politics

Trump-Xi Summit Puts Trade Truce and Taiwan in Focus

U.S. President Donald Trump and Chinese President Xi Jinping will meet in Washington on September 24, with expectations for a major breakthrough limited as both leaders focus on preserving stability in U.S.-China...

Denmark Says Greenland Sovereignty Protected in US Military Deal

Denmark has insisted that its sovereignty over Greenland will remain intact under an emerging agreement with the United States that could significantly expand the American military presence on the strategically important...

Trump Open to Pezeshkian Meeting as Iran Tensions Escalate

U.S. President Donald Trump said he is open to meeting Iranian President Masoud Pezeshkian during this weeks United Nations General Assembly in New York, even as tensions between Washington and Tehran remain elevated. Fox...

Michelle Bachelet Withdraws From UN Secretary-General Race

Former Chilean President Michelle Bachelet has withdrawn her candidacy to become the next United Nations secretary-general, ending her campaign after failing to secure sufficient support among members of the UN Security...

North Korea Fires Two Ballistic Missiles From Wonsan

North Korea fired two short-range missiles from its eastern coast on Sunday, marking its second round of missile tests in roughly a week as tensions rise over US-led military exercises in the region. South Koreas military...

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

SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment

SoftBank Group Corp. has launched a major bond offering worth $10 billion and 1 billion to finance its latest investment in OpenAI, according to a term sheet released Monday. The Japanese technology investment group is...

Trump Plans Federal AI Force and AI Czar

U.S. President Donald Trump said Saturday that he plans to create a federal AI Force and appoint an artificial intelligence czar, outlining an effort to accelerate U.S. AI development while using existing laws to address...

SpaceX Nasdaq 100 Weight to More Than Double in Rebalance

SpaceX is set to gain significantly more influence in the Nasdaq 100 Index when the benchmark completes its quarterly rebalance on Monday, with the companys weighting expected to more than double. According to Bloomberg,...

Westinghouse Targets $50 Billion Valuation in U.S. IPO

Westinghouse Electric Co. is seeking a valuation of more than $50 billion for its planned U.S. initial public offering, as the nuclear technology company moves closer to a public market debut amid growing interest in...

NASA, Boeing Discuss Expanding Starliner Missions

NASA is holding discussions with Boeing about expanding the use of its Starliner spacecraft for future missions, potentially giving the troubled vehicle a larger role in U.S. human spaceflight plans. The space agency and...