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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

UK Pledges £275M to Boost Skilled Workforce and Cut Reliance on Foreign Labor

The UK government has announced a 275 million ($371 million) investment to strengthen its skilled workforce, targeting critical industries like engineering and defense. Prime Minister Keir Starmer revealed the funding on...

U.S. Strikes on Iran Fuel Market Jitters, Oil Prices Expected to Spike

Global markets are bracing for volatility after the U.S. launched airstrikes on Irans nuclear facilities, a move President Donald Trump called a spectacular military success. Investors expect a sharp rise in oil prices and...

UK Unveils £10 Billion Industrial Strategy to Boost Jobs and Innovation

The UK government is set to unveil a 10-year industrial strategy aimed at boosting economic growth, job creation, and investment across high-growth sectors. Part of Prime Minister Keir Starmers Plan for Change, the...

Middle East Conflict Spurs Oil Surge and Market Uncertainty as U.S. Weighs Involvement

As tensions escalate between Israel and Iran, investors are bracing for potential U.S. military involvement and its economic ripple effects. Markets are watching closely as the Trump administration considers joining...

Russian Stocks Flat as MOEX Index Stalls, Commodities Mixed

Russian equities closed flat on Saturday, with the MOEX Russia Index posting no change at 0.00%. Market activity remained muted, with top-traded stocks like AFK Sistema PJSC (MCX:AFKS), Aeroflot PJSC (MCX:AFLT), and...

Politics

Trump’s Iran Strike Sparks Global Tensions, Risks Wider Conflict

In a stunning reversal of his long-held stance against foreign wars, U.S. President Donald Trump authorized direct strikes on Irans nuclear sites, joining Israel in escalating the Middle East conflict. The attack,...

Iran Warns of "Everlasting Consequences" After U.S. Strikes Nuclear Sites

Iran has issued a sharp warning following U.S. airstrikes on three of its nuclear facilities, declaring the attacks will bring everlasting consequences. Iranian Foreign Minister Abbas Araghchi, who also leads the countrys...

Middle East Airspace Avoided After U.S. Strikes on Iran, Airlines Reroute Flights

Airlines are continuing to reroute flights to avoid key parts of the Middle East after the U.S. carried out airstrikes on Iranian nuclear facilities. According to FlightRadar24, commercial air traffic is steering clear of...

U.S. Lawmakers React Sharply to Trump’s Iran Airstrikes

U.S. lawmakers issued swift and polarized reactions to President Donald Trumps decision to bomb Iranian nuclear facilities early Sunday, sparking debate over legality, foreign policy, and the risk of broader conflict....

B-2 Stealth Bombers Lead Precision Strikes on Iran’s Nuclear Sites

The U.S. Air Forces B-2 Spirit stealth bombers spearheaded a high-impact mission on Saturday, striking three of Irans key nuclear sites. President Donald Trump confirmed the very successful attack, announcing that the...

Science

SpaceX Starship Explodes in Texas During Test, Citing Nitrogen Tank Failure

SpaceXs Starship spacecraft exploded in a dramatic fireball during a late-night test at the companys Starbase facility in Brownsville, Texas, on June 18, 2025. The 400-foot Mars-bound rocket, a key part of Elon Musks...

NASA Astronauts Wilmore and Williams Recover After Boeing Starliner Delay

NASA astronauts Butch Wilmore and Suni Williams are steadily recovering after spending nine unexpected months aboard the International Space Station (ISS) due to issues with Boeings Starliner capsule. Initially intended...

SpaceX Starship Test Flight Reaches New Heights but Ends in Setback

SpaceXs massive Starship rocket, central to Elon Musks vision for interplanetary travel, launched its ninth uncrewed test flight from Starbase, Texas, on May 27, 2025. The two-stage vehiclecomprising the upper-stage...

Trump’s nomination for NASA leader boasts business and commercial spaceflight experience during a period of uncertainty for the agency

Jared Isaacman, billionaire, CEO and nominee to become the next NASA administrator, faced questions on April 9, 2025, from members of the Senate Committee on Commerce, Science, and Transportation during his confirmation...

Lab-grown meat: you may find it icky, but it could drive forward medical research

Lab-grown meat causes heated debates. Proponents see benefits for the climate and animal welfare. Opponents worry about a Frankenstein food they regard as risky and unnatural. Whatever your opinion, the technology...

Technology

Meta and Oakley Launch AI Smart Glasses with Meta AI and Camera Features

Meta has expanded its wearable tech portfolio by partnering with Oakley to release AI-powered smart glasses, following the strong market response to its Ray-Ban Meta line. The collaboration with EssilorLuxottica, parent...

US Considers Revoking Chipmaker Authorizations in China Amid Trade Tensions

The U.S. Department of Commerce is reportedly weighing the revocation of special authorizations granted to global chipmakers Samsung, SK Hynix, and TSMC, potentially limiting their access to American chipmaking equipment...

Apple Reportedly Eyes AI Startup Perplexity Amid Rising Search Tech Competition

Apple is reportedly exploring a potential acquisition of artificial intelligence startup Perplexity, according to Bloomberg News. The internal discussions, which involve Apples MA chief Adrian Perica, services head Eddy...

Meta and Oakley Unveil AI Smart Glasses for Athletes and Adventurers

Meta Platforms Inc. (NASDAQ: META) has partnered with Oakley to launch the Oakley Meta HSTN, a high-performance AI smart eyewear product blending advanced technology with athletic design. Targeting athletes and active...

BBC Considers Legal Action Against AI Firm Perplexity Over Content Use

The BBC is reportedly preparing legal action against AI search engine Perplexity for allegedly using its content without permission to train artificial intelligence models. According to the Financial Times, the UK public...