Adam Creighton
The Australian
Washington, DC, United States
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Past articles by Adam:
Threats from a debt-laden China
The Reserve Bank governor has declared China’s “complex, opaque, and highly indebted” economy a threat to financial stability and growth, foreshadowing the chance of “serious accidents” as the economic giant — Australia’s biggest trading partner — tries to curb its ballooning debts. → Read More
Cash Is Dead. Long Live Cash.
Credit card use and digital payment systems are growing, but hard currency isn’t going anywhere. Thanks largely to underground economies and the need for privacy, cash still rules. → Read More
Trump’s Financial Deregulation Might Be Bad News for Banks After All
Some influential people in the president-elect’s sphere say big lenders should maintain higher capital in return for scaling back some regulations. → Read More
New Book Calls for Blowing Up Financial Regulation
“Reframing Financial Regulation,” published by the free-market Mercatus Center at George Mason University, calls for fewer, simpler regulations, including removal of the mandatory clearing of derivatives and higher minimum capital levels for banks. → Read More
Tougher Bank Stress Tests Urged in Government Report as Corporate Debt Spikes
Surging U.S. corporate debt calls for toughening up the Federal Reserve’s stress tests, the Office of Financial Research said in its latest financial system health check Tuesday. → Read More
Fed’s Tarullo Criticizes House Republicans’ Bank-Overhaul Plan
Federal Reserve Governor Daniel Tarullo strongly defended postcrisis financial-overhaul efforts and specifically criticized a Republican proposal to replace complex regulations with a simple, higher leverage ratio. → Read More
How China Trade Could Help Explain Rising Mortality Among White Middle-Aged Men
Counties with workers vulnerable to Chinese competition saw an increase in suicide and drug-related deaths, a new study shows. → Read More
How an Illegal-Immigrant Crackdown Could Hit U.S. Economic Growth
A new study puts the economic contribution of the U.S.'s illegal workers at 3% of private-sector GDP. → Read More
What the American Revolution Might Tell Us About Brexit
The War of Independence shows how internal political concerns can swamp economic arguments in trade negotiations, new research shows. → Read More
While Services Sector Booms, Productivity Gains Remain Elusive
Economists seeking to explain slowing productivity growth have pointed to a downturn in global innovation, but that debate overlooks how hard it is to innovate in services, which are taking a growing share of consumers’ budgets as goods prices fall. → Read More
Paul Volcker: Breaking Up Big Banks Wouldn’t Help
Paul Volcker on Tuesday pushed back against calls to break up big Wall Street banks and ramp up oversight of large asset managers, while disputing claims that the rule named after him had caused a damaging drop in market liquidity. → Read More
Four Nations Are Winning the Global War for Talent
The world’s highly skilled immigrants are increasingly living in just four nations: the U.S., U.K., Canada and Australia, according to new World Bank research highlighting the challenges of brain drain for non-English-speaking and developing countries. → Read More
Financial Literacy Is Still Abysmal Everywhere
A new OECD survey of 30 countries shows few people can perform basic financial calculations or understand simple investment rules. → Read More
Nobel Prize in Economics: Who Are Oliver Hart and Bengt Holmstrom?
The Swedish Academy picked economists Oliver Hart and Bengt Holmstrom as the two winners of this year’s Nobel Prize in economics, for their work in contract theory. Here's why. → Read More
Uber’s Pricing Formula Has Allowed Economists to Map Out a Real Demand Curve
Uber has created more than a booming ride-sharing market. It’s given economists a treasure trove of data to understand one of the fundamental concepts of economics: the demand curve. → Read More
How Low-Skilled Workers Could Rescue the U.S. Economy
Their re-entry into the labor force will help power a revival in growth over the next decade, a Harvard economist argues. → Read More
Why Ultralow Rates Won’t Be a Government-Debt Cure-All
A slow-growth future will make it much harder for governments to reduce their debt burdens, according to a new analysis. → Read More
Queen’s birthday honours 2016: Former public service head Ian Watt honoured
Few understand the power and limits of government as well as Ian Watt, for 13 years head of four federal departments including his final four years at the pre-eminent Department of Prime Minister and Cabinet until 2014. → Read More
RBA slashes interest rates
Fear of a job-destroying deflationary spiral has compelled the Reserve Bank to cut interest rates to a new historic low of 1.75 per cent today, risking another politically charged spike in house prices and bounce in household debt. → Read More
Blank cheques mean books will never balance
Forget Labor’s infamous $900 cheques. → Read More