12 Nov 2021
Central banks and the occult: talers from the crypto
James Culham |
As regulators consider policies around digital currencies, what may be some of the unintended consequences?
James Culham
Executive Director, Institutional Portfolio Management, ANZ
About James Culham
Dr James Culham has global experience in quantitative finance and banking in a career spanning economic analysis, bond and derivatives trading, and quantitative analytics for institutions including HSBC, Bear Stearns and Deutsche Bank in London. He is currently Director of Institutional Portfolio Management at ANZ and Honorary Senior Research Fellow at Federation University Australia. Culham has a PhD in liquidity and monetary theory and degrees in Economics and Mathematics. His academic work is published in the Cambridge Journal of Economics and the Review of Keynesian Economics. His research interests include the theory of money and banking, monetary economics and macroeconomics.
articles by
30 Oct 2020
Treating an economic heart attack
James Culham | Executive Director, Institutional Portfolio Management, ANZ
A “Minsky moment” is occurring in economies where restricted cash flows are triggering a domino effect of missed payments.
06 Jul 2020
What if banks broke the buck?
James Culham | Executive Director, Institutional Portfolio Management, ANZ
Is MMT the post-COVID normal for monetary policy or an inflation trap?
05 Jun 2020
Indebted to the future
James Culham | Executive Director, Institutional Portfolio Management, ANZ
Is government debt a burden for future generations or merely a debt we owe ourselves? Could it even represent net wealth?
08 May 2020
Yield curve control: back to the future
James Culham | Executive Director, Institutional Portfolio Management, ANZ
Governments and central banks can find much to learn from previous crises in coping with the COVID-19 pandemic.
28 Jan 2020
Capitalism vs Socialism: mismatch or missed match?
James Culham | Executive Director, Institutional Portfolio Management, ANZ
Is the ongoing debate between capitalism and socialism aiming at the right target?
14 Nov 2019
Interest rates: through the looking-glass
James Culham | Executive Director, Institutional Portfolio Management, ANZ
As interest rates tend towards zero, will central banks be forced to turn to unconventional monetary policies?
30 Sep 2019
Corn economics goes pop
James Culham | Executive Director, Institutional Portfolio Management, ANZ
As the Australian economy ponders the impact of zero - or negative - interest rates, can the answer be found in corn?
25 Jul 2019
Private virtue, public vice
James Culham | Executive Director, Institutional Portfolio Management, ANZ
Are economies staring down the barrel of the next recession? And how will monetary policies and investments help them float.
15 Jul 2019
Is the future stable for Libra?
James Culham | Executive Director, Institutional Portfolio Management, ANZ
Facebook’s latest payments venture is causing quite a stir online but will its intrinsic value add up?
07 May 2019
Modern Monetary Theory: crock or insight?
James Culham | Executive Director, Institutional Portfolio Management, ANZ
The debate over MMT has hit the mainstream – so is it really that bad (or good)?
25 Mar 2019
Creating and destroying money
James Culham | Executive Director, Institutional Portfolio Management, ANZ
Do banks just create unlimited amounts of money out of thin air?
05 Mar 2019
How do central banks manage money?
James Culham | Executive Director, Institutional Portfolio Management, ANZ
The recent spikes in bank funding costs have implications for central banking policy.
25 Jan 2019
Rise of the stablecoin
James Culham | Executive Director, Institutional Portfolio Management, ANZ
If 2018 was the year of bitcoin, perhaps 2019 will see the stablecoin take centre stage.
10 Sep 2018
Banking: where does the money come from?
James Culham | Executive Director, Institutional Portfolio Management, ANZ
What is it that banks actually do that nobody else can?