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Bram Nicholas

CEO & Senior analyst

Bram is the founder of Kapital Economics. Before setting up the company he worked for Econsult International from 2013-2017 studying and trading in global equity, currency, commodity, and bond markets. Bram has continued his analysis of these markets in the context of global economic cycles for Kapital Economics, authoring the monthly Global Economic Monitor report since 2017 and writing for the blog.

Bram is currently in the process of writing a PhD on the subject of exchange rates and forex markets at the University of Colombo in Sri Lanka, and holds an MBA from the University of Western Sydney which he acquired while studying at the International School of Business (University of Economics) in Ho Chi Minh City.

Dr Howard Nicholas

Senior Trainer

Dr Howard Nicholas is an economist with extensive teaching experience in the area of business economics and financial markets, having taught these subjects for 40 years at the Institute of Social Studies (part of Erasmus University of Rotterdam), where he was awarded best-teacher award every year since the award was first given―from 2000 to 2020.

In addition to teaching at the ISS, Dr Nicholas has taught at business schools in a number of countries including China, Vietnam, and Sri Lanka. He is regularly invited to give lectures on the global economy and is known by those who have attended his lectures for his early warnings on the Asian crisis in 1997, the global crises of 2001 and 2008, the little known crisis of the Chinese economy in 2015, and the global crisis of 2020.

At present Dr Nicholas continues to teach economics-related subjects in various countries, primarily in the capacity of senior trainer for several private training institutions which he helped set up, including Kapital Economics. Prior to setting up these institutions, he helped establish the Institute of Policy Studies in 1989 for the government of Sri Lanka and established his own economic-advisory company, Econsult, in 1990.

Aside from his teaching experience and private endeavours, Dr Nicholas has published numerous articles in reputed international journals and, in 2011, a book on the subject of prices with Macmillan. He is currently working on a three-volume sequel to this book, looking at money and business cycles. The first of these three volumes is expected to be published in 2022.

Josephine Valeske

Researcher & Writer

Josephine Valeske holds a MA degree in Development Studies from the International Institute of Social Studies and a BA degree in Philosophy and Economics. Apart from contributing to Kapital Economics, she currently works for the research and advocacy organisation Transnational Institute.