Fed's Perli: Technical fed balance sheet expansion is likely soon.

Logging in after a while. So; cancel culture has reached the CPI?

Check out our paper on AI in finance, with Gambacorta/Korinek/Shreeti/Stein, now available in revised form at the Journal of Financial Stability www.sciencedirect.com/science/arti...

What are the best (guess)timates of data centre investment needs for the next 5 years or so?

Atletico’s style could you use some more of the boldness that characterises private credit lending.

Basel evening, on my way to a dinner of the monetary minds with Borio, Disyatat and Mehrling

Non-bank lenders may be fair-weather friends - @haonanzhou.bsky.social column here on research here with @aldasoro.bsky.social and Sebastian Doerr of the BIS showing non-banks pull back more sharply after a crisis than banks www.ft.com/content/d4da...

A lesson in the circular flow of income

on.ft.com/49dRS9z Non-bank lenders may be fair-weather friends Check out this piece @financialtimes.com where we discuss our recent research on nonbank lending during crises

on.ft.com/49dRS9z Non-bank lenders may be fair-weather friends Check out this piece @financialtimes.com where we discuss our recent research on nonbank lending during crises

Data as of 4 November shows a break in the upward move of the money market MCI, which coincided with the announcement of the end of QT. In other words, money market conditions are not as tight post announcement

Correction: blockchain will do this.

A world of possibilities out there, the future is yours to make

My ”AI investments need a government backstop t-shirt” is raising a lot of questions that I feel are already answered by my t-shirt

Fun offshore dollar market updated factoid: in the year to end-June 2025, offshore dollars increased by ~ $1.42 trillion (about $ 91 billion for stablecoin market cap over the same period, for comparison)

Very good article

This is @smtuffy.bsky.social bait

Offshore dollar memes are the best memes: an update

Fun offshore dollar market updated factoid: in the year to end-June 2025, offshore dollars increased by ~ $1.42 trillion (about $ 91 billion for stablecoin market cap over the same period, for comparison)

Private equity firms still aren’t sending enough cash back to investors and struggling to exit their holdings despite an investment banking boom. But some firms are struggling more than others… #Blackstone #Carlyle #Apollo Private Equity Must Sell More www.bloomberg.com/opinion/arti...

Me, after posting on LinkedIn

Evidence that academics have been complaining about service roles for about 3000 years...

Multi-issuer model for crypto asset stablecoins poses significant financial stability risks & regulatory challenges for EU. In such a model, an Electronic Money Token (EMT) — a stablecoin —is jointly issued by both EU-regulated institution & 1 or more third-country entities. cepr.org/voxeu/column...

Shorter @katie0martin.ft.com today @financialtimes.com on.ft.com/3LBVjga Safety strategies for a bubble market

Haha yes.

Now banks will lend less

Data as of 28 October points to further tightening of money market conditions, in line with commentary that attempts to rationalise yesterday’s decisions

Reply to referee #2 be like

Money market MCI continues upward march, now more comfortably in “tighter than average” territory (Data as of October 24)

Add to “titles I wished I came up with”

Want to share this again, which contains an argument I have become increasingly exercised about-$ stablecoin expansion as a global financial stablity problem. on.ft.com/3OOd1LN The Three-Dollars Problem

fixed that for you

Man I do hate LinkedIn.

18 months; clearly the prosecution did not see any of the rap videos, which merit 20 years minimum for premeditated murder of music.

The PhD fellowships are a possibility to visit the Monetary and Economic Department and collaborate with BIS staff on joint research projects, while getting a view of how an international organisation works. While the role is based in Basel, we hire globally.

🚨 Pleased to announce my partnership with Nvidia. (I will be buying a new GPU card for my desktop shortly.)

2026 BIS PhD fellowship is now open; deadline 24 November. Come work with us! www.linkedin.com/jobs/view/43...

Please give your PayPal wallet to the Ai inspector.

Started Dan Wang’s Breakneck (audiobook version). One hour + in and I can confidently say: lawyers bad, engineers good.

Absolute masterpiece, released 26 years ago today

Now the banks have more money to lend

So apparently one of my papers made it to a tik-tok style conspiracy type of video: www.instagram.com/reel/DP32TyE... I think I can now safely say I made it in life. (Warning: you might grow stupider by watching the video)