Category: Financial Markets
Cryptos, Libertarianism, and Twitter
Interesting new research disproves many of the common narratives about crypto investors.
Two bank failures in one week!
Silvergate Bank and SVB collapsed last week in the US. A regulatory failure?
On safe assets
New research on the safe-asset shortage and the convenience yields and exchange rate disconnect.
Stock markets and capital misallocation
New research on how investors’ sentiment-driven demand and liquidity needs lead to capital misallocation across firms.
To regulate or not the cryptos
After the implosion of FTX, a cryptocurrency exchange, there have been calls for regulating digital assets. But so far there is no evidence that cryptos can threaten financial stability.
DeFi vs CeFi
New research on the advantages and disadvantages of centralized versus decentralized finance.
From stablecoins to dodgycoins
A new version of cryptocurrency has been launched during the last couple of years: the algorithmic stablecoins. LUNA, the most prominent algorithmic stablecoin, collapsed in May 2022. What are the lessons to learn?
The state of the U.S. bond market
How deep is the current selloff in the Treasuries market? How is the corporate bond market functioning?
U.S. Treasury securities as safe assets
Are foreign investors willing to forego large returns in order to hold onto U.S. Treasury securities?
Has the US yield curve inverted?
Parts of the U.S. yield curve have inverted. Are they predicting an upcoming recession?