This is a really important point. In that line, have you checked this paper where they compare government bonds' and money markets' CIP deviations to differentiate the Treasury from the Dollar? Do you have an opinion on that approach? papers.ssrn.com/sol3/papers....

No mere imitation will do.
Development is inherently innovative.

Minsky (1959), master of the haikus

A great summary piece of a great paper!

Stablecoins and the new face of dollarisation
- @aldasoro.bsky.social and Jon Frost

odi.org/en/insights/...

Taking advantage of the news about countries asking for (probably US Tsy) swaps to talk about central bank swaps, and using one of those charts from my thesis that took way too much time not to use again and...

odi.org/en/insights/...

Data & ideas from Murau et al. ('21), Bahaj et ('26) & BIS

On Tuesday, we hosted a workshop on Global Banking and Global Stability (one of my favorite topics and the focus of my PhD) at the University of Leeds with many of my favorite researchers in the field.

Porque los gustos hay que dárselos en vida (y antes que se termine el doctorado).

Zoom in without the min-max

Monetary targeting in the pampas

Shifting Dynamics in Bank Funding of NBFIs: The Rise of Credit Lines www.federalreserve.gov/econres/note...

Who Finances Real Sector Lenders? libertystreeteconomics.newyorkfed.org/2025/05/who-...

Running a deficit? Want a sovereign wealth fund? No problem! www.ft.com/content/e99b...