Tag Archives: Notes

Source: CNBC.

Goodreads rating 4.37. Wolff describes his experiences in rural Malaysia and in the jungle among the Sng’oi, where he learns (rather than being taught) new forms of awareness and knowledge. I saw clearly—perhaps for the first time—that most people, even scientists, can see the world only from one point of view: their own. [p. 146] Malay culture values halus—soft, gentle, polite—and despises kasar.

In the Quarterly Journal of Economics (137, 4), a group of authors estimates that the mean global increase in mortality risk due to climate change, accounting for adaptation benefits and costs, is valued at roughly 3.2% of global GDP in 2100 under a high-emissions scenario. Notably, today’s cold locations are projected to benefit, while today’s poor and hot locations have large projected damages. Finally, our central estimates indicate that the release of an additional ton of CO2 today...

Three BIS innovation hubs plan to test DeFi inspired liquidity pools to exchange wCBDCs. BIS press release: Project Mariana will use DeFi protocols to automate foreign exchange markets and settlement. Automated market makers can become the basis for new generation of financial infrastructure. Exploration on cross-border exchange of wholesale CBDCs is the first to involve three Hub centres. The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs)...

PDF. Contents The SNB’s mandate Monetary policy strategy Implementation of monetary policy Ensuring the supply and distribution of cash The SNB’s role in the cashless payment system Asset management The SNB’s contribution to financial stability International monetary cooperation Independence, accountability and relationship with the Confederation The SNB as a company Legal basis Appendix Publications and other resources SNB balance sheet Addresses

Translated by Gregory Rabassa. Goodreads rating 4.10. …the secret of a good old age is simply an honorable pact with solitude. [p. 205] … and once again she shuddered with the evidence that time was not passing, as she had just admitted, but that it was turning in a circle. [p. 341] Both looked back then on the wild revelry, the gaudy wealth, and the unbridled fornication as an annoyance and they lamented that it had cost them so much of their lives to find the paradise of shared...

CEPR/SUERF/CB&DC webinar with Darrell Duffie, Todd Keister, Harald Uhlig, Dirk Niepelt. Youtube Digitisation rapidly changes money, banking and finance. Are these changes fundamental and radical—or part of a continuous process of technological progress and efficiency improvement? Do academics have to re-think money, banking and finance—or do conventional theories apply? And do finance professionals and regulators need to re-assess their frameworks and tools to keep up with the...

CEPR/SUERF/CB&DC webinar with Darrell Duffie, Todd Keister, Harald Uhlig, Dirk Niepelt. Youtube Digitisation rapidly changes money, banking and finance. Are these changes fundamental and radical—or part of a continuous process of technological progress and efficiency improvement? Do academics have to re-think money, banking and finance—or do conventional theories apply? And do finance professionals and regulators need to re-assess their frameworks and tools to keep up with the...

Mark Dittli of the market NZZ interviews Russell Napier: … the power to control the creation of money has moved from central banks to governments. By issuing state guarantees on bank credit during the Covid crisis, governments have effectively taken over the levers to control the creation of money. … statistics on bank loans to corporates within the European Union since February 2020: Out of all the new loans in Germany, 40% are guaranteed by the government. In France, it’s 70% of all new...

The GNU Taler project: We are building an anonymous, taxable payment system using modern cryptography. Customers will use traditional money transfers to send money to a digital Exchange and in return receive (anonymized) digital cash. Customers can use this digital cash to anonymously pay Merchants. Merchants can redeem the digital cash for traditional money at the digital Exchange. As Merchants are not anonymous, they can be taxed, enabling income or sales taxes to be withheld by the...