Perspectives on Central Bank Digital Currencies Featuring: Tom Emmer, Natalie Smolenski, Lawrence H. White Link: youtube.com/live/-Dw0K66tK…

The BIS joining the ranks of #tokenization advocates is certainly a game-changer for traditional banks. The latter are still considered "special" given their privileged access the public financial safety net, provided among others by central banks. See eg bit.ly/3qYSlZ0

Very cool piece by Ben Nash, especially as this #AIArtwork can go on forever introducing subtle nuances.

Photo by Max Stirner shows preparations for setting up one wind turbine, which aims at achieving climate goals.

Helpful rigorous analysis of the impact of a traditional public policy instrument, that is intermediated lending. Also remarkable as the latter tends to receive less attention than the widely public guarantees for financial claims. Emily Sinnott, Wouter vanderWielen 🇪🇺🏳️‍🌈, Matteo Gatti European Investment Bank

Judged by Google job search trends people are already exploring new possibilities that #ArtificialInteligence might offer: sebastianschich.mojostudio.com.br/2023/07/19/art… Michael Kammes CBS Sunday Morning 🌞

Always good to have some respect for the broad linkages that is evident in historical data, even when specific timing of links might evolve. Other suggest one should not feel lucky too soon: mises.org/library/soft-l… Arturo Estrella Mises Institute

Indeed, a very interesting chart exploiting a rich OECD dataset. Curious to see how measures of housing prices would fit in here? I guess one needs to control for population, which presumably partly drives the bubble sizes. Matthew C. Klein John Burn-Murdoch

Extraordinary bank tax in Italy: As discussed at bit.ly/3PhFwl8, short-term fiscal pressures eclipse idea of levying an economic "user fee" for the extraordinary privilege granted to banks. Flavia Rotondi Zoe Schneeweiss Stefanie Schulte #GenoVerband PCCE NYU School of Law

#Decentralization meets #AI: A game-changer for local governance or a hurdle to legitimacy? Can tech surpass local knowledge? Recent Antti Moisio #COGITO blog explores: oecdcogito.blog/2023/07/06/wil…

First paper in the new OECD Artificial Intelligence 🧠 Papers series, providing governments with ⚙️ applications, policy options and risks for generative AI #ChatGPT Philippe Lorenz karine perset @jamie_berryhill oe.cd/il/GenAI

It's a marathon. This is the time when many lose patience with the yield curve and give up on the recession forecast. They rely on their gut and never look back. I rely on data: what’s in the yield, other economic indicators, historical evidence. My gut? I try to exercise.

MONTHLY RECESSION WATCH: In September, the 10yr-3mo Treasury spread averaged -1.09%, which is consistent with a 98.5% probability that a recession will start within the next 12 months. Down a little from the peak but still historically high.

A graph from a different debate, but a reminder that ever growing numbers of US banks are too big to fail.

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While the Russia-hosted #BRICS meeting did see mixed support for #BRICSPay, such threats might help it.

George Gammon Total nonsense. By this logic they should be subsidising imports from countries with whom they have a trade surplus?

Apparently, recently announced “reciprocal tariffs” in the US for a country X are equal to the maximum of either 10% OR the total USD imported from country X minus total USD amount exported to that country X divided by total USD imported from that country X. Hilarious and sad.

Plus, the longer-term adverse repercussions as regards the global anchor role of the US dollar will become evident only slowly, e.g. in flows to crypto assets with different pegs bit.ly/3UUr8m4