M. GrégoireMay 1, 2025

"I know that for years, people have said the US debt is unsustainable, but it hasn’t come to roost because we’ve lived through this post-financial crisis, post-pandemic era of very, very low and negative real interest rates. That is not the norm. There’s regression to mean. You know what? It’s happened."

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#KenRogoff
#economics #uspol
#MarginalRevolution

Show threadbeSpacificNov 25, 2022
A new working paper on #bitcoin by #Matthew #Ferranti — a fifth-year #PhD candidate in #Harvard's #economics #department and #advisee of #KenRogoff, a former economist at the #IMF and the #FederalReserveBoard #Hedging #Sanctions #Risk: #Cryptocurrency in #CentralBank #Reserves" (Job Market Paper)
This paper explores the #potential for #Bitcoin to serve as an #alternative #hedging #asset. https://sites.google.com/view/matthewferranti/research See also this Politico article about the paper - https://www.politico.com/newsletters/digital-future-daily/2022/11/22/harvard-paper-to-central-banks-buy-bitcoin-00070552 -
Matthew Ferranti - Research

"Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves" (Job Market Paper) Central banks may shift their international reserve holdings in order to protect themselves ex-ante against the risk of financial sanctions by fiat reserve currency issuers. For example, from 2016 to 2021,