Some questions concerning equity-financed banking

John Cochrane has another fun and provocative post making his pitch for equity-financed banking. He makes a lot of great points. But I'm still left feeling a little uneasy. In particular, I wonder whether some of his sweeping...

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Clearing up some misconceptions around the "ImageTragick" bug

The recent, highly publicized "ImageTragick" vulnerability had countless web developers scrambling to fix a remote code execution vector in ImageMagick - a popular bitmap manipulation tool commonly used to resize, transcode, or annotate user-supplied images on the Web. Whatever your take on "branded"...

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Oljefondets nye stjernelag

Oljefondet gjør en fantastisk jobb med indeksfondet sitt. Hvorfor gjør ikke fondet mer av det de lykkes med? Det viser seg altså at fondets egen indeksforvaltning har slått markedet med 0,18 prosent siste tre år, og dette...

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Why the Blockchain should be familiar to you

From L2R: Michael Casey (MIT Media Lab), David Andolfatto (FRB SL), Simon Johnson (MIT) and John Schindler (FSB)I'm freshly returned from Consensus 2016: Making Blockchain Real where I participated in a panel on...

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On Cochrane's dream of equity-financing banking

John Cochrane has a dream where the banking sector is financed entirely with equity. The dream is premised on the notion that debt-financed endeavors--especially those using short-term debt--are prone to runs. Run-prone...

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Monetary policy implications of blockchain technology

As I'll be at Consensus 2016 event speaking in a session on "Digital Cash for Central Banks" (agenda available here), I thought this might be a good time to gather my thoughts on what central bankers should be thinking about...

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