My photo creations and
thoughts on economics and arts
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Stablecoin Dollarization as Exorbitant Privilege 2.0
In reference to Giscard d’Estaing’s original concept “exorbitant privilege 2.0”, a digital extension of US monetary power emerges as a result of the way crypto asset markets are evolving.
When AI Agrees Too Much
Sycophancy and the Future of Human Autonomy Generative artificial intelligence (GenAI) now sits in the middle of many human–machine interactions,...
US monetary credibility and crypto flows
The current US executive’s attack on the top officials of the Federal Reserve is a sharp affront to decades of hard-won wisdom in central...
Stablecoins are not robust anchors
Stablecoins are not robust anchors. In volatile financial markets, safety and stability are desirable. Hence, investors seeking refuge from economic...
Embracing individual morality in artificial intelligence
Embracing individual morality in generative artificial intelligence The release of ChatGPT by OpenAI in late 2022 may well have been a tipping point...
Visualising sound waves
The universe is constantly in motion due to vibratory waves, which have been called “music of the universe”. Works by Ximenes visualizes some of these patterns.
Extraordinary bank levies as a charge for extraordinary privileges?
Banks benefit from an extraordinary privilege, which is that governments act as guarantors of last resort for banks’ financial obligations to avoid systemic financial crises. Should banks pay a special tax in return?
Public financial sector guarantees need to be carefully priced
Financial sector guarantees are a key public policy tool All financial claims are risky. Against this background, governments have traditionally...
ChatGPT announcement and Google job search trends
The ChatGPT announcement triggered searches for jobs in functions exploiting artificial intelligence (AI). While it also heighted job security...