by Sebastian Schich | Nov 16, 2023 | Uncategorized
Yoann Ximenes at Paris Photo Days Photographers have made efforts to visualise sound waves for some time now. A recent notable effort is “Matières d’Écho,” an exhibition that showcases the work of plastic artist Yoann Ximenes. The exhibition runs...
by Sebastian Schich | Sep 14, 2023 | bank levy, Ending too-big-to-fail, financial safety net, financial sector guarantees, financial support for SMEs, implicit guarantees, TBTF, too-big-to-fail, why banks are special
Banking sector extraordinary privileges Banks benefit from an extraordinary privilege: in times of impending systemic financial crises, governments act as guarantors of last resort for banks’ financial obligations. This privilege is not paid, at least not...
by Sebastian Schich | Jul 20, 2023 | financial safety net, financial sector guarantees, financial support for SMEs, implicit guarantees, TBTF, too-big-to-fail
Financial sector guarantees are a key public policy tool All financial claims are risky. Against this background, governments have traditionally provided support for guarantees of financial claims, provided they of public policy interest. This choice is based on the...
by Sebastian Schich | Jul 19, 2023 | AI, Artificial intelligence, ChatGPT, Google job search
The ChatGPT announcement triggered searches for jobs in functions exploiting artificial intelligence (AI). While it also heighted job security concerns, Google job search trends suggest that people, rather than sitting idle, react by exploring associated new...
by Sebastian Schich | Jun 21, 2023 | bank "specialness", financial safety net, financial sector guarantee, Fintech, why are banks special, why banks are special
Will fintech make banks less “special”? The short answer is no. Banks manage two sets of cash flows – deposits and loans – and provide two key services – liquidity provision and maturity transformation. Banks provide these services in bundled form. As a result of...
