13 March 2018

Do cryptocurrencies live up to the hype? Are they sensible economic phenomena or just fraud?


Sound and fury signifying nothing except newspaper headlines

10 February 2018

As the financial press had it, the financial markets had quite a dramatic week.

Put it in context, how dramatic was it?



February 13, 2018

Cryptocurrencies don't make sense

Cryptocurrencies are supposedly a new and superior form of money and investments – the way of the future. The author of this column, however, does not see the point of cryptocurrencies, finding them no better than existing fiat money or good investments.

November 15, 2017

Artificial intelligence and the stability of markets

Artificial intelligence is increasingly used to tackle all sorts of problems facing people and societies. This column considers the potential benefits and risks of employing AI in financial markets. While it may well revolutionise risk management and financial supervision, it also threatens to destabilise markets and increase systemic risk.