Iñaki Aldasoro
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aldasoro.bsky.social
Iñaki Aldasoro
@aldasoro.bsky.social
1.9K followers 470 following 1.7K posts

Principal Economist at the Bank for International Settlements. Views are my own, so is the silly sense of humor.

Videos
Economics 86%
Business 6%
Posts Replies Media Videos

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
Yep pretty much

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
The titles to each panel give all the info that the majority of readers want. The notes give details for the readers that are into that.
I don’t see a major issue, nor anything impenetrable: the text in the notes is boring stuff and it would make the overall look of the graph ugly if enlarged

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
Also potentially of interest to @rajakorman.bsky.social @stevenkelly49.bsky.social @profhilaryallen.bsky.social

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
Indeed, though some nuanced differences that can be consequential

www.sciencedirect.com/science/arti...
Stablecoins, money market funds and monetary policy
Using a new series of crypto shocks, we document that money market funds’ (MMF) assets under management, and traditional financial market variables mo…
www.sciencedirect.com

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
Cc @tobyn.bsky.social @robinwigglesworth.ft.com @pauljdavies.bsky.social @davidbeckworth.bsky.social @buddyyakov.bsky.social @izakaminska.bsky.social @isabelschnabel.bsky.social @katie0martin.ft.com @matt-levine.bsky.social @josephpolitano.bsky.social @danawrey.bsky.social @danielagabor.bsky.social

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
Most importantly, following recent literature we provide evidence that the effects are state dependent in terms of liquidity: effects are stronger when liquidity is low and can become insignificant when it is high

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
We also added case studies around four stablecoin flow-inducing events (Terra, FTX, US election, TRUMP memecoin)

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
We improved the construction of our instrument and show that is predictive of both future stablecoin growth and BTC returns

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
Updated figure on holdings of t-bills and purchases as of Q3 2025 paint a slightly starker picture than before, especially in terms of flows

Reposted by Antonio Fatás

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 10h
We just posted a large update to our paper on stablecoins’ impact on Treasury bill yields

www.bis.org/publ/work127...

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 14h
By the second law of thermodynamics, the system will tend to get inundated by AI slop.

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 1d
From cash flows to debt:
www.bis.org/publ/bisbull...

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 1d
Wise words man, wise words.

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 1d
I don’t want to hear anything about the super bowl unless it is a halftime commercial with Matt Damon

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 1d
Inspired by the latest @bhgreeley.bsky.social @financialtimes.com

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 2d
Paging Bitcoin

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 2d
Opening lines
“Bitcoin is the standout victim of a neck-snapping reordering of the hierarchy in risky assets. Let it burn.”
One can sense the joy

Reposted by Iikka Korhonen, Iñaki Aldasoro

katie0martin.ft.com
Katie Martin @katie0martin.ft.com · 2d
Me on this week's market reshuffle and the sad tale of its biggest victim, bitcoin 😢 - as.ft.com/r/c5d0ea1a-d...
Tech wreck signals a market reset
[FREE TO READ] Rising tide might no longer support all sector stocks, let alone speculative dross like crypto
as.ft.com

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 3d
In other words:

bsky.app/profile/alda...
aldasoro.bsky.social Iñaki Aldasoro @aldasoro.bsky.social · Jan 8
The timeline we live in is really incredibly stupid. I am every single day astonished of how stupid it is. Maybe one day we (or future historians) will look back and wonder, wtf were we thinking?

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 3d
I think this is totally 2026.

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 4d
MOAR CAPEX
a close up of a man 's face with his mouth open .
ALT: a close up of a man 's face with his mouth open .
media.tenor.com

Reposted by Iñaki Aldasoro

tomashirstecon.bsky.social
Tomas Hirst @tomashirstecon.bsky.social · 4d
Market be like

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 5d
There is no one like Matt Levine

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 5d
That didn’t last long…
Davis was there for about a dozen Scaramuccis

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 5d
Line go up

www.bis.org/publ/bisbull...

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 5d
What does this mean for FinReg?

Reposted by Iñaki Aldasoro

peark.es
George Pearkes @peark.es · 5d
Q4 Gemini MAUs 750mm+, up ~100mm QoQ.
FY capex guide was $175bn-$185bn, analysts had $120bn penciled in. Shares initially got hammered 7% lower but are now down 2% vs close.

Reposted by Henry Farrell, Iñaki Aldasoro, Juliet Johnson

dsquareddigest.bsky.social
Dan Davies @dsquareddigest.bsky.social · 5d
in which ... I summarise me and @himself.bsky.social 's paper for the @britishacademy.bsky.social on the global dollar system, suggesting that it explains the fascination with the digital Euro (a set of EU payment rails that's independent of the US and can't be acquired). www.ft.com/content/5b9a...
The juice, the squeeze and the digital euro
Finally, a question for the answer to a question nobody asked
www.ft.com

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 5d
Filming: doxxing
Filming with pervert glasses: not doxxing
Cc @katie0martin.ft.com
ftedit.ft.com FT Edit @ftedit.ft.com · 6d
The Department for Homeland Security says that filming amounts to a form of violence and is often a prelude to “doxxing”, the practice of publishing personal data about an individual without consent.
Quote on a beige background reads: “Violence is anything that threatens them and their safety, so it is doxxing them, it’s videotaping them where they’re at when they’re out on operations, encouraging other people to come and to throw things, rocks, bottles.” — Kristi Noem, Secretary of Homeland Security

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 5d
The yearly cycle is upon us