Dan Hinge
@danhinge.bsky.social
Benchmarks editor at Central Banking - covering economics, data and the BIS. Short stories published by Liars' League and Every Day Fiction
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Signal: @danhinge.89
https://www.centralbanking.com/author/daniel-hinge
📚📰🚲🍲🏃🥾
Signal: @danhinge.89
https://www.centralbanking.com/author/daniel-hinge
Reposted by Dan Hinge
Very interesting paper. Confirms what we knew from cross-country studies - large, rapid effects. The really interesting part is the firm-level analysis, which shows similar, if somewhat lower, magnitudes.
www.nber.org/papers/w3445...
www.nber.org/papers/w3445...
November 10, 2025 at 11:44 AM
Very interesting paper. Confirms what we knew from cross-country studies - large, rapid effects. The really interesting part is the firm-level analysis, which shows similar, if somewhat lower, magnitudes.
www.nber.org/papers/w3445...
www.nber.org/papers/w3445...
Reposted by Dan Hinge
November 10, 2025 at 1:44 PM
BoE systemic stablecoin proposals out. Backing 60/40 split UK gov debt and unremunerated reserves. Access to central bank liquidity. Holding limits www.bankofengland.co.uk/news/2025/no...
Bank of England launches consultation on regulating systemic stablecoins
The Bank of England (the Bank) has today published a consultation paper (CP) setting out its proposed regulatory regime for sterling-denominated systemic stablecoins.
www.bankofengland.co.uk
November 10, 2025 at 9:23 AM
BoE systemic stablecoin proposals out. Backing 60/40 split UK gov debt and unremunerated reserves. Access to central bank liquidity. Holding limits www.bankofengland.co.uk/news/2025/no...
Really interesting Schnabel speech today on the future of the ECB balance sheet. Here's @lkoro.es's write-up: www.centralbanking.com/central-bank...
ECB to tilt future QE to shorter-term bonds – Schnabel - Central Banking
Collateralised lending to play key role in Eurosystem asset composition
www.centralbanking.com
November 6, 2025 at 5:10 PM
Really interesting Schnabel speech today on the future of the ECB balance sheet. Here's @lkoro.es's write-up: www.centralbanking.com/central-bank...
As someone who has just manually downloaded and shared 51 utility bills in a bid to persuade Thames Water to let me pay them some money, I think the UK's digital ID can't come fast enough
October 27, 2025 at 12:21 PM
As someone who has just manually downloaded and shared 51 utility bills in a bid to persuade Thames Water to let me pay them some money, I think the UK's digital ID can't come fast enough
Tesla's sales could have been as much as 83% higher without Musk's political shenanigans, this paper reckons www.nber.org/papers/w34413
The Musk Partisan Effect on Tesla Sales
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
October 27, 2025 at 9:01 AM
Tesla's sales could have been as much as 83% higher without Musk's political shenanigans, this paper reckons www.nber.org/papers/w34413
Reposted by Dan Hinge
Entirely on brand, I loved this. Also entirely on brand I’m going to use it as an opportunity to talk about my PhD. One of the excellent things about writing a PhD about uncertainty (in the guise of ‘indeterminacy’) is that it’s readily applicable to *literally* everything!
some work in progress, partly about "work-in-progress" backofmind.substack.com/p/notes-on-t...
notes on the industrialisation of decision making
worrying away at an old subject
backofmind.substack.com
October 25, 2025 at 5:44 AM
Entirely on brand, I loved this. Also entirely on brand I’m going to use it as an opportunity to talk about my PhD. One of the excellent things about writing a PhD about uncertainty (in the guise of ‘indeterminacy’) is that it’s readily applicable to *literally* everything!
This is really interesting. So what is it about a bank that means it is allowed to create money (M1 at least) but a tech company can't? I guess lack of regulation, but that is being solved in some jurisdictions. Competition with e-CNY maybe a bigger reason? www.ft.com/content/8bc1...
Chinese tech giants pause stablecoin plans after Beijing steps in
Regulators raise concerns about the rise of privately controlled currencies
www.ft.com
October 19, 2025 at 5:46 AM
This is really interesting. So what is it about a bank that means it is allowed to create money (M1 at least) but a tech company can't? I guess lack of regulation, but that is being solved in some jurisdictions. Competition with e-CNY maybe a bigger reason? www.ft.com/content/8bc1...
If you read one thing today, you obviously have to make it @jim.londoncentric.media's story about the mafia snail farmers open.substack.com/pub/londonce...
The snail farmer of London, his mafia friends, and a £20m vendetta against the taxman
Terry Ball runs elaborate mollusc-based tax avoidance schemes that are costing London councils millions of pounds. Yet when London Centric tracks him down, an even stranger story emerges.
open.substack.com
October 18, 2025 at 12:04 PM
If you read one thing today, you obviously have to make it @jim.londoncentric.media's story about the mafia snail farmers open.substack.com/pub/londonce...
Reposted by Dan Hinge
The world has become dangerously dependent on American stocks, Gita Gopinath writes for @economist.com. Gita’s striking, if alarming, take is really worth reading
“Though technological innovation is undeniably reshaping industries and increasing productivity, there are good reasons to worry that the current rally may be setting the stage for another painful market correction,” writes Gita Gopinath in a guest essay
Gita Gopinath on the crash that could torch $35trn of wealth
The world has become dangerously dependent on American stocks, writes the former IMF chief economist
econ.st
October 15, 2025 at 1:05 PM
The world has become dangerously dependent on American stocks, Gita Gopinath writes for @economist.com. Gita’s striking, if alarming, take is really worth reading
Reposted by Dan Hinge
Thing by me on today's Econ nobel in @alphaville.ft.com : www.ft.com/content/b8aa...
Idealist and/or materialist theories of economic growth
[FREE TO READ] Nobel committee: ¯\_(ツ)_/¯
www.ft.com
October 13, 2025 at 3:15 PM
Thing by me on today's Econ nobel in @alphaville.ft.com : www.ft.com/content/b8aa...
Tim Harford v good on digital ID www.ft.com/content/b7c2...
In defence of digital ID
Well-designed, it could strengthen the protection of important liberties
www.ft.com
October 2, 2025 at 8:26 AM
Tim Harford v good on digital ID www.ft.com/content/b7c2...
Pleased to confirm that the gobsmackingly huge number is $9.6 trillion daily FX turnover www.centralbanking.com/central-bank...
September 30, 2025 at 4:11 PM
Pleased to confirm that the gobsmackingly huge number is $9.6 trillion daily FX turnover www.centralbanking.com/central-bank...
@lkoro.es spoke to the ECB’s Evelien Witlox about the digital euro. Lots of really interesting detail in here about the sorts of design choices that are now getting close to being finalised www.centralbanking.com/fintech/cbdc...
ECB’s Evelien Witlox on design choices for the digital euro - Central Banking
The digital euro’s program director speaks about holding limits, waterfall arrangements, programmability, blockchain usage and offline ‘secure elements’ for
www.centralbanking.com
September 30, 2025 at 4:06 PM
@lkoro.es spoke to the ECB’s Evelien Witlox about the digital euro. Lots of really interesting detail in here about the sorts of design choices that are now getting close to being finalised www.centralbanking.com/fintech/cbdc...
Reposted by Dan Hinge
ECB publishes report on use cases for digital euro www.centralbanking.com/fintech/cbdc...
ECB sheds light on uses for a digital euro - Central Banking
‘Sandbox’ participants speak of largely positive experiences with prototype CBDC
www.centralbanking.com
September 29, 2025 at 4:03 PM
ECB publishes report on use cases for digital euro www.centralbanking.com/fintech/cbdc...
I usually roll my eyes when someone says the word 'blockchain' but Swift has a huge network so this is worth keeping an eye on www.centralbanking.com/central-bank...
Swift to build blockchain-based global payments infrastructure - Central Banking
Partnership with 30 banks will be ‘pivotal’ for global finance, payments messaging network says
www.centralbanking.com
September 29, 2025 at 4:29 PM
I usually roll my eyes when someone says the word 'blockchain' but Swift has a huge network so this is worth keeping an eye on www.centralbanking.com/central-bank...
Turkey has tied itself in knots trying to avoid having to do standard inflation targeting. The result has been some very innovative (and equally foolhardy) policies... www.nber.org/papers/w34287
Türkiye's Homemade Crises
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
September 29, 2025 at 3:39 PM
Turkey has tied itself in knots trying to avoid having to do standard inflation targeting. The result has been some very innovative (and equally foolhardy) policies... www.nber.org/papers/w34287
Interesting idea from Logan here - target the triparty GC repo rate rather than the federal funds rate www.centralbanking.com/central-bank...
Logan says FOMC should cut ties with federal funds rate - Central Banking
Dallas Fed chief says repo markets are better alternative to ‘outdated’ target
www.centralbanking.com
September 29, 2025 at 9:37 AM
Interesting idea from Logan here - target the triparty GC repo rate rather than the federal funds rate www.centralbanking.com/central-bank...
Love Louise Hayward's etchings of London. Here's one we have of scaffolding on Trellick Tower
September 27, 2025 at 8:32 AM
Love Louise Hayward's etchings of London. Here's one we have of scaffolding on Trellick Tower
Fun pullquote in this story on central bankers' legal immunity www.centralbanking.com/benchmarking...
September 24, 2025 at 12:23 PM
Fun pullquote in this story on central bankers' legal immunity www.centralbanking.com/benchmarking...
Riksbank's Anna Breman is the new governor of the RBNZ, the first time a woman has held the role: www.centralbanking.com/central-bank...
Riksbank’s Breman chosen to head RBNZ - Central Banking
New Zealand central bank’s first female governor recruited from Sweden following Orr debacle
www.centralbanking.com
September 24, 2025 at 12:23 PM
Riksbank's Anna Breman is the new governor of the RBNZ, the first time a woman has held the role: www.centralbanking.com/central-bank...
One for the monetary operating framework nerds - the BIS has built a new taxonomy and finds some "surprising similarities" in apparently different models www.centralbanking.com/central-bank...
New taxonomy of operating frameworks from BIS economists - Central Banking
Two-dimensional approach captures “surprising similarities” between different methods
www.centralbanking.com
September 16, 2025 at 8:40 AM
One for the monetary operating framework nerds - the BIS has built a new taxonomy and finds some "surprising similarities" in apparently different models www.centralbanking.com/central-bank...
Reposted by Dan Hinge
Unhedged chart of the week; Pity the poor Fed
via @hakyungkim.bsky.social
Sign up for COTW here: ep.ft.com/newsletters/...
via @hakyungkim.bsky.social
Sign up for COTW here: ep.ft.com/newsletters/...
September 13, 2025 at 2:37 PM
Unhedged chart of the week; Pity the poor Fed
via @hakyungkim.bsky.social
Sign up for COTW here: ep.ft.com/newsletters/...
via @hakyungkim.bsky.social
Sign up for COTW here: ep.ft.com/newsletters/...
Reposted by Dan Hinge
On the Lisa Cook allegations www.ft.com/content/e32d...
September 13, 2025 at 6:31 AM
On the Lisa Cook allegations www.ft.com/content/e32d...