Rashad Ahmed
@rashad-ahmed.bsky.social
Economist at the Andersen Institute | global macro | stablecoins | views are my own
https://sites.google.com/view/rashad-ahmed
https://sites.google.com/view/rashad-ahmed
Reposted by Rashad Ahmed
Stablecoins are already meaningful players in the Treasury market, as we show in more detail in a recent paper with @rashad-ahmed.bsky.social
www.bis.org/publ/work127...
www.bis.org/publ/work127...
July 11, 2025 at 11:11 AM
Stablecoins are already meaningful players in the Treasury market, as we show in more detail in a recent paper with @rashad-ahmed.bsky.social
www.bis.org/publ/work127...
www.bis.org/publ/work127...
New @anderseninstitute.bsky.social Note: "When financial regulation becomes financial repression" (link below)
We take a macro view on the interactions between:
(i) high and rising debt
(ii) OBBB expansionary spending
(iii) GENIUS Act stablecoin legislation
(iv) SLR bank capital reform
We take a macro view on the interactions between:
(i) high and rising debt
(ii) OBBB expansionary spending
(iii) GENIUS Act stablecoin legislation
(iv) SLR bank capital reform
July 2, 2025 at 12:48 PM
New @anderseninstitute.bsky.social Note: "When financial regulation becomes financial repression" (link below)
We take a macro view on the interactions between:
(i) high and rising debt
(ii) OBBB expansionary spending
(iii) GENIUS Act stablecoin legislation
(iv) SLR bank capital reform
We take a macro view on the interactions between:
(i) high and rising debt
(ii) OBBB expansionary spending
(iii) GENIUS Act stablecoin legislation
(iv) SLR bank capital reform
Reposted by Rashad Ahmed
Nice Big Read by @staffordphilip.bsky.social on stablecoins, featuring our paper with @rashad-ahmed.bsky.social on the impact of SCs on the Treasury market
on.ft.com/3ZvMDw5
on.ft.com/3ZvMDw5
How stablecoins are entering the financial mainstream
Usage of the digital assets is growing rapidly, but concerns remain about supervision and their impact on other parts of the financial system
on.ft.com
June 12, 2025 at 5:33 PM
Nice Big Read by @staffordphilip.bsky.social on stablecoins, featuring our paper with @rashad-ahmed.bsky.social on the impact of SCs on the Treasury market
on.ft.com/3ZvMDw5
on.ft.com/3ZvMDw5
Reposted by Rashad Ahmed
Great Long Read by @katie0martin.ft.com featuring our recent paper with @rashad-ahmed.bsky.social
Why we should worry about the rise of stablecoins | Opinion
https://www.ft.com/content/e5701ff2-d976-451f-9ca2-68cd5f833c1a
https://www.ft.com/content/e5701ff2-d976-451f-9ca2-68cd5f833c1a
Why we should worry about the rise of stablecoins | Opinion
Asset-backed digital currencies could pose risks to bedrock of global financial system
www.ft.com
June 6, 2025 at 7:48 PM
Great Long Read by @katie0martin.ft.com featuring our recent paper with @rashad-ahmed.bsky.social
Reposted by Rashad Ahmed
Aaaand new paper is out!
“Stablecoins and safe asset prices” with the awesome @rashad-ahmed.bsky.social
Quantifying the effects pf stablecoin flows on Tsy yields with instrumented linear projections, documenting asymmetric effects of inflows vs outflows
www.bis.org/publ/work127...
“Stablecoins and safe asset prices” with the awesome @rashad-ahmed.bsky.social
Quantifying the effects pf stablecoin flows on Tsy yields with instrumented linear projections, documenting asymmetric effects of inflows vs outflows
www.bis.org/publ/work127...
May 28, 2025 at 12:10 PM
Aaaand new paper is out!
“Stablecoins and safe asset prices” with the awesome @rashad-ahmed.bsky.social
Quantifying the effects pf stablecoin flows on Tsy yields with instrumented linear projections, documenting asymmetric effects of inflows vs outflows
www.bis.org/publ/work127...
“Stablecoins and safe asset prices” with the awesome @rashad-ahmed.bsky.social
Quantifying the effects pf stablecoin flows on Tsy yields with instrumented linear projections, documenting asymmetric effects of inflows vs outflows
www.bis.org/publ/work127...
Reposted by Rashad Ahmed
Join us at the 2025 Johns Hopkins Geoeconomics Conference Keynote Presentation and Panel Discussion
🗓️ Friday, May 2 | 2:00–7:00 PM
📍 Hopkins Bloomberg Center, Washington, DC
🔗 Register here: lnkd.in/eEzhX_PQ.
The conference Website is here: lnkd.in/eGbz-s_j
#Geoeconomics #JohnsHopkins
🗓️ Friday, May 2 | 2:00–7:00 PM
📍 Hopkins Bloomberg Center, Washington, DC
🔗 Register here: lnkd.in/eEzhX_PQ.
The conference Website is here: lnkd.in/eGbz-s_j
#Geoeconomics #JohnsHopkins
LinkedIn
This link will take you to a page that’s not on LinkedIn
lnkd.in
April 16, 2025 at 5:49 PM
Join us at the 2025 Johns Hopkins Geoeconomics Conference Keynote Presentation and Panel Discussion
🗓️ Friday, May 2 | 2:00–7:00 PM
📍 Hopkins Bloomberg Center, Washington, DC
🔗 Register here: lnkd.in/eEzhX_PQ.
The conference Website is here: lnkd.in/eGbz-s_j
#Geoeconomics #JohnsHopkins
🗓️ Friday, May 2 | 2:00–7:00 PM
📍 Hopkins Bloomberg Center, Washington, DC
🔗 Register here: lnkd.in/eEzhX_PQ.
The conference Website is here: lnkd.in/eGbz-s_j
#Geoeconomics #JohnsHopkins
The idea that these tarriffs will be recessionary is consistent with cross asset market moves and even more directly, rising recession odds in prediction markets
equities (-)
mid/long rates (-)
STIR fwds (-)
inflation fwds beyond 1-year (-)
crude oil (-)
equities (-)
mid/long rates (-)
STIR fwds (-)
inflation fwds beyond 1-year (-)
crude oil (-)
April 4, 2025 at 1:28 PM
The idea that these tarriffs will be recessionary is consistent with cross asset market moves and even more directly, rising recession odds in prediction markets
equities (-)
mid/long rates (-)
STIR fwds (-)
inflation fwds beyond 1-year (-)
crude oil (-)
equities (-)
mid/long rates (-)
STIR fwds (-)
inflation fwds beyond 1-year (-)
crude oil (-)
Turns out that RRP drainage was highly responsive to T-bill supply
February 12, 2025 at 5:42 PM
Turns out that RRP drainage was highly responsive to T-bill supply
Reposted by Rashad Ahmed
@katie0martin.ft.com notes that the US Treasury market reflects the inconsistencies in the administration's policy goals
www.ft.com/content/5d69...
@rashad-ahmed.bsky.social and I find that dealers' constraints are a geopolitical vulnerability
cepr.org/voxeu/column...
#Econsky #AcademicSky
www.ft.com/content/5d69...
@rashad-ahmed.bsky.social and I find that dealers' constraints are a geopolitical vulnerability
cepr.org/voxeu/column...
#Econsky #AcademicSky
Trump should not take bond investors for granted
It needs only a small reduction in the dollar slice of global reserves to hit prices and raise borrowing costs
www.ft.com
February 9, 2025 at 9:57 PM
@katie0martin.ft.com notes that the US Treasury market reflects the inconsistencies in the administration's policy goals
www.ft.com/content/5d69...
@rashad-ahmed.bsky.social and I find that dealers' constraints are a geopolitical vulnerability
cepr.org/voxeu/column...
#Econsky #AcademicSky
www.ft.com/content/5d69...
@rashad-ahmed.bsky.social and I find that dealers' constraints are a geopolitical vulnerability
cepr.org/voxeu/column...
#Econsky #AcademicSky
What was meant as a quick n dirty weekend analysis by @arebucci.bsky.social and I.. now catching the attn of @reuters.com and @financialtimes.com. Grateful to see interest in our work
Our piece: cepr.org/voxeu/column...
FT: on.ft.com/3QaAVCc
Reuters: www.reuters.com/markets/rate...
Our piece: cepr.org/voxeu/column...
FT: on.ft.com/3QaAVCc
Reuters: www.reuters.com/markets/rate...
A ‘reverse conundrum’ and foreign official demand for US Treasuries
Reminiscent of the ‘Greenspan conundrum’, since 18 September 2024 the Federal Reserve has cut short-term interest rates by 100 basis points, while 10-year interest rates have risen by 100 basis points, defying conventional expectations. This column argues that this ‘reverse conundrum’ can be explained by a sharp decline in foreign official demand for US Treasuries and a likely shift towards gold, which is less vulnerable to sanctions and asset freezes.
cepr.org
February 9, 2025 at 3:51 PM
What was meant as a quick n dirty weekend analysis by @arebucci.bsky.social and I.. now catching the attn of @reuters.com and @financialtimes.com. Grateful to see interest in our work
Our piece: cepr.org/voxeu/column...
FT: on.ft.com/3QaAVCc
Reuters: www.reuters.com/markets/rate...
Our piece: cepr.org/voxeu/column...
FT: on.ft.com/3QaAVCc
Reuters: www.reuters.com/markets/rate...
Reposted by Rashad Ahmed
Video interviews are not my favorite, and I don't like to rewatch myself, but you might find this discussion of our paper with @rashad-ahmed.bsky.social on the price impact of foreign official sales of treasuries on their yileds informative: www.youtube.com/watch?v=FGGQ... #Econsky
Dollar reserves and U.S. yields - Alessandro Rebucci
YouTube video by Faculti
www.youtube.com
February 7, 2025 at 7:00 PM
Video interviews are not my favorite, and I don't like to rewatch myself, but you might find this discussion of our paper with @rashad-ahmed.bsky.social on the price impact of foreign official sales of treasuries on their yileds informative: www.youtube.com/watch?v=FGGQ... #Econsky
Reposted by Rashad Ahmed
January 22, 2025 at 12:54 AM
Reposted by Rashad Ahmed
#FT and #Reuters covering our analysis of foreign official flows and US yileds:
@
www.ft.com/content/7201...
www.reuters.com/markets/rate...
@
www.ft.com/content/7201...
www.reuters.com/markets/rate...
The bond markets vs Donald Trump
There is a notable — and rising — risk of financial turmoil if the new White House does anything to spook investors
www.ft.com
January 20, 2025 at 6:43 PM
#FT and #Reuters covering our analysis of foreign official flows and US yileds:
@
www.ft.com/content/7201...
www.reuters.com/markets/rate...
@
www.ft.com/content/7201...
www.reuters.com/markets/rate...