Job alert: my current role. After 4 rewarding years leading the Eurosystem Centre, I’ll be moving back into a research role early next year. We’re also re-opening the search for the Nordic Centre Head — both applications close October 14: https://t.co/lTR5qnXEF9

A new BIS paper provides a framework to support financial institutions in the transition to quantum-safe cryptographic infrastructures https://t.co/Izfq5NMc6m #QuantumComputing #BISInnovationHub #ProjectLeap #QuantumReadiness

3. Pragmatism: focus on existing solutions rather than hypothetical ones, as well as, on implementation complexities and infrastructure challenges. #CyberSecurity #FinancialServices #QuantumSafe

...Marsden, Sarah McCarthy and Andras Valko sets out a framework for the transition to quantum-safe cryptography, emphasizing: 1. Immediate action: awareness and cryptographic inventory 2. Strategic planning: cryptographic agility, phased migration, and hybrid models ...

We must prepare our financial system for quantum threats. A new paper shows how: https://t.co/sIwZ6wB79l #Quantumcomputing poses a significant risk to global financial stability. This joint work with Donna Dodson, Angela Dupont, Maryam Haghighi, Nicolas Margaine, Danica...

Happy to share that our new paper on Total Value Locked, and why we need better ways to measure it, is out. With @RaphAuer @BIS_org @bhaslhofer @CSHVienna Stefan Kitzler Michael Frowis @IMTLucca

analyze a novel and extensive crypto transaction dataset across 184 countries and the four major crypto assets (USDT, USDC, #Ether, and #Bitcoin). We uncover substantial volumes but distinct roles: stablecoins serve transactional needs like remittances, while...

📢 VIMM Seminar 📢 Tomorrow, @LeinSarahMarit (@UniBasel) will present her paper "The Granular Origins of Inflation" @vimacro_org Registration: https://t.co/7xQ8BC30rz Info/Paper: https://t.co/r1mCj736C0 #EconTwitter #EconX #Research #Economics #International #BarcodePrices

I found this video by MIT Professor Andrej Karpathy really worth the time (3½ hours). A non-technical walkthrough on creating an LLM chatbot like ChatGPT.

Out today: #BaselCommittee monitoring report shows banks’ capital ratios increased in the first half of 2024 #BaselIII https://t.co/LeEkBOx4L0

Out today: #BaselCommittee monitoring report shows banks’ leverage ratios and net stable funding ratios remained stable in the first half of 2024 while LCR decreased slightly #BaselIII https://t.co/LeEkBOx4L0

Exploring #MachineLearning for central bank text analysis can enhance #InflationForecasts. Simpler methods yield robust results without the complexity and opacity of #LargeLanguageModels #LLMs https://t.co/ha1EaXb5qB

Explore the results of the latest #BaselCommittee monitoring report with the interactive Tableau dashboards offering new features https://t.co/iilDUtUM0r

Trade shapes economies, and economies shape our world. Join us on Monday, March 24, at 11 AM ET for a special online panel on Trade and the Macroeconomy, co-organized by #CEBRA and the @BostonFed. We’re grateful to our esteemed panelists and moderator for sharing their

again, paper is here (open access for the first 50 days): https://t.co/SdsnyMLofG (4/4)

...decentralization becomes preferable when intertemporal incentives are weaker. We demonstrate these results within a general framework encompassing anonymous or identified participants, permissioned or permissionless access, and monopolistic or competitive ledgers....(3/4)

.This aligns incentives between those using the system and those maintaining it. Downsides include redundant validation costs and difficulties achieving consensus. On balance, centralized updating is optimal when long-term rewards are substantial, whereas ...(2/4)

Is there an economic case for decentralization? ⬇️🧵some takeaways from a paper with Cyril Monnet and Hyun Shin, now available in the JFE: https://t.co/FpmKqVvFg5... - Decentralization can provide benefits when validators are chosen from among the system’s users.... (1/4)

... 170 guests who joined us at the conference. The event brought together attendees from 39 central banks and 9 supervisory authorities and IFIs for discussions on the challenges quantum computing could pose for the cyber security of financial systems.

The risk that quantum computers will soon be able to break widely used financial encryption is too significant to ignore. We recently held an event to discuss this threat and how to respond to it: https://t.co/QhDtm1NhLL Thanks to the...