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A way for the Euro to become the dominant global currency

Ernesto Fürstenberg Fassio, Presidente di Banca Ifis, e Claudio Cerasa, Direttore del Foglio, sul palco del Tempio di Vibia Sabina e Adriano alla presentazione del Foglio Europeo. Segui qui la diretta ilfoglio.it/gli-eventi-del…

Very interesting article on the Financial Times ft.com/content/e23117… on how to fix European capital markets

Is the US going to tone down bank regulation and capital requirements? Interesting read from the Financial Times ft.com/content/90196d…

Princeton Economics Professor Motohiro Yogo gave the keynote at NBER’s Spring 2025 conference on New Developments in Long-Term Asset Management. His talk introduced a novel framework for asset pricing using demand systems—now available to watch: youtube.com/watch?v=9C2uO0…

Europe's huge savings sit idle; startups look abroad. Why? Fragmented markets and banks' tight grip. The new EU plan offers more of the same. Read today's post on why we're stuck and how to move forward by imitating a 1996 US reform.

Breaking: The Trump administration is blocking Harvard from enrolling foreign students on.wsj.com/43JzqSI

Excellent column about the distortions of using IRR as performance metric in the PE industry ft.com/content/538099…

My awesome colleague Yiming Ma on NPR's Planet Money! Topic: stablecoins

"In a world where global co-ordination is increasingly difficult and political consensus is brittle, systems that minimise counterparty risk by design become more compelling" ft.com/content/11c497…

Extremely happy to share that the paper “Interlocking Directorates and Competition in Banking”, joint with Guglielmo Barone and Fabiano Schivardi, has been published in the Journal of Finance Journal of Finance -doi.org/10.1111/jofi.1… (1/N)

ft.com/content/ba6e18…

Koijen & Yogo's (2019) demand system approach transformed asset pricing by linking portfolio data to demand elasticities. But why are estimated elasticities so low (around 1) when classical models say they should be much higher? Enter Fuchs, Fukuda & Neuhann (2025)

🚨 Call for Papers! 🚨 Submit to the 21st Annual Olin Finance Conference @WashUOlin, Oct 16–17, 2025. Topics: asset pricing, corp finance, behavioral, more. Deadline: July 13 Details: event.olin.wustl.edu/washu-finance-… #econtwitter

🚨 Call for Papers! 🚨 Submit to the 21st Annual Olin Finance Conference @WashUOlin, Oct 16–17, 2025. Topics: asset pricing, corp finance, behavioral, more. Deadline: July 13 Details: event.olin.wustl.edu/washu-finance-… #econtwitter

The Fed just voted to cut capital regulations for large banks. I favor higher capital regulations in general. But this move is to cut the enhanced supplemental leverage ratio (eSLR) -- a mouthful -- and I am somewhat sympathetic to this. A few thoughts. 1/

📢New deep-dive paper on China’s BRI lending (Georgetown/AidData/Kiel). We study "How China Collateralizes" its overseas loans — not with ports/infrastructure, but with cash in Chinese bank accounts. The techniques and volumes are striking.🧵Paper here: ifw-kiel.de/fileadmin/Date…

1/Epoch AI doubles down on preiction AI will drive 20%+ annual GDP growth. Economists remain skeptical. This is the defining debate of today: AI builders see infinite prosperity ahead. Economists see the same limits that constrained every technological revolution.🧵 1/13

Sanjeev Arora joined #MarkusAcademy, hosted by Markus Brunnermeier, to discuss how AI models go beyond parroting learning, reasoning, and even self-improving. From synthetic data to metacognition, watch highlights from the talk: bit.ly/3Hh6pFd

A big thank you to all participants who contributed their research, insights, ideas and energies to the 1st AIBE Workshop! 🇮🇹 Domenico Fornara 🇧🇷 Giulia Spinelli Layla Mendes Bernardo Ricca Nicola Borri Luca J. Uberti Rafael Palazzi Alan De Genaro Full list here: drive.google.com/file/d/16HrZXn…