Monetary Mechanics | Maroon Macro | Substack

Issue #48: Quantitative Tightening

Since the Federal Reserve is on the brink of beginning its quantitative tightening (QT) program, beginning June 1, I thought that I should dedicate an…

May 16, 2022 •

On a (Hopefully Temporary) Hiatus

Hi to all the readers of Monetary Mechanics,

Oct 25, 2022 •

Issue #55: The 1974 Failure of Bankhaus Herstatt and the Rise of Real-Time Gross Settlement (RTGS)

On a daily basis, trillions of dollars flow between financial market participants in securities, derivatives, and foreign exchange contracts.

Aug 1, 2022 •

Issue #54: Understanding Balance Sheet Capacity

Part 2: A Deeper Dive

Jul 18, 2022 •

Issue #53: The Origins and Evolution of the Modern Monetary System

Part 9: "Securitization" – Repo as a Driver of Securitization

Jun 25, 2022 •

Issue #52: The Origins and Evolution of the Modern Monetary System

Part 8: "Liability Management" – Repo as a Liability Management Tool

Jun 15, 2022 •

Issue #51: Understanding Balance Sheet Capacity

Part 1: A General Overview

Jun 7, 2022 •

Issue #50: Trade Idea – Short stETH

In this issue of Monetary Mechanics, I am going to do something a little different.

May 31, 2022 •

Monetary Mechanics

Monetary Mechanics

My original proprietary macro research covering the mechanics of the monetary system, financial plumbing, economic history, and its influence/impact on the global economy.

Monetary Mechanics

About Archive Sitemap

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts