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 issue of Monetary Mechanics to the mechanics of quantitative tightening, just like I did for the mechanics of quantitative easing…
In the previous issue of Monetary Mechanics, I offered a high-level overview of the various scenarios that could occur as the Federal Reserve begins to…
In Issue #36 of Monetary Mechanics, I introduced the idea that blockchain-based finance (i.e. decentralized finance a.k.a. DeFi) is a fundamental…
In the previous issue of Monetary Mechanics, I provided an overview of the economic sanctions that have been placed upon Russia by the West, focusing…
On February 22, 2022, the United States imposed its first tranche of economic sanctions against Russia, after Vladimir Putin recognized two regions of…
While I am admittedly far from an expert on supply chains and commodities markets, I believe that, given the recent escalation of the Russia-Ukraine…
In J.P. Morgan’s Q4 2021 earnings call, there was mention of something that surprised me greatly – the implementation of Basel IV. In Issue #26 of…
Part 7: "Liability Management" – Commercial Paper (CP)
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Monetary Mechanics