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CHARTS OF THE WEEK

CHARTS OF THE WEEK

BILAL'S TOP PICKS

What’s behind the recent surge in the M1 money supply? (Federal Reserve Bank of St. Louis, 6 min read)

‘Leaning against the wind’ and the risk of financial crises (VoxEU, 5 min read)

The globalisation of inflation in the European emerging countries (BIS, 18 page read)

Recessions and Mortality: A Global Perspective (BIS, 32 page read) 

When Inequality is High, Pandemics Can Fuel Social Unrest (IMF Blog, 2 min read)

Inflation Was Sooo 1970s! Will It Roar Back in the 2020s? (Dr Ed’s Blog, 8 min read)

‘Low for Long’ and Risk-Taking (IMF, 22 page read)

Stablecoins: Potential, Risks and Regulation (BIS, 23 page read)

Monetizing Privacy with Central Bank Digital Currencies (Liberty Street Economics, 6 min read)

Fintech in Europe: Promises and Threats (IMF, 28 pages)

Sudden Stops and Optimal Foreign Exchange Intervention (NBER, 42 pages)

An Early Stablecoin? The Bank of Amsterdam and the Governance of Money (BIS, 36 page read)

Beyond the Election: What Doesn’t Change Will Be a Lot More Than What Does (Bridgewater Associates, 6 min read)

The Slope of the Phillips Curve: Evidence from U.S. States (NBER, 41 page read)

Bank of England: Six Answers On Negative Interest Rates  (ING Bank, 7 min read) 

Bank Capital, Loan Liquidity, and Credit Standards since the Global Financial Crisis (Liberty Street Economics, 3 min read) 

Digital Money Across Borders: Macro-Financial Implications (IMF, 34 page read)

Quantitative Easing Policies And Exchange Rates (VoxEU, 4 min read)

Who’s Afraid of Rules-Based Monetary Policy? (Project Syndicate, 5 min read)

The Impact of US Tariffs Against China on US Imports: Evidence for Trade Diversion? (ECB, 15 page read)

Big Tech Companies in Chinese Finance  (PIIE, 60 min watch)

China Leads Again (Project Syndicate, 5 min read)

How Has China’s Economy Performed under the COVID-19 Shock? (Liberty Street Economics, 6 min read)

China’s Surplus is Rising Rapidly. So is the U.S. Deficit. The IMF Cannot Turn a Blind Eye (Brad Setser, 3 min read) 

China: seven things investors should know (LGIM Blog, 3 min read)

Banking across borders: Are Chinese banks different? (BIS, 20 page read)

Behind the Stability in China’s Currency: Beijing’s Hidden Hand (Barron’s, 4 min read)

One Belt, One Road, One Way? (Maastricht University, 23 page read)

Chinese Open Source Data Collection, Big Data, And Private Enterprise Work For State Intelligence and Security: The Case of Shenzhen Zhenhua (NBER, 5 page read)

The Big Cycles of China and Its Currency (Ray Dalio, 15 page read)

Lop-sided Chinese recovery (Twitter, 3 min read) Michael Pettis remains pessimistic on China despite the recent upbeat data. Faster growth in IP relative to consumption may cause a slowdown in growth due to unsustainable debt levels. Beijing should focus more on improving domestic demand rather than pushing supply-side policies. [Bearish CNY]

Digital currency and the new cold war (OMFIF, 6 min read)Argues that China’s move into digital currency is a new front in the US-China cold war.

Why everyone should be using Signal instead of WhatsApp (Wired, 3 min read)

Time to align finance with biodiversity objectives (OMFIF, 2 min read)

An Apocalypse Foretold: Climate Shocks and Sovereign Defaults (IMF, 14 page read)

Green bond issuance set to double by 2023 after hitting $1trn (Expert Investor, 2 min read)

Building ESG momentum in US equities (Amundi, 7 min read)

The Core of the ECB’s New Strategy (Project Syndicate,4 min read)

Green Asset Pricing (ECB, 35 page read)

ESG investing looks like just another stock bubble (Advisor Perspectives, 3 min read)

Economic Aspects of the Energy Transition (NBER) Paper argues that we are not correctly accounting for the increase in electricity prices.

Forced Feminist Firms  (NBER, 34 page read) Reduced turnover, increased productivity and female leadership are important mechanisms leading to observed performance gains of private and public firms. Mounting pressure to improve female representation can, therefore, lead to positive growth externalities. 

HIVE EXCLUSIVES

The Sick Man of Europe (6 min read)

By Phil Suttle | Jan 14, 2021
Turkey (the Ottoman Empire) became known as…

Higher Food and Energy Prices Spell Danger Ahead (2 min read)

By John Butler | Jan 14, 2021
Although highly volatile of late, energy prices…

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DEEP DIVES

What Determines How Wealthy You Become? (5 min read)

By Sam van de Schootbrugge | Jan 13, 2021
Income and wealth inequality have become political…

Which Jobs Will AI Take Over? (5 min read)

By Sam van de Schootbrugge | Jan 06, 2021
A new NBER working paper explores how…

Rethinking The Traditional Measure Of Inflation (6 min read)

By Sam van de Schootbrugge | Dec 16, 2020
Expectations of future inflation are a key…

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CHARTS OF THE WEEK

BILAL'S TOP PICKS

What’s behind the recent surge in the M1 money supply? (Federal Reserve Bank of St. Louis, 6 min read)

‘Leaning against the wind’ and the risk of financial crises (VoxEU, 5 min read)

The globalisation of inflation in the European emerging countries (BIS, 18 page read)

Recessions and Mortality: A Global Perspective (BIS, 32 page read) 

When Inequality is High, Pandemics Can Fuel Social Unrest (IMF Blog, 2 min read)

Inflation Was Sooo 1970s! Will It Roar Back in the 2020s? (Dr Ed’s Blog, 8 min read)

‘Low for Long’ and Risk-Taking (IMF, 22 page read)

Stablecoins: Potential, Risks and Regulation (BIS, 23 page read)

Monetizing Privacy with Central Bank Digital Currencies (Liberty Street Economics, 6 min read)

Fintech in Europe: Promises and Threats (IMF, 28 pages)

Sudden Stops and Optimal Foreign Exchange Intervention (NBER, 42 pages)

An Early Stablecoin? The Bank of Amsterdam and the Governance of Money (BIS, 36 page read)

Beyond the Election: What Doesn’t Change Will Be a Lot More Than What Does (Bridgewater Associates, 6 min read)

The Slope of the Phillips Curve: Evidence from U.S. States (NBER, 41 page read)

Bank of England: Six Answers On Negative Interest Rates  (ING Bank, 7 min read) 

Bank Capital, Loan Liquidity, and Credit Standards since the Global Financial Crisis (Liberty Street Economics, 3 min read) 

Digital Money Across Borders: Macro-Financial Implications (IMF, 34 page read)

Quantitative Easing Policies And Exchange Rates (VoxEU, 4 min read)

Who’s Afraid of Rules-Based Monetary Policy? (Project Syndicate, 5 min read)

The Impact of US Tariffs Against China on US Imports: Evidence for Trade Diversion? (ECB, 15 page read)

Big Tech Companies in Chinese Finance  (PIIE, 60 min watch)

China Leads Again (Project Syndicate, 5 min read)

How Has China’s Economy Performed under the COVID-19 Shock? (Liberty Street Economics, 6 min read)

China’s Surplus is Rising Rapidly. So is the U.S. Deficit. The IMF Cannot Turn a Blind Eye (Brad Setser, 3 min read) 

China: seven things investors should know (LGIM Blog, 3 min read)

Banking across borders: Are Chinese banks different? (BIS, 20 page read)

Behind the Stability in China’s Currency: Beijing’s Hidden Hand (Barron’s, 4 min read)

One Belt, One Road, One Way? (Maastricht University, 23 page read)

Chinese Open Source Data Collection, Big Data, And Private Enterprise Work For State Intelligence and Security: The Case of Shenzhen Zhenhua (NBER, 5 page read)

The Big Cycles of China and Its Currency (Ray Dalio, 15 page read)

Lop-sided Chinese recovery (Twitter, 3 min read) Michael Pettis remains pessimistic on China despite the recent upbeat data. Faster growth in IP relative to consumption may cause a slowdown in growth due to unsustainable debt levels. Beijing should focus more on improving domestic demand rather than pushing supply-side policies. [Bearish CNY]

Digital currency and the new cold war (OMFIF, 6 min read)Argues that China’s move into digital currency is a new front in the US-China cold war.

Why everyone should be using Signal instead of WhatsApp (Wired, 3 min read)

Time to align finance with biodiversity objectives (OMFIF, 2 min read)

An Apocalypse Foretold: Climate Shocks and Sovereign Defaults (IMF, 14 page read)

Green bond issuance set to double by 2023 after hitting $1trn (Expert Investor, 2 min read)

Building ESG momentum in US equities (Amundi, 7 min read)

The Core of the ECB’s New Strategy (Project Syndicate,4 min read)

Green Asset Pricing (ECB, 35 page read)

ESG investing looks like just another stock bubble (Advisor Perspectives, 3 min read)

Economic Aspects of the Energy Transition (NBER) Paper argues that we are not correctly accounting for the increase in electricity prices.

Forced Feminist Firms  (NBER, 34 page read) Reduced turnover, increased productivity and female leadership are important mechanisms leading to observed performance gains of private and public firms. Mounting pressure to improve female representation can, therefore, lead to positive growth externalities. 

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Dominique Dwor-Frecaut is a macro strategist based in Los Angeles. She has been producing alpha generating trade ideas in FX and rates in E...

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John Butler has 25 years experience in international finance. He has served as a Managing Director for bulge-bracket investment banks on bot...

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