A Return to Monetarism? (Hudson Bay Capital Management)
Due to the instability of money demand, monetary policy implementation in the United States has held a smaller and…
Due to the instability of money demand, monetary policy implementation in the United States has held a smaller and…
Nine-tenths of the money in daily circulation has been created by commercial banks. In this week’s episode Tim…
The authors document the continued growth of stablecoins since April 2025. They then examine how shocks from…
Carry strategies-holding higher-yielding assets financed by lower-yielding ones-earn a persistent premium that…