Is there something comparable to MiCA in the UK?

YouTube video by JFI - Jain Family Institute Monetizing Primacy: A panel with Karthik Sankaran, Brad Setser, and Mona Ali

Here’s a link to a great conversation hosted by @phenomenalworld & @QuincyInst with @MonaAli_NY_US & @Brad_Setser, moderated by @StynesMichael about the $, imbalances, global public goods (or not) and other themes related to “Monetizing Primacy.” www.youtube.com/watch?v=0Qc9...

Chiara Cordelli, "Is Money a Public Good?”

www.cambridge.org/core/journal...

The key chart right now:

Usually US economic pain is cushioned by falling bond yields and a strengthening dollar, which mean lower interest rates and more spending power for consumers.

This time we’re seeing the opposite, meaning the pain will be amplified.

New article with Lucia Quaglia on how EU banks and EU regulators engaged in ‘noisy geopolitics’ by leveraging the digital sovereignty agenda to push for tighter controls on (US) bigtechs. Part of a special issue on ‘Transformation of Banking’ in Competition and Change
doi.org/10.1177/1024...

What are the drivers of the closing spread in your opinion?

I find myself revisiting/reading books on the theory of money.

Ingham’s “nature of money” (ranks high for me despite embrace of chartalism)
Hick’s “market theory of money”
Desan’s “making money”
Keynes’ “Treatise”
Neilson’s “Minsky”
Schumpeter’s “History”
Hawtrey’s “Currency & credit”

1/2

Here is Sam Knafo's review of Desan's book

lawandhistoryreview.org/article/foru...

Reading The Making of Modern Finance as an Invitation to Critical Uses of History - Progress in Political Economy (PPE) Samuel Knafo aims at a difficult target in his splendid new book, The Making of Modern Finance. His goal is to demolish the almost intractable assumption so frequently attached to liberal financial go...

Here is Desan's review of the book www.ppesydney.net/reading-the-...

If you read Desan's one, I would also go for

Knafo, S. (2013). The making of modern finance: Liberal governance and the gold standard. Routledge.

Which in my opinion is amazing.

and

Sgambati, S. (2016). Rethinking banking. Debt discounting and the making of modern money as liquidity. New Political Economy, 21(3), 274-290.

Being in some form a "Sgambatian" myself, I would also suggest:

Sgambati, S. (2019). The art of leverage: A study of bank power, money-making and debt finance. Review of international political economy, 26(2), 287-312.

Sgambati, S. (2020). Historicizing the money of account: a critique of the nominalist ontology of money. Journal of Post Keynesian Economics, 43(3), 417-444.

Sgambati, S. (2015). The significance of money beyond Ingham’s sociology of money. European Journal of Sociology/Archives Européennes de Sociologie, 56(2), 307-339.

While they are not in book format, I would recommend the debates between Stefano Sgambati and Ingham on the nature of money. They are based on Sgambati sympathetic critique of Ingham:

Chaos in the numbers – the strange case of France’s budget deficit A no-confidence vote triggered by a dispute over the French budget has led to the collapse of the country’s government. Camilla Locatelli writes that France’s fiscal challenges offer important less…

In case you are also following the French situation minute by minute, here is my take on its implications for EU fiscal governance for the @lseeuroppblog.bsky.social

blogs.lse.ac.uk/europpblog/2...

As someone who has reported on AI for 7 years and covered China tech as well, I think the biggest lesson to be drawn from DeepSeek is the huge cracks it illustrates with the current dominant paradigm of AI development. A long thread. 1/

Rethinking predation under financialisation through the history of subprime mortgages: a case of raiding finance The ‘rentier’ model provides an influential framework for conceptualising the predatory traits of financialisation. It asserts that financialisation has empowered a class of rentiers who wield infl...

Happy to share my first article from my PhD thesis, now published in NPE:

"Rethinking predation under financialisation through the history of subprime mortgages: Toward a raider logic of finance." 🧵

Read here: doi.org/10.1080/1356....

DM me for one of 50 free copies.