Stablecoins, scarce reserves, and the end of intraday liquidity complacency
A new BIS Working Paper is pitching “auction-based liquidity saving mechanisms” as the solution to upcoming intraday liquidity stresses.
The Blind Spot’s daily Discord linkfest
The first edition of our new automated Blind Spot aggregation post.
The Blind Spot’s editorial conference 22/12/25
After an initial tech snafu, our experimental morning editorial conf finally got underway. Topics covered today: Privateers, shadow finance, property rights, and casinos.