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Taking Democracy for Granted http://duckofminerva.com/2016/11/taking-democracy-for-granted.html …
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The EU’s New Bomb Is Ticking in the Netherlands.http://www.wsj.com/articles/the-eus-new-bomb-is-ticking-in-the-netherlands-1479668148 …
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How to do economics, Venezuela’s Nemesis tracks black-market FX, swaying the price of everything.http://www.wsj.com/articles/venezuelas-nemesis-is-a-screw-salesman-at-a-home-depot-in-alabama-1479672919 …
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I've got good news and bad news about my friend, Schrödinger's cat...
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Italy’s Banks Are in a Slow-Motion Crisis. And Europe May Pay.http://mobile.nytimes.com/2016/11/20/business/dealbook/italys-banks-are-in-a-slow-motion-crisis-and-europe-may-pay.html …
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Full speech
@HyunSongShin The bank/capital markets nexus goes global https://shar.es/1IBaiw@BIS_orgpic.twitter.com/3tJfsGe9bE
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Only to be welcomed "Shake-up of fund managers proposed by UK regulator"http://on.ft.com/2g1Ewzh
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yes, "Antivirus tools are a useless box-ticking exercise says Google security chap’http://www.theregister.co.uk/2016/11/17/google_hacker_pleads_try_whitelists_not_just_bunk_antivirus_ids/ …
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We are fortunate to have such caring government. "most extreme surveillance law ever passed in a democracy,” http://www.zdnet.com/article/snoopers-charter-expansive-new-spying-powers-becomes-law/ …
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Remoaner lies. The Brexit Britain future is bright. UK faces £100bn Brexit hole in budget http://on.ft.com/2ghYWIC via
@FT -
You mean do a Boris? That would explain a lothttps://twitter.com/lutfeys/status/799160527712874496 …
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Spot on
@erikbryn, but downplays the adverse economic and social consequences. "The jobs that AI can't replace”.http://www.bbc.co.uk/news/technology-34175290 … -
Perceived risk and actual risk move in opposite directions. Riskometers report too little risk before a crisis and too high after
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The fact that market participants both react to the financial system and affect it means that almost all extreme risk is endogenous.
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If riskometers is all we use, we will underestimate the risk of large price drops
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Riskometers can only measure perceived risk.
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It is the self-preservation instinct of human beings that so often is a catalyst for crises.
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A fantastic talk today. Interesting to see vix de-throned.https://twitter.com/hyunsongshin/status/798554674819375105 …
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Hyun Shin: strong dollar means less risk appetite, wider strains in
#financialmarkets@LSEnews http://www.bis.org/speeches/sp161115.htm …pic.twitter.com/F1LUDdTAaY
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Hyun Shin: incipient
#deleveraging pressures have been building in recent months#crosscurrencybasis http://www.bis.org/speeches/sp161115.htm …
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Jon Danielsson
Larry the Cat
Systemic Risk Centre
Bank for Intl Settl.