by Sebastian Schich | Jan 10, 2025 | Anchor assets, Crypto assets, fiat currencies, Safe haven asset, Stablecoins
Stablecoins are not robust anchors. In volatile financial markets, safety and stability are desirable. Hence, investors seeking refuge from economic uncertainties often gravitate towards safe-haven assets. Safe haven assets maintain or increase their value during...
by Sebastian Schich | Apr 13, 2024 | AI, Artificial intelligence, ChatGPT, GenAI, Google job search, Natural language models
Embracing individual morality in generative artificial intelligence The release of ChatGPT by OpenAI in late 2022 may well have been a tipping point for artificial intelligence. Since then, generative artificial intelligence (GenAI) models have moved beyond generating...
by Sebastian Schich | Nov 16, 2023 | Uncategorized
Yoann Ximenes at Paris Photo Days Photographers have made efforts to visualise sound waves for some time now. A recent notable effort is “Matières d’Écho,” an exhibition that showcases the work of plastic artist Yoann Ximenes. The exhibition runs...
by Sebastian Schich | Sep 14, 2023 | bank levy, Ending too-big-to-fail, financial safety net, financial sector guarantees, financial support for SMEs, implicit guarantees, TBTF, too-big-to-fail, why banks are special
Banking sector extraordinary privileges Banks benefit from an extraordinary privilege: in times of impending systemic financial crises, governments act as guarantors of last resort for banks’ financial obligations. This privilege is not paid, at least not...
by Sebastian Schich | Jul 20, 2023 | financial safety net, financial sector guarantees, financial support for SMEs, implicit guarantees, TBTF, too-big-to-fail
Financial sector guarantees are a key public policy tool All financial claims are risky. Against this background, governments have traditionally provided support for guarantees of financial claims, provided they of public policy interest. This choice is based on the...
