miche-quiche

@miche-quiche.bsky.social

Études sociales de l'économie. Alain Desrosieres stan. Encyclopédiste-bibliographe. https://enoikopedia.miraheze.org/wiki/Main_Page https://oikopedia.miraheze.org/wiki/Accueil

Un des axes de réforme du Treasury market est l'amélioration de la transparence du marché, pour faciliter la détermination des prix et « l'efficience » & la liquidité du marché. Pourtant, un peu d'opacité est parfois souhaitable pour le bon fonctionnement d'un marché financier

Stock exchange price currents, financial information and market transparency: an introduction | Financial History Review | Cambridge Core

Stock exchange price currents, financial information and market transparency: an introduction - Volume 29 Issue 3

cambridge.org

New paper (for SASE 2026 Book Salon on Marieke Beck’s Extroverted Financialisation) “How liability management destabilized the banking system and now prevents banks from performing their core economic function” thread 1/26

Abstract: Starting in the 1960s US regulators permitted banks to compete for wholesale funding and engage in liability management in an environment where limits on bank competition were considered “financial repression.” By 1974 the predictable instability generated by this regulatory approach resulted in a US bailout of wholesale funding markets and a policy that is now known as “too big to fail.” Unfortunately the predictable structural instability that has resulted from a government backstop of banks that engage regularly and repeatedly in bad lending is not the worst consequence of this misguided regulation. Liability management has resulted in a complete restructuring of the lending behavior of the banking system. Banking systems were founded centuries ago to allow the expansion of the money supply to fund low-cost working capital loans that would facilitate economic growth by making transactions easier to complete and less likely to be prevented by financing constraints alone. Now banks use their ability to expand the money supply to make loans that are explicitly designed to be relatively high cost for borrowers – in order to provide safety and yield for the banks. In short, liability management has so transformed the banking system that it no longer functions.

« The transactions taking place within an economic system are never synchronized. The big corporations, the banks, and individuals all have spending plans following their own timelines, and thus a great deal of liquidity is systematically generated and a use has to be found for it. »

BP exiting the North Sea is a big moment in the history of the industry and Scotland’s economy. It’s been a long time coming, and marks an end to over a century of petroleum activities and more than 50 years of North Sea drilling. BP’s exit cannot be explained by short term tax policy changes 🧵

BP puts North Sea business up for sale

Chief executive Meg O’Neill says the business would be ‘better positioned as part of another company’, sparking recriminations over the basin’s high tax regime

thetimes.com

This is a huge book! At a simply ludicrous price - it makes mine look cheap! I wrote a chapter in it about cobalt nationalism & structural transformation in Indonesia 🇮🇩 & the Congo 🇨🇩. DM me if interested & I'll send you a pre-print. www.e-elgar.com/shop/gbp/han...

Handbook of Resource Nationalism

‘This is a much-needed collection for understanding the pressing intersections of sovereignty, nationalism and resource politics. Geographically, theoretically and empirically diverse, it is both an i...

e-elgar.com

« The conceptualisation of plural societies, originally argued by J. S. Furnivall in respect of colonial societies, perceives communal (racial or ethnic) distinctions as the principal social contradiction. They, above all else, explain the cleavages, tensions and conflict in society.