Just out - in a BIS Bulletin w Iñaki Aldasoro, Jon Frost, Fernando Perez-Cruz, we discuss the implications of frontier AI models' increasing cyber attack & defense capabilities: www.bis.org/publ/bisbull...
Raphael Auer
@raphauer.bsky.social
Economist, (own views) - research site: https://sites.google.com/site/raphaelauer/home
Just out - in a BIS Bulletin w Iñaki Aldasoro, Jon Frost, Fernando Perez-Cruz, we discuss the implications of frontier AI models' increasing cyber attack & defense capabilities: www.bis.org/publ/bisbull...
CfP - deadline March 15; our BIS, @cepr.org Cebra and @unibas.ch conference seeks papers on inflation heterogeneity - consumers, firms, and shocks - and the implications for aggregate inflation and policy: www.bis.org/events/26052...
CfP - deadline March 15; our BIS, @cepr.org Cebra and @unibas.ch conference seeks papers on inflation heterogeneity - consumers, firms, and shocks - and the implications for aggregate inflation and policy: www.bis.org/events/26052...
New report outlining how we used text embeddings to categorize >30 million products of the ECB's daily price dataset in a cost-efficient manner. The goal is to turn billions of prices into snapshots of current inflation: www.bis.org/publ/othp109...
📢 #CallForPapers - Heterogeneity & Inflation: From Microeconomic Variation to Macroeconomic Impact 📍26-27 May @ BIS | ⌛Deadline: 15 March cepr.org/events/heter... @unibas.ch @raphauer.bsky.social @leinsarah.bsky.social #EconSky
New report outlining how we used text embeddings to categorize >30 million products of the ECB's daily price dataset in a cost-efficient manner. The goal is to turn billions of prices into snapshots of current inflation: www.bis.org/publ/othp109...
Job alert: my current role. After 4 rewarding years leading the Eurosystem Centre, I’ll be moving back into a research role early next year. We’re also re-opening the search for the Nordic Centre Head — both applications close October 14: www.bis.org/careers/vaca...
Happy to announce Leap Phase 2: together with Swift, Nexi, Banca d'Italia, Banque de France, and Bundesbank, we are exploring the implementation of post-quantum cryptography in a European payment system: www.bis.org/about/bisih/... Congrats to the Leap team for launching this initiative!
We must prepare our financial system for quantum threats. A new paper shows how: www.bis.org/publ/bppdf/b... #Quantumcomputing poses a significant risk to global financial stability. This joint work with Donna Dodson, Angela Dupont, Maryam Haghighi, Nicolas Margaine, ... (1/3)
We must prepare our financial system for quantum threats. A new paper shows how: www.bis.org/publ/bppdf/b... #Quantumcomputing poses a significant risk to global financial stability. This joint work with Donna Dodson, Angela Dupont, Maryam Haghighi, Nicolas Margaine, ... (1/3)
How economically significant is decentralized finance (#DeFi)? www.bis.org/publ/work126... Total Value Locked (#TVL) aims to capture the size of any ecosystem by summing up the funds that are locked in a given ecosystem, much like the liability side of a bank’s balance sheet. However...
How economically significant is decentralized finance (#DeFi)? www.bis.org/publ/work126... Total Value Locked (#TVL) aims to capture the size of any ecosystem by summing up the funds that are locked in a given ecosystem, much like the liability side of a bank’s balance sheet. However...
Here's a new report from the Bank for International Settlements, showing the reality of digital assets with actual data. Yes, most activity is pure speculation. BUT, there is legitimate transactional cross-border usage of stablecoins. www.bis.org/publ/work126...
DeFiying gravity? An empirical analysis of cross-border Bitcoin, Ether and stablecoin flows
We investigate trends and drivers of cross-border flows of the two major native cryptoassets (Bitcoin and Ether) and the two major asset-backed stablecoins (Tether and USD Coin) between 184 countries ...
bis.org
New data shows #Stablecoins are quietly emerging as a global transactional means and reshaping remittance flows. Happy to share "DeFiying Gravity? An Empirical Analysis of Cross-Border Bitcoin, Ether and Stablecoin Flows," with Ulf Lewrick and Jan Paulick: www.bis.org/publ/work126... We...
New data shows #Stablecoins are quietly emerging as a global transactional means and reshaping remittance flows. Happy to share "DeFiying Gravity? An Empirical Analysis of Cross-Border Bitcoin, Ether and Stablecoin Flows," with Ulf Lewrick and Jan Paulick: www.bis.org/publ/work126... We...
Join the BIS Innovation Hub in Frankfurt, Paris, Hong Kong, London, Basel, Stockholm, Singapore, or Toronto. We have a number of secondment opportunities. Duration is typically 6-18 months. Find here more information on the job and how to apply: lde.tbe.taleo.net/lde01/ats/ca...
Join the BIS Innovation Hub in Frankfurt, Paris, Hong Kong, London, Basel, Stockholm, Singapore, or Toronto. We have a number of secondment opportunities. Duration is typically 6-18 months. Find here more information on the job and how to apply: lde.tbe.taleo.net/lde01/ats/ca...
I found this video by MIT Professor Andrej Karpathy really worth the time (3½ hours). A non-technical walkthrough on creating an LLM chatbot like ChatGPT. youtu.be/7xTGNNLPyMI?...
Deep Dive into LLMs like ChatGPT
YouTube video by Andrej Karpathy
youtu.be
I found this video by MIT Professor Andrej Karpathy really worth the time (3½ hours). A non-technical walkthrough on creating an LLM chatbot like ChatGPT. youtu.be/7xTGNNLPyMI?...
Deep Dive into LLMs like ChatGPT
YouTube video by Andrej Karpathy
youtu.be
Unlocking seamless, instant, and safe FX settlements - read our brand new report on Meridian FX connecting DL3S, the Trigger solution, and TIPS Hash-link to the UK RTGS system: www.bis.org/publ/othp94....
@raphauer.bsky.social, Cyril Monnet, & Hyun Song Shin discover that the economic gains from decentralisation of monetary ledgers are far from self-evident. One must balance decentralisation, security, and scalability. cepr.org/voxeu/column... #EconSky
For no particular reason, it might be a good time to repost my Starter pack of academic economists who study international trade go.bsky.app/G3dqAYg
Is there an economic case for decentralization? Below, some takeaways from a paper with Cyril Monnet and Hyun Shin, now available in the JFE: www.sciencedirect.com/science/arti... - Decentralization can provide benefits when validators are chosen from among the system’s users.... (1/3)
Please share! We are happy to announce up to 4 Adviser positions (Secondment). The BIS Innovation Hub Eurosystem Centre invites applications for Project Lead, Data Engineer, Economist, and Data Scientist. These roles offer opportunities to (1/4)...
Please share! We are happy to announce up to 4 Adviser positions (Secondment). The BIS Innovation Hub Eurosystem Centre invites applications for Project Lead, Data Engineer, Economist, and Data Scientist. These roles offer opportunities to (1/4)...
Is there an economic case for decentralization? Below, some takeaways from a paper with Cyril Monnet and Hyun Shin, now available in the JFE: www.sciencedirect.com/science/arti... - Decentralization can provide benefits when validators are chosen from among the system’s users.... (1/3)
Gain hands-on experience at the heart of global finance: BIS is offering internships (up to 11 months) across the Innovation Hub, Economics, and Banking. These positions are for recent graduates - application deadline is 24.03: www.bis.org/careers/inde...
