Quantum computing poses new risks for the financial system by undermining traditional cryptography — but it can also enable impossible-to-counterfeit quantum money. While today’s digital money is a product of the first quantum revolution of the early 20th century, it is the second quantum revolution of the late 20th century that poses its greatest challenge….
Category: Economics
DLT for FMI: What is Missing?
Distributed ledger technology (DLT) is frequently highlighted as a game-changer for financial market infrastructure (FMI). Yet despite numerous pilots, proofs of concept, and even some production deployments, DLT has neither replaced nor fundamentally transformed today’s financial markets. Its adoption remains largely limited to niche applications. To better understand why, a cross-sector roundtable brought together participants…
Economics Curriculum Dr. Suess Style
Oh, the things you’ll learn in an Economics class, Where the concepts are deep, but the lessons will last! There’s micro and macro, and so much to know, You’ll see the world in a whole new glow! First up is micro, the study of supply, And the way that demand can make prices fly high….
Is Economics a Science?
On October 11, the Royal Swedish Academy of Sciences will award the 53rd Nobel Prize in Economic Sciences, or, as it is correctly called, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, since it is not one of the prizes originally endowed by Alfred Nobel but by the Swedish Central Bank….
Conspiracy Against the Public
Adam Smith is often regarded as the “father” of economics, given that his “An Inquiry into the Nature and Causes of the Wealth of Nations” of 1776 is the fundamental cornerstone of classical economics. Non-economists sometimes belief that economics favours or defends business interests, but this is not the case. Economics defends the public interest,…