The Architecture of Decentralised Finance Platforms in the Post COVID-19 Era – A New Open Finance Paradigm

During the COVID-19 pandemic a new consensus has emerged which castigates modern finance for its tendency towards excessive leverage, and short-termism. As all this activity took place against a background of disappearing disposable incomes, it is not surprising that it also boosted inequality, especially between the asset-rich and the asset-light classes with the latter having […]

Financial Stability, Resolution of Systemic Banking Crises and COVID-19: Toward an Appropriate Role for Public Support and Bailouts

COVID-19 is primarily a health and human crisis which has evolved into an ever expanding economic crisis, but not yet a large scale financial crisis. So far, the financial sector has been central to directing financial resources to support economies and societies while governments battle the pandemic. As the length and depth of the economic […]