Soon Parted

Daniel H. Neilson
Money, Credit, Finance / Critical Fintech / Financial Crises
Created 23 Mar 2021
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  • JPM Coin
    11 Jan 2022 • 2 min read • 2 0
    These days it seems like every financial company has a crypto team trying to figure out how to offer a blockchain product. This week software developer Steve Moser uncovered code and a logo image for ...
  • Getting back to normalization
    07 Jan 2022 • 2 min read • 3 4
    This week the Fed released the minutes of its December 2021 meeting. The document reflects a discussion of so-called "policy normalization," which is likely to be a dominant theme for the Fed in the c...
  • The big picture
    04 Jan 2022 • 3 min read • 8 0
    Welcome to 2022! I am glad to be getting the machine back into gear after a year-end hiatus. I also noticed that it's been half a year since I last spelled out what Soon Parted is all about. The newsl...
  • Film review: The Hummingbird Project
    17 Dec 2021 • 2 min read • 2 1
    Kim Nguyen's 2018 film The Hummingbird Project, starring Jesse Eisenberg, Alexander Skarsgård, Salma Hayek, and Michael Mando, sets a human drama around finance's pursuit of speed through technology. ...
  • Project Jura
    14 Dec 2021 • 3 min read • 3 1
    A reader asked me to take a look at Project Jura, an experiment in cross-border settlement using distributed ledgers. A joint effort by the BIS, the Banque de France and the Swiss National Bank, along...
  • The Fed's balance sheet during the pandemic
    10 Dec 2021 • 2 min read • 2 0
    The financial system sometimes produces payment imbalances that are too large for private balance sheets to absorb. The origins of such imbalances might be financial, as in 2008, or non-financial, as ...
  • Balance sheet as a service
    07 Dec 2021 • 4 min read • 4 2
    The contest over the future institutional structure of money is taking clearer shape. The competing interests can be understood in various ways, but roughly we could say that crypto is trying to disru...
  • Contractual equations
    03 Dec 2021 • 2 min read • 5 4
    Prof. Elham Saeidinezhad's new working paper builds out a Money View of FX swaps. Readers of Soon Parted will find in Dr. Saeidinezhad's paper a familiar set of conceptual reference points—attention t...
  • Repo from first principles
    30 Nov 2021 • 3 min read • 3 2
    Updated to fix the claim that collateral protects repo borrowers. There have been many reasons recently to attend to developments in the repo market. The Federal Reserve's balance-sheet expansion has ...
  • Outlines of platform finance
    19 Nov 2021 • 2 min read • 1 2
    Soon Parted will take next week off, and will return on November 30. Thanks for reading! I've been in the weeds for some weeks now, thinking about the changing financial system, both the global-dollar...
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