Political Economy and the Fed's Operating Framework

separating fact from fiction

Jun 26 • Vincient Arnold

2

1

Reflections on an Education

on processing eight years at universities

Jun 23 • Vincient Arnold

4

2

New Note Out: Stablecoins, FX Arbitrage, and Geopolitical Shocks

geopolitical risk-off events and stablecoin pegs

Jun 10 • Vincient Arnold

11

3

Checking in on Senegal

hidden debt, total return swaps, and political upheaval in Dakar

Jun 4 • Vincient Arnold

1

April 2026

Dispatch No. 6

Some relevant research and analysis

Apr 1 • Vincient Arnold

1

1

February 2026

Dollar Check-in: Argentina Swap, Yen

a check in on America's FX policy

Feb 24 • Vincient Arnold

2

2

Euro Emergency Liquidity Then and Now

a step toward euro internationalization?

Feb 17 • Vincient Arnold

6

1

December 2025

Is China's Official Lending a Net Positive for the World?

On China’s lending and global welfare

Dec 29, 2025 • Vincient Arnold

5

3

The Archetypes of the Policy Process

an introduction to the creatures of policymaking

Dec 21, 2025 • Vincient Arnold

6

4

Dispatch No. 5

A roundup of learnings

Dec 10, 2025 • Vincient Arnold

2

2

November 2025

Eurodollar Stablecoins, Bills, and Monetary-Fiscal Entanglement: Part III

Imagining a future monetary-fiscal arrangement

Nov 28, 2025 • Vincient Arnold

5

1

Eurodollar Stablecoins, Bills, and Monetary-Fiscal Entanglement: Part II

Can stablecoins unlock latent demand for Treasury securities?

Nov 21, 2025 • Vincient Arnold

6

2