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Dan Hinge

@danhinge.bsky.social
1.3K followers 744 following 525 posts

Benchmarks editor at Central Banking - covering economics, data and the BIS. Short stories published by Liars' League and Every Day Fiction 📚📰🚲🍲🏃🥾 Signal: @danhinge.89 www.centralbanking.com/author/danie…

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Reposted by Dan Hinge
Dom White @domw.bsky.social · 14/09/2026
I'm not sure who needs to know this, but the Fed now splits out hedge funds as an institutional class in the Flow of Funds report. So we can now see just how important they've been as buyers of US Treasurys and the answer is ... meh.
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Dan Hinge @danhinge.bsky.social · 30/07/2026
Not quite the same thing but I believe there are examples where central banks (Peru?) have deliberately injected volatility into FX markets to make traders think twice before placing any bets
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Dan Hinge @danhinge.bsky.social · 30/07/2026
Great stuff from @robarmstrong.bsky.social. I wonder if Warsh is trying something akin to the 'Turkey model' (CBRT circa 2015) - i.e. leaving the policy rate alone to please political masters and meanwhile manipulating market rates to be tighter. www.ft.com/content/fe3f...
ft.com
Kevin Warsh is confusing markets
The Fed is a player, not a referee
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Dan Hinge @danhinge.bsky.social · 25/06/2026
Surprised to find myself in the top 10% of the FT stockpicking game, with my ESG themed portfolio, "Friedman's nightmare". Games Workshop doing a lot of heavy lifting...
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Dan Hinge @danhinge.bsky.social · 24/06/2026
Excellent reporting by Jen here. Being able to weave a narrative might help Labour sell some of the good things it has done in government (and paper over the dodgy bits). But the flip-floppery is worryingly Starmer-esque. www.ft.com/content/9949...
ft.com
The decade that made Andy Burnham
What 10 years covering the Manchester mayor’s many reinventions taught me about the man who wants to lead Britain
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Dan Hinge @danhinge.bsky.social · 23/06/2026
@thomas-chow.bsky.social interviewed Sharon Donnery and the ECB has now published the text if you want a free version - one of main things she emphasises is that Europe is diverging from the US on bank regs, though still looking to simplify them www.bankingsupervision.europa.eu//press/inter...
bankingsupervision.europa.eu
Interview with Central Banking
European banking supervisors contribute to keeping the banking system safe and sound. European banking supervision comprises the ECB and national supervisors of the participating countries.
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Andrew Sissons @acjsissons.bsky.social · 21/06/2026
It seems to have become commonplace to blame net zero for Britain’s high energy bills and/or weak job market… … and I guess I’ll have to explain again why there is very little evidence of this. Britain has plenty of economic problems; net zero is not high on that list (though climate change is) 🧵
giftarticle.ft.com
Ed Miliband would be ‘noose around neck’ of job creation as chancellor, union boss warns
Comments by Sharon Graham come as Burnham team explores key government appointments
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Dan Hinge @danhinge.bsky.social · 16/06/2026
"What's that on the desk?" "Oh, just a letter from Jay Powell. We get a lot of those."
Letter from Jerome Powell thanking Central Banking for his Governor of the Year award
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Dan Hinge @danhinge.bsky.social · 08/06/2026
This book about Bagehot is quite peculiar and explores all sorts of miscellaneous details of his life, but succeeds in its mission of painting a detailed portrait of a remarkable person. Was fun to read and review: www.centralbanking.com/central-bank...
centralbanking.com
Book notes: Walter Bagehot: life and legacy, by Janet Seaton and Barry Winetrobe - Central Banking
This slim biography succeeds in its mission of painting a portrait of a remarkable man
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Dan Hinge @danhinge.bsky.social · 04/06/2026
Come work with me! We're looking for a data reporter (/analyst) to work on CB benchmarking apply.workable.com/infopro-digi...
apply.workable.com
Data Reporter - Infopro Digital Services Limited
Infopro Digital, the B2B group specialising in information and technology, is currently looking for a Data Reporter / Analyst on a permanent contract to strengthen the team at its Central Banking enti...
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Dan Hinge @danhinge.bsky.social · 28/05/2026
Our podcasts have been resurrected by my colleague Joasia, who is doing a new series of Tech Talk. So far: Genius act risks and AI use in central banks soundcloud.com/cb-on-air
soundcloud.com
CB On Air
Podcasts from the Central Banking team
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Reposted by Dan Hinge
Rob Ford @robfordmancs.bsky.social · 28/05/2026
Potentially a very big deal. Changing the Westminster electoral system would fundamentally change our politics. Lesson from other countries is also that once FPP has been ditched it is unlikely to be brought back.
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Rob Klose @robklose.bsky.social · 28/05/2026
As seen in Oxford! 🤣
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Dan Hinge @danhinge.bsky.social · 26/05/2026
Pretty remarkable story we have today of Georgia's central bank teaming up with Tether to launch a lari stablecoin. Details scant currently on how exactly this will work, but it's a very interesting partnership (with quite a tech-savvy central bank): www.centralbanking.com/fintech/7975...
centralbanking.com
National Bank of Georgia to launch stablecoin with Tether - Central Banking
Governor Turnava welcomes investment at regulatory framework launch
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ironeconomist.bsky.social @ironeconomist.bsky.social · 19/05/2026
Ok, so, a scenario no one in macro is talking about re oil and Iran is: what if consumers aren’t stupid and front run the expected shock. Then we will see a spike in saving, loss of consumption, and a classic General Theory type demand led recession.
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Dan Hinge @danhinge.bsky.social · 18/05/2026
Enjoyed writing this one: www.centralbanking.com/central-bank...
centralbanking.com
Battle of Trafalgar holds lessons on global liquidity – CEPR paper - Central Banking
Newly formed BdF struggled to cope with sudden loss of access to dominant currency
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Dan Hinge @danhinge.bsky.social · 15/05/2026
This is an incredible story and must have been hugely satisfying to write after several difficult legal battles www.ft.com/content/edbe...
ft.com
Crispin Odey and the £79mn libel battle that wasn’t
A legal fight revealed the disgraced financier’s thinking — and fresh allegations of misconduct
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Reposted by Dan Hinge
Alex Selby-Boothroyd @alexselbyb.bsky.social · 06/05/2026
Stagflation www.economist.com/britain/2026...
Chart from The Economist showing an increase in deer populations in Britain from 1995 to 2025
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Dan Neidle @danneidle.bsky.social · 29/04/2026
UK tax is going to be the highest since 1945. But public spending won't increase; in fact most of us will experience a decline in public services. Here's why - in a thread that I'd love to be completely wrong.
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Dan Hinge @danhinge.bsky.social · 27/04/2026
I wrote about the ways central banks are getting better at handling risk in monetary policy-making www.centralbanking.com/benchmarking...
centralbanking.com
Dark corners: the renewed push for risk-based monetary policy - Central Banking
Central banks are still struggling to perfect models, scenario analysis and risk communication
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Dan Hinge @danhinge.bsky.social · 21/04/2026
Very interesting inaugural speech from Shin as BoK governor. Planning big things - more focus on financial stability (very BIS-flavoured) and more won internationalisation, as well as an overhaul of how the central bank operates. www.centralbanking.com/central-bank...
centralbanking.com
Shin promotes novel approaches in inaugural address at BoK - Central Banking
Ex-BIS chief economist formally appointed head of South Korean central bank
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Reposted by Dan Hinge
Joseph Cotterill @jsphctrl.ft.com · 08/04/2026
“Once... Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions”: www.ft.com/content/02ae...
ft.com
Iran demands fees for ships passing Hormuz during ceasefire
Oil exporters’ union says fees to be paid in cryptocurrency and vessels monitored for weapons
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Gerry Canavan @gerrycanavan.bsky.social · 06/04/2026
Adam Roberts follows up on my Redshirts post from last week with one of his own: latestartrek.substack.com/p/star-trek-...
latestartrek.substack.com
Star Trek: Attrition Rates
The Trekkie shirt is deepest red/It shrouded oft our martyred dead
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Dr Stylite @columnist.bsky.social · 02/04/2026
Further to a conversation last night, can AI write a ‘locked room’ mystery story (eg Benoit Blanc etc etc)?
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Dan Hinge @danhinge.bsky.social · 01/04/2026
"Most respondents were not supportive of the potential introduction of minimum haircuts..." Astonishingly, the hedge funds want to keep their leverage. www.bankofengland.co.uk/paper/2026/d...
bankofengland.co.uk
Enhancing the resilience of the gilt repo market – discussion paper feedback statement
This feedback statement provides a summary of the responses to the September 2025 discussion paper ‘Enhancing the resilience of the gilt repo market’ and outlines how the Bank intends to progress this...
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Dan Hinge @danhinge.bsky.social · 30/03/2026
Kinda weird to me that Miran wants to try all sorts of gimmicks to allow the market to cope with $2tn less reserves, but doesn't want the Fed to go back to a scarce reserve framework www.centralbanking.com/central-bank...
centralbanking.com
Shrinking Fed’s balance sheet a ‘solvable challenge’ – Miran - Central Banking
Central bank can shed $2 trillion off ledger without hitting scarce reserves threshold, governor says
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Duncan Weldon @duncanweldon.bsky.social · 28/03/2026
www.ft.com/content/4f09... Genuinely hard to overstate how much of a strategic defeat it would be for the United States if the war ends with effective Iranian control of the Strait.
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Hannah Fearn @hannahfearn.bsky.social · 24/03/2026
Are you a young person who wants to be a journalist? Go from built environment and housing expertise to... anywhere you want! I went up to comment editor of 2 national newspapers (and now do all sorts for everywhere) Here's your brilliant first step: www.journoresources.org.uk/job/ibp-summ...
journoresources.org.uk
IBP Summer Internship Scheme 2026 - International Building Press
Pays National Living Wage or London Living Wage (if in London).
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Reposted by Dan Hinge
Giles Wilkes @gilesyb.bsky.social · 23/03/2026
I am beginning to wonder if this is a big error. This is not 2022, there isn't a gallon-load of demand-fuel in the system, history doesn't always repeat or even rhyme. Policy needed tightening then becaus NGDP growth was way outside its good range. Now it is where it should be ...
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Dan Hinge @danhinge.bsky.social · 16/03/2026
Helene Rey is taking over from Hyun Shin at the BIS www.bis.org/press/p26031...
bis.org
Hélène Rey appointed as Economic Adviser and Head of Monetary and Economic Department
Hélène Rey, Professor of Economics at London Business School, appointed as Economic Adviser and Head of the Monetary and Economic Department of the BIS. Ms Rey is appointed for a five-year term, effec...
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Reposted by Dan Hinge
Justin Wolfers @justinwolfers.bsky.social · 13/03/2026
HUGE (and GOOD) news: Federal court has thrown out the President's attempt to throw the Fed Chair in jail.
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Dan Hinge @danhinge.bsky.social · 12/03/2026
Eddie Yue and the fraudster bananas - www.centralbanking.com/awards/79752...
centralbanking.com
Communications initiative: Hong Kong Monetary Authority - Central Banking
Innovative campaign supported by top leadership has helped counter rising levels of financial scams
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Dan Hinge @danhinge.bsky.social · 12/03/2026
I rounded up the story so far on possible financial instability from the Iran conflict yesterday. Besides a few trades going bad there's not much sign of trouble yet. As always things can spiral quickly though, a risk that grows if the strait stays shut www.centralbanking.com/central-bank...
centralbanking.com
No signs yet of war triggering financial distress, analysts say - Central Banking
Markets have been orderly so far, but picture could change if Strait of Hormuz remains shut
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Reposted by Dan Hinge
Robert Smith @bondhack.ft.com · 12/03/2026
Faced with a financial scandal that has ensnared some of the biggest names on Wall Street, I made the obvious move: catching a tube to the end of the Northern Line to eat a fry-up in a greasy spoon. Shoe-leather (and antacids) reporting on Market Financial Solutions here: www.ft.com/content/c522...
ft.com
We visited the greasy spoon owned by MFS’s auditor (with a mortgage from MFS)
Eating a fry-up for breakfast in the name of investigative journalism
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Dan Hinge @danhinge.bsky.social · 12/03/2026
I'm late to Shin's (very good) tokenisation = fragmentation paper. One interesting implication is that it seems it will be very difficult for any stablecoin to become systemically important, at least on the basis of size (though maybe interconnectedness?) www.bis.org/publ/work133...
bis.org
Tokenomics and blockchain fragmentation
Money is a coordination device underpinned by strong network effects: the more others accept a form of money, the more I wish to adopt it too. The decentralisation agenda of public permissionless bloc...
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Dr Stylite @columnist.bsky.social · 11/03/2026
Truly world class
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Paul J Davies @pauljdavies.bsky.social · 10/03/2026
Stablecoins, even less useful than you thought! via @tobyn.bsky.social Stablecoin = Fracturedcoin www.ft.com/content/4724...
ft.com
Stablecoin = Fracturedcoin
If stablecoins are the future of money, the BIS reckons the future looks a bit rubbish
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Dan Hinge @danhinge.bsky.social · 22/02/2026
Fun fact, Central Banking used to be based in Soho, in our more bohemian youth (2012)
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Nick Timiraos @nicktimiraos.bsky.social · 21/02/2026
Hassett retracts his admonition of the Fed economists: “The Fed’s independence extends to its research. It and it alone must decide what research to conduct to further its mission. The authors of this study are all excellent economists.” larrykotlikoff.substack.com/p/kevin-hass...
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Dan Hinge @danhinge.bsky.social · 20/02/2026
Really interesting. US graduates earn a huge amount more, despite similar skills at graduation, because they are graduating into a much more productive economy
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Sarah O'Connor @sarahoconnorft.ft.com · 20/02/2026
Such a good piece today from @jburnmurdoch.ft.com which shows that the declining graduate premium is very much a UK problem rather than a general (or inevevitable) consequence of more people going to uni www.ft.com/content/649d...
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Karthik Sankaran @rajakorman.bsky.social · 18/02/2026
And as front end interest rates (i.e., vig) fall, the incentive structures for stablecoin issuers to be somewhat more cavalier about both their assets and their liabilities (KYC etc) increase.
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Dan Hinge @danhinge.bsky.social · 18/02/2026
Interestingly hard to design a stable stablecoin that works as money. E.g. you back it fully with unremunerated reserves - oh dear, the business fails. Or you put on redemption gates - oh dear, it's not money any more.
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Karthik Sankaran @rajakorman.bsky.social · 18/02/2026
Also bsky.app/profile/raja...
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Dan Hinge @danhinge.bsky.social · 18/02/2026
I spoke with Marco Gross from the IMF about his work on how stablecoins might start to impact the structure of government bond markets www.centralbanking.com/central-bank...
centralbanking.com
Economists warn of emerging ‘sovereign-stablecoin nexus’ - Central Banking
Researchers model regulatory options as stablecoins become intertwined with core markets
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Dan Hinge @danhinge.bsky.social · 11/02/2026
If my back-of-the-envelope maths is right, the bitcoin crash this year has wiped out about a third of Tether's net equity. Have I got a decimal place wrong? That seems nuts. Latest disclosure data here: tether.to/en/transpare...
tether.to
Tether – Official Home of TetherTransparency
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Dan Hinge @danhinge.bsky.social · 04/02/2026
Super interesting FSB report out today with data on the repo market. Check out those haircuts - nearly three quarters at zero and 7% negative. Fill yer boots, as much leverage as you like! www.fsb.org/uploads/P040...
Charts showing that most non-centrally cleared repos take place without haircuts
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Naomi Alderman @naomialderman.bsky.social · 25/01/2026
this is not about current events. it's a bit about Hamnet and a lot about how hard it is to write about things that are too tender and sacred for language, and how the internet of video might make harder. it's just about art, if you want some art today. naomialderman.substack.com/p/we-have-th...
naomialderman.substack.com
we have that within which passes show
on the post-literate world, the crassness of language and why Hamnet was always going to be hard to film. plus! what is 'just enough internet'? and the stationery renaissance
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Stephen Bush @stephenkb.bsky.social · 20/01/2026
Mark Carney's speech really is terrific: full text is here and very much worth your time.
paulwells.substack.com
The Carney doctrine
Open comment thread on the PM's Davos speech
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Claudia Sahm @claudia-sahm.bsky.social · 12/01/2026
Powell‘s words are clear and chilling. The Fed can’t defend itself from the White House. The Senate and the courts will have to step up. Will they?
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