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Jens van 't Klooster 💸💸💸

@jvtk.bsky.social
5.1K followers 1.4K following 636 posts

Political Economy, technocracy, legitimacy and more | "Non-profit finfluencer” | @UvA_AISSR @Politics_UvA

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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026
We think the real constraints are political and institutional. More than 200 separate bodies share responsibility across payments, investment and trade (we give you a list in the appendix). A concerted strategy needs to work across fields.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026
The puzzle: The EU is deeply embedded in the global dollar system, creating geopolitical risks and undermining EU sovereignty. However, the EU is a large trading block and has all the institutional conditions to make the euro into an alternative to the dollar.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026
Finally out, with @shahinvallee.bsky.social our ambitious story for European Macro Policy Network (EMPN) on the future of the global euro empn.eu/publication/...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 04/06/2026
⏰This proposal looks really well thought-through and may also contain important insights for the EU. 💡Doing away with liability is an effective way to cut red tape and promote new private sector initiative. 😎 Expect the European People's Party to make a similar EU proposal soon.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 09/04/2026
I'm serious, if you're still holding something and/or not reading this you're doing something wrong
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 01/04/2026
📢 Updated EBI working paper out 📢 ➡ “Cryptomercantilism vs. Monetary Sovereignty. How stablecoin laws shape the battle for international monetary supremacy“ (with Edoardo Martino and Eric Monnet) ⬅ Available #openaccess at @ssrn.bsky.social papers.ssrn.com/sol3/papers....
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 16/01/2026
Wow... Writing this paper was a bit like watching a soap opera unfold. But it's out now in @bjpir.bsky.social The big story is still: The ECB marched forward, with clear democratic authorisation, but not the Fed. Green central banking is much more democratic than people think.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 22/10/2025
At some point you have to ask whether it's economic policy or performance art
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 09/10/2025
Shots fired!
Sehr geehrte / Sehr geehrter Europäische Zentralbank,

Auf Basis der Informationsfreiheit in den EU-Verträgen, verbrieft in Verordnung 1049/2001, beantrage ich Dokumente, welche folgende Informationen enthalten:

Das Konzept für den Digital Euro in der Version 0.8

Mit freundlichem Gruß,

Markus Drenger
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 22/09/2025
We don't talk nearly enough about this (Bayoumi 2018)
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 19/09/2025
Draghi's vision of competitive polluting is a great opportunity to rethink tobacco red tape, big gdp boost and cost savings from lower life expectancy
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 19/08/2025
Thank you @elsevierconnect.bsky.social, really helpful AI-generated clarification of the term "face"
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 12/08/2025
Great @politico.eu coverage on the battle inside the ECB on unstable shitcoins as a means to internationalise the euro www.politico.eu/article/laga...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 12/08/2025
Thanks to the consultants of EY for helping firms orchestrate another round of sellers' inflation www.ey.com/en_be/insigh...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 24/07/2025
Ha-Joon Chang on the neglect of climate and the environment in today's economics degree @financialtimes.com www.ft.com/content/9aab...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 24/06/2025
It's happening: very lively @dezernatzukunft.bsky.social EMPN panel lays out the feasibility and immense EU and global benefits of euro internationalisation - @maxkrahe.bsky.social @shahinvallee.bsky.social @apsmolenska.bsky.social and Eric Monnet
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 18/06/2025
For the European Parliament, Eric Monnet, ‪@edomartino.bsky.social‬ and I wrote on USD stablecoins: Will Donald Trump get rich selling his private $$$ coins to EU residents? Probably not, but stablecoins may still uproot the global monetary order. www.europarl.europa.eu/cmsdata/2964...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 13/06/2025
Striking back hard at MAGA's Miran/Bessent plans, @steffenmurau.bsky.social and I propose a SUERF User's guide for euro internationalisation (based on our recent JEPP article) www.suerf.org/publications...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 26/05/2025
This seems like an extremely expensive way to boost the international role of the euro... www.ecb.europa.eu/press/key/da...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 23/05/2025
🔥🔥🔥
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 12/05/2025
We explain functional equivalence earlier on
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 12/05/2025
This?
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 12/05/2025
Lack of euro denominated safe asset reflects dumb EU debt rules, but also monetary policy choices and the ECB’s insane reliance on sovereign credit ratings, resulting in a minuscule €4.1 trillion in euro denominated safe assets compared to $21 trillion US safe assets.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 12/05/2025
We do a deep dive into the theory of currency internationalization. From the 1990s onwards, the EU thought of money mostly as a store of value and medium of exchange, neglecting money creation, in particular offshore - a bias that reflected a distorted reading of 1980s IPE scholarship.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 12/05/2025
The Fed and the Treasury have boosted the dollar’s international status since the 1950s. The EU wanted a “multipolar monetary regime” (1990) but had barely a strategy: "market-led" internationalization building on the ECB’s reputation for… price stability. Why?
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 12/05/2025
The failure of euro internationalizing is baffling. We show that the euro is used in just 31% of FX transactions—barely more than the D-mark before the euro launched. Even European firms often prefer to trade in dollars.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 10/05/2025
Perfect Hélène Rey debunking the pervasive and unshakable belief that currency hegemony necessitates current account deficits www.ft.com/content/5bc0...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 18/04/2025
Must read SUERF blog by Eric Monnet on a potential US strategy promoting USD stablecoins to maintain dollar supremacy, potentially increasing global dependence on the US dollar and weakening monetary sovereignty everywhere else www.suerf.org/publications...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 17/04/2025
Now comes the rub: In 2008 and later in 2022 a story could be concocted where "QE" pursued price stability. Today, Jerome Powell again warned about inflation, perhaps oblivious to the corner and where the paint is. /5
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 17/04/2025
Then in 2008 monetary financing became necessary again and central bankers discovered QE: government debt purchases dressed up as inflation targeting measures. /4
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 17/04/2025
Central banks tend to say their task is solely price stability, but since forever (and even preceding the inflation task) they have provided cash directly to governments when markets did not. /2
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 11/04/2025
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 09/04/2025
✨️✨️✨️
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 09/04/2025
If the USD loses safe haven status investors will not want to be the last to exit. A run on gold ended dollar convertibility in 1971 and a run can also undermine the current monetary order.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 03/04/2025
When you find yourself wholeheartedly agreeing with Deutsche Bank AG...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 03/04/2025
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 03/04/2025
Do not want to link but... there are some reasons to think they chatgpt'ed the tariffs. x.com/krishnanrohi...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 31/03/2025
Fascinating uptick in views for arcane scholarship on the monetary financing taboo...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/03/2025
My five cents in @bloomberg.com on the international euro “We’re not there yet, that’s clear, but people underestimate how quickly these things can move because they think about the pound sterling taking a century to be replaced by the dollar.” archive.ph/AktCB#select...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/03/2025
@tobyn.bsky.social @alphaville.ft.com on the difficult job of setting the US sovereign credit rating www.ft.com/content/2068...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 26/03/2025
The US provided its allies something really cheap: mere credibility in the commitment to NATO and dollar liabilities. The Mar-a-Lago agenda's historic mistake is to bankrupt that credibility, irreversibly tanking the US's value proposition.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 26/03/2025
Riveting write up of the EMPN @sandertordoir.bsky.social @shahinvallee.bsky.social report on Trump dollar armageddon by @westervangaal.bsky.social
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 24/03/2025
Potentially as big an event as Nixon closing the gold window in 1971. Without dollar swap lines European banks will need to dramatically cut their dependence on dollar funding. www.reuters.com/markets/some...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 13/03/2025
4/🔀 We simply lack similar metrics for most of nature. The definition of official “biodiversity IPCC” does not even fit in a skeet:
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 12/03/2025
📚✨ New paper alert: How are we doing on turning nature into a source of calculable risk? We take a critical look at how 1990s risk models and environmental science enable riskification, and study very new regulatory strategies that go beyond it. #openaccess: www.tandfonline.com/doi/full/10....
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 04/03/2025
Starry-eyed optimism!
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 23/02/2025
onlinelibrary.wiley.com/doi/full/10....
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 23/02/2025
This excellent film makes you want to read Shakespeare and play video games, must see stuff! www.youtube.com/watch?v=OloH...
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 20/02/2025
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 19/02/2025
Deeply grateful the Führer has not yet torpedoed the CBI literature
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