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drscottjames.bsky.social
Scott James
@drscottjames.bsky.social
1.1K followers 380 following 140 posts

Reader in Political Economy, King’s College London www.kcl.ac.uk/people/dr-scott-james IPE of finance and tech, monetary politics, City of London BANK POLITICS (OUP, 2023) https://global.oup.com/academic/product/bank-politics-9780192898609?cc=gb&lang=en& .. more

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Political science 38%
Economics 34%
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Mar 18
New article with Lucia Quaglia on how EU banks and EU regulators engaged in ‘noisy geopolitics’ by leveraging the digital sovereignty agenda to push for tighter controls on (US) bigtechs. Part of a special issue on ‘Transformation of Banking’ in Competition and Change
doi.org/10.1177/1024...
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 1d
If AGI is possible in the future, wouldn’t it have found a way to manipulate the present to avoid a bubble? 🧐

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 1d
see also SPMG Maths
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 1d
PE: ‘Lacks enthusiasm’

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 1d
British PE equipment as postwar political economy:

The Apparatus - peak Thatcherism, shiny and new, novelty soon wore off

The Horse - solid postwar settlement with impending sense of danger
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 1d
Opposing perspectives on the UK’s macro predicament, but both of which echo postwar left and right narratives about declinism rooted in pathologies of the British state, ie. BOE orthodoxy vs Westminster politics

Reposted by John Hogan

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 4d
Fama: ‘Bitcoin is going to zero within 10 years…or we’ll need to start all over with monetary theory’
www.capitalisnt.com/episodes/why...
Why This Nobel Economist Thinks Bitcoin Is Going to Zero, with Eugene Fama | Capitalisn't
In December 2024, Bitcoin, one of the earliest cryptocurrencies and undoubtedly the most famous, hit $2 trillion in market capitalization, bigger than Tesla, Meta, and Saudi Aramco. In this episode, N...
www.capitalisnt.com
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 6d
‘Treasury officials privately queried the size of the potential windfall…but the OBR does not score asset seizures in its forecasts and crypto assets are not recorded as financial assets for the purpose of fiscal statistics, one Treasury official said.’ 🙁
www.ft.com/content/9b01...
UK seeks to keep £5bn bitcoin haul after money laundering convictions
Complex legal battle over seized assets could run for years
www.ft.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 6d
Onto central bank balance sheets presumably
ersquare.bsky.social
R @ersquare.bsky.social · 6d
Wasn’t the entire point to move risk away from banks? Now we want to move risk away from NBFI too? Where will it go? To NNNBFI (Non-NBFI Non-Bank Financial Institutions)?
financialtimes.com
Financial Times @financialtimes.com · 6d
Christine Lagarde calls for tougher rules on ‘darker corners’ of finance on.ft.com/3VKr7BF
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Reposted by James Scott, John Hogan

ersquare.bsky.social
R @ersquare.bsky.social · 6d
Wasn’t the entire point to move risk away from banks? Now we want to move risk away from NBFI too? Where will it go? To NNNBFI (Non-NBFI Non-Bank Financial Institutions)?
financialtimes.com
Financial Times @financialtimes.com · 6d
Christine Lagarde calls for tougher rules on ‘darker corners’ of finance on.ft.com/3VKr7BF
Christine Lagarde calls for tougher rules on ‘darker corners’ of finance
ECB president wants regulation beefed up for non-banks such as hedge funds, private equity and insurers
on.ft.com
3 8 9

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 6d
London calling 🚨
Turbocharging stablecoins 🤝 DeFi-ing the digital pound?
www.bloomberg.com/opinion/news...

Reposted by James Scott, John Hogan

financialtimes.com
Financial Times @financialtimes.com · 6d
Christine Lagarde calls for tougher rules on ‘darker corners’ of finance on.ft.com/3VKr7BF
Christine Lagarde calls for tougher rules on ‘darker corners’ of finance
ECB president wants regulation beefed up for non-banks such as hedge funds, private equity and insurers
on.ft.com
3 16 74

Reposted by James Scott, John Hogan

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 8d
This line right at the end of Bailey’s stablecoin piece seems the most significant and radical idea to me: “we will set out that widely used UK stablecoins should have access to accounts at the BoE in order to reinforce their status as money”.
gift lnk
on.ft.com/3IQ9NYU The new stablecoin regime
The new stablecoin regime
An innovative technology must still answer old central banking questions
on.ft.com
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Reposted by James Scott

benwinkley.bsky.social
Ben Winkley @benwinkley.bsky.social · 14d
Burnham: I don't think the bond market should dictate what we can and can't do

Bond market: Woah, woah, woah, you can't say that

on.ft.com/3IfUrNh
Andy Burnham’s borrowing plans would spook gilt market, investors warn
Fund managers say fresh borrowing spree would drive up gilt yields and dent the pound
on.ft.com
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 15d
3 years 🥹
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 17d
We’re now a truth social post away from weaponised swap lines ⏰
ronfilipkowski.bsky.social
Ron Filipkowski @ronfilipkowski.bsky.social · 17d
Sounds like the US is about to bail out Trump’s pal Javier Milei. ‘America First’ always has lots of exceptions.
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Reposted by Benjamin Braun, John Hogan

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 17d
New article with Lucia Quaglia examining the EU’s defensive statecraft to defend financial sovereignty around central clearing houses and Bigtech digital platforms, in Journal of International Economic Law
doi.org/10.1093/jiel...
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Reposted by Steve Peers, Laia Balcells, James Scott

ronfilipkowski.bsky.social
Ron Filipkowski @ronfilipkowski.bsky.social · 17d
Sounds like the US is about to bail out Trump’s pal Javier Milei. ‘America First’ always has lots of exceptions.
280 790 2.3K

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 20d
Admittedly far beyond the scope of what’s proposed here, but arguably a category error to assume that a decentralised blockchain is a natural evolution of postwar eurodollar markets when it represents something entirely new
drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 20d
Feels like a well worn path but raises many questions:
1) What exactly would the UK be aligning with given all the US loopholes?
2) How will issues of multi issuance / cross-border redemptions be managed?
3) Ultimately will the Fed backstop all this with swap lines?
www.ft.com/content/3b81...
UK set to announce closer co-operation with US on cryptocurrencies
Chancellor Rachel Reeves hopes greater regulatory alignment will allow better access to America’s deep capital markets
www.ft.com
1

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 20d
Feels like a well worn path but raises many questions:
1) What exactly would the UK be aligning with given all the US loopholes?
2) How will issues of multi issuance / cross-border redemptions be managed?
3) Ultimately will the Fed backstop all this with swap lines?
www.ft.com/content/3b81...
UK set to announce closer co-operation with US on cryptocurrencies
Chancellor Rachel Reeves hopes greater regulatory alignment will allow better access to America’s deep capital markets
www.ft.com
1

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 21d
IMF going all in on stablecoins right now
www.imf.org/en/Publicati...
1

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 21d
Trump’s crypto policy to ‘save the dollar’ from…Trump’s tariff policy?https://www.ft.com/content/0d40abd6-70e3-4332-80e4-aa852cb9f026
Eric Trump says crypto can ‘save the US dollar’
President’s son predicts inflow of digital asset wealth from overseas would bolster US currency
www.ft.com
2

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 22d
Fwiw, Labour will likely be paying a ‘Farage premium’ on gilt yields long before Parliament is dissolved
drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 22d
An important reminder that the outcome of the next election is unlikely to be a Brexit or Truss mini budget-level event in the eyes of bond investors www.ft.com/content/a97d...
Nationwide chair attended breakfast with Reform UK
Kevin Parry is one of the first senior UK bank executives to engage with Nigel Farage’s rightwing populist party
www.ft.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 22d
Vibes
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 22d
An important reminder that the outcome of the next election is unlikely to be a Brexit or Truss mini budget-level event in the eyes of bond investors www.ft.com/content/a97d...
Nationwide chair attended breakfast with Reform UK
Kevin Parry is one of the first senior UK bank executives to engage with Nigel Farage’s rightwing populist party
www.ft.com
1

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 24d
Turkey 🧐
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 24d
Ultimately the prospect of expanding sterling stablecoins backed by short term gilts will be a huge temptation for any future government
www.imperial.ac.uk/business-sch...
1

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 24d
Aside from whether the UK outlier position on stablecoins proves sustainable, the bigger systemic issue is the scale and scope of the prospective clash between the BOE and a future Reform-led government
financialtimes.com
Financial Times @financialtimes.com · 25d
Crypto groups hit out at BoE plan to limit stablecoin ownership on.ft.com/4gouAyY
Crypto groups hit out at Bank of England plan to limit stablecoin ownership
Proposals would give UK much stricter rules for market than US or EU
on.ft.com
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