‘Hoe bankiers geld scheppen’ in de bieb

Verschillende bibliotheken hebben een exemplaar van Hoe bankiers geld scheppen opgenomen in hun catalogus 🙂

Voor Vlaamse lezers: je kan gemakkelijk checken welke boeken in jouw plaatselijke bibliotheek zitten door te surfen naar

<naam stad of gemeente>.bibliotheek.be

Bijvoorbeeld: ieper.bibliotheek.be of antwerpen.bibliotheek.be

Bovenaan de pagina staat een zoekbalk waarin je de naam van de auteur of van het boek kan invullen.

Zo kan je bijvoorbeeld zien dat mijn boek momenteel uitgeleend is in Ieper.

Wist je trouwens dat je aan de bibliothecaris/bibliothecaresse kan vragen om een boek te bestellen?

A decade after Lehman fell: the best articles

A selection of the best articles I’ve read on the 10th anniversary of September 15, 2008.

Can we survive the next financial crisis?

Why claims that the 2008 bailout was a “success” should make you angry

Crisis firefighters still uninterested in fire prevention

The broken conversation about financial regulation

10 jaar bankencrisis (in Dutch)

Zo word je een topbankier

Vandaag begint het nieuwe academiejaar aan de Vlaamse universiteiten.

Wie apotheker wil worden, volgt farmaceutische wetenschappen. Advocaten in spe studeren rechten.

Wie droomt van een carrière bij een financiële instelling kan terecht in de richting financie- en verzekeringswezen aan de hogeschool. Aan de universiteit is er echter geen ‘vakopleiding’ voor bankiers.

Hoe kan je dan toch een topbankier worden? Continue reading “Zo word je een topbankier”

So you want to be a banker

Want to be a lawyer? Go to law school.

Want to be a doctor? Go to med school.

Want to be a banker? Go to… bank school?

You don’t have to study economics to get into banking. Many bankers have degrees in philosophy, geography, mathematics, civil engineering, law, or history.

Bank managers don’t care that their employees have studied Old French poetry or Kant’s Kritik der reinen Vernunft. To employers, a university degree indicates perseverance and an ability to learn new things.

However, there are some specific things you can learn to get ahead. The following four skills will boost your career in finance. Continue reading “So you want to be a banker”

Ten years after Lehman Brothers

The ten year anniversary of Lehman Brothers’ bankruptcy is fast approaching. Some quick thoughts on what has changed and what we’ve learned over the past decade, with a focus on Europe.

  1. Banks are much safer now than they were in the summer of 2008.
  2. There’s a remarkable lack of entrepreneurship in banking. A few fintechs offer payment services, but payments are only a small part of banking. Where are the new banks?
  3. Related to point 2, and something I’ve changed my mind about over the years: bailing out the banks was the right thing to do. I highly doubt that we would have experienced much creative destruction by letting the financial system collapse. That being said, the way the bailouts were done was horrible.
  4. The way the European establishment handled the euro crisis was an abomination. Fiscal and monetary coordination across Europe would have resulted in lower unemployment, lower debt, lower taxes.
  5. Notwithstanding the importance of money in people’s daily lives, financial literacy is still limited.

Elke dag (Money) Laundry Day

Facebookpost over de rol van banken in de strijd tegen crimineel geld:

Links:

Voor wie meer wil lezen over dit onderwerp:

Down to the corporate side!

The Up to the Mountains and Down to the Countryside Movement was a government policy in the People’s Republic of China during the 1960s and 1970s. From Wikipedia: “privileged urban youth [were] sent to mountainous areas or farming villages to learn from the workers and farmers there.”

A lot of economists and economic historians study aggregated data, e.g. gross domestic product, inflation, trade flows, or productivity.

Such a high level approach is valuable. However, the macro perspective by definition misses the details. A macroeconomist will typically explain productivity growth by referring to increases in (human) capital and total factor productivity. But how exactly do concrete changes lead to higher output? Continue reading “Down to the corporate side!”

The most devastating cyberattack in history

Wired has a great article (warning: long but worth your time) on last year’s cyberattack. It started as part of the Russian cyberwar against Ukraine. Almost immediately, companies around the world became collateral damage. Andy Greenberg’s Wired story highlights the impact on shipping giant Maersk.

Just to illustrate the vulnerability of IT systems:

Maersk’s 150 or so domain controllers were programmed to sync their data with one another, so that, in theory, any of them could function as a backup for all the others. But that decentralized backup strategy hadn’t accounted for one scenario: where every domain controller is wiped simultaneously. “If we can’t recover our domain controllers,” a Maersk IT staffer remembers thinking, “we can’t recover anything.”

The total damage caused by the attack has been estimated at $10 billion…