Podcast Michael Bryan terbaik (2024)

In this brief chat, I review whether Bitcoins, scamcoins, digital coins and tokens can ever be real money. The answer: yes — if they have real ‘stuff’ backing them up.Most every tradable good/service (like chocolate) need prices to sit in a real economy. Py=mv is more than simple maths. It is the future of digital currencies. I give two sets of rec…

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Generation Z has little say in the financial infrastructure that will govern future generations 1:15:00

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10M ago1:15:00

1:15:00

We are building the new internet on the bones of the old. Like the early attempts to build airplanes using flappable wings. We take our grandfathers' understanding of law and economics - and try to apply it to Web3. In this podcast, I describe how a new set of laws and conventions could help us break out of the 'lock in' which keeps us using New Te…

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The Corrupt Institutions of Development Economics and Its Shadow Professoriate 26:58

2y ago26:58

26:58

Most of us use theories and empirical results from development economics all day long at the office. What if much of it led to under-development because of a shadowy group of advocates (or those who profess) benefit from bad theory and practice? I describe this Shadow Professoriate, the rules that keep it going strong, and their wages. I provide ba…

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How To Find An Arbitrator For Your Cross-Border Dispute 11:38

2+ y ago11:38

11:38

Afraid to arbitrate a dispute because you don't want to spend thousands of dollars on lawyers? You don't need to. In this clip, I tell you everything you need to know about finding and hiring an arbitrator like me, the arbitration process and what you can expect to get out of it.Oleh Bryane Michael

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Why Do Economists Use Models? 19:49

2+ y ago19:49

19:49

Why Do Economists Use Models? by Bryane MichaelOleh Bryane Michael

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How Can Public Procurement Law Affect FinTech? 25:55

3y ago25:55

25:55

Governments are trying to procure innovative FinTech sectors. Yet, no one yet knows what such FinTech should look like. In our paper, we look at how to amend existing procurement law domestically and internationally. For the paper: http://ssrn.com/abstract=3976018.Oleh Bryane Michael

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Wanda Case Study: What Should Chairman Wang Do? 32:00

5+ y ago32:00

32:00

Wanda Dalian Chairman Jian-Lin WANG had a decision to make. Should he, and Wanda by implication, compete with Disney aggressively, or do something else? What should the company's grand strategy be? And what is the role of the People's Republic's government in all this? This teaching video should help you with the issues behind the case study. Liste…

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Writing Anti-Corruption Regulations When Laws Don't Work 9:01

6+ y ago9:01

9:01

Anti-corruption laws are generally failing all over the world. Can regulation -- rather than legislation - hold the answer to more effectively fighting corruption? In this 'how to' episode, we describe 10 years of research on writing these rules. We argue that these rules teach us about the way administrative law is evolving - and how anti-corrupti…

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The Results about Polyarchy and Financial Centre Success 8:38

6+ y ago8:38

8:38

We find that financial centres balance democracy and autocracy, depending on trends in other international financial centres. Democracy can encourage financial innovation. Yet, autocracy can encourage 'focus' and cost-saving measures. The question is not whether an international financial centre benefits from becoming more democratic -- but whether…

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The Model and Econometrics of Polyarchy and Financial Centres 11:29

6+ y ago11:29

11:29

Data do not speak for themselves. Only a model can help us make sense of the flood of data we see. Only econometric analysis helps us separate the signal from the noise. We review our model and the way we adjust global financial networks for distorting variables like the way economies shift over time.…

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What Data Say About Democracy and Financial Success 8:10

6+ y ago8:10

8:10

Glancing at the data may show that democracy serves as the best incubator for financial centre success. We show the data - before applying the usual adjustments and controls which rigorous scientists would apply to make the data more reliable. We show how autocracy plays a greater role than one might think.…

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Why Care about Democracy's Effect on International Financial Centres? 3:42

6+ y ago3:42

3:42

Many people see democracy as bad for developing an international financial centre. Qatar. UAE. Moscow. Istanbul. Jersey. Malta. Shanghai... the list goes on. We describe why the question holds extra relevance now in the Brexit and Hong Kong full reversion to Mainland authority - and review our findings.…

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Does Democracy Help Grow an International Financial Centre? 32:00

6+ y ago32:00

32:00

Does democracy or autocracy political institutions best allow policymakers to grow their international financial centres? In this presentation, we show how these centres must respond to each other. Democratic inclusion in one place depends on another place. So does its centrality in the global financial system. We describe the importance of this qu…

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Why Should Central Banks Buy Private Securities as Part of Monetary Policy? 5:40

7y ago5:40

5:40

Central banks conduct monetary policy mostly through government securities markets (ie they buy and sell government bills, bonds, etc.) -- when not directly tampering with interest rates. Why should governments buy companies' securities directly - rather than support banks to do this? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_…

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Which Central Banks' Private Securities Purchases Would Most Goose Investment? 10:48

7y ago10:48

10:48

Which central banks' private securities purchases would contribute the most toward real investment in their jurisdiction(s)? Such monetary policy helps most when conventional monetary policy has failed (or will likely fail because of liquidity traps) and the executive part of government sags in corruption and incompetence. For more, see: https://pa…

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Do Central Bank Private Asset Purchases Actually Encourage Real Investment? 6:54

7y ago6:54

6:54

Econometric evidence shows a pretty clear line between central bank unconventional monetary policy (outright purchases) and output - usually because of its effects via money policy mechanisms. What about its effects on real investment (like in DNA sequencers, 3D printers, IP patents and "real" investment)? For more, see: https://papers.ssrn.com/sol…

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Should Central Banks Be Funders of Last Resort? 4:45

7y ago4:45

4:45

Would unconventional monetary policy aimed at buying private sector securities (stocks and bonds) helped boost lackluster investment? Particularly in developing and emerging markets? We look at the role that central banks - as funders of last resort - might have played in promoting investment. For more, see: https://papers.ssrn.com/sol3/papers.cfm?…

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Ballooning Central Bank Balance Sheets as Opportunity for Companies? 2:12

7y ago2:12

2:12

Central banks around the world bought up alot of securities. To what extent have central banks turned to buying private sector securities in a macroeconomic environment characterised by zero percent interest rates, low growth, investment, and ballooning debts? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3023795…

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Central Banks as Funders of Last Resort: Intro and Findings 4:07

7y ago4:07

4:07

Why can't central banks normally buy stocks and bonds from the private sector? What happens if/when they do? We introduce our subject, and quickly present our findings (that central bank purchases can promote investment under certain circumstances).For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3023795…

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Full Presentation: Central Banks' Securities Purchases' Effect on Investment 46:28

7y ago46:28

46:28

Why don't central banks buy our companies' stocks and bonds? Should they fund mostly governments? And expand credit through banks? We look at central banks' role as a "funder of last resort." We find that investment increases when central banks buy private sector assets - except under a certain "sloth effect." We describe how law fails to give cent…

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Who Wins from the World-Wide Competition Law Copy-a-thon? 4:14

7+ y ago4:14

4:14

Most governments copied competition law "best practice" - without accompanying templates on improving innovation/productivity. Competition acts are easy to copy. New ideas are not. Some countries like Singapore and Hong Kong will win out from more competition. Vietnam and even Japan won't -- unless law incentivises creativity. To see how much money…

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Competition Law Only Helps SMEs with Accompanying Innovation Legislation 4:21

7+ y ago4:21

4:21

The international organisations have pressured most countries into adopting competition laws. Many governments rightfully ignore them - because they harm domestic business (and particularly SMEs). If lawmakers adopt an innovation act at the same time as an antitrust act though, competition law can do more good than harm. For more, see: https://pape…

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Does Legal Independence for Competition Authorities Actually Matter? 4:27

7+ y ago4:27

4:27

Like with central banks, conventional wisdom has increasingly made competition authorities (commissions) independent. How does such independence look like in black letter law? Does the econometric evidence suggest that independence makes competition "better"? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240…

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Who Has the Best Competition Law for SMEs? 3:36

7+ y ago3:36

3:36

Competition law helps shape competition in a jurisdiction. "Better" laws help protect vulnerable businesses like small and medium enterprises (SMEs) - without hurting consumers. How do we measure the quality of such competition law? Who is ahead... and behind? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240…

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Who Has the Most and Best SMEs? 2:44

7+ y ago2:44

2:44

SMEs provide much employment and longer-term economic growth. They also often provide the next, new idea which leads to entire industries. Which countries encourage these SMEs? How competitive are they? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240Oleh Bryane Michael

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How to Draft Competition Laws to Help SME Development? 21:27

7+ y ago21:27

21:27

Competition often hurts SMEs more than helps them. In this presentation, we review competition laws in various countries (mostly Asia and Brunei as a concrete example). Without passing innovation legislation at the same time, competition law could well do more harm than good. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=300024…

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Regulating a Better International Financial Centre 4:00

7+ y ago4:00

4:00

What concrete laws can a jurisdiction pass to make its financial institutions more attractive for sunrise industries looking for money? We illustrate how new laws in Hong Kong can make its financial institutions ready to fund the complex and capital-intensive industries like the solar/photovoltaic sector. For more, see: https://papers.ssrn.com/sol3…

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Making Markets for Information with an International Financial Centre 6:04

7+ y ago6:04

6:04

An international financial centre represents a technology, a method of generating information about new opportunities and risks. We describe the value of information in an international financial centre using China's solar industry and Hong Kong's financing of that industry as an example. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstr…

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Why Securitisation Represents the Next Wave of International Financial Centre Finance 10:19

7+ y ago10:19

10:19

Benefits from securitisation well exceed the current offering of securitised debt and assets. An international financial centre ready to securitise a sunrise industry can fill a large void -- and earn large profits. Hong Kong's own experience has been to make casino bet instruments, rather than productive assets. Yet, it does not have to be that wa…

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Chicago Disintermediated China's Solar Industry Value Chains 7:29

7+ y ago7:29

7:29

How can an international financial centre dominate a sunrise industry's value chains? In this presentation, we show how US financial institutions disintermediated China's solar energy financing value chains -- locking out rivals in Hong Kong. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259…

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The Economics and Finance of an International Financial Centre 8:37

7+ y ago8:37

8:37

What drives the development of an international financial centre? We show how to estimate the economic impacts of a sunrise industry on a financial centre like Hong Kong. We also estimate the supply/demand for various types of securities used to fund the solar industry. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259…

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Estimating the Assets a Sunrise Industry Will Generate for Banks 11:13

7+ y ago11:13

11:13

How much money will a financial centre's financial institutions book from a sunrise industry. We illustrate the market sizing exercise -- showing how to estimate demand for various types of securities from a new sector. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259Oleh Bryane Michael

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Standard Advice on Financial Centres is Wrong 3:27

7+ y ago3:27

3:27

Want to build a world-class financial centre? Dont focus on banks. Focus on the sunrise industry that banks will lend to (finance). We review the standard approach to international financial centre development -- showing why its wrong. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259…

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Building Better Financial Centres: Hong Kong and the Solar Industry 51:10

7+ y ago51:10

51:10

Want to make a world-class financial centre? Dont focus on banks. Focus instead on creating the new industries whose money your banks will handle. This presentation reviews the way that financial centres grow -- and talks presents the law which can help foment such a financial centre. For more, see https://papers.ssrn.com/sol3/papers.cfm?abstract_i…

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Introduction to Comparative Public Sector Budgeting and Financial Management 2:08:46

8y ago2:08:46

2:08:46

The first in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on the course's skills and cases. The quality isn't great -- but why not to share with those interested?Oleh Bryane Michael

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Tackling Case Studies in Comparative Financial Management 2:32:40

8y ago2:32:40

2:32:40

The second in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on using class skills to succeed in mid-terms and finals (ie analysing real-world, practical cases). The audio quality isn't great -- but why not to share with those interested?…

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Empirical Methods in Comparative Public Financial Management 4:02:16

8y ago4:02:16

4:02:16

The fourth in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on using data to take decisions about government budgets and financial statements. The quality isn't great -- but why not to share with those interested?Oleh Bryane Michael

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Comparative Public Financial Management: Using What You Know 1:57:24

8y ago1:57:24

1:57:24

The third in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on using class skills in practical case study applications. The quality isn't great -- but why not to share with those interested?Oleh Bryane Michael

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Legal Reform's Profits in/for Qianhai 14:14

8y ago14:14

14:14

How much extra money can Qianhai companies make -- in a world where local governments adopt the best policies possible? About 10 times more than they would otherwise.Oleh Bryane Michael

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What Exactly Are Qianhai's Problems? 6:44

8y ago6:44

6:44

Qianhai can become so much more than just another urban development. We show the data about designing better urban innovation incubators. And review Hong Kong's failed innovation policy. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608Oleh Bryane Michael

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Understanding the Hong Kong-Shenzhen Innnovation System 5:19

8y ago5:19

5:19

Shenzhen does not grow the garden variety type of garage-style tech companies. How do companies, universities and government bodies come together to make start-ups? What does this suggest about Qianhai's future performance? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608Oleh Bryane Michael

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Synergy Between Shenzhen's Brains and HK's Financial Brawn 4:31

8y ago4:31

4:31

Shenzhen and Hong Kong bring something different - and complementary -- to the Qianhai innovation park (urban development). We review the data - and show how Qianhai can become so much more than just a fancy place to live and work. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608…

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Qianhai: How Not to Design an Innovation Hub 7:05

8y ago7:05

7:05

The data suggest that a bespoke innovation park serving Hong Kong and Shenzhen won't have much impact on company profits. Or innovation. We review the econometric studies - and Qianhai's costs. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608Oleh Bryane Michael

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Brief Overview of Qianhai Innovation Study 5:43

8y ago5:43

5:43

The video presents the major sections of our larger study - and presents the main results. Qianhai -- a property development in Shenzhen -- can revolutionize innovation for Hong Kong and Guangdong, if local policymakers let it. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608…

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Fixing Qianhai as an Innovation Centre 52:25

8y ago52:25

52:25

Qianhai is a new innovation centre -- meant to combine the powers of Hong Kong and Shenzhen. Yet, right now, its just another real estate project. How can we change local laws to make Qianhai a profit centre? How can Qianhai fix Hong Kong's currently failing innovation policies? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=290…

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Can Hong Kong Clean Up its Own Corporate Governance? 4:35

8y ago4:35

4:35

Hong Kong has come a lot way in terms of strengthening its corporate governance. Yet, Mainland markets need it to do more. We show Hong Kong's corporate governance weaknesses -- and show that reform won't cost Hong Kong's offshore incorporation and company secretarial firms very much. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_…

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Why China Can't Reform its Own Corporate Governance 6:49

8y ago6:49

6:49

China's economic fundamentals indicate that now is the perfect time to reform its corporate governance. Yet, China's institutions have "locked-in" existing poor corporate governance. Only outside influence from places like the US (or Hong Kong?) can help. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2914865…

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