Illya Gerasymchuk
Entrepreneur / Engineer
Financial system infrastructure plumbing: how markets really work
Deep dives into the hidden infrastructure of global finance — repo markets, central bank operations, clearing systems, and the mechanics that keep money moving.
How the 1916 Fed Act Made Treasuries Prime Collateral
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In July I wrote a primer on the mechanics by which the Fed steers the prevailing interest rates in the economy.
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if you think they crypto will replace banks, you don't understand what banks are and how they work
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central banks have rejected holding Bitcoin in their reserves including Fed, ECB, PBoC and many others
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How Banks Create Money When Purchasing Assets
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my article on repo rates and BTC price was referenced on bitcoin.com
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real estate is a great asset because banks lend ≈75% of its value
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gold revaluation will NOT solve the US debt problem
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repo rates increase and borrowing decreases in quarter-ends
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when a bank buys an asset from a non-bank it creates broad money
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here's what yield spreads are saying about Bitcoin
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market makers and other dealers are also subject to regulatory balance sheet constraints
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by "central bank" I'm frequently referring to the broader set of the legal framework behind the macro monetary policy
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USD is the world's reserve currency, but what does that mean?
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how banks work? bank's business model is very simple:
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How Does the Federal Reserve Set Interest Rates?
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regulations may sound boring - but they're crucial to understand money, liquidity and financial system as a whole
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🇨🇳 china's central bank uses USD value as a key driver in economic policies #2
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🇨🇳 china's central bank uses USD value as a key driver in economic policies #1
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🚨FED just injected $11B of liquidity #2
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🚨FED just injected $11B of liquidity #1
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US Treasuries are by far the most popular collateral type in secured short-term funding markets (e.g. the repo market)
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Over 10 years the Russian Central Bank has increased gold holdings by x4.5
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90% of all newly issued debt is for refinancing of existing debt, not new debt/financing
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repurchase agreements are almost always over-collateralized #2
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