I try to keep up at least a weekly publishing schedule outside of holidays to remind readers that I exist. This unfortunately means that I need to do placeholder pieces like this one. Since I generally want to avoid wasting my readers’ time, I keep such articles short.
I have been making some progress on my banking manuscript, but I am not entirely sure about the recently added text. The new text I worked on was background material that later chapters will assume that the reader is somewhat familiar with (e.g., what is a balance sheet?). Although the drafts are in reasonable shape, they may need to be expanded upon as the later chapters are filled in. I will probably want to dump drafts on readers before the final editing pass, but it is probably better to hold off until all the background material is in place. I do not want to lose too many readers in the first chapter.
The bulk of my previous banking articles are article series that will be later chapters in the book. The overall chapter structure is likely acceptable, but I will need to delete material that is covered elsewhere in the book.
The inflation manuscript is obviously on the back burner, although I have been doing some editing. The text is much better shape than it was in January. At some point, I will need to bite the bullet and do my final editing pass (before external editing), but I prefer to hold off on that. I will have some dead time when travelling this summer that will be perfect for making notes on the manuscript. (I find that reading the draft on a tablet as a PDF on a tablet where I can add notes works well for such editing passes.)
https://www.bis.org/publ/qtrpdf/r_qt1412g.htm
BIS Quarterly Review December 2014
'Bank Business Models'
"We identify three business models: a retail-funded commercial bank, a wholesale-funded commercial bank and a capital markets-oriented bank. The first two models differ mainly in terms of banks' funding mix, while the third category stands out primarily because of banks' greater engagement in trading activities. On average, retail-focused commercial banks exhibit the least volatile earnings, while wholesale funded commercial banks are the most efficient. On the other hand, trading banks struggle to consistently outperform the other two business types."