Udaibir Das

The Bank of England’s Financial Stability Report mentioned “resilience” eight times in 2015; by November 2024, the term had become the dominant theme in the text. This linguistic shift has become a systemic governing principle without operational meaning.

How ‘resilience’ became global finance’s mirage of strength

The borrowed metaphor now obscures more than it explains

 Financial firms have reconfigured their operations – from global integrators to jurisdictional separators, from efficiency maximisers to compliance optimisers, and from universal service providers to selective gatekeepers.

The impossible choice: tariffs, sanctions and fragmentation

Parallel financial systems could force either breakdown or reluctant reintegration 

A view of the Port of Oakland in California. Vulnerabilities from trade shocks or a new global trade regime ripple outward, potentially crippling financial systems and inflicting serious harm on the broader economy.

Preventing trade shocks from igniting the next financial crisis

Preparedness, not prediction, is the watchword

As central banks such as Bank Indonesia turn to AI models for predictive accuracy, historical analysis risks becoming secondary.

New AI models risk economic amnesia

Will machines that think also forget?