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Category Archives: Economy

Regulating Capital Flows at Both Ends: Does it Work?

IMF – Atish R. Ghosh; Mahvash Saeed Qureshi; Naotaka Sugawara, October 17, 2014 “This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient countries, as was originally advocated by John Maynard Keynes and Harry Dexter White. To this end, we use data on bilateralContinue Reading

Billions in Losses if Ebola Not Stopped

“With the latest death toll from Ebola now at 3,439 in the three worst-affected countries of Guinea, Liberia, and Sierra Leone, a new economic impact assessment from the World Bank Group says that if the epidemic was to significantly infect people in neighboring countries, some of which have much larger economies, the two-year regional financialContinue Reading

Recovery of financial market infrastructures – final report

“The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published a report entitled Recovery of financial market infrastructures. The report provides guidance to financial market infrastructures (FMIs) such as central counterparties (CCPs) on how to develop plans to enable them to recover from threats to their viabilityContinue Reading

Executive Order – Improving the Security of Consumer Financial Transactions

“Given that identity crimes, including credit, debit, and other payment card fraud, continue to be a risk to U.S. economic activity, and given the economic consequences of data breaches, the United States must take further action to enhance the security of data in the financial marketplace. While the U.S. Government’s credit, debit, and other paymentContinue Reading

Perspectives on Inequality and Opportunity from the Survey of Consumer Finances

Chair Janet L. Yellen At the Conference on Economic Opportunity and Inequality, Federal Reserve Bank of Boston, Boston, Massachusetts. October 17, 2014 “The distribution of income and wealth in the United States has been widening more or less steadily for several decades, to a greater extent than in most advanced countries. This trend paused during the Great RecessionContinue Reading

Consultative Document: Recovery and Resolution Planning for Systemically Important Insurers

“The Financial Stability Board (FSB) is launching today a public consultation on guidance for the identification of the critical functions and critical shared services for systemically important insurers. The guidance should assist national authorities in implementing the recovery and resolution planning requirements set out in the FSB Key Attributes of Effective Resolution Regimes for FinancialContinue Reading

Corporate governance principles for banks – consultative document

“The Basel Committee’s revised principles on corporate governance at banks build on the Committee’s 2010 document Principles for enhancing corporate governance. Specifically, the revised principles: strengthen the guidance on risk governance, including the risk management roles played by business units, risk management teams, and internal audit and control functions (the three lines of defence) andContinue Reading

Energy for growing and harvesting crops is a large component of farm operating costs

EIA: “The U.S. agriculture industry used nearly 800 trillion British thermal units (Btu) of energy in 2012, or about as much primary energy as the entire state of Utah. Agricultural energy consumption includes energy needed to grow and harvest crops and energy needed to grow livestock. Crop operations consume much more energy than livestock operations,Continue Reading

Struggling private student loan borrowers are still searching for help

CFPB: “In the years leading up to the financial crisis, many of the same subprime lending practices that led to troubles in the mortgage market also existed in the private student loan market. Like the homeowners who turned to their mortgage servicer to modify their loans but ran into customer service dead ends, lost paperworkContinue Reading

Preparing Our Communities for Climate Impacts: Recommendations for Federal Action

“The Georgetown Climate Center released 100 recommendations … to improve federal programs that could be used to prepare for climate change. The new report will inform the White House State, Local and Tribal Leaders Task Force on Climate Preparedness and Resilience. The report, Preparing Our Communities for Climate Impacts: Recommendations for Federal Action, draws from a seriesContinue Reading

How Do Liquidity Conditions Affect U.S. Bank Lending?

NY Fed: Ricardo Correa, Linda Goldberg, and Tara Rice  “The recent financial crisis underscored the importance of understanding how liquidity conditions for banks (or other financial institutions) influence the banks’ lending to domestic and foreign customers. Our recent research examines the domestic and international lending responses to liquidity risks across different types of large U.S.Continue Reading

DoD Contract Spending and the Industrial Base, 2000–2013

A Report of the CSIS National Security Program on Industry and Resources, October 2014 “Over the past decade, the Center for Strategic and International Studies (CSIS) has issued a series of analytical reports on federal contract spending for national security and across the government. This latest report analyzes contracting for products, services, and research and developmentContinue Reading