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Category Archives: Financial System

Fo First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds

“Broad demographic shifts in marital status, educational attainment and employment have transformed the way young adults in the U.S. are living, and a new Pew Research Center analysis of census data highlights the implications of these changes for the most basic element of their lives – where they call home. In 2014, for the first time in more than 130 years, adults ages 18 to 34 were slightly more likely to be living in their parents’ home than they were to be living with a spouse or partner in their own household. This turn of events is fueled primarily by the dramatic drop in the share of young Americans who are choosing to settle down romantically before age 35. Dating back to 1880, the most common living arrangement among young adults has been living with a romantic partner, whether a spouse or a significant other.  This type of arrangement peaked around 1960, when 62% of the nation’s 18- to 34-year-olds were living with a spouse or partner in their own household, and only one-in-five were living with their parents. By 2014, 31.6% of young adults were living with a spouse or partner in their own household, below the share living in the home of their parent(s) (32.1%). Some 14% of young adults were heading up a household in which they lived alone, were a single parent or lived with one or more roommates. The remaining 22% lived in the home of another family member (such as a grandparent, in-law or sibling), a non-relative, or in group quarters (college dormitories fall into this category)…”

Do We Need a Stable Funding Ratio? Banks’ Funding in the Global Financial Crisis

Lallour, Antoine and Mio, Hitoshi, Do We Need a Stable Funding Ratio? Banks’ Funding in the Global Financial Crisis (May 20, 2016). Bank of England Working Paper No. 602. Available for download at SSRN: http://ssrn.com/abstract=2783788 “We use data from the recent global financial crisis to study the importance of several structural funding metrics in characterisingContinue Reading

FY 2017 Financial Services and General Government Bill – Subcommittee Draft

House Committee on Appropriations, H. R. [Report No. 114–] Making appropriations for financial services and general government for the fiscal year ending September 30, 2017, and for other purposes: “Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the following sums are appropriated, outContinue Reading

Transportation and Warehousing Sector Drives Nonemployer Business Growth

“The number of businesses without paid employees rose by 831,317 or 3.6 percent to 23.8 million establishments from 2013 to 2014. Businesses without paid employees, such as operating a family-run corner store, acting as a real estate agent, pet sitting, blogging, and snowplowing, are refered to as nonemployer businesses. The transportation and warehousing sector (NAICSContinue Reading

Defense Divided: Overcoming the Challenges of Overseas Contingency Operations

Stimson Center: “As the wars in Iraq and Afghanistan have drawn down, the Overseas Contingency Operations (OCO) budget, initially intended for “emergency” war funding, has been used increasingly for purposes far afield of its original design. Despite troop withdrawals and recapitalization of the equipment used in the wars, large amounts of defense spending have continued to be assignedContinue Reading

Household Debt Steps Up, Delinquencies Drop

“The Federal Reserve Bank of New York’s Household Debt and Credit Report provides a quarterly snapshot of household trends in borrowing and indebtedness, including data about mortgages, student loans, credit cards, auto loans and delinquencies. The report aims to help community groups, small businesses, state and local governments and the public to better understand, monitorContinue Reading

New on LLRX – New Economy Resources 2016

Via LLRX.com – New Economy Resources 2016 – This guide by Marcus Zillman aggregates significant actionable sources for researchers focused on the “new economy,” including current and historical government data, analytics and alerts from Open Source providers, the private sector, and the legislative and regulatory sectors.

U.S.-EU Data Privacy: From Safe Harbor to Privacy Shield

Via FAS – CRS report, U.S.-EU Data Privacy: From Safe Harbor to Privacy Shield, Martin A. Weiss, Specialist in International Trade and Finance; Kristin Archick; Specialist in European Affairs. May 19, 2016. “Both the United States and the European Union (EU) maintain that they are committed to upholding individual privacy rights and ensuring the protectionContinue Reading

CRS – Federal Reserve: Legislation in the 114th Congress

Federal Reserve: Legislation in the 114th Congress, Marc Labonte, Specialist in Macroeconomic Policy. May 19, 2016. “The Federal Reserve (Fed) is the subject of legislation being considered in the 114th Congress. These bills contain wide-ranging provisions that can be grouped into four broad categories: Changes to Fed governance. Some proposals would change the Fed’s institutionalContinue Reading

How Effective Are Macroprudential Policies? An Empirical Investigation

Liberty Street Economics – NY Fed: “Macroprudential policy tools include caps on loan-to-value (LTV) ratios for housing loans, caps on debt service-to-income (DSTI) ratios, and quantitative limits on mortgages. Other tools include time-varying capital requirements (CR), loan loss provisioning (LP), consumer loan limits, and credit growth ceilings. Note that CRs are often implemented by adjustingContinue Reading

The Richest Person in Each State

Via MentalFloss – data from Forbes: “Last month Forbes put out a list of the richest people in each state. Some were obvious, like Bill Gates in Washington ($78.8 billion) or Warren Buffett in Nebraska ($70.2 billion). Other states, like Delaware, involved a little more digging by journalists Dan Alexander, Kerry Close, Maggie McGrath, Chase Peterson-Withorn,Continue Reading

Resource Investment in Competitive Markets

Resource Investment in Competitive Markets – PJM Interconnection, May 5, 2016 Executive Summary – “Organized wholesale electricity markets were created to address burgeoning costs of new power generation under the traditional regulatory scheme and to encourage innovation through free-enterprise competition. The discipline of the marketplace promised lower costs and greater efficiencies. Two decades of experienceContinue Reading