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Category Archives: Financial System

Disconnected Youth: A Look at 16 to 24 Year Olds Who Are Not Working or In School

CRS – Disconnected Youth: A Look at 16 to 24 Year Olds Who Are Not Working or In School. Adrienne L. Fernandes-Alcantara, Specialist in Social Policy. October 1, 2015.

“This Congressional Research Service (CRS) analysis expands the existing research on disconnected youth. The analysis uses Current Population Survey (CPS) data to construct a definition of “disconnected.” This definition includes non institutionalized youth ages 16 through 24 who were not working or in school at the time of the survey (February through April) and did not work or attend school any time during the previous year. The definition is narrower than those used by other studies because it captures youth who are unemployed and not in school for a longer period of time. This is intended to exclude youth who may, in fact, be connected for part or most of a year. Youth who are both married to a connected spouse and are parenting are also excluded from the definition. For these reasons, the number and share of youth in the analysis who are considered disconnected are smaller than in some other studies. Still, 2. 4 million youth ages 16 through 24—or 6. 1% of this population—met the definition of disconnected in 2014,meaning that they were not in school or working for all of 2013 and at some point between February and April of 2014. Between 1988 and 2014, the rate of disconnection fluctuated between 3.9% (1999 and 2000) and 7.5% (2010). As expected, rates of disconnection have varied over time depending on economic cycles.”

CRS – How Treasury Issues Debt

How Treasury Issues Debt – Grant A. Driessen, Analyst in Public Finance. October 1, 2015. “The U.S. Department of the Treasury (Treasury), among other roles, manages the country’s debt. The primary objective of Treasury’s debt management strategy is to finance the government’s borrowing needs at the lowest cost over time. To accomplish this Treasury adheresContinue Reading

Blog Series: Has U.S. Corporate Bond Market Liquidity Deteriorated?

New York Fed – October 05, 2015. Introduction to a Series on Market Liquidity: Part 2. Tobias Adrian, Michael Fleming, and Ernst Schaumburg “Market participants and policymakers have raised concerns about the potential adverse effects of financial regulation on market liquidity—the ability to buy and sell securities quickly, at any time, at minimal cost. MarketContinue Reading

Cross-border financial linkages: challenges for monetary policy and financial stability

Cross-border financial linkages: challenges for monetary policy and financial stability. BIS Papers No 82. October 2015. “Ever more extensive global financial linkages are changing in ways that have significant implications for policy. Asia-Pacific countries have experienced a particularly rapid growth in financial flows since the crisis. Against this background, the BIS’s Representative Office for AsiaContinue Reading

The impact of CCPs’ margin policies on repo markets

The impact of CCPs’ margin policies on repo markets by Arianna Miglietta, Cristina Picillo and Mario Pietrunti. Working Papers No 515. October 2015. “This paper quantifies the impact on the cost of funding in repo markets of the initial margins applied by central clearing counterparties (CCPs). We use contract-level data on the general collateral (GC)Continue Reading

CBO Assessment of the Long-Term Outlook for Interest Rates

Congressional Budget Office – CBO’s Assessment of the Long-Term Outlook for Interest Rates. Social Security Trustees Working Group, Washington, D.C. October 5, 2015. Wendy Edelberg, Assistant Director, Macroeconomic Analysis.

A Global Count of the Extreme Poor in 2012

A Global Count of the Extreme Poor in 2012 – Data Issues, Methodology and Initial Results. October 2015. World Bank Policy Research Working Paper 7432. “The 2014 release of a new set of purchasing power parity conversion factors (PPPs) for 2011 has prompted a revision of the international poverty line. In order to preserve theContinue Reading

Ending Extreme Poverty and Sharing Prosperity

Ending Extreme Poverty and Sharing Prosperity: Progress and Policies. Marcio Cruz, James Foster, Bryce Quillin and Philip Schellekens. Approved for distribution by Kaushik Basu, Chief Economist and Senior Vice President, World Bank. Ocotber 2015. “Three key challenges stand out: the depth of remaining poverty, the unevenness in shared prosperity, and the persistent disparities in non-incomeContinue Reading

Searching SSRN Just Got Easier

Abou SSRN: “SSRN’s new page centralizes all the tools you need to find stuff in the eLibrary. We combined Quick Search and Advanced Search onto one tab, and made it simple to switch to Browse SSRN Networks or Browse JEL Codes. Did you even know all of those functions existed?.. What’s New for the SavvyContinue Reading

BIS Working Papers – how monetary policy affects bank profitability; bond issuance by European banks; role of international reserves

Bank for International Settlements Working papers, October 1, 2015: •    The influence of monetary policy on bank profitability: “This paper investigates how monetary policy affects bank profitability. We use data for 109 large international banks headquartered in 14 major advanced economies for the period 1995-2012. Overall, we find a positive relationship between the level ofContinue Reading

Understanding the mortgage process: Your home loan toolkit

CFPB – The Know Before You Owe mortgage disclosure rule makes getting a mortgage easier for homebuyers and refinancers. It helps you shop for the loan that’s best for you and your family. To help you navigate the steps you have to take to get a mortgage, take a look at our new booklet, “YourContinue Reading

Texas Passes California as Top State in Volume of Wholesale Trade Sales

“Texas supplanted California between 2007 and 2012 as the state with the largest volume of sales for the wholesale trade sector, according to the U.S. Census Bureau’s most recent economic census. California was the top state in 2007, with $925.3 billion in sales, but its increase was only 4.7 percent to $969.2 billion in 2012.Continue Reading