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Category Archives: Financial System

Hoard Behavior During Commodity Bubbles

de Paula, Aureo and Hong, Harrison G. and Singh, Vishal, Hoard Behavior During Commodity Bubbles (February 2015). CEPR Discussion Paper No. DP10441. Available for download at SSRN: “Hoarding by large speculators is often blamed for contributing to commodity market panics and bubbles. Using supermarket scanner data on US household purchases during the 2008 RiceContinue Reading

Hawks and Doves at the FOMC

Eijffinger, Sylvester C. W. and Mahieu, Ronald and Raes, Louis, Hawks and Doves at the FOMC (February 2015). CEPR Discussion Paper No. DP10442. Available for download at SSRN: “In this paper we estimate ideal points of Bank Presidents and Board Governors at the FOMC. We use stated preferences from FOMC transcipts and estimate aContinue Reading

Process Systems Engineering as a Modeling Paradigm for Analyzing Systemic Risk in Financial Networks

Office of Financial Research (OFR) Working Paper Series, February 11, 2015: “Financial instability often results from positive feedback loops intrinsic to the operation of the financial system. The challenging task of identifying, modeling, and analyzing the causes and effects of such feedback loops requires a proper systems engineering perspective lacking in the remedies proposed inContinue Reading

Financial Regulators Issue Guidance Encouraging Youth Savings Programs

“Five federal financial regulatory agencies today issued guidance to encourage federally insured depository institutions to offer youth savings programs to expand the financial capability of young people. The guidance also provides answers to frequently asked questions related to the establishment of these programs. Many financial institutions already collaborate with schools to establish programs that allowContinue Reading

Can the FCC Attract a Full House for the 2016 Broadcast Incentive Auction?

Kagan Media Appraisals: “Our assignment was to prepare an analysis of the financial capacity and competitive appetite of the wireless carriers, in particular AT&T and Verizon, to fully participate in back-to-back AWS-3 and 600 MHz Incentive auctions, assuming a 2016 start date for the 600 MHz Incentive Auction. This report is for informational purposes onlyContinue Reading

Ambitious reforms can create a growth path that is both strong and inclusive – OECD

“Determined and systemic action to implement a comprehensive reform agenda across a wide range of policy areas offers governments the best chance to boost weak demand, restore healthy economic growth, create jobs and ensure that the gains are broadly shared across society, according to the OECD’s latest Going for Growth report.  The report assesses and comparesContinue Reading

Financial Industry Regulatory Authority Report on Cybersecurity Practices

FINRA Report on Cybersecurity Practices, February 2015 – Executive Summary – “Like many organizations in the financial services and other sectors, broker-dealers (firms) are the target of cyberattacks. The frequency and sophistication of these attacks is increasing and individual broker-dealers, and the industry as a whole, must make responding to these threats a high priority.Continue Reading

CRS – How Social Security Benefits Are Computed: In Brief

How Social Security Benefits Are Computed: In Brief. Noah P. Meyerson, Analyst in Income Security. February 4, 2015. “With about $900 billion in benefit outlays projected to be made in 2015, Social Security is the largest program in the federal budget. It provides monthly cash benefits to retired and disabled workers and their family membersContinue Reading

Monetary spillovers? Boom and bust? Currency wars? The international monetary system strikes back

Monetary spillovers? Boom and bust? Currency wars? The international monetary system strikes back speech by Fabrizio Saccomanni, BIS Special Governors’ Meeting. Manila, 6 February 2015. “In recent years, the global financial system has witnessed several episodes of instability due to the external repercussions of monetary policy measures by major countries, the development of financial cycles characterisedContinue Reading

The Impact of the Dark Web on Internet Governance and Cyber Security

Global Commission on Internet Governance, The Impact of the Dark Web on Internet Governance and Cyber Security, Michael Chertoff and Tobby Simon, Paper Series: No. 6, February 2015. “With the Internet Corporation for Assigned Names and Numbers’ contract with the United States Department of Commerce due to expire in 2015, the international debate on InternetContinue Reading

Employee Tenure Trends, 1983–2014

Employee Benefit Research Institute – Employee Tenure Trends, 1983–2014 “The most recent U.S. Census Bureau data show that the overall median tenure of workers—the midpoint of wage and salary workers’ length of employment in their current jobs—was slightly higher in 2014, at 5.5 years, compared with 5.0 years in 1983 However, the median tenure forContinue Reading

Risk Classification’s Big Data (R)Evolution

Swedloff, Rick, Risk Classification’s Big Data (R)Evolution (2014). Connecticut Insurance Law Journal, Vol. 21, 2014. Available for download at SSRN: “Insurers can no longer ignore the promise that the algorithms driving big data will offer greater predictive accuracy than traditional statistical analysis alone. Big data represents a natural evolutionary advancement of insurers trying toContinue Reading