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Category Archives: Financial System

Demystifying Dodd-Frank: 12 Ways it Reforms the Financial System

Lauren Oppenheimer and Jim Kessler – Third Way: “Four years after its passage, Dodd-Frank remains one of the most important yet least understood laws passed in recent decades. It was designed to reduce the frequency and severity of future financial crises. It sought to overhaul the regulatory structure of Wall Street and the banking industry—from the issuingContinue Reading

2014 Federal Insurance Office Annual Report on the Insurance Industry

“The Report begins with an overview of the insurance industry that presents and analyzes the financial performance and condition of the key U.S. insurance industry sectors, i.e., the life and health (L/H) sector and the property and casualty (P/C) sector. The industry financial overview also includes analysis of insurance industry capital markets activity, the increasingContinue Reading

In the Shadow of the Great Recession: Experiences and Perspectives of Young Workers

“The Federal Reserve Board on Tuesday published a new report, based on its 2013 Survey of Young Workers, that provides insight into numerous labor market topics, including the educational attainment, work experience, and expectations of adults aged 18 to 30. In the Shadow of the Great Recession: Experiences and Perspectives of Young Workers, takes an in-depth lookContinue Reading

Transition Report 2014

European Bank for Reconstruction and Development – Innovation in Transition: “How can firms in transition countries become more  productive? And how can a dynamic and innovative  business sector help countries grow? This year’s Transition Report seeks answers to these important  questions by analysing firm-level innovation across the  transition region. The Transition Report 2014 exploits a uniqueContinue Reading

How Attached to the Labor Market Are the Long-Term Unemployed?

Rob Dent, Samuel Kapon, Fatih Karahan, Benjamin W. Pugsley, and Ayşegül Sahin  – Second in a three-part series – New York Fed “In this second post in our series on measuring labor market slack, we analyze the labor market outcomes of long-term unemployed workers to assess their employability and labor force attachment. If long-term unemployed workers areContinue Reading

The Orderly Liquidation Authority: Fanatical or Familiar? Idealistic or Unrealistic?

Massman, Stephanie, The Orderly Liquidation Authority: Fanatical or Familiar? Idealistic or Unrealistic? (May 2014). Available for download at SSRN: “The systemic financial crisis of 2008 spurred the failure of numerous financial and non-financial entities. Regulators addressed each of these failures on an ad hoc ex-post basis, granting multiple bailouts in various forms. The refusalContinue Reading

McKinsey Quarterly’s 50th anniversary edition

“In this unique anniversary edition of the Quarterly, leading management thinkers tackle the management challenges of tomorrow. Leaders including author Tom Peters, former IBM CEO Lou Gerstner, eBay head of HR Beth Axelrod, and The Second Machine Age authors Erik Brynjolfsson and Andrew McAfee explore topics such as leadership, the future of the organization, machine learning, long-term capitalism, andContinue Reading

The Risks to the Inflation Outlook

The Risks to the Inflation Outlook, Vasco Cúrdia “Although inflation is currently low, some commentators fear that continued highly accommodative monetary policy may lead to a surge in inflation. However, projections that account for the different policy tools used by the Federal Reserve suggest that inflation will remain low in the near future. Moreover, the relativeContinue Reading

The Big Bank Theory: Breaking Down the Breakup Arguments

“The 2008 financial crisis threw into sharp relief the issue of “too-big-to-fail” (TBTF)—the challenge posed by financial institutions that were bailed out on concerns that their failure would cause damage to the rest of the financial system and the overall economy. Since then, policymakers and regulators have wrestled with how to address this problem. TheContinue Reading

European Banking Union: An Immediate Tool for Euro Crisis Management

Paper prepared for the Istituto Affari Internazionali (IAI), October 2014. European Banking Union: An Immediate Tool for Euro Crisis Management and a Long-Term Project for the Single Market by Giulia Rosa Maria Cavallo. “After the adoption of a single monetary policy which commits the European Central Bank to maintaining the euro’s purchasing power and price stability inContinue Reading

Impact and implementation challenges of Basel framework for emerging market, developing and small economies

BCBS Working Papers No 27, November 2014: “This Working Paper assesses the potential impact and implementation challenges of specific standards issued by the Basel Committee in the context of emerging market, developing and small economies. Additionally, it outlines practical steps that can be taken by authorities in these jurisdictions to implement global standards and enhanceContinue Reading

Post Recession College Graduate Savings Increased

Josh Zumbrun – WSJ: “In 2002, savings rates for people of all education levels was hovering between 1% and 3%. Your education didn’t have much to say about how you saved money. In early 2003, college graduates even briefly had negative savings rates, while everyone else was dutifully setting some cash aside. What a difference aContinue Reading