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Category Archives: Financial System

CRS – Effectiveness of the Community Reinvestment Act

The Effectiveness of the Community Reinvestment Act, Darryl E. Getter, Specialist in Financial Economics, January 7, 2015. “This report informs the congressional debate concerning the CRA’s effectiveness in incentivizing bank lending and investment activity to LMI borrowers. After a discussion of the CRA’s origins, it presents the CRA’s examination process and bank activities that areContinue Reading

FDIC Publication Focuses on the Critical Role of Corporate Governance

News release: “The Federal Deposit Insurance Corporation (FDIC) today released the summer 2015 issue of Supervisory Insights. The lead article, “Strategic Planning in an Evolving Earnings Environment,” highlights the critical role of corporate governance and strategic planning in navigating a challenging operating environment. “Although the financial performance of banks is steadily improving, the operating environmentContinue Reading

Report – Defining Financialization

Mike Konczal – Roosevelt Institute: “Following the well-received Disgorge The Cash, this is really the foundational paper that outlines a working definition of financialization, some of the leading concerns, worries, and research topics in each area, and a plan for future research and action. Since this is what we are building from, we’d love feedback.Continue Reading

Do We Know What We Owe? Consumer Debt as Reported By Borrowers And Lenders

News release: “A new Federal Reserve Bank of New York study finds a striking level of accuracy in the correspondence between debt-holding patterns implied by the borrower-reported Survey of Consumer Finances (SCF) and the lender-reported Consumer Credit Panel (CCP). Some exceptions do exist, and chief among them is credit card debt, which appears to beContinue Reading

Eurostat – Your key to European statistics

“Eurostat’s mission: to be the leading provider of high quality statistics on Europe. Eurostat is the statistical office of the European Union situated in Luxembourg. Its task is to provide the European Union with statistics at European level that enable comparisons between countries and regions. This is a key task. Democratic societies do not functionContinue Reading

Case Study: Porsche versus Volkswagen

Baur, Dirk G., Case Study: Porsche versus Volkswagen (August 21, 2015). Available for download at SSRN: http://ssrn.com/abstract=26491 “This case study describes Porsche’s attempt to acquire Volkswagen. It covers the timeline of events and major press releases, the history of the two companies, their operating and financial performances and ownership structures. The case also illustrates theContinue Reading

A Macroeconomic Analysis of the President’s 2016 Budget

A Macroeconomic Analysis of the President’s 2016 Budget August 21, 2015 Report – “The President’s policies would make U.S. output larger over the next decade than it would be under current law – mostly by changing immigration laws. Such economic effects would feed back into the budget in ways that would reduce deficits.” “Each year, afterContinue Reading

How will we fill 9 billion bowls by 2050?

Thomson Reuters Report July 2015- “The food chain is broken. On paper, we produce enough food to feed our current population of 7 billion. Yet an estimated 805 million people go to bed hungry each night, and hidden hunger – or micronutrient deficiency – affects an additional 2 billion. Poverty, political instability, income inequity andContinue Reading

2015 Digital Business Global Executive Study and Research Project

“MIT Sloan Management Review and Deloitte’s1 2015 global study of digital business found that maturing digital businesses are focused on integrating digital technologies, such as social, mobile, analytics and cloud, in the service of transforming how their businesses work. Less-mature digital businesses are focused on solving discrete business problems with individual digital technologies. The ability toContinue Reading

Number of Americans Struggling to Afford Food Declines But Remains Too High

Analysis by Food Research & Action Center Download First Half of 2015 Food Hardship Rate by State “The impact of the economic recovery plus the increased share of households in need that is receiving SNAP (food stamps) is showing positive results, based on evidence from the latest Gallup-Healthways Well-Being Index survey (pdf) that reveals aContinue Reading

Manufacturing Job Loss – Trade Not Productivity Is the Culprit

Economic Policy Institute Brief by Robert E. Scott: “The United States lost 5 million manufacturing jobs between January 2000 and December 2014. There is a widespread misperception that rapid productivity growth is the primary cause of continuing manufacturing job losses over the past 15 years. Instead, as this report shows, job losses can be tracedContinue Reading

Corporate Governance and Hedge Fund Activism

Goodwin, Shane C, Corporate Governance and Hedge Fund Activism (August 2015). Available for download at SSRN: http://ssrn.com/abstract=2646293 “Over the past 25 years, hedge fund activism has emerged as new form of corporate governance mechanism that brings about operational, financial and governance reforms to a corporation. Many prominent business executives and legal scholars are convinced thatContinue Reading