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Category Archives: Financial System

The Surge of Unaccompanied Children from Central America

The Surge of Unaccompanied Children from Central America - Root Causes and Policy Solutions, by Dan Restrepo and Ann Garcia | July 24, 2014 “Over the past few years, and in particular over the past few months, the number of children and families leaving the Central American countries of El Salvador, Guatemala, and Honduras and arriving in neighboring countries and atContinue Reading

New GAO Reports – CFPB, Drinking Water, Media Ownership, Railroad Retirement, Security Clearances

CONSUMER FINANCIAL PROTECTION BUREAU: Opportunity Exists to Improve Transparency of Civil Penalty Fund Activities, GAO-14-551: Published: Jun 26, 2014. Publicly Released: Jul 28, 2014. DRINKING WATER: EPA Program to Protect Underground Sources from Injection of Fluids Associated with Oil and Gas Production Needs Improvement, GAO-14-555: Published: Jun 27, 2014. Publicly Released: Jul 28, 2014. MEDIA OWNERSHIP: FCC Should Review the Effects ofContinue Reading

Social Security Board of Trustees: No Change in Projected Year of Trust Fund Reserve Depletion

“The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2033, unchanged from last year, with 77 percent of benefits still payableContinue Reading

The Governance of Regulators – OECD

“This series brings together OECD work related to the 2012 Recommendation of Council on Regulatory Policy and Governance. It offers information about the policies, practices and institutions needed to improve regulatory policy and to support better regulatory governance.” The Governance of Regulators, OECD Best Practice Principles for Regulatory Policy, OECD Publishing. doi: 10.1787/9789264209015-en

Capital Inflows, Exchange Rate Flexibility and Credit Booms

Magud, Nicolas E. and Reinhart, Carmen M. and Vesperoni, Esteban, Capital Inflows, Exchange Rate Flexibility and Credit Booms (August 2014). Review of Development Economics, Vol. 18, Issue 3, pp. 415-430, 2014. Available at SSRN: http://ssrn.com/abstract=2472247 or http://dx.doi.org/10.1111/rode.12093 “Historically, capital flow bonanzas have often fueled sharp credit expansions in advanced and emerging market economies alike. Focusing primarily on emergingContinue Reading

The Precise Form of Financial Integration: Empirical Evidence for Selected Asian Countries

Gan, Pei-Tha, The Precise Form of Financial Integration: Empirical Evidence for Selected Asian Countries (2014). Economic Modelling, Vol. 42, 2014. Available for download at SSRN: http://ssrn.com/abstract=2471390 “A noteworthy attribute of the empirical studies on financial integration is that many published papers rely on the approximate form of financial integration by studying the degree of regional financialContinue Reading

Wealth Levels, Wealth Inequality, and the Great Recession

“In a new Recession Brief for the Recession Trends initiative, Fabian T. Pfeffer (University of Michigan), RSF president Sheldon Danziger, and Robert F. Schoeni (University of Michigan) explore the extent to which the Great Recession altered the level and distribution of American families’ wealth, looking at the period between 2007 and 2013. While the Recession had aContinue Reading

Why “Can’t Make Ends Meet” Trumps “Poverty”

Moyers & company: “This week, the Center for Community Change (CCC) released new research that details the way low-income Americans think and talk about living on the edge. It found that the language being used by policymakers and others to describe them is turning off the very people it is supposed to help. The project surveyed over 1,700Continue Reading

The Web of Wealth: Resiliency and Opportunity or Driver of Inequality?

The Web of Wealth: Resiliency and Opportunity or Driver of Inequality? Hannah Thomas, Tatjana Meschede, Alexis Mann, Janet Boguslaw, and Thomas Shapiro. July 2014.  Institute on Assets and Social Policy (Brandeis University) “Families often help each other out financially. A brother lends a few hundred dollars to cover a late household bill. A grandparent puts $1,000 awayContinue Reading

OECD releases full version of global standard for automatic exchange of information

“Taking an important step towards greater transparency and putting an end to banking secrecy in tax matters, the OECD today released the full version of a new global standard for the exchange of information between jurisdictions. The Standard provides for annual automatic exchange between governments of financial account information, including balances, interest, dividends, and sales proceedsContinue Reading

The Economic Effects of the President’s 2015 Budget

“Each year, after the President releases his budget request, CBO analyzes the proposals in that request. Using its own economic projections and estimating procedures, CBO projects what the federal budget would look like over the next 10 years if the President’s proposals were adopted. CBO usually provides that information in two reports: The first examinesContinue Reading

McKinsey – China’s digital transformation

“As individual companies adopt web technologies, they gain the ability to streamline everything from product development and supply-chain management to sales, marketing, and customer interactions. For China’s small enterprises, greater digitization provides an opportunity to boost their labor productivity, collaborate in new ways, and expand their reach via e-commerce. In fact, new applications of the InternetContinue Reading