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Category Archives: Financial System

Poverty Rate Declines, Number of Poor Unchanged, Based on Supplemental Measure of Poverty

“The nation’s poverty rate was 15.5 percent in 2013, down from 16.0 percent in 2012, according to the supplemental poverty measure released today by the U.S. Census Bureau. The 2013 rate was higher than the official measure of 14.5 percent, but similarly declined from the corresponding rate in 2012. Meanwhile, 48.7 million were below the povertyContinue Reading

Emerging and Developing Economies Much More Optimistic than Rich Countries about the Future

Education, Hard Work Considered Keys to Success, but Inequality Still a Challenge “As they continue to struggle with the effects of the Great Recession, publics in advanced economies are pessimistic about the financial prospects for the next generation. Most of those surveyed in richer nations think children in their country will be worse off financially thanContinue Reading

Pew – Share of Affluent Students Who Borrow for College Doubles

The Changing Profile of Student Borrowers – Biggest Increase in Borrowing Has Been Among More Affluent Students, Richard Fry – October 9, 2014. “In 2012, a record share of the nation’s new college graduates (69%) had taken out student loans to finance their education, and the typical amount they had borrowed was more than twice thatContinue Reading

A Conceptual Framework for the Regulation of Cryptocurrencies

Marian, Omri Y., A Conceptual Framework for the Regulation of Cryptocurrencies (October 14, 2014). University of Chicago Law Review Dialogue, Vol. 81, 2015 Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2509857 “This Essay proposes a conceptual framework for the regulation of transactions involving cryptocurrencies. Cryptocurrencies offer tremendous opportunities for innovation and development, but at the same timeContinue Reading

Federal Reserve Board Beige Book – October 15, 2014

Summary of Commentary on Current Economic Conditions By Federal Reserve District, October 2014 “Reports from the twelve Federal Reserve Districts generally described modest to moderate economic growth at a pace similar to that noted in the previous Beige Book. Moderate growth was reported by the Cleveland, Chicago, St. Louis, Minneapolis, Dallas, and San Francisco Districts,Continue Reading

A Distant Mirror of Debt, Default, and Relief

Reinhart, Carmen and Trebesch, Christoph, A Distant Mirror of Debt, Default, and Relief (October 2014). CEPR Discussion Paper No. DP10195. Available for download at SSRN: http://ssrn.com/abstract=2510053 “We take a first pass at quantifying the magnitudes of debt relief achieved through default and restructuring in two distinct samples: 1979-2010, focusing on credit events in emerging markets,Continue Reading

U.S. and U.K. – Key Components for the Resolution of a Global Systemically Important Bank

News release: “The heads of the Treasuries and leading financial regulatory bodies in the United States and United Kingdom today participated in an exercise designed to further the understanding, communication, and cooperation between U.S. and U.K. authorities in the event of the failure and resolution of a global systemically important bank, or G-SIB. The event wasContinue Reading

Global Wealth Report 2014

The Credit Suisse Global Wealth Report provides the most comprehensive and up-to-date source of information on global household wealth. Since 2010, we have collaborated with Professors Anthony Shorrocks and Jim Davies, recognized authorities on this topic, and the principal authors of “Personal Wealth from a Global Perspective,” Oxford University Press, 2008. Unlike other studies, thisContinue Reading

337Info – Unfair Import Investigations Information System

“337Info is an information retrieval system that contains data about USITC section 337 investigations, including: the unfair act(s) alleged (patent, trademark, or copyright infringement; misappropriation of trade secrets; etc.) the parties involved (current and historical) the Administrative Law Judge(s) (ALJ(s)) and USITC staff assigned (current and historical) the product(s) involved current investigation status and keyContinue Reading

The Rule of Law Under Extreme Conditions and International Law

Salzberger, Eli, The Rule of Law Under Extreme Conditions and International Law: A Law and Economics Perspective (October 12, 2014). Available for download at SSRN: http://ssrn.com/abstract=2508846 “The ‘rule of law’ has attracted a lot of scholarly writings as well as political and public rhetoric in recent years. On the one hand, scholars found that adherenceContinue Reading

Housing: Before, During, and After The Great Recession

BLS – September 2014: Demtrio M.Scopelit – “Home ownership symbolizes the American dream. The home we live in often represents how we chose to live our lives. As Winston Churchill once said, “We shape our dwellings, and afterwards our dwellings shape us.” As the 2000s unfolded, economic growth and public policies designed to increase home ownership ledContinue Reading

Is Your Company Ready for a Big Data Breach?

The Second Annual Study on Data Breach Preparedness – Ponemon Institute© Research Report – Sponsored by Experian® Data Breach Resolution – Independently conducted by Ponemon Institute LLC. Publication Date: September 2014. “Data breaches are increasing in frequency. Forty-three percent of respondents say their companies had a data breach involving the loss or theft of more than 1,000 records, anContinue Reading