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Category Archives: Financial System

IMF World Economic Outlook 2016

“IMF Sees Subdued Global Growth, Warns Economic Stagnation Could Fuel Protectionist Calls. October 4, 2016. Global growth subpar at 3.1 percent in 2016, with slight increase to 3.4 percent next year Persistent stagnation in advanced economies could further fuel anti-trade sentiment, stifling growth Countries need to rely on all policy levers—monetary, fiscal and structural—to lift… Continue Reading

Agencies Post Public Sections of “Targeted Submissions” for Eight Firms

“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday posted the public portions of the required “targeted submissions” for the eight systemically important, domestic banking institutions. To foster transparency, the agencies required all of the firms to file a public portion of their targeted submissions. In April of this year, the… Continue Reading

IG – Major Management Challenges for the Fed Board and the CFPB

The Office of Inspector General (OIG) for the Board of Governors of the Federal Reserve System (Board) and the Consumer Financial Protection Bureau (CFPB) is an independent and objective oversight authority established under the Inspector General Act of 1978, as amended: “Though not statutorily required, the OIG compiles annual listings of major management challenges facing… Continue Reading

Brookings – October 2016 Update to TIGER: Tracking Indexes for the Global Economic Recovery

“The latest update of the Brookings-FT Tiger index presents a picture of general despondency in the global economy that more than offsets isolated signs of strength in some economic indicators in a few countries. Click a country name below the Overall Growth Index to view charts for the main TIGER indexes by country and charts… Continue Reading

IMF Releases the 2016 Financial Access Survey, A Key Tool to Foster Financial Inclusion

“The International Monetary Fund (IMF) released today the results of the seventh annual Financial Access Survey (FAS). The FAS is a key source of data on financial inclusion, providing insights on the availability and use of financial products such as deposit accounts, loans, and insurance policies by individuals and firms across the globe. The information… Continue Reading

TRAC – New York Times Publication of Trump’s 1995 Tax Records Underlines High End Audit Challenge

“This weekend, The New York Times published the tax returns that Donald Trump had filed with New York, New Jersey and Connecticut where the Republican candidate for president claimed nearly a billion dollar business loss for that year. Although the Times said the experts it had consulted did not believe the records suggested anything improper,… Continue Reading

Paper – The Effects of Experience and Knowledge on Investor Behavior

Bazley, William J. and Korniotis, George M. and Samanez-Larkin, Gregory R., Better Together: The Effects of Experience and Knowledge on Investor Behavior (September 7, 2016). Available for download at SSRN: “We examine the dynamics of financial knowledge and investment experience on the equity portfolio decisions of U.S. investors. We find that prior portfolio choices… Continue Reading

McKinsey – Poorer than their parents? Flat or falling incomes in advanced economies

“Most people growing up in advanced economies since World War II have been able to assume they will be better off than their parents. For much of the time, that assumption has proved correct: except for a brief hiatus in the 1970s, buoyant global economic and employment growth over the past 70 years saw all… Continue Reading

World Economic Forum – These are the world’s most competitive economies

“The latest World Economic Forum Global Competitiveness Report reveals the world’s most competitive economies – and there’s a familiar face at the top of the rankings. The Global Competitiveness Index assesses the competitiveness of 138 economies around the world. In a time of “persistent slow growth”, the report says it is a “critical reminder of the importance of competitiveness in… Continue Reading

The 25 Most Powerful Women in Finance

American Banker – The 25 Most Powerful Women in Finance: “Women are arguably even more outnumbered in the upper ranks of finance than in banking, and the executives on this list stand out not only for their performance but for their work to help create a path to parity.” Continue Reading

NY Fed – U.S. Real Wage Growth: Slowing Down With Age

U.S. Real Wage Growth: Slowing Down With Age – Robert Rich, Joseph Tracy, and Ellen Fu. September 28, 2016. “In Monday’s post, we described the estimation of real wage growth rates for different cohorts of U.S. workers. We showed that the life-cycle pattern of real wage growth is characterized by high growth early in a worker’s career,… Continue Reading

CRS – Iran Sanctions

Iran Sanctions, Kenneth Katzman, Specialist in Middle Eastern Affairs. September 21, 2016. “The comprehensive nuclear accord (Joint Comprehensive Plan of Action, or JCPOA), finalized on July 14, 2015, provides Iran broad relief from U.S., U.N., and multilateral sanctions on Iran’s energy, financial, shipping, automotive, and other sectors. Sanctions were suspended or lifted upon the International Atomic Energy Agency (IAEA) certification on… Continue Reading