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Regulating Capital Flows at Both Ends: Does it Work?

IMF – Atish R. Ghosh; Mahvash Saeed Qureshi; Naotaka Sugawara, October 17, 2014 “This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient countries, as was originally advocated by John Maynard Keynes and Harry Dexter White. To this end, we use data on bilateralContinue Reading

Billions in Losses if Ebola Not Stopped

“With the latest death toll from Ebola now at 3,439 in the three worst-affected countries of Guinea, Liberia, and Sierra Leone, a new economic impact assessment from the World Bank Group says that if the epidemic was to significantly infect people in neighboring countries, some of which have much larger economies, the two-year regional financialContinue Reading

Recovery of financial market infrastructures – final report

“The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published a report entitled Recovery of financial market infrastructures. The report provides guidance to financial market infrastructures (FMIs) such as central counterparties (CCPs) on how to develop plans to enable them to recover from threats to their viabilityContinue Reading

Executive Order – Improving the Security of Consumer Financial Transactions

“Given that identity crimes, including credit, debit, and other payment card fraud, continue to be a risk to U.S. economic activity, and given the economic consequences of data breaches, the United States must take further action to enhance the security of data in the financial marketplace. While the U.S. Government’s credit, debit, and other paymentContinue Reading

Perspectives on Inequality and Opportunity from the Survey of Consumer Finances

Chair Janet L. Yellen At the Conference on Economic Opportunity and Inequality, Federal Reserve Bank of Boston, Boston, Massachusetts. October 17, 2014 “The distribution of income and wealth in the United States has been widening more or less steadily for several decades, to a greater extent than in most advanced countries. This trend paused during the Great RecessionContinue Reading

NRC Staff Issues Volume 3 of Yucca Mountain Safety Evaluation Report

News release: “The Nuclear Regulatory Commission staff has published Volume 3 of its safety evaluation  report on the proposed underground geologic nuclear waste repository at Yucca Mountain, Nev. Volume 3 covers the period after a repository at Yucca Mountain would be permanently closed should NRC authorize construction following completion of the remaining steps in the licensing process.Continue Reading

RAPPOR: Randomized Aggregatable Privacy-Preserving Ordinal Response

Via Cornell University Library Open Access e-prints: RAPPOR: Randomized Aggregatable Privacy-Preserving Ordinal Response. Úlfar Erlingsson, Vasyl Pihur, Aleksandra Korolova (Submitted on 25 Jul 2014 (v1), last revised 25 Aug 2014 (this version, v2)). “Randomized Aggregatable Privacy-Preserving Ordinal Response, or RAPPOR, is a technology for crowdsourcing statistics from end-user client software, anonymously, with strong privacy guarantees. In short, RAPPORsContinue Reading

Safeguarding the Personal Information of all People – ODNI

Office of the Director of National Intelligence (ODNI) – Safeguarding the Personal Information of all People, July 2014. “As the President said in his speech on January 17, 2014, “the challenges posed by threats like terrorism, proliferation, and cyber-attacks are not going away any time soon, and for our intelligence community to be effective over theContinue Reading

Consultative Document: Recovery and Resolution Planning for Systemically Important Insurers

“The Financial Stability Board (FSB) is launching today a public consultation on guidance for the identification of the critical functions and critical shared services for systemically important insurers. The guidance should assist national authorities in implementing the recovery and resolution planning requirements set out in the FSB Key Attributes of Effective Resolution Regimes for FinancialContinue Reading

Corporate governance principles for banks – consultative document

“The Basel Committee’s revised principles on corporate governance at banks build on the Committee’s 2010 document Principles for enhancing corporate governance. Specifically, the revised principles: strengthen the guidance on risk governance, including the risk management roles played by business units, risk management teams, and internal audit and control functions (the three lines of defence) andContinue Reading

Energy for growing and harvesting crops is a large component of farm operating costs

EIA: “The U.S. agriculture industry used nearly 800 trillion British thermal units (Btu) of energy in 2012, or about as much primary energy as the entire state of Utah. Agricultural energy consumption includes energy needed to grow and harvest crops and energy needed to grow livestock. Crop operations consume much more energy than livestock operations,Continue Reading

Struggling private student loan borrowers are still searching for help

CFPB: “In the years leading up to the financial crisis, many of the same subprime lending practices that led to troubles in the mortgage market also existed in the private student loan market. Like the homeowners who turned to their mortgage servicer to modify their loans but ran into customer service dead ends, lost paperworkContinue Reading