Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
News release: “In one of the space agency’s bolder projects, a newly launched NASA satellite will monitor western drought and study the moisture, frozen and liquid in Earth’s soil. It’s true that a satellite can’t possibly fix the devastating drought that has been plaguing the American West for the last years. It is also true …
MIT News release: “In this week’s issue of the journal Science, MIT researchers report that just four fairly vague pieces of information — the dates and locations of four purchases — are enough to identify 90 percent of the people in a data set recording three months of credit-card transactions by 1.1 million users. When …
Neil Gordon – Investigator, POGO: “This week, the Special Inspector General for Afghanistan Reconstruction (SIGAR) released its 26th Quarterly Report to Congress. The last quarter saw great accomplishments in Afghanistan, as well as a disturbing reminder of our government’s obsession with secrecy. The final three months of 2014 marked a milestone in Afghanistan, with NATO …
Hryckiewicz, Aneta and Kozlowski, Lukasz, Banking Business Models and the Extent of Financial Crisis (January 28, 2015). Available for download at SSRN: http://ssrn.com/abstract=2557097 “This study applies the k-medoids methodology and identifies various banking business models according to asset combinations and funding sources. The study determines the effects of these models on bank risk-return profiles. We …
“The fast pace of change in the financial inclusion landscape is presenting supervisors with new issues and challenges. Developments in digital financial inclusion, in particular, are posing new challenges for how authorities define their regulatory scope and allocate supervisory resources. This Basel Committee report reveals the extent to which supervisory and regulatory practices are evolving …
Basel Committee on Banking Supervision Working Papers No 28 January 2015 “Regulatory and accounting rules are important determinants of bank behaviour; however, the interaction of the two is often not well understood and their intended outcomes do not always align. This Basel Committee working paper reviews academic literature on the interplay of accounting and regulatory …
By William J. Carrington (CBO) and Bruce C. Fallick (Federal Reserve Bank of Cleveland). CBO Working Paper: 2015-01. “After being displaced from their jobs, workers experience reduced earnings for many years and are at greater risks of other problems as well. The ills suffered by displaced workers motivated several recent expansions of government programs, including …
“The revisions to the disclosure requirements address shortcomings in Pillar 3 of the Basel framework. The revised disclosure requirements will enable market participants to better compare banks’ disclosures of risk-weighted assets. They form part of the Committee’s broader agenda to reform regulatory standards for banks in response to the global financial crisis. The revisions notably …
Bank capital shock propagation via syndicated interconnectedness by Makoto Nirei, Julián Caballero and Vladyslav Sushko, Working Papers No 484 January 2015. “Loan syndication increases bank interconnectedness through co-lending relationships. We study the financial stability implications of such dependency on syndicate partners in the presence of shocks to banks’ capital. Model simulations in a network setting …
“The Housing Vacancies and Homeownership provides current information on the rental and homeowner vacancy rates, and characteristics of units available for occupancy. These data are used extensively by public and private sector organizations to evaluate the need for new housing programs and initiatives. In addition, the rental vacancy rate is a component of the index …
“While Treasury is in the process of conducting its final auctions of its TARP stake in community banks to private entities in a desire to end the bank bailout known as the Capital Purchase Program (“CPP”), it is important to examine the lessons learned from the program. CPP was the first TARP program, much has …
Employee Benefit Research Institute. Debt of the Elderly and Near Elderly, 1992–2013. January 2015, Vol. 36, No. 1 “More older American families have debt: The percentage of American families with heads ages 55 or older that had debt increased from 63.4 percent in 2010 to 65.4 percent in 2013. Furthermore, the percentage of these families …
