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Lashkaripour, Ahmad [Pennsylvania State University, College of the Liberal Arts – Department of Economics] Apples and Oranges: Iceberg Trade Costs (May 23, 2014). Available for download at SSRN: http://ssrn.com/abstract=2470765 “The iceberg trade cost assumption is embodied in all major models of International trade. However, empirical evidence to support this rather conventional assumption is lacking. This paper …
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 away …
“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 proceeds …
“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 examines …
“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 Internet …
“The Bank for International Settlements (BIS) today released international banking statistics at end-March 2014. Between end-December 2013 and end-March 2014, the cross-border claims of BIS reporting banks rose by $580 billion. This marked the first substantial quarterly increase since late 2011. The overall increase was broadly spread across countries and sectors. The largest increase in …
AVIATION SAFETY: FAA’s Efforts to Implement Recommendations to Improve Certification and Regulatory Consistency Face Some Challenges, GAO-14-728T: Published: Jul 23, 2014. Publicly Released: Jul 23, 2014. FAIR LABOR STANDARDS ACT: Department of Labor Needs a More Systematic Approach to Developing Its Guidance, GAO-14-629T: Published: Jul 23, 2014. Publicly Released: Jul 23, 2014. INDIAN GAMING: Preliminary Observations on the Regulation and Oversight of …
Freshfields Bruckhaus Deringer: “Following previous consultation (see Daily news 22 October 2013), the Government has published a report on the balance of competences between the UK and the EU in the field of financial services and the free movement of capital. The report states that evidence received indicates that, whilst the balance of competences is broadly …
Wealth in America – Urban Institute – Signe-Mary McKernan, Caleb Quakenbush, Caroline Ratcliffe, C. Eugene Steuerle. July 22, 2014 “What role can policymakers play in helping families rebuild their balance sheets after the Great Recession and in helping young families, families of color, and those with less education who were falling behind even prior to it? This brief, based on a …
News release: “The major interest reference rates (such as LIBOR, EURIBOR, and TIBOR) are widely used in the global financial system as benchmarks for a large volume and broad range of financial products and contracts. The cases of attempted market manipulation and false reporting of global reference rates, together with the post-crisis decline in liquidity …
Follow up to Report: Dodd-Frank Act Does Not End Too Big to Fail But Perpetuates It as Official Policy – today, the Democrat’s interpretation of the same subject – The Fourth Anniversary of the Dodd-Frank Wall Street Reform and Protection Act of 2010, Democratic Staff Report Prepared for Democratic Members of the House Committee on Financial Services – The Honorable …
“Two global banks and more than a dozen hedge funds misused a complex financial structure to claim billions of dollars in unjustified tax savings and to avoid leverage limits that protect the financial system from risky debt, a Senate Subcommittee investigation has found. The improper use of this structured financial product, known as basket options, is …
