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“The Federal Reserve Bank of St. Louis has released newly digitized archival material, making FRASER (Federal Reserve Archival System for Economic Research) the largest digital collection of Federal Reserve historical materials. These documents offer a glimpse into the founding of the Fed and its policy making activities. In light of the Fed’s centennial, librarians and …
The evolution of the Basel Committee – Keynote address by Stefan Ingves, Chairman of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank, at a symposium to mark 25 years of the Basel Capital Accord: 25 years of international financial regulation: Challenges and opportunities, Basel, 26 September 2013 “But times change, the financial sector …
“This report presents the results of the Basel Committee’s Basel III monitoring exercise. The study is based on the rigorous reporting processes set up by the Committee to periodically review the implications of the Basel III standards for financial markets. The results of previous exercises in this series were published in March 2013, September 2012 …
McKinsey – Resource revolution: Tracking global commodity markets – Trends Survey 2013 “Trends in resource prices have changed abruptly and decisively since the turn of the century. During the 20th century, resource prices (in real terms) fell by a little over a half percent a year on average. But since 2000, average resource prices have …
CRS – Shutdown of the Federal Government: Causes, Processes, and Effects. Clinton T. Brass, Coordinator, Specialist in Government Organization and Management. August 6, 2013 “When federal agencies and programs lack appropriated funding, they experience a funding gap. Under the Antideficiency Act, they must cease operations, except in certain emergency situations or when law authorizes continued …
Household Income: 2012. By Amanda Noss, Issued September 2013. “This report presents data on median household income at the national and state levels based on the 2011 and 2012 American Community Survey (ACS). Estimates from the 2011 ACS and the 2012 ACS show no significant change in median household income at the national level and …
The State of Women in America: A 50-State Analysis of How Women Are Faring Across the Nation – Center for American Progress. September 2013 “The role of women in the United States has changed dramatically over the past few decades. For one, more and more women have taken on new responsibilities outside the home by joining …
Pew Fact Tank – The growing economic clout of the college educated, by Richard Fry “Last week’s data released by the Census Bureau vividly demonstrated the growing income inequality in the U.S. But deeper in the data, there’s another related finding that is also striking: The growing income accruing to the nation’s college-educated households. For …
Negative Equity and Housing Investment, Andrew Haughwout, Sarah Sutherland, and Joseph Tracy. Federal Reserve Bank of New York. September 2013 “Housing is a depreciating asset. The rate of depreciation depends on the degree to which households engage in housing investments. Housing investment expenditures economy-wide are sizable, averaging 45 percent of the value of new home construction over the …
Dong Beom Choi, Federal Reserve Bank of New York. September 2013 “This paper provides a model of systemic panic among financial institutions with heterogeneous fragilities. Concerns about potential spillovers from each other generate strategic interaction among institutions, triggering a preemption game in which one tries to exit the market before the others to avoid spillovers. Although …
By Richard Fischer and Eric Rodriguez, September 2013: “This paper reviews the key actions and decisions that the newly created Consumer Financial Protection Bureau has undertaken since it was first created by law three years ago. The mandate of this new agency is to ensure consumer financial products and services and the markets for those products …
Brookings – Elizabeth Kneebone and Jane Williams – “The release of the 2012 American Community Survey (ACS) census data on poverty and income underscores the effects of a sluggish recovery that has played out unevenly across the nation’s major metropolitan economies and, even amid improving employment numbers, has left millions of Americans behind. Using ACS data on individuals living …
