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Determinants of Sovereign Bond Spreads in Emerging Markets: Local Fundamentals and Global Factors vs. Ever-Changing Misalignments. Balazs Csonto; Iryna V. Ivaschenko. July 10, 2013 “We analyze the relationship between global and country-specific factors and emerging market debt spreads from three different angles. First, we aim to disentangle the effect of global and country-specific developments, and …
Is Big Data an Economic Big Dud? by James Glanz, August 17, 2013 – See related graphic here. “If pencil marks on some colossal doorjamb could measure the growth of the Internet, they would probably be tracking the amount of data sloshing through the public network that spans the planet. Christened by the World Economic Forum as …
How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007, by Viral V. Acharya, Gara Afonso, and Anna Kovner. August 2013 Number 623 “In August of 2007, banks faced a freeze in funding liquidity from the asset-backed commercial paper (ABCP) market. We investigate how banks scrambled for liquidity in …
“The ageing population phenomenon being observed in many countries poses serious social policy challenges. Longevity risk – the risk of paying out on pensions and annuities longer than anticipated – is significant when measured from a financial perspective. Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks is a forward-looking report …
Point of Sale disclosure in the insurance, banking and securities sectors [August 2013] identifies and assesses differences and gaps in regulatory approaches to point of sale (POS) disclosure for investment and savings products across the insurance, banking and securities sectors. The report considers whether regulatory approaches to POS disclosure need to be further aligned across …
[August 13, 2013], “the New York Fed released its Quarterly Report on Household Debt and Credit for the second quarter of 2013. It shows a $78 billion decline in overall household debt from the previous period. Delinquency rates improved considerably, with the overall ninety-plus day delinquency rate falling to 5.7 percent, the lowest it has been since mid-2008. The Quarterly …
Evaluating early warning indicators of banking crises: Satisfying policy requirements by Mathias Drehmann and Mikael Juselius – Working Papers No 421, August 2013. “Early warning indicators (EWIs) of banking crises should ideally be evaluated on the basis of their performance relative to the macroprudential policy maker’s decision problem. We translate several practical aspects of this problem – such as difficulties in assessing …
“The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have published a report entitled Authorities’ access to trade repository data. Trade repositories (TRs) are entities that maintain a centralised electronic record of over-the-counter (OTC) derivatives transaction data. TRs play a key role in increasing transparency in the OTC derivatives markets …
“The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have published for public comment a consultative report on the Recovery of financial market infrastructures. The report provides guidance to financial market infrastructures such as CCPs on how to develop plans to enable them to recover from threats to their viability …
USDA Supplemental Nutrition Assistance Program Participation Rates: Fiscal Year 2010, August 2013 “The Supplemental Nutrition Assistance Program (SNAP) helps low-income individuals purchase food so that they can obtain a nutritious diet. One important measure of the program’s performance is its ability to reach its target population, as indicated by the proportion of people eligible for benefits under federal income and asset rules …
Sovereign Default Risk and Banks in a Monetary Union, Harald Uhlig, University of Chicago – Department of Economics. August 12, 2013 Becker Friedman Institute for Research in Economics Working Paper No. 2013-002 “This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank guarantees in a monetary union. I …
“The Agenda for Generational Equity is a conversation starter. We cannot afford to have young Americans —“Millennials”— on the sidelines for critical debates about our nation’s future. Though no exact definition exists, we, the Millennials, are the generation of young Americans born between the early 1980s and early 2000s. We are the generation that came …
