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“The Securities and Exchange Commission today voted unanimously to propose rules that would reform the way that money market funds operate in order to make them less susceptible to runs that could harm investors. The SEC’s proposal includes two principal alternative reforms that could be adopted alone or in combination. One alternative would require a …
“Funding for New Jersey’s low-income school districts declined sharply during the Great Recession, according to a recent New York Fed study. Moreover, the Abbott districts—a group of poor urban districts that once received special appropriations from the state—were hit especially hard. The recent recession, the passage of the federal stimulus bill, and the decision to …
News release: “Nonfarm business sector labor productivity increased at a 0.5 percent annual rate during the first quarter of 2013, the U.S. Bureau of Labor Statistics reported today. The increase in productivity reflects increases of 2.1 percent in output and 1.6 percent in hours worked. (All quarterly percent changes in this release are seasonally adjusted annual …
Federal Reserve Board – Assets and Liabilities of Commercial Banks – H.8 – Growth rate of total bank credit, all commercial banks, seasonally adjusted. Customize chart
The Nation’s international trade deficit in goods and services increased to $40.3 billion in April from $37.1 billion (revised) in March, as imports increased more than exports. (June 4, 2013)
The Global Information Technology Report 2013 – Growth and Jobs in a Hyperconnected World, Beñat Bilbao-Osorio, Soumitra Dutta, and Bruno Lanvin, Editors: “The Global Information Technology Report 2013 features the latest results of the Networked Readiness Index (NRI), offering an overview of the current state of information and communication technologies (ICTs) readiness in the world. …
News release: “The Federal Reserve Bank of New York today launched an interactive regional indicators tool that allows users to view non-housing consumer debt for borrowers in New York, New Jersey and Connecticut. The tool shows statistics for student loans, auto loans and credit cards by age group for each state in user-defined combinations. Also provided are …
Vice Chair Board of Governors of the Federal Reserve System, Janet L. Yellen, At the International Monetary Conference, Shanghai, China, June 2, 2013 – Regulatory Landscapes: A U.S. Perspective: “The financial crisis revealed that banking firms around the world did not have enough high-quality capital to absorb losses during periods of severe stress. The Basel III reforms promulgated …
News release: “The FINRA Investor Education Foundation (FINRA Foundation) today released the results of America’s State-by-State Financial Capability Survey. The survey findings are available at www.usfinancialcapability.org, which features a clickable map of the United States and allows the public, policymakers and researchers to delve into and compare the financial capabilities of Americans across all 50 states …
The Financial Crisis, Capital Flows, and Global Liquidity Keynote Speech by Naoyuki Shinohara, Deputy Managing Director, International Monetary Fund, Bank of Korea International Conference 2013. Seoul, Korea, June 3, 2013: “The latest IMF forecasts show that the world economy is strengthening. But this is happening only little by little. World growth is expected to reach …
Global liquidity: where do we stand? Speech by Jaime Caruana, General Manager of the Bank for International Settlements, prepared for the Bank of Korea International Conference 2013 on “Assessing global liquidity in a global framework”, Seoul, 4 June 2013. “Global financial conditions show strong cross-currents and merit policymakers’ attention. In countries at the centre of the global …
DebtRank-transparency: Controlling systemic risk in financial networks, Stefan Thurner and Sebastian Poledna: “Banks in the interbank network can not assess the true risks associated with lending to other banks in the network, unless they have full information on the riskiness of all the other banks. These risks can be estimated by using network metrics (for example DebtRank) …
