Category «Financial System»

Updating the External Wealth of Nations database to 2021

Brookings: “Editor’s Note: This post updates with year-end 2021 data the External Wealth of Nations database [Excel download], which assembles data on external claims and liabilities of economies around the world. The database is described in more detail in a series of papers (Lane and Milesi-Ferretti 2001, 2007, 2018), and in a companion post. The …

Subjects: Economy, Energy, Financial System, Government Documents

The Financial Stability Implications of Digital Assets

Federal Reserve Board, August 2022. The Financial Stability Implications of Digital Assets Pablo D. Azar, Garth Baughman, Francesca Carapella, Jacob Gerszten, Arazi Lubis, JP Perez-Sangimino, David E. Rappoport, Chiara Scotti, Nathan Swem, Alexandros Vardoulakis, Aurite Werman – “The value of assets in the digital ecosystem has grown rapidly, amid periods of high volatility. Does the …

Subjects: Cryptocurrency, Economy, Financial System, Legal Research

Government reports on digital assets responsive to Biden’s Executive Order on crypto

Follow-up to September 16, 2022 White House Framework on Regulating Cryptocurrency, please see the following documents related to the directive re Ensuring Responsible Development of Digital Assets: September 16, 2022 – “The White House Office of Science and Technology Policy (OSTP) is publishing its report, Technical Evaluation for a U.S. Central Bank Digital Currency System, …

Subjects: Cryptocurrency, Cybercrime, Cybersecurity, Data Governance, Financial System, Government Documents, Legal Research

White House Framework on Regulating Cryptocurrency

FACT SHEET:  White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets – September 16, 2022 – Following the President’s Executive Order, New Reports Outline Recommendations to Protect Consumers, Investors, Businesses, Financial Stability, National Security, and the Environment – The digital assets market has grown significantly in recent years. Millions of people globally, including …

Subjects: Cryptocurrency, Economy, Financial System, Government Documents, Legal Research

Black Wealth Datacenter

“The Black Wealth Data Center was conceived and funded by Bloomberg Philanthropies’ Greenwood Initiative, a program area aimed at increasing generational wealth and addressing systemic underinvestment in Black communities. The Greenwood Initiative conceptualized the Black Wealth Data Center to help address the problem of insufficient and inaccessible data on the topic of Black wealth. Prosperity …

Subjects: Economy, Financial System, Legal Research

LobbyingData.com Launches First-Ever Publicly Available Real-Time View of American Lobbying

“LobbyingData.com (LobbyingData) today announces the official launch of Daily Lobbying Data, the first-ever 100% free real-time view into American Lobbying. With LobbyingData, anyone can easily know which companies are lobbying, how much was spent, and-most importantly-the issues being lobbied for. LobbyingData is the only platform of its kind that provides insight into why companies choose …

Subjects: Congress, Economy, Financial System, Government Documents, Knowledge Management, Legal Research, Legislation

Law Library of Congress Report Examines Economic Espionage Laws in Selected Countries

In Custodia Legis: “A recently published Law Library of Congress report, Economic Espionage Laws, “addresses economic espionage laws and the regulation of fraudulent filing of corporate, import-export, and banking documentation” in sixteen countries. The report consists of a comparative summary followed by individual country surveys for sixteen countries. The countries surveyed are Afghanistan, Armenia, Azerbaijan, …

Subjects: Congress, E-Records, Economy, Education, Financial System, Government Documents, Legal Research

The Inflation Reduction Act’s tax credits are confusing, so the White House launched a website to help

The Verge: “The Biden administration launched a new website — CleanEnergy.gov — aimed at helping Americans navigate the new green energy tax credits contained in the Inflation Reduction Act of 2022 (IRA). That could especially be useful for people looking to buy a new electric vehicle but finding themselves confused by the litany of new …

Subjects: Climate Change, E-Government, Economy, Energy, Environmental Law, Financial System, Legal Research, Legislation

Understanding the decline in poverty will help us continue the decline

Clinical Trends: “The past quarter century witnessed an unprecedented decline in child poverty rates. In 1993, the initial year of this decline, more than one in four children in the United States lived in families whose economic resources—including household income and government benefits—were below the federal government’s Supplemental Poverty Measure (SPM) threshold. Twenty-six years later, …

Subjects: Economy, Financial System, Food and Nutrition, Poverty

Pete Recommends – Weekly highlights on cyber security issues, September 10, 2022

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, September 10, 2022 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the …

Subjects: Cybercrime, Cybersecurity, E-Records, Financial System, PC Security

U.S. bank regulator warns of crisis risk from fintech proliferation

Reuters: “The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday. “I believe fintechs and big techs are having a large impact and warrant much more of our attention,” Hsu …

Subjects: Cryptocurrency, Economy, Financial System, Legal Research