Category «Financial System»

Paper – The Effects of Experience and Knowledge on Investor Behavior

Bazley, William J. and Korniotis, George M. and Samanez-Larkin, Gregory R., Better Together: The Effects of Experience and Knowledge on Investor Behavior (September 7, 2016). Available for download at SSRN: http://ssrn.com/abstract=2846504 “We examine the dynamics of financial knowledge and investment experience on the equity portfolio decisions of U.S. investors. We find that prior portfolio choices …

Subjects: Economy, Financial System, Knowledge Management

World Economic Forum – These are the world’s most competitive economies

“The latest World Economic Forum Global Competitiveness Report reveals the world’s most competitive economies – and there’s a familiar face at the top of the rankings. The Global Competitiveness Index assesses the competitiveness of 138 economies around the world. In a time of “persistent slow growth”, the report says it is a “critical reminder of the importance of competitiveness in …

Subjects: Economy, Financial System, Government Documents

NY Fed – U.S. Real Wage Growth: Slowing Down With Age

U.S. Real Wage Growth: Slowing Down With Age – Robert Rich, Joseph Tracy, and Ellen Fu. September 28, 2016. “In Monday’s post, we described the estimation of real wage growth rates for different cohorts of U.S. workers. We showed that the life-cycle pattern of real wage growth is characterized by high growth early in a worker’s career, …

Subjects: Economy, Financial System, Government Documents

CRS – Iran Sanctions

Iran Sanctions, Kenneth Katzman, Specialist in Middle Eastern Affairs. September 21, 2016. “The comprehensive nuclear accord (Joint Comprehensive Plan of Action, or JCPOA), finalized on July 14, 2015, provides Iran broad relief from U.S., U.N., and multilateral sanctions on Iran’s energy, financial, shipping, automotive, and other sectors. Sanctions were suspended or lifted upon the International Atomic Energy Agency (IAEA) certification on …

Subjects: Congress, Energy, Financial System, Government Documents, Legal Research, Transportation

Paper – European Citizenship after Brexit

Mindus, Patricia, European Citizenship after Brexit (September 29, 2016). Available for download at SSRN: http://ssrn.com/abstract=2842500 “This paper investigates European citizenship after Brexit, in light of the functionalist theory of citizenship. No matter its shape, Brexit will impact significantly on what has been labelled as ‘one of the major achievements of EU integration’: citizenship of the …

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

Class Action suit against Wells Fargo filed in Utah

ABCNews.com – “Three Utah residents have filed what may be the first class-action lawsuit brought by customers against Wells Fargo in the ongoing fallout over allegations that more than 2 million bank accounts or credit cards were opened or applied for without customers’ knowledge or permission. Wells Fargo declined to comment on the suit which …

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

Paper – Examining the costs and causes of cyber incidents

Examining the costs and causes of cyber incidents, Sasha Romanosky, Journal of Cybersecurity, DOI: http://dx.doi.org/10.1093/cybsec/tyw001. First published online: 25 August 2016. “In 2013, the US President signed an executive order designed to help secure the nation’s critical infrastructure from cyberattacks. As part of that order, he directed the National Institute for Standards and Technology (NIST) …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Internet, Knowledge Management

The Atlantic – What Congress Is Actually Good at

Michelle Cottle is a contributing editor at The Atlantic: “Because while some of Congress’s flashier oversight crusades reek of politics, the committees are in many ways doing the Lord’s work. It’s just that no one hears much about the not-so-sexy, not-so-partisan probes that actually seek to improve government. “No doubt there have been some abuses …

Subjects: Congress, Economy, Financial System, Freedom of Information, Government Documents, Legislation

Federal Reserve issues FOMC statement September 21 2016

Release Date: September 21, 2016: “Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year. Although the unemployment rate is little changed in recent months, …

Subjects: Economy, Financial System, Government Documents

Pride and Prejudice in U.S. Trade

Cao, Lan, Pride and Prejudice in U.S. Trade (September 19, 2016). 7 Notre Dame J. Int’l & Comp. Law (2016 Forthcoming). Available for download at SSRN: http://ssrn.com/abstract=2840911 “Trade has become a highly contentious issue in the United States, as major Presidential candidates line up to denounce trade as “fraudulent” and “disastrous for the American worker.” …

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