Category «Financial System»

News Content, Investor Misreaction, and Stock Return Predictability

Hadzic, Muris and Weinbaum, David and Yehuda, Nir, News Content, Investor Misreaction, and Stock Return Predictability (September 2015). Available for download at SSRN: http://ssrn.com/abstract=2653920 “Using a large dataset of news releases, we study instances of investors’ mistaken reaction, or misreaction, to news. We define misreaction as stock prices moving in the direction opposite to the …

Subjects: Economy, Financial System, Knowledge Management

FDIC-Insured Institutions Earn $43 Billion in Second Quarter 2015

News release: “Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion (7.3 percent) from a year earlier and the highest quarterly income on record. The increase in earnings was mainly attributable to a $3.6 billion …

Subjects: Economy, Financial System, Government Documents

Federal Reserve Beige Book September 2 2015

Summary of Commentary on Current Economic Conditions by Federal Reserve District Prepared at the Federal Reserve Bank of Boston based on information collected on or before August 24, 2015. This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials. …

Subjects: Economy, Financial System, Government Documents

International Journal of Central Banking September 2015

Volume 11, Supplement 1 September 2015 International Journal of Central Banking – Special Supplemental Issue: Reflections on 25 Years of Inflation Targeting Opening Remarks Graeme Wheeler Day One Keynote Address: Forward Guidance Lars E.O. Svensson Trend Inflation in Advanced Economies Christine Garnier, Elmar Mertens, and Edward Nelson Inflation Targeting and Economic Reforms in New Zealand …

Subjects: Economy, Financial System, Legal Research

Research Handbook on the Economics of Insurance Law: Introduction

Schwarcz, Daniel and Siegelman, Peter, Research Handbook on the Economics of Insurance Law: Introduction (August 21, 2015). Forthcoming in Research Handbook in the Economics of Insurance Law (Edw. Elgar: 2015). Available for download at SSRN: http://ssrn.com/abstract=2649078 “This introduction summarizes the overall scope of the Handbook and provides brief synopses of the 14 contributions.”

Subjects: Economy, Financial System, Legal Research

Bitcoin and the Uniform Commercial Code

Schroeder, Jeanne L., Bitcoin and the Uniform Commercial Code (August 22, 2015). Available for download at SSRN: http://ssrn.com/abstract=2649441 or http://dx.doi.org/10.2139/ssrn.2649441 “Much of the discussion of bitcoin in the popular press has concentrated on its status as a currency. Putting aside a vocal minority of radical libertarians and anarchists, however, many bitcoin enthusiasts are concentrating on …

Subjects: Economy, Financial System, Internet, Legal Research

Addressing Agency Costs Through Private Litigation in the U.S.

Cox, James D. and Thomas, Randall S., Addressing Agency Costs Through Private Litigation in the U.S: Tensions, Disappointments, and Substitutes (August 26, 2015). Vanderbilt Law and Economics Research Paper No. 15-20. Available for download at SSRN: http://ssrn.com/abstract=2651863 “Many scholars argue that over the past seventy years, shareholder representative litigation has acted as an important policing …

Subjects: Economy, Financial System, Legal Research

Census Data Used For Comprehensive Visualization of Segregation in American Cities

Wired – “This is the most comprehensive map of race in America ever created [by Dustin Cable at University of Virginia’s Weldon Cooper Center for Public Service]. White people are shown with blue dots; African-Americans with green; Asians with red; and Latinos with orange, with all other race categories from the Census represented by brown. …

Subjects: Civil Liberties, E-Government, Economy, Financial System, Government Documents, Housing, Knowledge Management, Legal Research, Legislation

World Bank Opens Online Archives Holdings

Elisa Liberatori Prati – World Bank – “In April 2015, as part of its commitment to transparency and openness, the World Bank Group launched its Archives Holdings website. This is a state-of-the-art platform, which maximizes the public’s online access to a vast amount of original primary source material in the custody of the Archives. Created …

Subjects: Economy, Education, Energy, Environmental Law, Financial System, Food and Nutrition, Government Documents, Internet, Knowledge Management, Libraries, Medicine, Poverty, Search Engines

Housing Tax and Transfer Programs Decrease Inequality

Gregory Acs and Paul Johnson, Urban Institute. August 18, 2015: “We examine the relationships between housing subsidies, the mortgage interest and real estate tax deductions, and income inequality and find that housing subsidies to low-income families reduce income inequality while the mortgage interest and real estate tax deductions increase it. On net, the distribution of …

Subjects: Economy, Financial System, Government Documents, Housing