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Bureau of Reclamation: Financial Information for Three California Water Programs, GAO-15-468R: Published: Jun 4, 2015. Publicly Released: Jul 6, 2015. Medicare Part B Drugs: Action Needed to Reduce Financial Incentives to Prescribe 340B Drugs at Participating Hospitals, GAO-15-442: Published: Jun 5, 2015. Publicly Released: Jul 6, 2015. Troubled Asset Relief Program: Treasury Could More Consistently …
Harvard Law School Forum on Corporate Governance and Financial Regulation – July 5, 2015 – Annette L. Nazareth, Davis Polk & Wardwell: “The week of June 15, 2015 saw two of the first publicly announced enforcement actions brought by the Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) to enforce security-based swap …
Keith Hall, CBO Director – “In May, the Congress adopted a concurrent resolution on the budget for fiscal year 2016. That resolution requires CBO, to the greatest extent practicable, to incorporate macroeconomic effects into its 10-year cost estimates for major legislation that Congressional committees approve. Such estimates must also include, when practicable, a qualitative assessment …
International Monetary Fund – IMF Country Report No. 15/165. July 2, 2015 – “At the last review in May 2014, Greece’s public debt was assessed to be getting back on a path toward sustainability, though it remained highly vulnerable to shocks. By late summer 2014, with interest rates having declined further, it appeared that no …
Cybersecurity: Bank and Other Depository Regulators Need Better Data Analytics and Depository Institutions Want More Usable Threat Information, GAO-15-509: Published: Jul 2, 2015. Publicly Released: Jul 2, 2015. “Regulators use a risk-based examination approach to oversee the adequacy of information security at depository institutions—banks, thrifts, and credit unions—but could better target future examinations by analyzing …
“The Federal Reserve Board on [July 1, 2015] released its first determination of the aggregate consolidated liabilities of all financial companies in accordance with section 622 of the Dodd-Frank Act, which prohibits any financial company from combining with another company if the resulting company’s liabilities exceed 10 percent of the aggregate consolidated liabilities of all …
Kakarot-Handtke, Egmont, Major Defects of the Market Economy (June 28, 2015). Available for download at SSRN: http://ssrn.com/abstract=2624350 “When we characterize an argument that has no sound theoretical foundation as political, then what has been produced by economists so far is political economics. However, since the Classics and Marx all major economic schools have defended the …
Working Paper Series – Congressional Budget Office Washington, DC. China’s Growing Energy Demand: Implications for the United States. Andrew Stocking Formerly an employee of the Congressional Budget Office; Terry Dinan, Congressional Budget Office. June 2015. Working Paper 2015-05. “Growing rapidly in recent decades, China’s demand for energy has nearly doubled since 2005—making China the world’s …
OCC’s Quarterly Report on Bank Trading and Derivatives Activities: First Quarter 2015 (PDF) – From the Executive Summary Insured U.S. commercial banks and savings associations reported trading revenue of $7.7 billion in the first quarter, $3.2 billion higher (71.6%) than the fourth quarter, and $1.5 billion higher ( 23.9%) than the first quarter of 2014. …
Liberty Street Economics – New York Fed – First in a two-part series, Gara Afonso and João Santos: “Did the Dodd-Frank Act end ‘‘too-big-to-fail’’ (TBTF)? In this series of two posts, we look at this question through the lens of rating agencies and financial markets. Today we begin by discussing rating agencies’ views on this …
85th Annual Report, Bank for International Settlements 2014/15 28 June 2015 “In its main economic review of the year, the BIS calls for a shift to a longer-term focus in policymaking, with the aim of restoring sustainable and balanced growth.” PDF (125 pages)
Long-term macroeconomic forecasts. Key trends to 2050. A special report from The Economist Intelligence Unit. June 2015. “China is expected to overtake the United States in 2026 in nominal GDP in US dollar terms and maintain its position as the largest economy to 2050. India is expected to move up the rankings to third place, …
