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Liu, Estelle Xue and Mattina, Todd and Poghosyan, Tigran, Correcting “Beyond the Cycle:” Accounting for Asset Prices in Structural Fiscal Balances (May 2015). IMF Working Paper No. 15/109. Available at for download SSRN: http://ssrn.com/abstract=2615301 “This paper outlines an operational approach for incorporating the impact of asset price cycles in the calculation of structural fiscal balances …
“Policymakers and the public have given much attention to economic inequality in the past few years. In general terms, inequality refers to the differences between people with the highest levels of wealth, income, or earnings and those with the lowest levels. How big are these differences? Have they grown over time? What other ways do …
Bank for International Settlements – Interest rate risk in the banking book – consultative document, June 2015: “The consultative document on the risk management, capital treatment and supervision of interest rate risk in the banking book (IRRBB) expands upon and is intended to ultimately replace the Basel Committee’s 2004 Principles for the management and supervision …
BIS Quarterly Review June 2015 International banking and financial market developments – 167 pages, PDF International banking and financial market developments – Highlights of the BIS international statistics: “Global cross-border claims increased by $11.6 billion between end-September and end-December 2014 on an exchange rate-adjusted basis. Cross-border claims grew at a year-on-year rate of 5%, with …
Exponential Finance: Who Will Be the Instagram or Uber of Finance? – Jason Dorrier: “Abra is exemplary of what happens when several digital technologies converge in one product. Combining an Uber-like peer-to-peer network with smartphone technology and blockchain, Abra literally stashes the cash in your pocket on your smartphone. From there, users can send cash as easy …
Lisa Weintraub Schifferle – Attorney, FTC Division of Consumer and Business Education – “A data breach at the Office of Personnel Management (OPM) – and you’re a current or former federal employee whose personal information may have been exposed. What should you do? Take a deep breath. Here are the steps to take. First Step …
“In the U.S. and abroad, a new generation of data-driven programs is testing ways to help the poor to save more, live better and find their own way to economic security.” Referenced Research Article – Science 15 May 2015: Vol. 348 no. 6236 DOI: 10.1126/science.1260799 – A multifaceted program causes lasting progress for the very …
Bhattacharya, Rudrani and Patnaik, Ila, Financial Inclusion, Productivity Shocks, and Consumption Volatility in Emerging Economies (June 3, 2015). World Bank Policy Research Working Paper No. 7288. Available for download at SSRN: http://ssrn.com/abstract=2614184 “How does access to finance impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. …
Douglas Gillison – “Air cargo passing through New York City in 2002 included nearly 700,000 carats of diamonds shipped from the African nation of Ghana. Though they were worth at least $320 million, customs data showed that the gems were valued on paper at less than $11 million, according to researchers from Penn State and …
Testimony of Danielle Brian, Executive Director, Project On Government Oversight, before the Senate Homeland Security and Governmental Affairs Committee regarding “Watchdogs Needed: Top Government Investigator Positions Left Unfilled for Years” June 3, 2015. “At their best, Offices of Inspector General (OIG) are essential to a well-functioning federal government. IG offices recover billions of dollars in …
M-RCBG Associate Working Paper No. 42 What’s Behind the Non-Bank Mortgage Boom? Marshall Lux and Robert Greene, June 2015. “Mortgages constitute a large, complex, and controversial market in the United States, shaped largely by federal policymaking. Since 2010, the role of non-banks – a term commonly used to define firms unassociated with a depository institution …
“Bank for International Settlements – June 2015: The report provides insight into the current supervisory framework around credit risk, the state of credit risk management at firms and implications for the supervisory and regulatory treatments of credit risk. It is based on a survey that the Joint Forum conducted with supervisors and firms in the …
