Category «Financial System»

Open Bitcoin Privacy Project assesses wallet privacy in new report

“The Open Bitcoin Privacy Project (OBPP) – an open-source, international organization whose goal is to improve financial privacy within the Bitcoin ecosystem – has released its Spring 2015 Wallet Privacy Rating Report. In the report, the OBPP rates the 10 most popular Bitcoin wallets by measuring the wallets’ effectiveness at protecting users’ privacy. Each wallet …

Subjects: E-Commerce, Economy, Financial System

Mobility, Economic Opportunity and New York City Neighborhoods

Kaufman, Sarah and Moss, Mitchell L. and Tyndall, Justin and Hernandez, Jorge, Mobility, Economic Opportunity and New York City Neighborhoods (December 29, 2014). NYU Wagner Research Paper No. 2598566. Available for download at SSRN: http://ssrn.com/abstract=2598566 “Although public transit provides access to jobs throughout the New York City region, there are actually substantial inequalities in mobility. …

Subjects: Economy, Financial System, Transportation

Federal Reserve proposes adding certain investment grade general obligation state and local municipal bonds to types of assets big banks may hold to meet liquidity needs

“The Federal Reserve Board on Thursday proposed adding certain general obligation state and municipal bonds to the range of assets a banking organization may use to satisfy regulatory requirements designed to ensure that large banking organizations have the capacity to meet their liquidity needs during a period of financial stress. Under the Liquidity Coverage Ratio …

Subjects: Economy, Financial System, Government Documents

New GAO Reports – Federal Vehicle Fleets, Medicare Physician Payment Rates, Nuclear Weapons Council, Telecommunications, Unemployment Insurance

Federal Vehicle Fleets: Leading Practices for Managing Fleet Operations, GAO-15-644T: Published: May 21, 2015. Publicly Released: May 21, 2015. Medicare Physician Payment Rates: Better Data and Greater Transparency Could Improve Accuracy, GAO-15-434: Published: May 21, 2015. Publicly Released: May 21, 2015. Nuclear Weapons Council: Enhancing Interagency Collaboration Could Help with Implementation of Expanded Responsibilities, GAO-15-446: …

Subjects: Defense, Economy, Financial System, Internet, Medicine

DOJ – Five Major Banks Agree to Parent-Level Guilty Pleas

News release: “Five major banks – Citicorp, JPMorgan Chase & Co., Barclays PLC, The Royal Bank of Scotland plc and UBS AG – have agreed to plead guilty to felony charges.   Citicorp, JPMorgan Chase & Co., Barclays PLC, and The Royal Bank of Scotland plc have agreed to plead guilty to conspiring to manipulate the …

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

Minutes of the Federal Open Market Committee, April 28-29, 2015

Minutes of the Federal Open Market Committee – April 28-29, 2015 “Developments in Financial Markets and the Federal Reserve’s Balance Sheet – In a joint session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the manager of the System Open Market Account (SOMA) reported on developments …

Subjects: Economy, Financial System, Government Documents

Testimony on the Work of Congressional Budget Office

Testimony by CBO Director Keith Hall before the Committee on the Budget, United States Senate, May 19, 2015. “The Congressional Budget Act of 1974 instituted a formal process through which the Congress could develop, coordinate, and enforce its own budgetary priorities and created legislative institutions to implement the new Congressional budget process: the House and …

Subjects: Congress, Economy, Financial System, Government Documents

The Evolution of Retirement Wealth

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C. The Evolution of Retirement Wealth. Sebastian Devlin-Foltz, Alice M. Henriques, and John Sabelhaus. 2015-009 “Is the current mix of tax preferences for employer-sponsoredpensionsand individual retirementsaving in the U.S. delivering the best possible retirement-preparedness across and within generations? …

Subjects: Economy, Financial System, Government Documents

Evolving Credit and the U.S. Macroeconomy: 1920-2011

Amir-Ahmadi, Pooyan, Evolving Credit and the U.S. Macroeconomy: 1920-2011 (May 17, 2015). Available for download at SSRN: http://ssrn.com/abstract=2607191 “This paper studies evolving macroeconomic consequences of adverse credit spread shocks for the US economy over the past century. The key objective is to characterize and quantify how the credit transmission mechanism has changed in shaping the …

Subjects: Economy, Financial System

Rethinking Financial Deepening: Stability and Growth in Emerging Markets

IMF – Rethinking Financial Deepening: Stability and Growth in Emerging Markets. May 4, 2015. “The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains …

Subjects: Economy, Financial System, Government Documents

Financial Assistance Measures in the Euro Area from 2008 to 2013

European Central Bank – Financial Assistance Measures in the Euro Area from 2008 to 2013: Statistical Framework and Fiscal Impact – April 2015. “This paper summarises the accounting principles and methodology used by statisticians within the European System of Central Banks (ESCB) to assess the impact on the government’s fiscal position of the assistance measures …

Subjects: Economy, Financial System, Government Documents