Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
Via LLRX.com – Book Review – “The Age of Cryptocurrency” – Alan Rothman highlights the increasing impact of an online payment system that is immersed in finance and economics around the world – the expanding use of bitcoin and cryptocurrencies. With actionable links to expert professional topical sources on these subjects, Alan’s article will bring …
“[May 13, 2015], Citizens Against Government Waste (CAGW) released its 2015 Congressional Pig Book, the 23rd edition of the group’s exposé on pork-barrel spending. CAGW President Tom Schatz was joined at the Phoenix Park Hotel in Washington, D.C. by Sens. John McCain (R-Ariz.), Pat Toomey (R-Pa.), Jeff Flake (R-Ariz.), and Joni Ernst (R-Iowa), and Rep. …
Financial Innovation: The Origins of the Tri-Party Repo Market, Antoine Martin and Susan McLaughlin First in a two-part series. “The conventional wisdom about financial innovation is that it is typically undertaken as a way to increase profits. However, financial innovation can also occur as a response to the need to reduce risk. Tri-party repo is …
The Influence of Systemic Importance Indicators on Banks’ Credit Default Swap Spreads by Jill Cetina and Bert Loudis. “This paper examines credit default swap (CDS) spreads in a sample of international banks for evidence of a benefit related to possible measures of systemic importance. The authors find a consistent, statistically significant negative relationship between five-year …
“Checking accounts are a vital financial tool, utilized by 9 in 10 American households. This report provides the third annual evaluation of disclosure, overdraft, and dispute resolution policies and practices of 45 of the nation’s 50 largest retail banks, totaling 66 percent of all domestic deposit volume. Pew’s Model Summary Disclosure Box for Checking Accounts …
“The Accenture Strategy 2015 U.S. College Graduate Employment Study finds that new college graduates are well prepared as they enter the workforce. They’re responding to the growing need for STEM degrees. They’re thinking about potential jobs before choosing a major field of study. They’re pursuing internships and ongoing training opportunities. And colleges are doing their …
Liberty Street Economics – New York Fed – Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw: “Today’s release of the New York Fed’s Quarterly Report on Household Debt and Credit for the first quarter of 2015 reports a flattening in household debt balances. The slow growth in debt balances has left many …
Experian – “We all know who the icons of new wealth are – the Bill Gateses of America, if you will – but do you know where, in each state, the rich and powerful seclude themselves? We’ve gathered the data and organized it into what we think you’ll find to be a fascinating little graphic. …
The Roosevelt Institute – Mike Konczal – “I’m very excited to announce the release of Rewriting the Rules of the American Economy, Roosevelt Institute’s new inequality agenda report by Joe Stiglitz. I’m thrilled to be one of the co-authors, as I think this report really tells a compelling story about inequality and the challenges the …
European Banking Authority Report issued May 5, 2015 – completed March 2015 – Joint Committee Report on the Risks and Vulnerabilities in the EU Financial System “Since the August 2014 Joint Committee Report on Risk and Vulnerabilities the risks facing the EU financial system did not substantially change in character, but intensified further. The same …
“In commemoration of Mother’s Day, Save the Children is publishing its 16th annual State of the World’s Mothers report with a special focus on our rapidly urbanizing world and the poorest mothers and children who must struggle to survive despite overall urban progress. Every day, 17,000 children die before reaching their fifth birthday. Increasingly, these …
Fernàndez, Andrés and Tamayo, César E., From Institutions to Financial Development and Growth: What are the Links? (March 2015). IDB Working Paper No. IDB-WP-565. Available for download at SSRN: http://ssrn.com/abstract=2603124 “This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, …
