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The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States, Ben Hunt; Dirk Muir; Martin Sommer. May 1. 2015. WP/15/92. “This paper uses two of the IMF’s structural macroeconomic models to estimate the potential global impact of the boom in unconventional oil and natural gas in the United States. The …
Group of Twenty – Measures Which are Both Macroprudential and Capital Flow Management Measures: IMF Approach, April 30, 2015. “The global financial crisis underscored the costs of systemic instability at both the national and global levels and highlighted the importance of dedicated macroprudential and capital flow management policies. The IMF has been assisting its members …
Folkinshteyn, Daniel and Meric, Gulser and Meric, Ilhan, Investor Reaction in Stock Market Crashes and Post-Crash Market Reversals (December 15, 2014). International Journal of Business and Finance Research, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2601622 ‘We study investor overreaction using data for five major stock market crashes during the 1987-2008 period. We find some evidence …
“The Federal Reserve Board on Thursday released its Semiannual Report on Banking Applications Activity, which provides aggregate information on proposals filed by banking organizations and reviewed by the Federal Reserve. The report includes information on the number of proposals that have been approved, denied, and withdrawn, as well as the average length of time taken …
“The Bank for International Settlements (BIS) today released OTC derivatives statistics at end-December 2014. OTC derivatives markets contracted in the second half of 2014. The notional amount of outstanding contracts fell by 9% between end-June 2014 and end-December 2014, from $692 trillion to $630 trillion. Exchange rate movements exaggerated the contraction of positions denominated in …
News release: “Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory factors. The pace of job gains moderated, and the unemployment rate remained steady. A range of labor market indicators suggests that underutilization of labor resources was little changed. Growth …
United States Courts -“Bankruptcy filings for the 12-month period ending March 31, 2015, fell 12 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2014, according to statistics released today by the Administrative Office of the U.S. Courts. March 2015 bankruptcy filings totaled 911,086, compared to the 1,038,280 bankruptcy cases filed …
“This updated Progress report on adoption of the Basel regulatory framework provides a high-level view of Basel Committee members’ progress in adopting Basel II, Basel 2.5 and Basel III standards as of end-March 2015. The report focuses on the status of domestic rule-making processes to ensure that the Basel standards are transformed into national law …
“The Stolen Asset Recovery Initiative (StAR) is a partnership between the World Bank Group and the United Nations Office on Drugs and Crime (UNODC) that supports international efforts to end safe havens for corrupt funds. StAR works with developing countries and financial centers to prevent the laundering of the proceeds of corruption and to facilitate …
Arias, Jonas and Caldara, Dario and Rubio-Ramirez, Juan Francisco, The Systematic Component of Monetary Policy in SVARs: An Agnostic Identification Procedure (March 13, 2015). FRB International Finance Discussion Paper No. 1131. Available for download at SSRN: http://ssrn.com/abstract=2598244 “Following Leeper, Sims, and Zha (1996), we identify monetary policy shocks in SVARs by restricting the systematic component of …
Global Financial Stability Report, April 2015 : Navigating Monetary Policy Challenges and Managing Risks, International Monetary Fund. “The current report finds that, despite an improvement in economic prospects in some key advanced economies, new challenges to global financial stability have arisen. The global financial system is being buffeted by a series of changes, including lower …
“Among the 50 largest counties with the most employees, Sacramento, Calif., had the highest rate of employment growth among all sectors between 2012 and 2013 (up 5.5 percent to 428,475), according to new U.S. Census Bureau statistics released today. Sacramento was followed by two Texas counties: Travis (up 4.9 percent to 514,749) and Harris (up …
