Category «Financial System»

New GAO Reports – Coast Guard, Combating Nuclear Smuggling, Federal Reserve Banks’ Information Systems Controls

Coast Guard: Timely Actions Needed to Address Risks in Using Rotational Crews, GAO-15-195: Published: Mar 6, 2015. Publicly Released: Apr 6, 2015. Combating Nuclear Smuggling: DHS Research and Development on Radiation Detection Technology Could Be Strengthened, GAO-15-263: Published: Mar 6, 2015. Publicly Released: Apr 6, 2015. Management Report: Areas for Improvement in the Federal Reserve …

Subjects: Defense, Economy, Financial System, Government Documents

EU Material deprivation statistics – early results

“Eurostat disseminates early results for severe material deprivation rates so that trends in poverty levels can be tracked more closely. 2014 data are available for over half the European Union (EU) Member States, and Iceland. The coverage and the timeliness is expected to increase in the coming years. Latvia and Hungary have provided final data …

Subjects: Economy, Financial System, Government Documents, Poverty

The Implementation of State Sponsored Retirement Plans

Carlin, Bruce I. and Davies, Shaun William, The Implementation of State Sponsored Retirement Plans (April 3, 2015). Available for download at SSRN: http://ssrn.com/abstract=2589701 “State sponsored retirement plans have been proposed and implemented to provide people with new access to defined contribution retirement opportunities. Many of these people have no other options and typically have low …

Subjects: Economy, Financial System

The Salary Required to Be “Middle Class” in Every State

Kristin Wong – LifeHacker – ““Middle class” doesn’t have a definite, official definition. But the Pew Charitable Trust defines it as households that earn between 67 and 200 percent of a state’s median income. Based on this metric and some statistics, Business Insider came up with a list of how much you have to earn …

Subjects: Economy, Financial System, Government Documents

The Most & Least Financially Literate States in America – 2015

John S. Kiernan, WalletHub: “The issue of widespread financial illiteracy – not just in this country, but around the world – has rightfully garnered significant attention in the aftermath of the Great Recession. The housing market collapse and ensuing global financial crisis served as a stark reminder of our societal obsession with debt as well …

Subjects: Economy, Financial System

Discussion of “Systemic Risk and the Solvency-Liquidity Nexus of Banks”

Federal Reserve Bank of New York – Discussion of “Systemic Risk and the Solvency-Liquidity Nexus of Banks” April 2015 Number 722 Tobias Adrian “Pierret (2015) presents empirical analysis of the solvency-liquidity nexus for the banking system, documenting that a shock to the level of banks’ solvency risk is followed by lower short-term debt. Conversely, higher short-term …

Subjects: Economy, Financial System, Government Documents

Occupational employment and wages in 2014

BLS, April 2, 2015 – “The occupations with the largest employment in May 2014 were retail salespersons and cashiers. These two occupations combined made up nearly 6 percent of total U.S. employment. There were 4.6 million retail salespersons and 3.4 million cashiers employed in May 2014. The 10 largest occupations accounted for 21 percent of …

Subjects: Economy, Financial System, Government Documents

The Impact of Tight Credit Standards on 2009-13 Lending

Urban Institute – The Impact of Tight Credit Standards on 2009-13 Lending. Laurie Goodman, Jun Zhu, Taz George. April 2015. “Tight credit standards curbed mortgage lending activity from 2009 to 2013. Based on our estimates, if the cautious standards of 2001 had been in place rather than the more severe standards that were in place over these …

Subjects: Economy, Financial System, Housing

The United Kingdom: Background and Relations with the United States

CRS – The United Kingdom: Background and Relations with the United States, Derek E. Mix, Analyst in European Affairs. March 27, 2015. “Many U.S. officials and Members of Congress view the United Kingdom (UK) as the United States’ closest and most reliable ally. This perception stems from a combination of factors, including a sense of …

Subjects: Congress, Defense, Economy, Financial System, Government Documents

Latest Federal Tax Return Info by County, State

Transactional Records Access Clearinghouse – “Based on adjusted gross income (AGI), the richest county in the country during filing year 2013 was Teton County, Wyoming where the average AGI reported was $296,778. At the other end of the ranking was Gooding County, Idaho with an average AGI of $15,379. New York County (Manhattan) topped the …

Subjects: Economy, Financial System, Government Documents

Legal, Political and Institutional Constraints on the Financial Crisis Policy Response

Legal, Political, and Institutional Constraints on the Financial Crisis Policy Response. March 2015. Phillip Swagel is Professor in International Economic Policy, University of Maryland School of Public Policy, College Park, Maryland. From December 2006 to January 2009, he was Assistant Secretary for Economic Policy at the US Department of the Treasury. “The story of the …

Subjects: Economy, Financial System, Legal Research

The Liquidation of Government Debt

The Liquidation of Government Debt, Carmen M. Reinhart and M. Belen Sbrancia. IMF Working Paper. January 21, 2015. “High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and …

Subjects: Economy, Financial System, Government Documents

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