Category «Financial System»

BIS Quarterly Review, March 2015

BIS Quarterly Review March 2015 International banking and financial market developments [268 pages, PDF] – Table of Contents follows: A wave of further easing – Largely unexpected, a wave of monetary policy easing over the past few months has taken centre stage in global financial markets. Amid plunging oil prices and rising foreign exchange tensions, …

Subjects: Economy, Financial System

New GAO Reports – DOE Facilities, Financial Company Bankruptcies, Geospatial Data, IRS Info Security, Military Personnel

DOE Facilities: Better Prioritization and Life Cycle Cost Analysis Would Improve Disposition Planning, GAO-15-272: Published: Mar 19, 2015. Publicly Released: Mar 19, 2015. Financial Company Bankruptcies: Information on Legislative Proposals and International Coordination, GAO-15-299: Published: Mar 19, 2015. Publicly Released: Mar 19, 2015. Geospatial Data: Progress Needed on Identifying Expenditures, Building and Utilizing a Data …

Subjects: Civil Liberties, Cybersecurity, Economy, Energy, Financial System, Government Documents, Knowledge Management

Federal Reserve Board and Federal Open Market Committee release economic projections from the March 17-18 FOMC meeting

Release Date: March 18, 2015 – “Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. A range of labor market indicators suggests that underutilization of labor resources continues to diminish. Household …

Subjects: Economy, Financial System, Government Documents

New GAO Reports – Crop Insurance, Security Clearances

Crop Insurance: Reducing Subsidies for Highest Income Participants Could Save Federal Dollars with Minimal Effect on the Program, GAO-15-356: Published: Mar 18, 2015. Publicly Released: Mar 18, 2015: “The federally subsidized crop insurance program helps about 1 million participants manage the risk inherent in farming. In recent years, the government’s costs for the crop insurance …

Subjects: Defense, Economy, Financial System

OECD Economic Outlook and Interim Global Economic Assessment

“Low oil prices and monetary easing are boosting growth in the world’s major economies, but  the near-term pace of expansion remains modest, with abnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment. Strong domestic demand is driving growth in the United States, which, combined with …

Subjects: Economy, Financial System, Government Documents

Federal Reserve Board announces proposal requiring banking organizations to include existing Legal Entity Identifiers on certain regulatory reporting forms

“The Federal Reserve Board on Monday announced a proposal that would require banking organizations to include their existing Legal Entity Identifiers (LEIs) on certain regulatory reporting forms. The LEI is a unique reference code to enable easier identification of a firm’s legal entities. During the financial crisis, regulators and the public were often unable to …

Subjects: Economy, Financial System, Government Documents, Internet, Knowledge Management

The Effects of Potential Cuts in SNAP Spending on Households With Different Amounts of Income

CBO – “The Supplemental Nutrition Assistance Program (SNAP, formerly known as Food Stamps) provides benefits to low-income households to help them buy food. Total federal expenditures on SNAP amounted to $76 billion in fiscal year 2014. In an average month that year, 47 million people (or one in seven U.S. residents) received SNAP benefits. Some …

Subjects: Economy, Financial System

Recovery Planning: A New Valuable Corporate Governance Framework for Credit Institutions

Amorello, Luca and Huber, Sacha, Recovery Planning: A New Valuable Corporate Governance Framework for Credit Institutions (March 9, 2015). Law and Economics Yearly Review, Vol. 3, Part 2, 2014 (pp. 296-317). Available for download at SSRN: http://ssrn.com/abstract=2577760 “Since the outset of the 2008 financial crisis, policymakers realized the need to implement a new regime for …

Subjects: Economy, Financial System

Financial crisis, US unconventional monetary policy and international spillovers

Financial crisis, US unconventional monetary policy and international spillovers by Qianying Chen, Andrew Filardo, Dong He and Feng Zhu. Bank for International Settlements Working Paper No 494. March 2015. “We study the impact of US quantitative easing (QE) on both the emerging and advanced economies, estimating a global vector error correction model (GVECM). We focus …

Subjects: Economy, Financial System, Government Documents

Pay for Performance and Compensation Inequality: Evidence from the ECEC

Has performance pay contributed to the rise of inequality in the United States? – Maury B. Gittleman “The tremendous amount of attention paid to Thomas Piketty’s book Capital in the Twenty-First Century, as well as the French economist’s more academic writings, have helped raise awareness of rising economic inequality in the United States. Maury Gittleman …

Subjects: Economy, Financial System, Government Documents

Income growth and decline under recent U.S. presidents and the new challenge to restore broad economic prosperity

“In this new study, economist Robert Shapiro, chairman of Sonecon, LLC, and a faculty member of Georgetown University’s McDonough School of Business, analyzes new Census Bureau data to track the household incomes of Americans by age cohort, following their income paths as they age. Using this approach, Shapiro shows that income progress was broad and robust …

Subjects: Economy, Education, Financial System, Government Documents