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Office of Financial Research (OFR) Working Paper Series, February 11, 2015: “Financial instability often results from positive feedback loops intrinsic to the operation of the financial system. The challenging task of identifying, modeling, and analyzing the causes and effects of such feedback loops requires a proper systems engineering perspective lacking in the remedies proposed in …
“Five federal financial regulatory agencies today issued guidance to encourage federally insured depository institutions to offer youth savings programs to expand the financial capability of young people. The guidance also provides answers to frequently asked questions related to the establishment of these programs. Many financial institutions already collaborate with schools to establish programs that allow …
Kagan Media Appraisals: “Our assignment was to prepare an analysis of the financial capacity and competitive appetite of the wireless carriers, in particular AT&T and Verizon, to fully participate in back-to-back AWS-3 and 600 MHz Incentive auctions, assuming a 2016 start date for the 600 MHz Incentive Auction. This report is for informational purposes only …
“Determined and systemic action to implement a comprehensive reform agenda across a wide range of policy areas offers governments the best chance to boost weak demand, restore healthy economic growth, create jobs and ensure that the gains are broadly shared across society, according to the OECD’s latest Going for Growth report. The report assesses and compares …
FINRA Report on Cybersecurity Practices, February 2015 – Executive Summary – “Like many organizations in the financial services and other sectors, broker-dealers (firms) are the target of cyberattacks. The frequency and sophistication of these attacks is increasing and individual broker-dealers, and the industry as a whole, must make responding to these threats a high priority. …
How Social Security Benefits Are Computed: In Brief. Noah P. Meyerson, Analyst in Income Security. February 4, 2015. “With about $900 billion in benefit outlays projected to be made in 2015, Social Security is the largest program in the federal budget. It provides monthly cash benefits to retired and disabled workers and their family members …
Monetary spillovers? Boom and bust? Currency wars? The international monetary system strikes back speech by Fabrizio Saccomanni, BIS Special Governors’ Meeting. Manila, 6 February 2015. “In recent years, the global financial system has witnessed several episodes of instability due to the external repercussions of monetary policy measures by major countries, the development of financial cycles characterised …
Global Commission on Internet Governance, The Impact of the Dark Web on Internet Governance and Cyber Security, Michael Chertoff and Tobby Simon, Paper Series: No. 6, February 2015. “With the Internet Corporation for Assigned Names and Numbers’ contract with the United States Department of Commerce due to expire in 2015, the international debate on Internet …
Employee Benefit Research Institute – Employee Tenure Trends, 1983–2014 “The most recent U.S. Census Bureau data show that the overall median tenure of workers—the midpoint of wage and salary workers’ length of employment in their current jobs—was slightly higher in 2014, at 5.5 years, compared with 5.0 years in 1983 However, the median tenure for …
Swedloff, Rick, Risk Classification’s Big Data (R)Evolution (2014). Connecticut Insurance Law Journal, Vol. 21, 2014. Available for download at SSRN: http://ssrn.com/abstract=2566594 “Insurers can no longer ignore the promise that the algorithms driving big data will offer greater predictive accuracy than traditional statistical analysis alone. Big data represents a natural evolutionary advancement of insurers trying to …
“This morning, the Council of Economic Advisers released the 69th-annual Economic Report of the President, which reviews the United States’ accelerating recovery and ways to further support middle-class families as the recovery continues. The economy is recovering from the Great Recession at an increasing pace, growing at an annual rate of 2.8 percent over the past …
Via Katrina Stierholz, Federal Reserve Bank of St. Louis – “additions to FRASER since its relaunch in October 2014 – FRASER – the Federal Reserve Archival System for Economic Research – has added thousands of new items to its free digital library of economics and banking history and offers a wealth of primary and secondary …
