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CRS – Welfare, Work, and Poverty Status of Female-Headed Families with Children: 1987-2013,Thomas Gabe, Specialist in Social Policy, November 21, 2014. “Eighteen years have passed since repeal of what was the nation’s major cash welfare program assisting low-income families with children, the Aid to Families with Dependent Children (AFDC) program, and its replacement with a block grant of …
Gabilondo, José, Central Banks, Systemic Lending, and Collateral Markets (December 4, 2014). Matthias Haentjens & Bob Wessels (eds.), Research Handbook on Crisis Management in the Banking Sector, Edward Elgar Publishing Ltd, Cheltenham, UK, 2015, Forthcoming, 2015; Florida International University Legal Studies Research Paper No. 14-32. Available for download at SSRN. “This chapter examines the evolving …
NY Fed – Interest Rate Derivatives and Monetary Policy Expectations. Richard Crump, Emanuel Moench, William O’Boyle, Matthew Raskin, Carlo Rosa, and Lisa Stowe First in a two-part series – “Market expectations of the path of future policy rates can have important implications for financial markets and the economy. Because interest rate derivatives enable market participants to …
“The federal government’s budget deficit was $181 billion for the first two months of fiscal year 2015, $45 billion less than the shortfall recorded in October and November of last year, CBO estimates. That outcome was affected by shifts in the timing of certain payments. Without those shifts, the deficit would have declined by just $9 billion. Total …
“Cleveland Fed and OFR Conference on December 4-5 in DC Focused on Approaches to Monitoring Financial Stability and Development/Implementation of Macroprudential Policy. This second annual Cleveland Fed/OFR conference brought together policymakers, market participants, and academics to discuss: Macroprudential policy development and implementation Tools that measure vulnerabilities in the financial system Measurement challenges in the implementation of …
Capital Markets Law Journal Advance Access published November 28, 2014 – Royce Miller “Financial institutions (FIs) provide services that are critical to the smooth operation of the global economy and every national economy. Banks look after their customers’ money and provide money transmission services so that customers can be paid their salaries, pay their bills and withdraw cash through …
Federal Reserve Bank of St. Louis: “Beginning in the 1980s and 1990s, storefront payday loan businesses began to spring up across the country and quickly became commonplace. Today, there are approximately 20,000 storefront lenders, an average of 6.3 payday stores for every 100,000 people. By comparison, in 2012, there were 14,157 McDonald’s restaurants in the United States. Additionally, …
“This third annual report of the Office of Financial Research (OFR) assesses threats to U.S. financial stability, outlines OFR research that supports the assessment, and describes the OFR’s progress in meeting our mission. The report also evaluates policy initiatives for promoting financial stability and describes our work to improve the quality and scope of financial data and analysis. The OFR, financial …
Summary of Commentary on Current Economic Conditions by Federal Reserve District Prepared at the Federal Reserve Bank of Chicago and based on information collected on or before November 24, 2014. “Reports from the twelve Federal Reserve Districts suggest that national economic activity continued to expand in October and November. A number of Districts also noted that …
“Preventing and managing data breaches have become two of the highest priorities facing businesses today. To help executives plan ahead, Experian Data Breach Resolution announces the release of its second annual Data Breach Industry Forecast, a complimentary white paper outlining key issues and trends to watch for in 2015. Many evolving factors such as new threats, regulatory changes …
Do Homeownership and Rent Subsidies Protect Individuals from Material Hardship? Robert I. Lerman and Sisi Zhang, November 2014. “Homeowners and subsidized renters experience significantly lower material hardship than unsubsidized renters, even after taking account of income, income variability, race, education, and family structure. Homeownership conveys more protection against hardship than do rent subsidies. Using the Survey of …
“In their latest report, Four-Year Myth, Complete College America and its Alliance of States reveal that the vast majority of full-time American college students do not graduate on time, costing them and their families tens of thousands of dollars in extra college-related expenses, as well as lost wages from delaying entry into the workforce. The …
