Category «Financial System»

Talent, Company Size, and Financial Centres: London and the European Investment Management Industry

Clark, Gordon L., Talent, Company Size, and Financial Centres: London and the European Investment Management Industry (September 24, 2014). Available at SSRN: http://ssrn.com/abstract=2500767 “London dominates the European financial services industry, being the centre-point for advanced financial services, skilled labour, and the complex array of services needed to invest beyond Europe’s borders. As in other global financial …

Subjects: Economy, Financial System

The Production of Investment Returns in Spatially Extensive Financial Markets

Clark, Gordon L. and Monk, Ashby H. B., The Production of Investment Returns in Spatially Extensive Financial Markets (September 16, 2014). Available at SSRN: http://ssrn.com/abstract=2501912 “Investment returns are produced by combining financial assets with human capital, the decision-making protocols of investment institutions, and the electronic infrastructure which supports the flow of information about investment opportunities. At …

Subjects: Economy, Financial System

Towers Watson annual report on Fortune 500 directors compensation

“Total pay for outside directors at the nation’s largest corporations increased by 6% in 2013, fueled by higher stock-based compensation, according to a new analysis by global professional services company Towers Watson. The study also found that cash compensation remained flat for the first time since 2007, when proxy disclosure rules were enacted requiring companies …

Subjects: Economy, Financial System

The FRBNY DSGE Model Forecast

Matthew Cocci, Marco Del Negro, Stefano Eusepi, Marc Giannoni, and Sara Shahanaghi – Fifth in a five-part series “This series examines the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (FRBNY DSGE) model—a structural model used by Bank researchers to understand the workings of the U.S. economy and provide economic forecasts.The U.S. economy has been in …

Subjects: Economy, Financial System, Government Documents

Systemically Important or “Too Big to Fail” Financial Institutions

CRS – Systemically Important or “Too Big to Fail” Financial Institutions. Marc Labonte, Specialist in Macroeconomic Policy. September 19, 2014. “Although “too big to fail” (TBTF) has been a perennial policy issue, it was highlighted by the near-collapse of several large financial firms in 2008. Financial firms are said to be TBTF when policy makers judge that their failure would …

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

Assessment of the FRBNY DSGE Model’s Real-Time Forecasts, 2010-13

Matthew Cocci, Marco Del Negro, Stefano Eusepi, Marc Giannoni, and Sara Shahanaghi – Fourth in a five-part series “This series examines the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (FRBNY DSGE) model—a structural model used by Bank researchers to understand the workings of the U.S. economy and provide economic forecasts.The previous post in this …

Subjects: Economy, Financial System, Government Documents

Moody’s – Largest Public Pensions Face $2 Trillion Gap

Brian Chappatta – Bloomberg: “The 25 largest U.S. public pensions face about $2 trillion in unfunded liabilities, showing that investment returns can’t keep up with ballooning obligations, according to Moody’s Investors ServiceThe 25 biggest systems by assets averaged a 7.45 percent return from 2004 to 2013, close to the expected 7.65 percent rate, Moody’s said …

Subjects: Economy, Financial System, Government Documents

How Much (More) Should CEOs Make? A Universal Desire for More Equal Pay

Kiatpongsan, Sorapop, and Michael I. Norton. How Much (More) Should CEOs Make? A Universal Desire for More Equal Pay. Perspectives on Psychological Science (forthcoming). “Do people from different countries and different backgrounds have similar preferences for how much more the rich should earn than the poor? Using survey data from 40 countries (N = 55,238), we compare respondents’ estimates of …

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

Updated reverse mortgage guide: Two things you should know

CFPB: “More and more homeowners are considering tapping their home equity as they approach retirement age. Getting a reverse mortgage is one way that some older homeowners can do that. Reverse mortgages are a special type of home equity loan sold to homeowners aged 62 years and older, which are repaid when the borrowers sell …

Subjects: Economy, Financial System, Government Documents

Measuring Labor Market Slack

CBO – Presentation by Wendy Edelberg at the Peterson Institute for International Economics conference on Labor Market Slack: Assessing and Addressing in Real Time “In CBO’s view, the current slack in the labor market consists of multiple elements, including: The labor force participation rate is well below what CBO estimates would be achieved if the demand for …

Subjects: Economy, Financial System, Government Documents

The Price of Crisis: Eminent Domain, Local Governments, and the Value of Underwater Mortgages

Brescia, Raymond H. and Martin, Nicholas M., The Price of Crisis: Eminent Domain, Local Governments, and the Value of Underwater Mortgages (September 19, 2014). Temple Political & Civil Rights Law Review, Vol. 24, 2014, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2498651 “Governments at all levels in the U.S. have deployed a range of tactics to address …

Subjects: Economy, Financial System, Housing, Legal Research

Left Behind: The Long-term Unemployed Struggle in an Improving Economy

“A new John J. Heldrich Center for Workforce Development at Rutgers University analysis of unemployed and long-term unemployed Americans reveals the profound struggles of Americans who remained jobless for months and years even as the economy gradually recovers. The survey reveals that more than 7 in 10 the long-term unemployed say they have less in savings …

Subjects: Economy, Financial System

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