Category «Financial System»

New Statistics on the Activities of U.S. Multinational Enterprises Now Available

“The Bureau of Economic Analysis has released preliminary 2012 statistics on the outward activities of multinational enterprises (AMNEs). Outward AMNE statistics cover the worldwide activities of U.S. multinational enterprises (MNEs). These statistics provide information on the finance and operations of U.S. MNEs, including balance sheet and income statement details, employment and employee compensation, sales, value added, capital …

Subjects: E-Government, Financial System, Government Documents

High level hacking of US financial system linked to Russia as FBI investigates

Bloomberg: “Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. (JPM) and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe. The attack resulted in the loss of gigabytes of sensitive data, …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System

An Update to the Budget and Economic Outlook: 2014 to 2024

“The federal budget deficit has fallen sharply during the past few years, and it is on a path to decline further this year and next year. However, later in the coming decade, if current laws governing federal taxes and spending generally remained unchanged, revenues would grow only slightly faster than the economy and spending would …

Subjects: Congress, Economy, Financial System, Government Documents

Workplace Stress in the United States

OECD Economics Department Working Papers. Workplace Stress in the United States. Issues and Policies. Michael Darden, July 21, 2014. “Despite relative affluence, workplace stress is a prominent feature of the US labour market. To the extent that job stress causes poor health outcomes – either directly through increased blood pressure, fatigue, muscle pain, etc. or indirectly through increased …

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

“Crisis” Management: Uncertainty and the Workplace

August 2014 EBRI Issue Brief #403 Paperback, 20 pp. Employee Benefit Research Institute, 2014 Executive Summary: “While the nation is now a few years removed from the financial turmoil that led to the so-called Great Recession, “crisis” is a word still much bandied about. Crisis is, after all, something that cries out for swift and decisive action—and …

Subjects: Congress, Economy, Financial System, Health Care

The Simple Analytics of Helicopter Money: Why it Works – Always

Buiter, Willem H., The Simple Analytics of Helicopter Money: Why it Works – Always (August 21, 2014). Economics, Vol. 8, August 2014, DOI: org/10.5018/economics-ejournal.ja.2014-28. Available for download at SSRN: http://ssrn.com/abstract=2484853 “We provide a rigorous analysis of Milton Friedman’s parable of the ‘helicopter’ drop of money – a permanent/irreversible increase in the nominal stock of fiat base …

Subjects: Economy, Financial System

Evaluation of Systematic Trading Programs

Munenzon, Mikhail, Evaluation of Systematic Trading Programs (August 11, 2014). Available for download at SSRN: http://ssrn.com/abstract=2478676 “This paper is intended as a non-technical overview of the issues I found valuable in evaluation of systematic trading programs both as a systematic trader and as a large, institutional investor, having looked at numerous, diverse managers in this space …

Subjects: Economy, Financial System

Gap Between Higher- and Lower-Wealth Households Widens

“Median net worth increased between 2000 and 2011 for households in the top two quintiles of the net worth distribution (the wealthiest 40 percent), while declining for those in the lower three quintiles (the bottom 60 percent), according to new statistics released today by the U.S. Census Bureau. The result was a widening wealth gap …

Subjects: Economy, Education, Financial System, Government Documents

The transmission of unconventional monetary policy to the emerging markets

The transmission of unconventional monetary policy to the emerging markets, BIS Papers No 78 August 2014. 367 pages, PDF. “Highly accommodative monetary policies in the major advanced economies and the questions about the exit from such policies have created major challenges for policymakers in emerging market economies (EMEs). Quite a few of EMEs that experienced rapid capital …

Subjects: Economy, Financial System, Government Documents

Minutes of the Federal Open Market Committee, July 29-30, 2014

A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, July 29, 2014, at 10:00 a.m. and continued on Wednesday, July 30, 2014, at 9:00 a.m. [snipped from the release] Staff Review of the Economic Situation” The information …

Subjects: Congress, Economy, Financial System, Government Documents

Bank Of America To Pay $16.65 Billion In Historic Justice Department Settlement

“Attorney General Eric Holder and Associate Attorney General Tony West announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history ¬— to resolve federal and state claims against Bank of America and its former and …

Subjects: Economy, Financial System, Government Documents, Legal Research

The Effects of Unconventional Monetary Policies on Bank Soundness

IMF Working Paper – Monetary and Capital Markets Department – The Effects of Unconventional Monetary Policies on Bank Soundness. Prepared by Frederic Lambert and Kenichi Ueda. Authorized for distribution by Gaston Gelos. August 2014. “Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in …

Subjects: Economy, Financial System, Government Documents

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