Category «Financial System»

The Precise Form of Financial Integration: Empirical Evidence for Selected Asian Countries

Gan, Pei-Tha, The Precise Form of Financial Integration: Empirical Evidence for Selected Asian Countries (2014). Economic Modelling, Vol. 42, 2014. Available for download at SSRN: http://ssrn.com/abstract=2471390 “A noteworthy attribute of the empirical studies on financial integration is that many published papers rely on the approximate form of financial integration by studying the degree of regional financial …

Subjects: Economy, Financial System, Government Documents

Wealth Levels, Wealth Inequality, and the Great Recession

“In a new Recession Brief for the Recession Trends initiative, Fabian T. Pfeffer (University of Michigan), RSF president Sheldon Danziger, and Robert F. Schoeni (University of Michigan) explore the extent to which the Great Recession altered the level and distribution of American families’ wealth, looking at the period between 2007 and 2013. While the Recession had a …

Subjects: Economy, Financial System, Poverty

Why “Can’t Make Ends Meet” Trumps “Poverty”

Moyers & company: “This week, the Center for Community Change (CCC) released new research that details the way low-income Americans think and talk about living on the edge. It found that the language being used by policymakers and others to describe them is turning off the very people it is supposed to help. The project surveyed over 1,700 …

Subjects: Congress, Economy, Financial System, Poverty

The Web of Wealth: Resiliency and Opportunity or Driver of Inequality?

The Web of Wealth: Resiliency and Opportunity or Driver of Inequality? Hannah Thomas, Tatjana Meschede, Alexis Mann, Janet Boguslaw, and Thomas Shapiro. July 2014. Institute on Assets and Social Policy (Brandeis University) “Families often help each other out financially. A brother lends a few hundred dollars to cover a late household bill. A grandparent puts $1,000 away …

Subjects: Economy, Financial System

OECD releases full version of global standard for automatic exchange of information

“Taking an important step towards greater transparency and putting an end to banking secrecy in tax matters, the OECD today released the full version of a new global standard for the exchange of information between jurisdictions. The Standard provides for annual automatic exchange between governments of financial account information, including balances, interest, dividends, and sales proceeds …

Subjects: Economy, Financial System, Government Documents

The Economic Effects of the President’s 2015 Budget

“Each year, after the President releases his budget request, CBO analyzes the proposals in that request. Using its own economic projections and estimating procedures, CBO projects what the federal budget would look like over the next 10 years if the President’s proposals were adopted. CBO usually provides that information in two reports: The first examines …

Subjects: Congress, Economy, Financial System, Government Documents

McKinsey – China’s digital transformation

“As individual companies adopt web technologies, they gain the ability to streamline everything from product development and supply-chain management to sales, marketing, and customer interactions. For China’s small enterprises, greater digitization provides an opportunity to boost their labor productivity, collaborate in new ways, and expand their reach via e-commerce. In fact, new applications of the Internet …

Subjects: E-Commerce, Economy, Financial System, Government Documents, Internet

International banking statistics at end-March 2014

“The Bank for International Settlements (BIS) today released international banking statistics at end-March 2014. Between end-December 2013 and end-March 2014, the cross-border claims of BIS reporting banks rose by $580 billion. This marked the first substantial quarterly increase since late 2011. The overall increase was broadly spread across countries and sectors. The largest increase in …

Subjects: Economy, Financial System, Government Documents

Government review of the balance of competences between the UK and the EU

Freshfields Bruckhaus Deringer: “Following previous consultation (see Daily news 22 October 2013), the Government has published a report on the balance of competences between the UK and the EU in the field of financial services and the free movement of capital. The report states that evidence received indicates that, whilst the balance of competences is broadly …

Subjects: Economy, Financial System

Wealth in America: Policies to Support Mobility

Wealth in America – Urban Institute – Signe-Mary McKernan, Caleb Quakenbush, Caroline Ratcliffe, C. Eugene Steuerle. July 22, 2014 “What role can policymakers play in helping families rebuild their balance sheets after the Great Recession and in helping young families, families of color, and those with less education who were falling behind even prior to it? This brief, based on a …

Subjects: Economy, Financial System

FSB publishes a report on Reforming Major Interest Rate Benchmarks

News release: “The major interest reference rates (such as LIBOR, EURIBOR, and TIBOR) are widely used in the global financial system as benchmarks for a large volume and broad range of financial products and contracts. The cases of attempted market manipulation and false reporting of global reference rates, together with the post-crisis decline in liquidity …

Subjects: Economy, Financial System, Government Documents

Democratic House Staff Report on Fourth Anniversary of Dodd-Frank Act

Follow up to Report: Dodd-Frank Act Does Not End Too Big to Fail But Perpetuates It as Official Policy – today, the Democrat’s interpretation of the same subject – The Fourth Anniversary of the Dodd-Frank Wall Street Reform and Protection Act of 2010, Democratic Staff Report Prepared for Democratic Members of the House Committee on Financial Services – The Honorable …

Subjects: Congress, Economy, Financial System, Legal Research, Legislation

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