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Leclercq, Emmanuel and Praz, Remy, Equilibrium Commodity Trading (July 10, 2014). Available for download at SSRN: http://ssrn.com/abstract=2464400 “We develop an equilibrium model of commodity spot and futures markets in which commodity production, consumption, and speculation are endogenously determined. Speculators facilitate hedging by the commodity suppliers. The entry of new speculators thus increases the supply of the …
“EAST [European ATM Security Team] has just published its second European Fraud Update for 2014. This is based on country crime updates given by representatives of 19 countries in the Single Euro Payments Area (SEPA), and 3 non-SEPA countries, at the 33rd EAST meeting held at the European Cybercrime Centre (EC3) at Europol in The …
“The Work Plan presents the audits and evaluations that the Office of Inspector General (OIG) is conducting to assist the Board of Governors of the Federal Reserve System (Board) and the Consumer Financial Protection Bureau (CFPB) in fulfilling their respective missions. Our statutory mandates are our highest priority, and with our remaining resources, we focus …
“The percentage of young first-time mothers who are married is dropping, according to Fertility of Women in the United States: 2012, a report released today by the U.S. Census Bureau. In the early 1990s, at least half of all first births to mothers younger than age 23 occurred in marriage. Since 2005, more young mothers were cohabiting …
BUREAU OF ALCOHOL, TOBACCO, FIREARMS AND EXPLOSIVES: Enhancing Data Collection Could Improve Management of Investigations, GAO-14-553: Published: Jun 30, 2014. Publicly Released: Jul 9, 2014. EXPORT-IMPORT BANK: Information on Export Credit Agency Financing Support for Wide-Body Jets, GAO-14-642R: Published: Jul 8, 2014. Publicly Released: Jul 9, 2014. HUMAN CAPITAL: DOD Should Fully Develop Its Civilian Strategic Workforce Plan to Aid Decision Makers, GAO-14-565: Published: …
Adam Copeland, Isaac Davis, Eric LeSueur, and Antoine Martin: “The repurchase agreement (repo), a contract that closely resembles a collateralized loan, is widely used by financial institutions to lend to each other. The repo market is divided into trades that settle on the books of the two large clearing banks (that is, tri-party repo) and trades …
“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 17-18, 2014. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes. The minutes for each …
“PISA’s first financial literacy assessment shows the extent to which 15-year-old students have the financial knowledge and skills needed for the demands of today’s world. Finance is part of everyday life for many 15-year-olds, who are already consumers of financial services, such as bank accounts. As they near the end of compulsory education, students will …
IRS CORRESPONDENCE AUDITS: Better Management Could Improve Tax Compliance and Reduce Taxpayer Burden, GAO-14-479: Published: Jun 5, 2014. Publicly Released: Jul 7, 2014. PENSION ADVANCE TRANSACTIONS: Questionable Business Practices Identified, GAO-14-420: Published: Jun 4, 2014. Publicly Released: Jul 7, 2014 PRIVATE PENSIONS: Targeted Revisions Could Improve Usefulness of Form 5500 Information, GAO-14-441: Published: Jun 5, 2014. Publicly Released: Jul 7, 2014. MANAGEMENT REPORT: Improvements …
WSJ.com, Erin McCarthy – ‘The U.S. needs to focus on improving well-being more broadly for its citizens, particularly as long working hours and stark income inequality are hindering quality of life, the Organization for Economic Co-operation and Development said in its recent economic survey of the U.S. [OECD Economic Surveys: United States 2014]. It highlighted a notable divide …
American Banker, Richard Samson – [Editor’s note: This article is based in part on SUPERMONEY: The New Wealth Beyond Banks and Bitcoin, which appears on Samson’s Futurist blog published by the World Future Society.] While Bitcoin grabs headlines, a little-noted rival promises to supercharge all currencies old and new, fiat and cyber. An open-source programming system …
Fitch news release: “Fitch Ratings-Beijing/Singapore-03 July 2014: The 30 June decision by the China Banking Regulatory Commission (CBRC) to amend the calculation of bank loan/deposit ratios (LDRs) is part of an ongoing targeted easing of liquidity conditions. Spurring growth of lending to small/micro enterprises (MSEs) has the potential to hurt bank credit profiles over the …
