Category «Financial System»

New GAO Reports – Regulators’ Foreclosure Review, DHS Acquisitions, Weapons Systems Management

FORECLOSURE REVIEW: Regulators Could Strengthen Oversight and Improve Transparency of the Process, GAO-14-376: Published: Apr 29, 2014. Publicly Released: Apr 29, 2014: “Rather than defining specific objectives for the $6 billion in foreclosure prevention actions regulators negotiated with servicers, regulators identified broad principles, including that actions be meaningful and that borrowers be kept in their homes. To inform …

Subjects: Defense, Economy, Financial System, Government Documents

The Federal Reserve’s Discount Window and TAF Programs

Berger, Allen N. and Black, Lamont K and Bouwman, Christa H. S. and Dlugosz, Jennifer, The Federal Reserve’s Discount Window and TAF Programs: ‘Pushing on a String?’ (April 25, 2014). Available at SSRN: http://ssrn.com/abstract=2429710 “The Federal Reserve injected unprecedented liquidity into banks during the crisis using the discount window and Term Auction Facility. We examine these …

Subjects: Economy, Financial System, Government Documents

Redefining Strategy in the Age of Sustainability and Social Responsibility

Ioannou, Ioannis, Redefining Strategy in the Age of Sustainability and Social Responsibility (April 27, 2014). Available at SSRN: http://ssrn.com/abstract=2429870 “I examine how strategy is defined in the literature and find that most conceptualizations predominantly focus on financial metrics as measures of performance and mainly provide guidance on the strategic management of a corporation’s economic context. I …

Subjects: Economy, Environmental Law, Financial System

Playing the Shadowy World of Emerging Market Shadow Banking

Michael, Bryane, Playing the Shadowy World of Emerging Market Shadow Banking (April 25, 2014). Available at SSRN: http://ssrn.com/abstract=2429583 “For emerging market regulators, shadow banking represents an activity which they must control. For businessmen in economies like Russia, Argentina, Saudi Arabia and Mexico, shadow banking represents an important business opportunity. By extending credit to risky (but promising) …

Subjects: Economy, Financial System

Executive Orders: Issuance, Modification, and Revocation

CRS – Executive Orders: Issuance, Modification, and Revocation – Vivian S. Chu, Legislative Attorney; Todd Garvey, Legislative Attorney. April 16, 2014. “Executive orders, presidential memoranda, and proclamations are used extensively by Presidents to achieve policy goals, set uniform standards for managing the executive branch, or outline a policy view intended to influence the behavior of private citizens. The U.S. Constitution …

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

Real Personal Income for States and Metropolitan Areas, 2008-2012

“Today, the U.S. Bureau of Economic Analysis released real, price-adjusted estimates of personal income for states and metropolitan areas for 2008-2012. The price-adjustments are based on regional price parities (RPPs) and on BEA’s national Personal Consumption Expenditure (PCE) price index. The RPPs measure geographic differences in the price levels of consumption goods and services relative to the national …

Subjects: Economy, Financial System, Government Documents

International banking statistics at end-December 2013

“The Bank for International Settlements (BIS) today released international banking statistics at end-December 2013. The cross-border claims of BIS reporting banks contracted by $93 billion (0.3%) between end-September and end-December 2013. Claims on banking offices as well as non-bank entities fell. While this was the seventh consecutive quarterly reduction in cross-border claims, the pace of …

Subjects: Economy, Financial System, Government Documents

CFPB – Mortgage closings today

A preliminary look at the role of technology in improving the closing process for consumers, April 2014 “The mortgage closing process is complex and often onerous for all involved. For most consumers, closing a mortgage signifies the most substantial financial transaction they will complete in their lifetimes. However, the process can be time-consuming and confusing. Consumers face a daunting …

Subjects: Economy, Financial System, Housing

Existing-Home Sales Remain Soft in March

News release: “Existing-home sales were essentially flat in March, while the growth in home prices moderated, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were offset by declines in the West and South. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 0.2 percent to a …

Subjects: Economy, Financial System, Housing

Unemployment in the EU28 regions in 2013

“Regional unemployment rates varied widely across the 272 NUTS 2 regions of the EU28 in 2013, with the lowest rates recorded in the regions of Oberbayern in Germany (2.6%), Freiburg in Germany and Salzburg in Austria (both 2.9%), Tübingen in Germany and Tirol in Austria (both 3.0%), while the highest rates were registered in five Spanish regions: Andalucía (36.3%), Ceuta (35.6%), Melilla (34.4%), Canarias (34.1%) and Extremadura (33.7%). Among the regions, 49 had an unemployment rate of …

Subjects: Economy, Financial System, Government Documents

McKinsey – Global flows in a digital age

“Global flows have been a common thread in economic growth for centuries, since the days of the Silk Road, through the mercantilist and colonial periods and the Industrial Revolution. But today, the movement of goods, services, finance, and people has reached previously unimagined levels. Global flows are creating new degrees of connectedness among economies—and playing an …

Subjects: Economy, Financial System

How CEO-to-Worker Pay Disparity Undermines the Industry and the Overall Economy

Dēmos – Fast Food Failure. How CEO-to-Worker Pay Disparity Undermines the Industry and the Overall Economy, by Catherine Ruetschlin. “In 2012, the CEO-to worker compensation ratio in fast food topped 1,200-to-1; recently released proxy disclosures reveal that the ratio remained above 1,000-to-1 in 2013.”

Subjects: Economy, Financial System

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