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Aaron E. Cobet: “In late 2007, the United States fell into a “Great Recession.” According to the National Bureau of Economic Research the recession officially ended in June 2009, but it took several more years for average household income and expenditures to exceed their 2008 levels in nominal terms. The recession lowered household income and consumer expenditures …
Ramirez, Steven A., The Virtues of Private Securities Litigation: An Historic and Macroeconomic Perspective (April 18, 2014). Loyola University Chicago Law Journal, Vol. 45, No. 3, 2014. Available at SSRN: http://ssrn.com/abstract=2426661 “In the wake of the Great Depression, the federal securities laws operated to mandate disclosure of material facts to investors and extend broad private remedies …
“The Basel Committee on Banking Supervision today issued frequently asked questions (FAQs) on Basel III’s liquidity coverage ratio (LCR). To promote consistent global implementation of those requirements, the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the rules text and interpretative guidance that may be necessary. The Committee …
Donald Kohn, Brookings – Institutions for Macroprudential Regulation: The UK and the U.S. – “The U.S. and the world economy still haven’t fully recovered from the global financial crisis that provoked the worst recession since the Great Depression. Nonetheless, a lot of effort already has gone into reducing the risk that we put the world through something …
Allen, Kyle D. and Griffiths, Mark D. and Hein, Scott E. and Winters, Drew B., Why Is the Effective Fed Funds Rate So Low? (April 16, 2014). Available at SSRN: http://ssrn.com/abstract=2425913 “Since December 18, 2008 when the Federal Reserve began paying 25 basis points (bps) on depository institution’s reserves, the effective federal funds rate has stayed …
Graham, John R. and Leary, Mark T. and Roberts, Michael R., How Does Government Borrowing Affect Corporate Financing and Investment? (April 16, 2014). Available at SSRN: http://ssrn.com/abstract=2425916 “Using a novel dataset of accounting and market information that spans most publicly traded nonfinancial firms over the last century, we find an economically large and robust negative relation …
National Women’s Law Center: “Families depend on women’s wages more than ever, but the typical woman working full time, year round is paid less than the typical full-time, year-round male worker. These disparities exist in every state. However, as indicated in the map below, the size of the disparity varies by state. Additionally, women represent nearly …
“This Data Point uses data from four administrations of the National Postsecondary Student Aid Study (NPSAS:2000, NPSAS:04, NPSAS:08, and NPSAS:12) to briefly present trends in out-of-pocket net price for college, the amount that students and their families must pay to attend college after subtracting grants, loans, work-study, and all other student aid from the total …
INFORMATION SECURITY: SEC Needs to Improve Controls over Financial Systems and Data, GAO-14-419: Published: Apr 17, 2014. Publicly Released: Apr 17, 2014: “Although the Securities and Exchange Commission (SEC) had implemented and made progress in strengthening information security controls, weaknesses limited their effectiveness in protecting the confidentiality, integrity, and availability of a key financial system. For this system’s …
“This report by CBO presents an analysis of the proposals in the President’s budget request for fiscal year 2015, as submitted to the Congress on March 4, 2014. The analysis is based on CBO’s economic projections and estimating models (rather than the Administration’s), and it incorporates estimates of the effects of the President’s tax proposals …
Omondi, Ojwang George, ETFs Growth Prospects: A Review of Global Trading in Year 2013 (April 17, 2014). Available at SSRN: http://ssrn.com/abstract=2426116 “Investment is a multidisciplinary function that should not be left to investment consultants and private bankers without the investor taking a leading part in its course. The capital markets are for the better part channels …
Summary of Commentary on Current Economic Conditions by Federal Reserve District – Prepared at the Federal Reserve Bank of Richmond and based on information collected before April 7, 2014. This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials. “Reports …
