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David Hou, David Skeie – Staff Report No. 667 – March 2014 “The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans. LIBOR’s …
Botta, Alberto, Structural Asymmetries at the Roots of the Eurozone Crisis: What’s New for Industrial Policy in the EU? (March 31, 2014). Levy Economics Institute, Working Papers Series No. 794. Available at SSRN: http://ssrn.com/abstract=2418530 “In this paper, we analyze and try to measure productive and technological asymmetries between central and peripheral economies in the eurozone. …
Via the Urban Institute: Brett Theodos, Emma Kalish, Signe-Mary McKernan, Caroline Ratcliffe: “Using the National Financial Capability Survey, we examine differences among men and women in financial knowledge, behavior, and well-being. We find that women are less financially knowledgeable than men. Women are less willing than men to take financial risks and have more credit cards than men. However, …
April 2014 | by David Frankel, Kenneth Ostrowski, and Dickon Pinner: “The economics of solar power are improving. It is a far more cost-competitive power source today than it was in the mid-2000s, when installations and manufacturing were taking off, subsidies were generous, and investors were piling in. Consumption continued rising even as the MAC Global Solar Energy …
“The property price statistics bring together data from different countries. The BIS, with the assistance of its member central banks, 1 has obtained approval of various national data providers to disseminate the statistics as long as the original national sources are clearly indicated. The sources and any relevant disclaimers are listed separately (sources of data). Copyright in these data must …
March 31, 2014: “The recent financial crisis not only revealed weaknesses in risk management, control and governance processes at banks, but also highlighted the need to improve the quality of external audits of banks. Given the central role banks play in contributing to financial stability, and therefore the need for market confidence in the quality …
March 31, 2014: “The Basel Committee’s final standard on The standardised approach for measuring counterparty credit risk exposures includes a comprehensive, non-modelled approach for measuring counterparty credit risk associated with OTC derivatives, exchange-traded derivatives, and long settlement transactions. The new standardised approach (SA-CCR) replaces both the Current Exposure Method (CEM) and the Standardised Method (SM) in the …
Speech by Mr Peter Zöllner, Head of the BIS Banking Department, to the 53rd ACI Financial Markets World Congress 2014, Berlin, 29 March 2014. “FX turnover reached an all-time high of $5.3 trillion per day in April 2013, up by 35% relative to 2010. This was faster than the 20% rise from 2007 to 2010, but …
Basker, Emek and Miranda, Javier, Taken by Storm: Business Survival in the Aftermath of Hurricane Katrina (March 30, 2014). Available at SSRN: http://ssrn.com/abstract=2417911 “We use Hurricane Katrina’s damage to the Mississippi coast in 2005 as a natural experiment to study business survival in the aftermath of a cost shock. We find that damaged establishments that …
Federal Employees’ Retirement System: Budget and Trust Fund Issues, Katelin P. Isaacs, Analyst in Income Security, March 24, 2014 “Most of the civilian federal workforce is covered by one of two retirement systems: (1) the Civil Service Retirement System (CSRS) for individuals hired before 1984 or (2) the Federal Employees’ Retirement System (FERS) for individuals hired in 1984 or …
The Future of Employment: How Susceptible Are Jobs to Computerisation? Carl Benedikt Frey and Michael A. Osborne, September 17, 2013 “Nearly half of US jobs could be susceptible to computerisation over the next two decades, a study from the Oxford Martin Programme on the Impacts of Future Technology suggests. The study, a collaboration between Dr Carl Benedikt Frey (Oxford Martin School) and Dr Michael …
The European Foundation for the Improvement of Living and Working Conditions (Eurofound) is a tripartite European Union Agency, whose role is to provide knowledge in the area of social and work-related policies. “The economic crisis has reshaped the lives of millions of European citizens. But how has it affected families with children? Children are more …
