Category «Financial System»

New York Fed Study Examines Economic Strain in Euro Area Periphery

Matthew Higgins and  Thomas Klitgaard: “Countries in the euro area periphery borrowed heavily from abroad in the years leading up to the sovereign debt crisis, largely to finance increased consumption and housing investment. When the crisis hit in 2010, capital flight by private investors forced these countries to bring domestic spending back into line with domestic incomes—the same adjustment …

Subjects: Economy, Financial System, Government Documents

BLS Monthly Labor Review, February 2014

Millennials and the pay gap 03/05/2014 Determining the employment effect of raising the minimum wage 02/05/2014 Is the inheritance boom changing the distribution of wealth in the United States? 02/05/2014 Are daughters’ labor force decisions influenced by their mothers’ employment history? 01/07/2014 Foreign aid: history, theories, and facts 01/07/2014

Subjects: Defense, E-Government, Economy, Education, Financial System, Government Documents

Junk Justice: A Statistical Analysis of 4,400 Lawsuits Filed by Debt Buyers

Holland, Peter A., Junk Justice: A Statistical Analysis of 4,400 Lawsuits Filed by Debt Buyers (2014). Loyola Consumer Law Review, Vol. 26, No. 1, 2014. p. 179; U of Maryland Legal Studies Research Paper No. 2014-13. Available at SSRN: http://ssrn.com/abstract=2406289 “Debt buyers have flooded courts nationwide with collection lawsuits against consumers. This article reports the …

Subjects: Economy, Financial System, Legal Research

Federal, State and Local Government Employment Down from Previous Year to 22 Million Jobs in 2012

“There were 22.0 million total federal, state and local government employees in the U.S. in March 2012 (including part-time employees), down 115,733 or 0.5 percent from March 2011, according to a report released today by the U.S. Census Bureau. The number of federal government employees declined 2.2 percent from 2011 to 2.8 million in 2012, …

Subjects: Economy, Financial System, Government Documents

BIS Quarterly Review, March 2014

March 2014 Quarterly Review: Emerging economies respond to market pressure  “The recent performance of emerging market currencies has reflected the success of central banks in defending exchange rates as well as the political uncertainty in a number of countries. External imbalances, inflation and domestic credit growth have played a much smaller role than during the …

Subjects: Economy, Financial System, Government Documents

Politics and Culture in an Age of Austerity

Etzioni, Amitai, Politics and Culture in an Age of Austerity (March 5, 2014). International Journal of Politics, Culture, and Society, February 2014. Available at SSRN: http://ssrn.com/abstract=2405098 “The Great Recession forced many people around to cut back on consumption and is one reason that drives the rise of right-wing forces. One response to the downturn has …

Subjects: Congress, Economy, Financial System, Knowledge Management, Legal Research

PIABA Warning: FINRA Withholds Critical “Red Flag” Information in Broker Background Check Disclosures to Investors

‘Investors who rely on the BrokerCheck disclosure system maintained by the Financial Industry Regulatory Authority (FINRA) to check out the background of their current or potential stockbrokers are not getting access to crucial information about financial professionals even though such information is available from many state securities agencies operating under robust public record laws, according to a new analysis …

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

Agencies Issue Final Dodd-Frank Act Stress Test Guidance for Medium-Sized Firms

“Three federal bank regulatory agencies are issuing final guidance describing supervisory expectations for stress tests conducted by financial companies with total consolidated assets between $10 billion and $50 billion. These medium-sized companies are required to conduct annual, company-run stress tests under rules issued by the agencies in October 2012 to implement a provision in the Dodd-Frank …

Subjects: Economy, Financial System, Government Documents, Legislation

The American Freshman: National Norms Fall 2013

Eagan, K., Lozano, J. B., Hurtado, S., & Case, M. H. (2013). The American freshman: National norms. Fall 2013. Los Angeles: Higher Education Research Institute, UCLA. “Financial considerations are exerting an ever-greater influence on incoming freshman in the U.S., with college costs and financial aid playing an increasingly decisive role in their school-selection process, according …

Subjects: Economy, Education, Financial System

Results of the Basel III monitoring exercise as of 30 June 2013

“This report presents the results of the Basel Committee’s Basel III monitoring exercise. The study is based on the rigorous reporting processes set up by the Committee to periodically review the implications of the Basel III standards for financial markets. The results of previous exercises in this series were published in September 2013, March 2013, September 2012 and April 2012. A total of 227 …

Subjects: Economy, Financial System, Government Documents

Federal Reserve Board Beige Book – March 5, 2014

Summary of Commentary on Current Economic Conditions by Federal Reserve District “Reports from most of the twelve Federal Reserve Districts indicated that economic conditions continued to expand from January to early February. Eight Districts reported improved levels of activity, but in most cases the increases were characterized as modest to moderate. New York and Philadelphia …

Subjects: Economy, Financial System, Government Documents