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Global liquidity: where it stands, and why it matters. IMFS Distinguished Lecture by Mr Jaime Caruana, General Manager of the Bank for International Settlements, at the Goethe University, Frankfurt, Germany, 5 March 2014. “These remarks apply the concepts of global liquidity and the financial cycle to analyse developments in the global financial system in the past decade …
Restoring confidence in banks. Keynote address by Mr Stefan Ingves, Chairman of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank, to the 15th Annual Convention of the Global Association of Risk Professionals, New York, 4 March 2014. “The financial crisis, which began seven years ago, was in essence a collapse in confidence. It stress-tested …
Follow up to previous postings on license plate collection programs – see Shawn Musgrave’s article [editor of MuckRock via BetaBoston]: “Today, a legislative committee in Boston is scheduled to hold a hearing on a bill that would ban most uses of license plate readers, including the vehicle repossession business, making exceptions only for law enforcement, toll …
EVOLVED EXPENDABLE LAUNCH VEHICLE: Introducing Competition into National Security Space Launch Acquisitions, GAO-14-259T: Published: Mar 5, 2014. Publicly Released: Mar 5, 2014. FISCAL YEAR 2015 BUDGET REQUEST: U.S. Government Accountability Office, GAO-14-403T: Published: Mar 5, 2014. Publicly Released: Mar 5, 2014. INTERNATIONAL FOOD AID: Prepositioning Speeds Delivery of Emergency Aid, but Additional Monitoring of Time Frames and Costs Is Needed, GAO-14-277: Published: Mar 5, …
Fiscal Year 2015 Budget of the U.S. Government [previous fiscal year budgets are here]. The Budget of the U.S. Government and Appendix are currently available. Analytical Perspectives and Historical Tables will be available the week of March 10th. See also 2015 Budget Complete Coverage: WSJ’s Deep Dive
“These statistics provide vacancy rates, homeownership rates and characteristics of units available for occupancy for the U.S., regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are available both quarterly and annually. Homeownership rates are also tabulated by age of householder for the U.S. and regions and by race/ethnicity of householder …
“EconKids provides teachers, parents, and volunteers with ideas for using children’s literature to introduce economics to children. We review new books from leading publishers and makes selections for “Book of the Month” and “Top Five” categories. Unlike many of the existing websites on economics education, EconKids focuses on younger students in elementary school. Its user-friendly design can help to …
The War on Poverty: 50 Years Later – A House Budget Committee Majority Staff Report, March 3, 2014. “Fifty years ago, President Lyndon Johnson declared war on poverty. Since then, Washington has created dozens of programs and spent trillions of dollars. But few people have stopped to ask, “Are they working?” In “The War on Poverty: 50 …
Foreign Banks: Overview of Dodd-Frank Enhanced Prudential Standards Final Rule, Davis Polk, February 24, 2014 “This visual summary provides an overview of key aspects of the Dodd-Frank enhanced prudential standards (EPS) final rule that applies to foreign banking organizations with ≥ $50 billion in total global consolidated assets (Large FBOs).”
Gaffeo, Edoardo and Molinari, Massimo, Macroprudential Consolidation Policy in Interbank Networks (March 1, 2014). Available at SSRN: http://ssrn.com/abstract=2403080 “Can consolidation policy be made consistent with macro-prudential supervision? In this study, we seek to provide new insights on this key-question using a network approach. We study how the resilience of a banking network evolves as we …
“As part of its economic and budgetary projections, CBO estimates past and future potential output—also called potential gross domestic product (GDP), and defined as the maximum sustainable amount of real (inflation-adjusted) output that the economy can produce. For various reasons, CBO’s projections for potential GDP in a specific year can change over time. This report …
Kacperczyk, Marcin T. and Nosal, Jaromir and Stevens, Luminita, Investor Sophistication and Capital Income Inequality (February 27, 2014). Available at SSRN: http://ssrn.com/abstract=2402462 “What contributes to the growing income inequality across U.S. households? We develop an information-based general equilibrium model that links capital income derived from financial assets to a level of investor sophistication. Our model …
