Category «Financial System»

Market Tantrums and Monetary Policy – Preliminary Draft

Market Tantrums and Monetary Policy, Michael Feroli, Anil K Kashyap, Kermit Schoenholtz, and Hyun Song Shin, February 2014 Conference Draft – released February 28, 2014. “The Initiative on Global Markets conference began with this year’s report “Market Tantrums and Monetary Policy,” written by Michael Feroli (JP Morgan Chase), Anil Kashyap (Chicago Booth), Kim Schoenholtz (NYU) and Hyun Song Shin (Princeton).”

Subjects: Economy, Financial System

Economic Crisis and Share Price Unpredictability: Reasons and Implications

Fox, Edward G. and Fox, Merritt B. and Gilson, Ronald J., Economic Crisis and Share Price Unpredictability: Reasons and Implications (February 19, 2014). Columbia Law and Economics Working Paper No. 468; Stanford Law and Economics Olin Working Paper Forthcoming; ECGI – Law Working Paper Forthcoming. Available at SSRN: http://ssrn.com/abstract=2401712 “During the recent financial crisis, there …

Subjects: Economy, Financial System, Legal Research

Offshore Tax Evasion: The Effort To Collect Unpaid Taxes On Billions In Hidden Offshore Accounts

Report by the Permanent Subcommittee on Investigations (PSI) of the United States Senate, Majority and Minority Staff, February 26, 2014: Offshore Tax Evasion: The Effort To Collect Unpaid Taxes On Billions In Hidden Offshore Accounts. “…On the negative side of the ledger, despite evidence of widespread misconduct by Swiss banks in facilitating U.S. tax evasion, Switzerland has …

Subjects: Congress, Economy, Financial System, Government Documents

How States Are Reclaiming Revenue Lost to Offshore Tax Havens

U.S. PIRG – Closing the Billion Dollar Loophole – How States Are Reclaiming Revenue Lost to Offshore Tax Havens: “Every year, corporations use complicated gimmicks to shift U.S. earnings to subsidiaries in offshore tax havens – countries with minimal or no taxes – in order to reduce their state and federal income tax liability by billions of dollars. …

Subjects: Economy, Financial System, Freedom of Information, Government Documents, Knowledge Management

New GAO Reports – Managing Defense IT, Military Health System, Retirement Security

INFORMATION TECHNOLOGY: Leveraging Best Practices and Reform Initiatives Can Help Defense Manage Major Investments, GAO-14-400T: Published: Feb 26, 2014. Publicly Released: Feb 26, 2014: “The federal government reportedly plans to spend at least $82 billion on IT in fiscal year 2014. Of that, Defense plans to spend over $39 billion—$5.5 billion on classified systems, $9 billion on acquisitions, …

Subjects: Defense, E-Government, Economy, Financial System, Health Care, Internet, Knowledge Management

New York Fed – 2014 Small Business Credit Survey

“As part of its engagement with the business community, the New York Fed’s Outreach Team surveys small firms twice a year about their financing and credit needs. Responses to the Small Business Credit  Survey provide insight into the dynamics behind aggregate lending trends. The survey probes firms’  credit application decisions, strategies for obtaining credit or …

Subjects: Economy, Financial System, Government Documents

Federal Reserve Board announces release dates for the latest supervisory stress tests results

“The Federal Reserve Board on Tuesday announced that results from the latest supervisory stress tests conducted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be released on Thursday, March 20, and the related results from the Comprehensive Capital Analysis and Review, or CCAR, will be released on Wednesday, March 26. …

Subjects: Economy, Financial System, Government Documents, Legislation

Speech – Global Financial Stability – the Road Ahead

William C. Dudley, President and Chief Executive Officer, Remarks at the Tenth Asia-Pacific High Level Meeting on Banking Supervision, Auckland, New Zealand. “Today, I am going to talk about the challenges that face us in ensuring stability in the global financial system.  While we have made considerable progress in strengthening the financial system—for example, large global …

Subjects: Economy, Financial System, Government Documents

Census Bureau Updates API with Economic Indicators

“The U.S. Census Bureau updated its application programming interface today with monthly and quarterly economic indicators. The API allows more access and easier customization of data products. Developers could use the statistics available through the API to create a variety of apps and tools, such as ones that allow homebuyers to find the latest new residential construction statistics. …

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

New GAO Report on Credit Card Marketing to Students

CREDIT CARDS: Marketing to College Students Appears to Have Declined, GAO-14-225: Published: Feb 25, 2014. Publicly Released: Feb 25, 2014. “Trends associated with college affinity card agreements include fewer agreements and cardholders and declining payments, according to data GAO analyzed from the Board of Governors of the Federal Reserve System (Federal Reserve) and the Bureau of Consumer …

Subjects: Economy, Education, Financial System, Government Documents

Federal Reserve Board to begin publishing semi-annual report with aggregate data

“The Federal Reserve Board on Monday announced that it will soon begin publishing a semi-annual report with aggregate data and other information regarding banking applications. The report will be released in the second half of 2014 and include statistics on the length of time taken to process applications and notices, the number of approvals, denials, and …

Subjects: Economy, Financial System, Legal Research