Category «Financial System»

Paper – Micro-Units and Accessory Dwelling Units

Housing Changing Households: Regulatory Challenges for Micro-Units and Accessory Dwelling Units, John Infranca, Suffolk University Law School; Furman Center for Real Estate and Urban Policy, October 10, 2013. Stanford Law & Policy Review, 2014, Forthcoming “The existing stock of affordable rental housing falls significantly short of the need in many areas of the country. In …

Subjects: Economy, Financial System, Legal Research

Fragmentation and Monetary Policy in the Euro Area

IMF Working Paper No. 13/208A. J. Al-Eyd; Pelin Berkmen, October 04, 2013 “The ECB has taken a range of actions to address bank funding problems, eliminate excessive risk in sovereign markets, and safeguard monetary transmission. But euro area financial markets have remained fragmented, driving retail interest rates in stressed markets far above those in the …

Subjects: Economy, Financial System, Government Documents

Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area

IMF Working Paper No. 13/209 by Dominic Quint; Pau Rabanal. October 14, 2013 “In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find …

Subjects: Economy, Financial System, Government Documents

Workshop on “Fire Sales” as a Driver of Systemic Risk in Tri-Party Repo and Other Secured Funding Markets

Introductory Remarks – William C. Dudley, President and Chief Executive Officer, Federal Reserve Bank of New York Keynote Remarks: The Problem of Fire Sales, Jeremy Stein, Governor, Federal Reserve Board The Role of Institutional Investors in Propagating the Crisis of 2007-2008, Alberto Manconi, Tilburg University; Massimo Massa, INSEAD; Ayako Yasuda, University of California at Davis …

Subjects: Economy, Financial System, Government Documents

Testimony on “Toward a Financially Viable Postal Service”

September 26, 2013, Testimony by Dean Baker [Center for Economic and Policy Research] before the U.S. Senate Committee on Homeland Security & Governmental Affairs: “For the last four decades the Postal Service has been operating with a mandate under which it was expected to compete with private companies. The expectation has been that the Postal Service would …

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

Report – The Sequester: From Merely Stupid to Dangerous

“The current across-the-board cuts in federal spending have already damaged both national security and the economy, with the negative impact likely to double or triple in the next two years, according to a study released today by the Bipartisan Policy Center (BPC). The analysis was co-chaired by former Senators Pete Domenici, a BPC senior fellow, …

Subjects: Congress, Economy, Financial System, Government Documents, Legislation

Switzerland to vote on plan giving every adult in the country a $2,800 check every month

Rather than savage cuts, Switzerland considers “Star Trek” economics, by Josh Eidelson. “By gathering over 100,000 signatures – which they delivered last Friday along with 8 million 5-cent coins representing the country’s population – activists have secured a vote by Switzerland’s parliament on an audacious proposal: providing a basic monthly income of about $2,800 U.S. dollars to each adult …

Subjects: Economy, Financial System, Government Documents, Legislation

MarketWatch – Obama spending binge never happened

By Rex Nutting – MarketWatch:  “Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree. Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true. …

Subjects: Congress, Economy, Financial System, Government Documents

Credit Risk in the Shared National Credit Portfolio Unchanged

News release – Federal Reserve Board: “The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks was relatively unchanged in 2013 from the prior year, federal banking agencies said Thursday.  The volume of criticized assets remained elevated at $302 billion, or 10 percent of total commitments, which …

Subjects: Economy, Financial System, Government Documents

Repression and criminalization of protest around the world

“Take back the streets” Repression and criminalization of protest around the world, October 2013 “The nine organizations (which cooperate as the International Network of Civil Liberties Organizations (INCLO)) that have contributed to this publication work to defend basic democratic rights and freedoms in nine countries spread over four continents. Across the regions where our organizations …

Subjects: Civil Liberties, Economy, Education, Financial System, Free Speech, Government Documents, Legislation