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News release: “Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $42.2 billion in the second quarter of 2013, a $7.8 billion (22.6 percent) increase from the $34.4 billion in profits that the industry reported a year earlier. This is the 16th consecutive quarter that earnings …
“Higher Education (HE) is recognised as a key economic sector in the UK, having an impact on economic growth and competitiveness. However, producing estimates of the impact of HE on growth and competitiveness is a major challenge. In most countries, there is a dilemma about the amount of public resources that should be devoted to …
“Full, timely and consistent implementation of Basel III remains fundamental to building a resilient financial system, maintaining public confidence in regulatory ratios and providing a level playing field for internationally active banks. This report updates G20 Leaders on progress in adopting the Basel III regulatory reforms since the Basel Committee on Banking Supervision issued its …
“Six federal agencies on Wednesday issued a notice revising a proposed rule requiring sponsors of securitization transactions to retain risk in those transactions. The new proposal revises a proposed rule the agencies issued in 2011 to implement the risk retention requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). This proposal …
“This 20th anniversary Executive Excess report examines the “performance” of the 241 corporate chief executives who have ranked among America’s 25 highest-paid CEOs in one or more of the past 20 years. The lavishly compensated CEOs we spotlight here should be exemplars of value-added performance. After all, sky-high CEO pay purportedly reflects the superior value that elite chief executives …
Metropolitan Area Employment and Unemployment Summary, July 2013: “Unemployment rates were lower in July than a year earlier in 320 of the 372 metropolitan areas, higher in 38 areas, and unchanged in 14 areas, the U.S. Bureau of Labor Statistics reported today. Forty-one areas had jobless rates of at least 10.0 percent, and 34 areas …
“The Little Data Book on Private Sector Development 2013 is a pocket-sized book providing data for more than 40 key indicators on business environment and private sector development in a single page for each of the World Bank member countries and other economies with populations of more than 30,000.” Include the following areas: Economic and …
World Bank Policy Research Working Paper by Vladimir Hlasny and Paolo Verme: “By all accounts, income inequality in Egypt is low and had been declining during the decade that preceded the 2011 revolution. As the Egyptian revolution was partly motivated by claims of social injustice and inequalities, this seems at odds with a low level …
“The FSB published on 27 August the report on the peer review of the United States. This forms part of a regular programme of peer reviews of FSB jurisdictions that began in 2010. The report examines the progress made in the US on three topics that are important for financial stability and relevant for the broader …
Financing Natural Catastrophe Exposure: Issues and Options for Improving Risk Transfer Markets, Rawle O. King, Specialist in Financial Economics and Risk Assessment. August 15, 2013 “The federal government has an established institutional framework for disaster preparedness, reduction, prevention, and response—mainly disaster assistance. However, concerns have been expressed about the nation’s increasing exposure and vulnerability to …
CRS – Changing the Federal Reserve’s Mandate: An Economic Analysis. Marc Labonte, Specialist in Macroeconomic Policy. August 12, 2013 “The Federal Reserve’s (Fed’s) current statutory mandate calls for it to “promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” Some economists have argued that this mandate should be replaced with …
Katrina Stierholz – Federal Reserve Bank of St. Louis: “In the last few months, many new data series have been added to FRED. The OECD’s Main Economic Indicators are now on FRED, the latest Penn World Tables, more retail trade data. FRED now has 148,000 series from 59 sources and allows users to easily download …
