“The rules governing the eligibility of collateral and its terms of use are an integral part of how central banks provide liquidity to the financial system. Central banks’ collateral frameworks and practices evolve over time with changing operational needs and financial market developments. But the experience gained from the various episodes of market stress that have occurred since mid-2007 provides additional motivation for central banks to review and update their collateral policies. This report examines how collateral frameworks compared across central banks as of mid-2012 and the key changes they had undergone since mid-2007. It also documents how the amount and composition of collateral pledged by counterparties to central banks evolved over the same five-year period. This report was prepared by a study group chaired by Guy Debelle, Assistant Governor of the Reserve Bank of Australia.”
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Daily Archives: March 24, 2013
New on LLRX – Poems by Brooke Grasberger
Via LLRX – from Constant Currents: Poems by Brooke Grasberger – two new poems. Read and enjoy all Brooke’s poems via one link. Continue Reading
Indexing Linked Bibliographic Data for sharing bibliographic metadata
Thomas Johnson, Indexing Linked Bibliographic Data with JSON-LD, BibJSON and Elasticsearch: “Linked Data is a powerful tool for sharing bibliographic metadata. By combining the decentralization of the web with the use of globally defined metadata vocabularies, data from many sources can be treated as a single, aggregated graph. Supporting search across these distributed data sources… Continue Reading
WSJ – New research shows that we have grossly underestimated both the scope and the scale of animal intelligence
Frans De Waal: “How do you give a chimpor an elephant or an octopus or a horsean IQ test? It may sound like the setup to a joke, but it is actually one of the thorniest questions facing science today. Over the past decade, researchers on animal cognition have come up with some ingenious solutions… Continue Reading
2012 Report of the U.S. Government for Voluntary Principles on Security and Human Rights Initiative
News release: “Over the last 13 years, governments, major multinational corporations, and non-governmental organizations have worked together in the Voluntary Principles on Security and Human Rights Initiative, in an effort to make sure that when companies extract resources in some of the most difficult places on earth, they take tangible steps to minimize the risk… Continue Reading
OECD releases first comprehensive guidelines on measuring subjective well-being
“Newly released Guidelines on Measuring Subjective Well-being establish the first comprehensive framework for internationally comparable and intellectually robust data on this topic. These Guidelines provide advice on the collection and use of measures of subjective well-being, and will allow statisticians and researchers to better measure how individuals evaluate and experience their lives. The Guidelines, developed… Continue Reading
The Dispositif of Risk Management: Reconstructing Risk Management after the Financial Crisis
Huber, Christian and Scheytt, Tobias, The Dispositif of Risk Management: Reconstructing Risk Management after the Financial Crisis (March 23, 2013). Management Accounting Research, Forthcoming. Available at SSRN “Despite its dubious role during the global financial crisis of 2008, risk management has continued its expansion. This paper addresses the question why risk management, in the face… Continue Reading
Brookings Report – What Americans Want From Immigration Reform
Citizens, Values and Cultural Concerns: What Americans Want from Immigration Reform, “authored by PRRI CEO Robert P. Jones, PRRI Research Director Daniel Cox, and PRRI Research Associate Juhem Navarro-Rivera, along with Brookings Senior Fellows E.J. Dionne, Jr. and William Galston, explores general sentiment toward immigrant communities, opinions on the impact that immigrants have on American… Continue Reading
UK – House of Lords revised open access policy and guidance
News release: “The House of Lords Science and Technology Committee has written to Research Councils UK welcoming the publication of its revised open access policy but calling for three further changes to the policy to ensure that there is absolute clarity. Letter from the Chairman Lord Krebs to RCUK, 20 March 2013 The Committees letter… Continue Reading
Paper – Ham Sandwich Nation: Due Process When Everything is a Crime
Ham Sandwich Nation: Due Process When Everything is a Crime, Glenn Harlan Reynolds, University of Tennessee College of Law. January 20, 2013, via SSRN “Though extensive due process protections apply to the investigation of crimes, and to criminal trials, perhaps the most important part of the criminal process — the decision whether to charge a… Continue Reading
The Wealth Report 2013: Examining High Net Worth Individuals from around the world
Worlds wealthy set to grow by 50% in the next decade: “London and New York remain the top destinations for the worlds ultra-high net worth individuals to live and invest in but Asian cities are fast catching up, says Knight Franks seventh annual Wealth Report. Key Findings: The global number of High-Net-Worth Individuals (HNWIs is… Continue Reading
UK – Her Majesty's Treasury – Budget 2013 documents
“Budget 2013 – The Governments objective is to equip the UK to succeed in the global race, build a stronger economy and a fairer society and to support aspiration. This Budget will help those who aspire to work hard and get on, care for their families, buy a home, start or grow a business and… Continue Reading
