“The Federal Reserve Bank of New York [on February 7, 2014] released a series of research reports on “funding models,” or arrangements for financial intermediation. The three-part Economic Policy Review series aims to provide a comprehensive overview of the structure and stability of different funding models, as well as an in-depth examination of factors affecting the fragility… Continue Reading
Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002
Monthly Archives: February 2014
Report – The SEC and Climate Change Reporting
“The U.S. Securities and Exchange Commission (SEC) has not adequately addressed the climate disclosure deficiencies of publicly traded corporations, despite four-year-old formal guidance requiring companies to disclose material climate change risks, according to a report published by Ceres today. The report, Cool Response: The SEC and Climate Change Reporting, is based on a survey of more than… Continue Reading
The Future of the U.S. Intercontinental Ballistic Missile Force
RAND – “In the lead-up to the Air Force Ground Based Strategic Deterrent Analysis of Alternatives, RAND was asked to examine and assess possible intercontinental ballistic missile (ICBM) alternatives against the current Minuteman III system and to provide insights into the potential impact of further force reductions. The researchers developed a framework consisting of five categories — basing, propulsion, boost,… Continue Reading
A Case Study in Managerial and Regulatory Failures
Wilmarth, Arthur E., Citigroup: A Case Study in Managerial and Regulatory Failures (2013). Indiana Law Review, Vol. 47, 2013, Forthcoming; GWU Legal Studies Research Paper No. 2013-139; GWU Law School Public Law Research Paper No. 2013-139. Available at SSRN: http://ssrn.com/abstract=2370131 “Citigroup has served as the poster child for the elusive promises and manifold pitfalls of… Continue Reading
Financial Networks as Directed Cyclic Graphs
Alexander Denev – Royal Bank of Scotland (RBS). Financial Networks as Directed Cyclic Graphs (February 8, 2014). Available at SSRN: http://ssrn.com/abstract=2392756 “Financial networks’ study and understanding has become extremely important since the global financial meltdown in 2007 – 2009 when the inter-connectedness of institutions has surfaced as one of the major culprits for the magnitude of… Continue Reading
A parsimonious approach to incorporating economic information in measures of potential output
“A popular strategy for estimating output gaps is to anchor them to structural economic relationships. The resulting output gaps, however, are often highly sensitive to numerous auxiliary assumptions inherent in the approach. This complicates their use in policymaking. We illustrate the point using the Phillips curve, arguably the most popular structural relationship in this context.… Continue Reading
The role of central banks in macroeconomic and financial stability
“Central banks in Africa are changing as the continent becomes increasingly integrated with the global financial system. In this context, governors from major central banks met in Basel on 11-12 May 2013 to compare notes on their experiences in dealing with the challenges of increased financial integration. Four important challenges were analysed at this meeting. First,… Continue Reading
The global long-term interest rate, financial risks and policy choices in EMEs
“The global long-term interest rate now matters much more for the monetary policy choices facing emerging market economies than a decade ago. The low or negative term premium in the yield curve in the advanced economies from mid-2010 has pushed international investors into EM local bond markets: by lowering local long rates, this has considerably… Continue Reading
College Educational Quality research study results from two selective research institutions
“In Spring 2013 we completed our first pilot study of two selective research institutions (one private, one public). The reports are now available detailing the initial findings of the first pilot. The results are in two formats: 1) A Technical Report that includes the details of our methodology, findings, and descriptive statistics; 2) A Snapshot… Continue Reading
Has motorization in the U.S. Peaked?
“This study examined recent trends in the numbers of light-duty vehicles (cars, pickup trucks, SUVs, and vans) in the U.S. fleet. The analysis considered both the absolute numbers and the rates per person, per licensed driver, and per household. The period examined was from 1984 through 2011. The absolute number of vehicles reached a maximum… Continue Reading
Leaked Documents Reveal Government Cyber Attacks on Hactivists
NBC News – MARK SCHONE, RICHARD ESPOSITO, MATTHEW COLE AND GLENN GREENWALD: “Secret British spy unit created to mount cyber attacks on Britain’s enemies has waged war on the hacktivists of Anonymous and LulzSec, according to documents taken from the National Security Agency by Edward Snowden and obtained by NBC News. The blunt instrument the spy unit… Continue Reading
Working Conditions Laws 2012
International Labour Organization (ILO): “This report provides an international comparative legal information on national working conditions legislation and highlights global and regional trends in over 150 countries. The report covers national legislation in three fundamental working conditions: working hours, minimum wages, and maternity protection. The report aims to provide ILO constituents, policymakers, and researchers with comparative… Continue Reading
