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Daily Archives: July 26, 2015

International banking statistics at end-March 2015

“The Bank for International Settlements (BIS) today released international banking statistics at end-March 2015.

  • Global cross-border claims of BIS reporting banks continued to expand in early 2015, rising by $755 billion between end-December 2014 and end-March 2015. The latest quarterly increase lifted the annual growth rate of claims to 6%, compared with -2% a year earlier.
  • Euro-denominated cross-border claims and lending to the euro area surged during the first quarter of 2015. Greece was a notable exception: cross-border lending to residents of the country fell by $22 billion between end-December 2014 and end-March 2015.
  • Lending to emerging economies diverged from the global trend during Q1 2015, contracting by $50 billion on an exchange rate-adjusted basis. Lending to China declined for the second consecutive quarter, slowing the annual growth rate to zero. Cross-border claims on Russia and Ukraine saw another quarterly decline, accelerating their annual rates of contraction to a respective 29% and 48%.

Developments in the latest international banking statistics, including breaks in series arising from methodological changes, are summarised in the Statistical release. Data are available on the BIS website, via the BIS WebStats query tool, or as tables in PDF.

Data are subject to change; revised data will be released in conjunction with the forthcoming BIS Quarterly Review on 13 September 2015. The international banking statistics at end-June 2015 will be released on or before 23 October 2015″

New on LLRX – Cut and Paste Opinions: A Turing Test for Judicial Decision-Making

Via LLRX.com – Cut and Paste Opinions: A Turing Test for Judicial Decision-Making  – Ken Strutin argues that cut-and-paste is a laudable method for reducing transcription errors in copying citations and quotations. However, he identifies that a problem arises when it is used to lift verbatim sections of a party’s arguments into a case decision.… Continue Reading

New on LLRX – Library Research Guides: Best Practices

Via LLRX.com – Library Research Guides: Best Practices – Many librarians have a set of research guides that they are responsible for keeping up to date, but finding time to devote to this important task can be extremely difficult. As libraries migrate to LibGuides 2.0, many are using this opportunity to study their users’ preferences,… Continue Reading

Depths of Hydraulic Fracturing and Accompanying Water Use Across US

Environ. Sci. Technol., Article ASAP. DOI: 10.1021/acs.est.5b01228 Publication Date (Web): July 21, 2015 Copyright © 2015 American Chemical Society “Reports highlight the safety of hydraulic fracturing for drinking water if it occurs “many hundreds of meters to kilometers underground”. To our knowledge, however, no comprehensive analysis of hydraulic fracturing depths exists. Based on fracturing depths… Continue Reading

Taming Leviathan

Boettke, Peter J. and Palagashvili, Liya, Taming Leviathan (July 24, 2015). GMU Working Paper in Economics. Available for download at SSRN: http://ssrn.com/abstract=2635701 “The current public debt crises in Western democratic countries provide an important illustration of what Adam Smith had described as the “juggling trick” – namely deficit increases, accumulation of debt, and debasement of… Continue Reading

Northern Light Launches Competitive Intelligence Portal

Remember Northern Light web search engine – going back to the time I launched LLRX.com – see this News release: “Northern Light® today launched Millie™ (http://millie.northernlight.com), the first market and competitive intelligence portal available free on the web. Millie is structured as a series of industry-specific dashboards, making it easy to find useful information in… Continue Reading

Americans with Disabilities Act – 25th Anniversary

Via USA.gov: “Celebrating 25 Years of the Americans With Disabilities Act – July 26 marks the 25th anniversary of the Americans with Disabilities Act (ADA). Modeled after the Civil Rights Act of 1964, the legislation was signed into law in 1990 to eliminate discrimination against, and to promote opportunities for people with physical and mental… Continue Reading