Global liquidity: where do we stand? Speech by Jaime Caruana, General Manager of the Bank for International Settlements, prepared for the Bank of Korea International Conference 2013 on “Assessing global liquidity in a global framework”, Seoul, 4 June 2013. “Global financial conditions show strong cross-currents and merit policymakers’ attention. In countries at the centre of the global… Continue Reading
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Author Archives: Sabrina I. Pacifici
Paper – DebtRank-transparency: Controlling systemic risk in financial networks
DebtRank-transparency: Controlling systemic risk in financial networks, Stefan Thurner and Sebastian Poledna: “Banks in the interbank network can not assess the true risks associated with lending to other banks in the network, unless they have full information on the riskiness of all the other banks. These risks can be estimated by using network metrics (for example DebtRank)… Continue Reading
UN Special Report on the promotion and protection of the right to freedom of opinion and expression
Report of the Special Rapporteur on the promotion and protection of the right to freedom of opinion and expression, Frank La Rue. United National General Assembly, Human Rights Council, April 17, 2013. “The present report analyses the implications of States’ surveillance of communications for the exercise of the human rights to privacy and to freedom… Continue Reading
BIS – Asset encumbrance, financial reform and the demand for collateral assets
Asset encumbrance, financial reform and the demand for collateral assets, CGFS Publications, No 49, May 2013: “The demand for high-quality assets that can be used as collateral will increase due to a number of key regulatory reforms. This comes on top of greater demand for collateral assets through increased reliance by banks on collateralised funding,… Continue Reading
BIS Quarterly Review June 2013 – International banking and financial market developments
June 2013 Quarterly Review: Markets under the spell of monetary easing, June 3, 2013 “Further monetary easing boosted asset prices despite negative macroeconomic news. Cross-border claims of BIS reporting banks fell in the fourth quarter of 2012 as a sharp reduction in cross-border interbank lending more than offset higher cross-border credit to non-banks. Paul Melaschenko… Continue Reading
International Journal of Central Banking, June 2013
“The International Journal of Central Banking (IJCB) is an initiative of the central banking community. Published quarterly, the journal features articles on central bank theory and practice, with a special emphasis on research relating to monetary and financial stability. The main objectives of the International Journal of Central Banking are: to disseminate widely the best… Continue Reading
EIA – Hurricane effects on oil, natural gas production depend on storm trajectory
EIA news release, May 31, 2013: “Hurricane season starts tomorrow, and government weathercasters say there is a 70% chance of 13-20 named storms in the Atlantic Basin, of which 7-11 may strengthen to hurricanes and with 3-6 of those becoming major hurricanes characterized by wind categories 3, 4, and 5.” Continue Reading
Tax Policy Center – Making the World Safe for Philanthropy
Making the World Safe for Philanthropy: The Wartime Origins and Peacetime Development of the Tax Deduction for Charitable Giving by Joseph J. Thorndike, April 30, 2013: “Since the charitable deduction first appeared in 1917, its fate has been bound up with arguments over the nature and size of government, as well as the relationship between… Continue Reading
St. Louis Fed – The Financial Crisis and the Impact on Households
St. Louis Fed, Annual Report, May 2013 , Chapter 2: “The Financial Crisis and the Impact on Households: “Household balance sheets were severely affected during the financial crisis and ensuing recession. According to the Federal Reserve’s triennial Survey of Consumer Finances (SCF)—the most comprehensive examination of household balance sheets—average household wealth declined 15 percent between… Continue Reading
UK Report – The State of Nature, Royal Society for the Protection of Birds
The State of Nature: “For the first time ever, the UK’s wildlife organisations have joined forces to undertake a health check of nature in the UK and its Overseas Territories. This report presents our findings.” “This important document provides a stark warning: far more species are declining than increasing in the UK, including many of… Continue Reading
Paper – Smart Incentives for the Smart Grid
Smart Incentives for the Smart Grid, Roberta F. Mann, University of Oregon School of Law, June 1, 2013. New Mexico Law Review, Vol. 43, 2013. “Clean, renewable energy from the sun and wind — the green revolution is supposed to change the world. Since 2005, the United States has increased government investment in renewable energy… Continue Reading
UK Guardian – 5 largest internet companies challenge tracking legislation
Alan Travis, home affairs editor, The Guardian: “The five biggest internet companies in the world, including Google and Facebook, have privately delivered a thinly veiled warning to the home secretary, Theresa May, that they will not voluntarily co-operate with the “snooper’s charter”. In a leaked letter to the home secretary that is also signed by… Continue Reading
