Government Information

Earl Gregg Swem Library

Does Money Still Matter for Monetary Policy?

Categories: Business/Economics,Financial Crisis/Markets

http://www.richmondfed.org/publications/research/economic_brief/2013/pdf/eb_13-05.pdf

Looks at the decline of money supply as a major factor in economic thinking.  Traces the evolution of economists’ ideas about monetarism and the Fed’s use of the money supply.  Concludes there may be a renewed role for money supply in the wake of significant changes  to monetary policy since the recession of 2008-09.  From the Richmond Federal Reserve Bank

 

Modifying Mortgages Involving Fannie Mae and Freddie Mac: Options for Principal Forgiveness

Categories: Financial Crisis/Markets,Govt Finance,Housing/Homelessness

http://www.cbo.gov/sites/default/files/cbofiles/attachments/44115_PrincipalForgiveness_onecolumn.pdf

Examines three options for Fannie Mae and Freddie Mac to use principal forgiveness for eligible borrowers who are “underwater” on their home mortgages. Also discusses how these options might affect the number of defaults and the federal budget.  From the Congressional Budget Office

 

Quarterly Report to Congress, April 2013 of Office of the Special Inspector General for the Troubled Asset Relief Program

Categories: Financial Crisis/Markets,Housing/Homelessness

http://www.sigtarp.gov/Quarterly%20Reports/April_24_2013_Report_to_Congress.pdf

Latest quarterly report of the Inspector General for TARP which gained headlines by reporting that 46% of homeowners with modified mortgages are redefaulting.  From the Office of the Special Inspector and the Treasury Department

 

Codes of Conduct for Multinational Corporations: An Overview

Categories: Business/Economics,Financial Crisis/Markets

http://www.fas.org/sgp/crs/misc/RS20803.pdf

Discusses the emergence and nature of voluntary, legally enforceable, industry-specific international codes of conduct for multinational corporations, especially those relating to international financial corporations since the global crisis of 2008-2009.   From the Congressional Research Service, posted by the Federation of American Scientists

 

Fair Debt Collection Practices Act (FDCPA)

Categories: Financial Crisis/Markets,Laws/Regulations

http://www.fas.org/sgp/crs/misc/R43041.pdf

Provides an overview of the debt law and discusses issues relating to debt collection which have arisen since the fiscal crisis of 2008-2009 including debt buying, the use of litigation as a collection strategy, and the impact of technology on the debt collection industry.  From the Congressional Research Service, posted by the Federation of American Scientists

 

Financial Market Supervision: Canada’s Perspective

Categories: Business/Economics,Financial Crisis/Markets,Laws/Regulations

http://www.fas.org/sgp/crs/misc/R40687.pdf

Looks at Canada’s regulation of the financial system as a possible model for improving the U.S. system.

From the Congressional Research Service, posted by the Federation of American Scientists

 

Private Pensions: Timely Action Needed to Address Impending Multiemployer Plan Insolvencies

Categories: Business/Economics,Financial Crisis/Markets,Govt Finance,Retirement/Social Security

http://www.gao.gov/assets/660/653383.pdf

Examines actions taken by pension plans in the weakest financial condition, the extent to which such plans have relied on federal government help via the Pension Benefit Guaranty Corporation, and options available to rectify PBGC’s impending funding crisis.  From the Government Accountability Office

 

Fed Credit Policy During the Great Depression

Categories: Financial Crisis/Markets,History

http://www.richmondfed.org/publications/research/economic_brief/2013/pdf/eb_13-03.pdf

Examines how the Federal Reserve used credit policy tactics to try to stimulate the U.S. economy during the Great Depression.  From the Richmond Federal Reserve Bank

 

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