Monthly Archives: September 2008

WSJ blogs hold the truth in this paragraph about the reins of credit

Posted by cricketdiane on

The U.S. — meaning both parties and the public and private sectors — has to worry about what global investors make of the picture of disarray they now see in the U.S. That’s a crucial consideration because the U.S. now depends on foreign capital to finance both a trade deficit of more than $700 billion and a $400 billion federal budget deficit. Today, foreign lenders hold about half of America’s public debt, and the nation relies on them to finance more than 70% of its new debt, the nonpartisan Peter G. Peterson Foundation estimates.

http://blogs.wsj.com/politicalperceptions/2008/09/30/dysfunction-in-washington-exacts-a-heavy-price/

Leadership and Deceitfulness is not the same – Leadership and Dictatorship is not the same – and America isn’t yours to run – its ours (which simply includes you in that, too.)

Posted by cricketdiane on

This is why we don’t study this economics stuff in classrooms. We study it in the real world and teach it in classrooms.

It is not whether anyone has worked in the public sector before or has that experience from which to draw. It is in whether anyone has ever experienced being homeless and out of work, without opportunities and enslaved by poverty and despotism. That is the experience it takes to know why it is so very critical to have done the right things in the right ways before this and certainly, now that we are here.

The practices of our “financial class,” bankers, investment houses, Wall Street, speculators and their friendly Congressional legislators have burned down the framework of freedom and prosperity in America long before today. It is why today, we have their results and the crises it has caused that is before us to solve. We have America’s economy to rebuild and opportunity to be restored.

I know why it was critical and important to work on getting changes made to this many months and years before today ever came because of two things, 1.) It didn’t have to be this way and, 2.) I personally know the damage their way of doing things has caused. Now, they’ve spread those results out to a greater population, who is already experiencing it this very minute. I know what that is and what could’ve been done to avert it, while you and your colleagues along with every trader, banker and politician were saying, “it is all fine, everything is just fine.”

So, from the real world I learned the tangible costs of Wall Street having the run of our government and their demand that leadership equals dictatorship. I know what leadership is in a nation of freedoms, rights and opportunities to prosper equally guaranteed to all under a government of representation serving her people. I’ve seen what can happen with that and what has happened without it. The difference lends to us the results from histories of oppression and economic insolvency throughout time and around the world that we now have unfolding here.

Genuine leadership in America has integrity, not pretense, because it answers to the people of America that it serves. Regardless of one’s background, status, nationality, religion, race, gender, age or “wholeness” by some prescribed measure, each and every American individually and as a nation, serves America.

Everyone, whether citizen by birth or oath, or simply physically standing in our nation, is governed by consent of the governed, and nothing else. Not by law, nor decree, nor by money, nor status, nor even by principle are we governed – only, and always only, by our consent. That was the decree of freedom that made this country and it is the truth even today.

There is nothing else that makes it work and nothing else that will work for very long because we have tasted freedom, died for it, lived for it, endured for it and will always fight for it. To not have freedom, rights, opportunities, equality and the possibility of prosperity makes living and enduring any difficulty immeasurable and filled with sorrows.

I know. I have lived in an America without freedom – have you?

Written by Cricket Diane C “Sparky” Phillips, 09-29-08, USA

Congressional Yays to Bailout Is A Sad Contempt and Disdain for Principles – CNN anchor shared – traders and bankers shared – and I thought I would share, too

Posted by cricketdiane on

CNN, at 2.23 p.m. today, 09-29-08, on your broadcast – Your male anchor in response to the vote in Congress, made the comment that the (American people and Congress) -
“Need to close your eyes and swallow it.” – (and pass this bailout because we have to have it this way, just this way, only this way and right now, right now, right now..)

He also said before that,
“There are not principles in the market …Principles don’t work in the marketplace.” (roughly paraphrased)

That first one was a lewd and graphic comment. The only comments I can think of (in response) are also lewd and graphic, to say the least. But I would say this, on the record, – maybe the fact that principles are not in the markets and do not work any longer in the markets – identifies the problem at its most fundamental.

And,
He is telling us (along with his Wall Street, banking and business friends / political friends) that those who are forcing this on the American people have the idea that in some way – this line of thinking that we should “close our eyes and swallow it,” is appropriate. And, guess what -

Raping the US Treasury, our governmental authorities of office, our systems of economic prosperity and freedoms, our opportunities for a future, our free market model / capitalism and the American people is unprincipled for a reason.

If I have anything to do with it, I’ll find a way to viral video this particular attitude your male anchor conveyed such that maybe our business leaders can begin understanding where the attitude, “close your eyes and swallow it” belongs. And, why principles matter and rape or putting America on her knees to gratify them is unacceptable.

And thankyou for letting us all know that Wall Street actually was, (and is), intentionally saying, “America – suck our dicks” – “Close your eyes, swallow it and enjoy it.” while we rape, pillage and plunder the United States for our own gratification.

Figures.

Isn’t that special.

- Cricket Diane C Sparky Phillips, 09-29-08, USA

P.S. – I apologize for the graphic and lewd response to your CNN anchor / reporter and the buddies he supports, but – No, Hell, NO.

And if that is the only thing our banking industry, Wall Street and Democratic Congressional leaders supporting this intend, then they can learn why principles matter at their own expense and “suck off their own dicks.”

I would take the time to find out why the Democrats and few Republican that voted, yes, on this bailout were so interested in having it pass and to what self-interest they were serving. However, there is much to do that can help solve the problems before us and my efforts would probably do more in that arena.

I still wanna get ‘em, though and ask what kind of thinking made a socialist / communist response to a capitalist problem make sense to them. I really do. But, there are greater resources that will be devoted to that and to finding out what interests they serve.

And, it sure would be nice to kick them in the butt – one good time, just on general principle. The idea that nothing anyone has said made any difference to them is such an incredible abuse of their oath of office that it defies any concept of representative government.

Who conned them into that? And, I’d love to kick their butts too. I’ve come to hate bankers, traders, and high-paid jackasses that serve no one of us, including those of the political variety.

But, I’ve a choice to move some mountains or bother with them. I guess I’ll get some shovels.

Written by Cricket Diane C Sparky Phillips, 09-29-08, USA

I think the scariest thing I’ve seen lately is the junior jackasses from Congress coming out to make statements to the press when they are bovines being pushed into it

Posted by cricketdiane on

Now, that was so rude. I can’t believe I said that.

I think the scariest thing I’ve seen lately is the junior jackasses from Congress coming out to make statements to the press when they are bovines being pushed into it

Not, that having more senior members of Congress is really any much better, but noticing the difference is just about unnerving.

Overseas, the options of taking over banks is simply a matter of logistics. Many of these countries are already socialist states. If our nation and our people had agreed to that underlying principle for our national practices, then maybe it would be an option. But, that isn’t the case.

I haven’t read the Democrats document – but 110 pages! That is more work than they’ve managed to do in the entire last two sessions. This was likely the most flawed document and well-constructed at the same time in the history of the Congress. There are no other options on the table – the golden parachute rule has already been pointed out to be a joke and not applicable to anyone already in place – and the package is very much the same as the plan Paulson offered in the first place. What kind of creative and viable solution is that?

When our Congressional leadership do not understand the basic foundations of the United States that must be honored when applying solutions to anything they legislate, then there is a sorely lacking education level at fault. It isn’t for there to be a spine among them – it is for their understanding of America requires the application of their reason and good sense with the founding principles underpinning the United States and Constitution utilized – not abandoned when it matters.

We can take our passion for these matters around the world and fight for them, die for them and endure all manner of difficulty to honor them. Isn’t there enough guts and honor to do so in Congress?

Written by Cricket Diane C “Sparky” Phillips, 09-29-08, USA

The other links I was going to leave out – but maybe someone who knows how fun they are could do some economics with them –

Posted by cricketdiane on

Okay, so here are the other two sites that I had up and the other was the Goliath site with its overview of events / an ISTI site that I found accidently which is very good about available gizmos and then the St.Louis Federal Reserve/Miami Bank pdf that wasn’t worth reading.

Didn’t think there would be much interest in these to anybody but me. But, maybe. I was taking a look at the use of the Schrodinger equation for the economic model but with a variable added for volume and maybe one other to give a closed set of time points (or it will crash my little computer.)

Anyway – maybe tomorrow. I apologize if anyone following along this morning has been overwhelmed. For me, it is like a feasting and the only thing better than this is going to a library. Books piled to page everywhere, sitting on the floor of the library between the shelves finding what works to solve. Yeah, its a feast. Online is nearly as good – but there aren’t as many pictures.
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http://www.isti.com.tw/

Integrated Services Technology – China
Green Electronics Analysis Center
Green electronics countermeasures in response to controlled substances to assist the electronics industry seminar in the light of this wave attack fast

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http://hyperphysics.phy-astr.gsu.edu/Hbase/quantum/Schr.html

Schrodinger Elusive Dynamic – needs volume as a variable to use for economic modeling

<<<

http://www.bbc.co.uk/science/horizon/2002/freakwave.shtml

http://www.bbc.co.uk/science/horizon/2002/freakwave.shtml

Freak Wave – programme summary
No current could have created such huge waves. There is none in that part of the Atlantic. Clearly, there was another effect investigators needed to find. Except someone already had: it existed (on paper at least) in the world of quantum physics. Al Osborne is a wave mathematician with 30 years experience devising equations to describe open ocean wave patterns. Quantum physics has at its heart a concept called the Schrodinger Equation, a way of expressing the probability of something happening that is far more complex than the simple linear model. Al’s theory is based on the notion that in certain unstable conditions, waves can steal energy from their neighbours. Adjacent waves shrink while the one at the focus can grow to an enormous size. His modified Schrodinger Equation had been rejected in the past as implausible, but with research attention centred on analysing these rogue waves – including global satellite radar surveillance by the new European Remote Sensing Satellite – data began to emerge backing his case. When Al came across the New Year’s Day 1985 wave profiles from the Draupner oil rig, he saw his mathematical model played out in the real world.

Al’s work – if correct – suggests that there are two kinds of waves out on the high seas; the classical undulating type described by the linear model and an unstable non-linear monster – a wave that at any time can start sucking up energy from waves around it to become a towering freak. The consequences for ship design could be stark.

http://www.physicscentral.com/explore/people/osborne.cfm

Al Osborne

Al Osborne doesn’t have much of an accent anymore, but there’s still a bit of the Texas drawl left over from his youth in College Station. And even a few decades in Italy hasn’t erased the easy-going attitude and low-key charm that are the hallmarks of a Texas gentleman. When Osborne talks about physics, he tends to drop in an Italian word here or there, along with American colloquialisms like “loaded for bear” when he means “prepared for anything.” It’s a style that can make Osborne’s explanation of the non-linear Schrodinger equation sound more like a cosmopolitan folktale.

A soliton is an example of a wave in nonlinear physics. Small waves in many media add linearly – that is, a one meter wave passing through another one meter wave will combine to briefly form a two meter peak. When waves grow large, they no longer add linearly, and the resulting height can be substantially different than the sum of the component waves. Solitons are special solutions of nonlinear wave equations. These robust structures behave more like particles than waves, traveling long distances and scattering off other solitons and waves.

Osborne explains that his own breakthrough echoes the original discovery of solitons by a young naval architect who happened to be riding his horse along Edinburgh’s Union Canal in August 1834. John Scott Russell had set out to learn why the water was perpetually draining from the canal when he noticed an odd wave produced at the bow of a barge as it came to a halt. Unlike the waves Russell had studied in school, a single hump of water traveled along the canal “without change of form or diminution of speed.” Russell’s waves, which were the first solitons ever described, continued to the end of the canal, where they jumped the final containing wall and dumped some of the water out. The discovery simultaneously solved Russell’s canal-draining mystery and presaged the modern study of nonlinear physics.

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yeah – some sleep for a little while. And, maybe then I can find some documents specific to the task. If nothing else, it will help someone to not having to search for them. That would be nice.

- cricketdiane, Cricket Diane C Sparky Phillips, 09-29-08, USA1 – [cd]

US economic crisis and international concerns and forecasting models

Posted by cricketdiane on

About half the links I have open right now that would be nice to find tomorrow – about US economic crisis and international concerns and forecasting models

http://www.foxbusiness.com/story/markets/fbi-probes-companies-heart-crisis/

Tuesday, September 23, 2008
FBI Probes Companies at Heart of Crisis

Associated Press

WASHINGTON–The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration.

Two law enforcement officials said the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM: 1.74, +0.43, +32.82%) and Freddie Mac (FRE: 1.89, +0.57, +43.18%), Lehman Brothers Holdings Inc.(LEH: 0.13, -0.17, -56.66%), and insurer American International Group Inc.(AIG: 3.31, -1.69, -33.80%)

A senior law enforcement official says the inquiries, still in preliminary stages, will focus on the financial institutions and the individuals that ran them.

Officials say the new inquiries brings the number of corporate lenders under investigation over the last year to 26.

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http://www.senate.gov/

***

http://www.unece.org/stats/links_int.htm#international

http://www.unece.org/stats/images/header_bt01.jpg

http://www.unece.org/site_map.htm

http://www.unece.org/programs/programs.htm

http://www.unece.org/meetings/meetings.htm

http://www.unece.org/info_resources/info_resources.htm

http://www.unece.org/about/about.htm

http://www.unece.org/contact/contact.htm

United Nations Economic Commission for Europe
STATISTICS
http://www.unece.org/stats/stats_e.htm Statistics Home http://www.unece.org/stats/activities.e.htmActivities
http://www.unece.org/stats/archive/docs.e.htm Documents Library
http://www.unece.org/stats/publ.htm Publications
http://w3.unece.org/pxweb/Dialog/ Data on-line
http://www.unece.org/stats/links.htm Links

LINKS TO OFFICIAL STATISTICS FOR EUROPE AND NORTH AMERICA

23 April, 2008
http://www.unece.org/stats/links_int.htm#national”>

http://www.unece.org/stats/links.htm#national

National Statistical Agencies of the UNECE Member Countries

International Statistical Agencies

http://www.unece.org/stats/links_int.htm#international

United Nations and specialized agencies
http://www.unece.org/stats/links_int.htm#EU”
European Union
http://www.unece.org/stats/links_int.htm#IO”
Intergovernmental organizations
http://www.unece.org/stats/links_int.htm#NO”
Non-governmental organizations
http://www.unece.org/stats/links_int.htm#regions”
Other Regions
http://www.unece.org/stats/links_int.htm#other”
Other Statistical Sources

International Statisitical Agencies

United Nations and specialized agencies

http://unstats.un.org/unsd/

United Nations Statistics Division

http://www.un.org/popin/

United Nations Population Division/DESA

http://www.un.org/esa/socdev/ageing/index.html

United Nations Programme on Ageing

http://www.unhcr.org/statistics.html

United Nations High Commissioner for Refugees

http://www.fao.org/es/ess/

Food and Agriculture Organization of the United Nations (FAO)

http://www.fao.org/faostat/

FAOSTAT

http://www.icao.org/

International Civil Aviation Organization (ICAO)

http://www.ilo.org/public/english/bureau/stat/index.htm

International Labour Organization (ILO), Bureau of Statistics

http://laborsta.ilo.org/

LABORSTA database

http://www.imf.org/external/np/sta/

International Monetary Fund (IMF)

http://dsbb.imf.org/

Dissemination Standards Bulletin Board

http://www.uis.unesco.org/

United Nations Educational, Scientific and Cultural Organization (UNESCO)

http://www.undp.org/

United Nations Development Programme (UNDP)http://hdr.undp.org/statistics/
Human Development Report

http://www.unfpa.org/

United Nations Population Fund (UNFPA)

http://www.unido.org/

United Nations Industrial Development Organization (UNIDO)

http://www.unicri.it/

United Nations Interregional Crime and Justice Research Institute (UNICRI)

http://www.who.int/whosis/en/

World Health Organization (WHO) Statistical Information System

http://www.who.dk/InformationSources/Data/20010827_1

WHO Regional Office for Europe (WHO/EURO)

http://www.worldbank.org/

World Bank

http://www.wmo.ch/web/ddbs/ddbs.html

World Meteorological Organization (WMO)

http://www.unece.org/stats/links_int.htm#top

http://epp.eurostat.ec.europa.eu/pls/portal/ddis.go_home?p_language=en EUROSTAT, Statistical Office of the European Communities

http://www.ecb.int/stats/html/index.en.html

European Central Bank

Intergovernmental organizations – IO
http://www.oecd.org/department/0,2688,en_2649_33715_1_1_1_1_1,00.html Organization for Economic Cooperation and Development (OECD) (Statistics Directorate)

http://www.iea.org/statist/index.htm

International Energy Agency <

http://www.cisstat.com/

Interstate Statistical Committee of the Commonwealth of Independent States

http://www.ipu.org/

Inter-Parliamentary Union

http://www.wto.org/english/res_e/statis_e/statis_e.htm

World Trade Organization (WTO)

http://www.unwto.org/statistics/index.htm

World Tourism Organization (UNWTO)

http://www.iom.ch/

International Organization for Migration (IOM)

Non-governmental organizations

http://www.cbs.nl/isi/

International Statistical Institute (ISI)

http://www.stat.fi/iaos/

International Association for Official Statistics (IAOS)

http://www.wri.org/wri/index.html

World Resources Institute (WRI)

http://earthtrends.wri.org/

EarthTrends

Other statistical sources

Press, private databases, user groups, etc.

http://www.ntu.edu.sg/lib/stat/statdata.htm

Statistical Data Locator
(by Nanyang Technological University)

http://www.blaiseusers.org/

International BLAISE user group

http://www.blaiseusers.org/govstat.htm

links

http://www.lib.umich.edu/govdocs/frames/stdemfr.html

University of Michigan – links to statistical resources on the Web

http://unstats.un.org/unsd/methods/citygroup/index.htm

City groups on statistical methodologies
(by UN Statistics Division)

http://ideas.uqam.ca/EDIRC/statoff.html

Economics Departments, Institutes and Research Centres in the World
(maintained by University of Quebec)

Other regions
UN regional commissions

http://www.eclac.cl/estadisticas/default.asp?idioma=IN

United Nations Economic Commission for Latin America and the Caribbean (ECLAC)

http://www.unescap.org/stat/

United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)<

http://www.unescap.org/stat/nsos.htm

http://www.escwa.org.lb/

United Nations Economic Commission for Western Asia (ESCWA)

http://www.uneca.org/

United Nations Economic Commission for Africa (ECA)
The designations employed and the presentation of the material in these external web sites do no imply the expression of any opinion whatsover on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.

mailto:support.stat@unece.org
support.stat@unece.org

© United Nations Economic Commission for Europe

***

http://www.icj-cij.org/homepage/index.php?p1=0

International Court of Justice
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http://www.icc-cpi.int/home.html&l=en

International Criminal Court
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http://untreaty.un.org/ola/FR/Default.aspx

Bureau Des Affaires Juridiques (OLA)
Nations Unies

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http://isi.cbs.nl/other_gov.htm

Directory of Official Statistical Agencies – Other Organizations
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http://epp.eurostat.ec.europa.eu/portal/page?_pageid=1153,47169267,1153_47181498&_dad=portal&_schema=PORTAL

Eurostat – Your key to European statistics

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http://www.oecd.org/document/59/0,3343,en_2649_201185_41371835_1_1_1_1,00.html

Home: OECD > Statement by the Secretary-General of the OECD, Mr. Angel Gurría, on the Financial Crisis and its Aftermath
Organisation for Economic Co-operation and Development

Home: Statistics Portal > Publications & Documents

http://www.oecd.org/findDocument/0,3354,en_2825_293564_1_1_1_1_1,00.html

Publications

http://www.oecd.org/statsportal/0,3352,en_2825_293564_1_1_1_1_1,00.html

Statistics Portal

http://www.icc-cpi.int/organs/otp.html&l=en

Office of the Prosecutor
International Criminal Court

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http://ca.youtube.com/user/TheMouthPeace

http://ca.youtube.com/watch?v=H5tZc8oH–o

very well explained here – and apparently encouraging a vote for McCain at the end – but an excellent comprehensive overview of the situation in American finance.

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http://isi.cbs.nl/iaos/

International Association for Official Statistics
ISI Sections

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http://www.isbis.org/links.html

International Society for Business and Industrial Statistics
Links page

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http://www3.interscience.wiley.com/journal/121373267/abstract

Special Issue Paper
On estimating the conditional expected shortfall
Franco Peracchi 1 2 *, Andrei V. Tanase 1
1Tor Vergata University, Rome, Italy
2EIEF, Rome, Italy
email: Franco Peracchi (franco.peracchi@uniroma2.it)

*Correspondence to Franco Peracchi, Faculty of Economics, University of Rome Tor Vergata, via Columbia 2, 00133 Rome, Italy

Keywords
risk measures • quantile regression • logistic regression

Abstract
Unlike the value at risk, the expected shortfall is a coherent measure of risk. In this paper, we discuss estimation of the expected shortfall of a random variable Yt with special reference to the case when auxiliary information is available in the form of a set of predictors Xt. We consider three classes of estimators of the conditional expected shortfall of Yt given Xt: a class of fully non-parametric estimators and two classes of analog estimators based, respectively, on the empirical conditional quantile function and the empirical conditional distribution function. We study their sampling properties by means of a set of Monte Carlo experiments and analyze their performance in an empirical application to financial data. Copyright © 2008 John Wiley & Sons, Ltd.
Received: 30 April 2008; Revised: 30 April 2008; Accepted: 25 June 2008

Digital Object Identifier (DOI)

Applied Stochastic Models in Business and Industry

See Also:

* Applied Stochastic Models and Data Analysis

Volume 24 Issue 5, Pages 471 – 493

Special Issue: Special issue on statistical methods in performance analysis

Published Online: 8 Aug 2008

Copyright © 2008 John Wiley & Sons, Ltd.
View all previous titles for this journal

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http://projecteuclid.org/DPubS?service=UI&version=1.0&verb=Display&handle=euclid.bj/1219669629

Probability measures, Lévy measures and analyticity in time

Ole E. Barndorff-Nielsen and Friedrich Hubalek

Source: Bernoulli Volume 14, Number 3 (2008), 764-790.
Abstract

We investigate the relation of the semigroup probability density of an infinite activity Lévy process to the corresponding Lévy density. For subordinators, we provide three methods to compute the former from the latter. The first method is based on approximating compound Poisson distributions, the second method uses convolution integrals of the upper tail integral of the Lévy measure and the third method uses the analytic continuation of the Lévy density to a complex cone and contour integration. As a by-product, we investigate the smoothness of the semigroup density in time. Several concrete examples illustrate the three methods and our results.
Keywords: cancellation of singularities; exponential formula; generalised gamma convolutions; subordinators

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http://www.bis.org/cbhub/indexm17.htm#monetary

Central Bank Research Hub Index – M: monetari-mornings

http://www.bundesbank.de/download/volkswirtschaft/dkp/2006/200621dkp.pdf

Monetary and fiscal policy interactions -

http://www.bundesbank.de/download/volkswirtschaft/dkp/2006/200621dkp.pdf

Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and Non-Ricardian consumers, 2006
by Campbell Leith, and Leopold von Thadden

A research thought from 2006 that government debt needs to be included in modeling for statistical analysis on economic influence – parameters of US debt definitely need to be included in analysis – US economic crisis, global concerns and economics

Posted by cricketdiane on

http://www.bis.org/cbhub/index.htm

http://www.bis.org/cbhub/indexm17.htm#monetary

Discussion Papers – Discussion Paper
Series 1: Economic Studies
No 21/2006

Monetary and fiscal policy interactions in a
New Keynesian model with capital
accumulation and non-Ricardian consumers
Campbell Leith
(University of Glasgow)
Leopold von Thadden
(European Central Bank)

Abstract
This paper develops a small New Keynesian model with capital accumulation and
government debt dynamics. The paper discusses the design of simple monetary and fiscal
policy rules consistent with determinate equilibrium dynamics in the absence of Ricardian
equivalence. Under this assumption, government debt turns into a relevant state variable
which needs to be accounted for in the analysis of equilibrium dynamics. The key analytical
finding is that without explicit reference to the level of government debt it is not possible to
infer how strongly the monetary and fiscal instruments should be used to ensure determinate
equilibrium dynamics. Specifically, we identify in our model discontinuities associated with
threshold values of steady-state debt, leading to qualitative changes in the local determinacy
requirements. These features extend the logic of Leeper (1991) to an environment in which
fiscal policy is non-neutral. Naturally, this non-neutrality increases the importance of fiscal
aspects for the design of policy rules consistent with determinate dynamics.
JEL classification numbers: E52, E63.

Deutsche Bundesbank, Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main,
Postfach 10 06 02, 60006 Frankfurt am Main
Tel +49 69 9566-1
Telex within Germany 41227, telex from abroad 414431, fax +49 69 5601071
Please address all orders in writing to: Deutsche Bundesbank,
Press and Public Relations Division, at the above address or via fax +49 69 9566-3077
Reproduction permitted only if source is stated.
ISBN 3–86558–167–6 (Printversion)
ISBN 3–86558–168–4 (Internetversion)

Editorial Board: Heinz Herrmann
Thilo Liebig
Karl-Heinz Tödter

Discussion Papers – Discussion Paper
Series 1: Economic Studies
No 21/2006

Monetary and fiscal policy interactions in a
New Keynesian model with capital
accumulation and non-Ricardian consumers
Campbell Leith
(University of Glasgow)
Leopold von Thadden
(European Central Bank)

http://www.bis.org/cbhub/indexm17.htm#monetary

http://www.bis.org/cbhub/index.htm

Central Bank Research Hub Index

Where to find the regulators for all the bank authorities in the global arena and here are the US group – interesting stuff

Posted by cricketdiane on

Board of Governors of the Federal Reserve System (Washington)

Federal Deposit Insurance Corporation DC

Federal Reserve Bank of New York

New York State Banking Department

Office of the Comptroller of the Currency

Office of Thrift Supervision

United States: (Regulatory Authorities listed (Last update 18 June 2008) on BIS site

listed on Bank of International Settlements site
as regulatory / supervisory agencies.

http://www.bis.org/regauth.htm

This page actually includes the names of the authorities for each country and the links to regulating authorities. Very handy.

Statistics available through international standards group – macro economic forecasting and reality-based analysis – US economic crisis – global crisis – Economics

Posted by cricketdiane on

About BIS statistics

The BIS international financial statistics are a unique source of information on various elements of the global financial system. They include data on:

The International Association of Insurance Supervisors, which operates from the BIS, publishes data on the global reinsurance market.

http://www.bis.org/statistics/index.htm
Bank for International Settlements

Markets Committee

The Markets Committee covers the recent developments in financial markets, considers possible future trends and exchanges information about the short-run implications of particular current events for the functioning of these markets and central bank operations. It also serves as a forum for central banks to discuss the specifics of their own market operations.

To enhance market transparency and the understanding of central bank actions, the Markets Committee released for the first time information on the monetary policy frameworks and market operations of its members. The information contained in this publication will be updated regularly.

Monetary policy frameworks and central bank market operations

taken from this page on site -

Committee Publications

http://www.bis.org/publ/cmtpubl.htm

US economic crisis and bailout – more items of interest that explain and enlighten – from the international community –

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Publications by year

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About the Basel Committee

The Basel Committee on Banking Supervision provides a forum for regular cooperation on banking supervisory matters. Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide. It seeks to do so by exchanging information on national supervisory issues, approaches and techniques, with a view to promoting common understanding. At times, the Committee uses this common understanding to develop guidelines and supervisory standards in areas where they are considered desirable. In this regard, the Committee is best known for its international standards on capital adequacy; the Core Principles for Effective Banking Supervision; and the Concordat on cross-border banking supervision.

The Committee’s members come from Belgium, Canada, France, Germany, Italy, Japan, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, the United Kingdom and the United States. Countries are represented by their central bank and also by the authority with formal responsibility for the prudential supervision of banking business where this is not the central bank. The present Chairman of the Committee is Mr Nout Wellink, President of the Netherlands Bank.

About the Basel Committee

http://www.bis.org/bcbs/

Committee on the Global Financial System

Committee on the Global Financial System

The Committee on the Global Financial System (CGFS), which is chaired by Donald L Kohn, Vice Chairman of the Board of Governors of the Federal Reserve System, monitors developments in global financial markets for the central bank Governors of the G10 countries.

The Committee has a mandate to identify and assess potential sources of stress in global financial markets, to further the understanding of the structural underpinnings of financial markets, and to promote improvements to the functioning and stability of these markets. It fulfils this mandate by way of quarterly monitoring discussions among CGFS members, through coordinated longer-term efforts, including working groups involving central bank staff, and through the various reports that the CGFS publishes.

The CGFS, formerly known as the Euro-currency Standing Committee, was established in 1971 with a mandate to monitor international banking markets. Its initial focus was on the monetary policy implications of the rapid growth of off-shore deposit and lending markets, but attention increasingly shifted to financial stability questions and to broader issues related to structural change in the financial system. Reflecting this change in focus, the G10 Governors decided on 8 February 1999 to rename the Committee and to revise its mandate.

http://www.bis.org/cgfs/index.htm

CGFS – Asset prices

Jul 2008
No 30

Private equity and leveraged finance markets


Feb 2007
No 27

Institutional investors, global savings and asset allocation


Jan 2006
No 26

Housing finance in the global financial market

http://www.bis.org/list/cgfs/tid_54/index.htm