The New York Times recently ran an article called ?Seeking a Safer Way to Securitization? (Floyd Norris, Feb 6, 2010) that asked the fundamental quest...
The annual IMD World Competitiveness Scorecard came out in October for 2009. In this measure of worldwide competitiveness, or ?how nations and enter...
I started my career out of school with a postgraduate degree in space physics writing mission software systems for satellites for organizations that n...
As CEO of Dorado I travel constantly. These last few weeks have been very unique. What began as a single business meeting turned into a quest to und...
California began a 90-day moratorium on foreclosures this month. Gov. Schwarzenegger signed The California Foreclosure Prevention Act last February. ...
Most lenders have loan modification programs in place. Customers in trouble should be ecstatic. Foreclosures should be on the decline — right?
Doug ...
The market of home lending is rebuilding itself. I call it Mortgage 2.0. As people inside the mortgage lending market look forward towards rebuildin...
I read that Obama?s new CIO has a preference for SaaS and Cloud Computing [see me punching the air with my fist and yelling ?yes!?]. SaaS? time has c...
The last few times I’ve talked to a reporter, one of the first questions they ask is what I think of Treasury Secretary Timothy Geithner’s TARP II pla...
I had a conversation with a bank executive the other day, one of our new 2008 customers. He was telling me about the socialization of change within th...
Just about everything you'll hear coming out of Washington starting now is really about November's mid-term election. The gravitational pull of the mi...
In September 2008, as the worst of the financial crisis engulfed Wall Street, George W. Bush issued a warning: "This sucker could go down." Around the...
"Don't make the perfect the enemy of the better," says the President and congressional insiders when confronted with the sorry spectacle of a health-c...
The public option is dead, killed by a handful of senators from small states who are mostly bought off by Big Insurance and Big Pharma or intimidated ...
An FBI official said Friday a two-year-long multinational investigation led them to nab a 23-year-old Slovenian, who allegedly created a malicious sof...
When it comes to feeling as though you?re enjoying the good life, money matters. Make no mistake about it. But it?s just one critical ingredient, acco...
High-level government officials met Thursday to discuss the new consumer protection agency established by the financial overhaul law, and employees at...
A hacker has discovered a way to force ATMs to disgorge their cash by hijacking the computers inside them. The attacks demonstrated Wednesday targeted...
Visa Inc. on Wednesday said its third-quarter profit slipped 2 percent, hurt by a sharp drop in investment income, but it posted increased operating i...
Visa Inc. Chairman and CEO Joseph Saunders said it is too early to tell exactly how a new U.S. law restricting the fees charged to merchants for proce...
THE RESULTS: Payments processor Visa Inc. reported a 2 percent decline in net income for its fiscal third quarter, hurt by a sharp drop in investment ...
A cyber mastermind from Slovenia who is suspected of creating a malicious software code that infected 12 million computers worldwide and orchestrating...
In a sign of the economic times, consumers? biggest gripes were about car sales and credit and debt grievances, according to a survey of complaints ma...
Think of it as one more reason not to write checks. Hackers believed to be operating out of Russia have figured out a high-tech way to carry out the d...
Cash-out refinancing gained popularity when home values were rising fast, and homeowners wanted to tap their home equity to put money in their wallet....
Slick TV commercials and online ads tell delinquent borrowers that they can save their homes by filing for personal bankruptcy. But is it true -- or j...
Breathless calls to emergency operators described the shots fired at an Albuquerque business where a gunman last week stormed through a courtyard and ...
A foreclosure reduces the value of a home by an average 27% -- a much higher discount than occurs with other types of forced sales, according to a rec...
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Federal Reserve Board: FRB Finance and Economics Discussion Series Working Papers
Lamont K. Black, Diana Hancock, and Wayne Passmore. The bank lending channel of monetary policy suggests that banks play a special role in the transmi...
Thomas J. Holmes and John J. Stevens. The fact that large manufacturing plants export relatively more than small plants has been at the foundation of ...
Michael B. Gordy and James Marrone. The impact of undiversified idiosyncratic risk on value-at-risk and expected shortfall can be approximated analyti...
Raven Molloy and Hui Shan. Gasoline prices influence where households decide to locate by changing the cost of commuting. Consequently, the substanti...
Neil Bhutta, Jane Dokko, and Hui Shan. A central question in the literature on mortgage default is at what point underwater homeowners walk away from ...
AuditWorks.com - Take the bull by the tail and face the situation
Martin Bodenstein, James Hebden, and Ricardo Nunes. When the nominal interest rate reaches its zero lower bound, credibility is crucial for conducting...
Luca Guerrieri, Dale Henderson, and Jinill Kim. Investment-specific technology (IST) shocks are often interpreted as multi-factor productivity (MFP) s...
Christopher Gust and David Lopez-Salido. We use a DSGE model that generates endogenous movements in risk premia to examine the positive and normative ...
Federico Mandelman and Andrei Zlate. We use data on border enforcement and macroeconomic indicators from the U.S. and Mexico to estimate a two-country...
Ceyhun Bora Durdu, Ricardo Nunes, and Horacio Sapriza. This paper builds a model of sovereign debt in which default risk, interest rates, and debt dep...
