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 Collection: Congressional Research Service Reports
Russia's Economic Performance and Policies and Their Implications for the United States

Russia's Economic Performance and Policies and Their Implications for the United States

Date: June 29, 2009
Creator: Cooper, William H.
Description: As has been the case with most of the world's economies, the Russian economy has been hit hard by the current global financial crisis. Even before the financial crisis, however, Russia was showing signs of economic problems. Russian economic policies and performance raise important policy questions for the United States and the U.S.-Russian relationship which this report addresses. Might Russia's robust economic growth return? Is an economically strong Russia a threat or benefit to the United States? Is Russia following economic strategies that promote a market economy that underlies the international trade system manifested in the World Trade Organization?
Contributing Partner: UNT Libraries Government Documents Department
The Size and Role of Government: Economic Issues

The Size and Role of Government: Economic Issues

Date: July 1, 2009
Creator: Labonte, Marc
Description: The appropriate size and role of the government is one of the most fundamental and enduring debates in American politics. What role does the state play in economic activity? How is the economy affected by government intervention? Many of the arguments surrounding the proper size of government are economic in nature, and they will be discussed in this report.
Contributing Partner: UNT Libraries Government Documents Department
The Global Financial Crisis: Analysis and Policy Implications

The Global Financial Crisis: Analysis and Policy Implications

Date: July 2, 2009
Creator: Nanto, Dick K.
Description: The world has entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. The process for coping with the crisis by countries across the globe has been manifest in four basic phases. The first has been intervention to contain the contagion and restore confidence in the system. The second has been coping with the secondary effects of the crisis, particularly the global recession and flight of capital from countries in emerging markets and elsewhere that have been affected by the crisis. The third phase of this process is to make changes in the financial system to reduce risk and prevent future crises. The fourth phase of the process is dealing with political, social, and security effects of the financial turmoil. The role for Congress in this financial crisis is multifaceted. This report describes this role, as well as the financial crisis in general, in detail.
Contributing Partner: UNT Libraries Government Documents Department
The Global Financial Crisis: Analysis and Policy Implications

The Global Financial Crisis: Analysis and Policy Implications

Date: July 10, 2009
Creator: Nanto, Dick K.
Description: The world has entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. The crisis has exposed fundamental weaknesses in financial systems worldwide, demonstrated how interconnected and interdependent economies are today, and has posed vexing policy dilemmas. This report describes the financial crisis in detail, including various countries' methods of coping with and adapting to the situation; the role of Congress in the solution and recovery process; and the Obama Administration proposal for financial regulatory reform.
Contributing Partner: UNT Libraries Government Documents Department
Panama: Political and Economic Conditions and U.S. Relations

Panama: Political and Economic Conditions and U.S. Relations

Date: July 15, 2009
Creator: Sullivan, Mark P.
Description: This report discusses the current political and economic conditions in the country of Panama, which has made notable political and economic progress since the 1989 U.S. military intervention that ousted the regime of General Manuel Noriega from power. The United States has close relations with Panama, stemming in large part from the extensive linkages developed when the canal was under U.S. control. This report describes the U.S.-Panama relationship at length, including trade relations.
Contributing Partner: UNT Libraries Government Documents Department
Financial Regulatory Reform: Analysis of the Consumer Financial Protection Agency (CFPA) as Proposed by the Obama Administration and H.R. 3126

Financial Regulatory Reform: Analysis of the Consumer Financial Protection Agency (CFPA) as Proposed by the Obama Administration and H.R. 3126

Date: July 17, 2009
Creator: Carpenter, David H. & Jickling, Mark
Description: This report provides a brief summary of the President's Consumer Financial Protection Agency Act of 2009 (the CPFA Act or the Act) and delineates some of the substantive differences between it and H.R. 3126, as introduced. It then analyzes some of the policy implications of the proposal, focusing on the separation of safety and soundness regulation from consumer protection, financial innovation, and the scope of regulation. The report then raises some questions regarding state law preemption, sources of funding, and rule-making procedures that the Act does not fully answer.
Contributing Partner: UNT Libraries Government Documents Department
The OECD Initiative on Tax Havens

The OECD Initiative on Tax Havens

Date: July 24, 2009
Creator: Jackson, James K.
Description: This report examines the Organization for Economic Cooperation and Development (OECD) and its role in changes to U.S. laws related to bribery, tax havens.
Contributing Partner: UNT Libraries Government Documents Department
Economic Downturns and Crime

Economic Downturns and Crime

Date: July 28, 2009
Creator: Finklea, Kristin M.
Description: This report examines the relationships between selected variables of economic strength and crime. It begins with an overview of crime rates during times of economic recession in the United States. It then reviews the existing literature in the field analyzing various data sets that examine whether the unemployment rate and foreclosures can be related to increases in the national crime rate.
Contributing Partner: UNT Libraries Government Documents Department
China's Holdings of U.S. Securities: Implications for the U.S. Economy

China's Holdings of U.S. Securities: Implications for the U.S. Economy

Date: July 30, 2009
Creator: Morrison, Wayne M. & Labonte, Marc
Description: This report examines the importance to the U.S. economy of China's investment in U.S. securities, as well as U.S. concerns over the possibility that China might unload a large share of those holdings, the likelihood that this would occur, and the potential implications such action could have for the U.S. economy. The report concludes that a large sell-off of Chinese Treasury securities holdings could negatively affect the U.S. economy, at least in the short-run.
Contributing Partner: UNT Libraries Government Documents Department
Accelerated Vehicle Retirement for Fuel Economy: "Cash for Clunkers"

Accelerated Vehicle Retirement for Fuel Economy: "Cash for Clunkers"

Date: August 10, 2009
Creator: Yacobucci, Brent D. & Canis, Bill
Description: This report outlines the key provisions of the Consumer Assistance to Recycle and Save (CARS) program, discusses the initial impact of the program and some of the concerns raised by Senators. It also summarizes similar programs in other countries.
Contributing Partner: UNT Libraries Government Documents Department