This article does not address specific capital proposalsnor does it suggest specific new requirements. Theframework it provides, however, has implications for possiblefuture refinements in the supervisory approach to capitalrequirements.[...]

In both Britain and the United States, people have been moving awayfrom the inner cities to suburban developments, often leaving behindconcentrations of poverty and decaying neighbourhoods. Anne Power’spaper focuses on the British situation. As Britain comes to terms with theimplications of...

The housing system is intrinsically linked to almost every major area of government policy fromthe economy and taxation to the environment and education. It is driven by a huge range offactors from the behaviour of individuals to global economic forces. It is also in most casesthe greatest asset...

Trafford Hall offers training, support and pump-priming grants to residents andvolunteers in low income communities to help them tackle local problems within theircommunities. Since 1994 when the Centre opened, around 70,000 participants have beenon residential courses leading to action plans...

We combine national administrative data on earnings and participation in subsidized housing to study how the demolition of 160 public housing projects--funded by the HOPE VI program--affected the adult labor market outcomes for 18,500 children. Our empirical strategy compares children exposed to...

A growing number of surveys elicit respondents' expectations for future events on a 0-100 scale of percent chance. These data reveal substantial heaping at multiples of 10 and 5 percent, suggesting that respondents round their reports. This paper studies the nature of rounding by analyzing...

Natural-resource taxation and investment exhibit cycles in a vast number of countries, driving political turmoil and power shifts. Using a rational-expectations model, we show cycles result from governments' inability to commit to future taxes and firms' inability to credibly exit a country...

The invention of new applications based on information and communications technologies (ICTs) has had two economic effects up to now. These applications have transformed production, creating value for applications-inventing companies and their customers and increasing economic growth through...

Online advertising offers unprecedented opportunities for measurement. A host of new metrics, clicks being the leading example, have become widespread in advertising science. New data and experimentation platforms open the door for firms and researchers to measure true causal effects of...

It has long been accepted that lack of social participation in wider society is oneaspect or one definition of poverty. Current concerns with the extent anddistribution of social capital as both a measure of a good society and as meansto upward mobility also emphasise the importance of social...