NMSU Business Outlook: November 2010

Influence of Large Banks on Bank Industry Risk

Harikumar Sankaran, New Mexico State University and Manish Saxena, Sanda Investment Group of Wells Fargo Advisors

Systemic risk refers to the risk that the financial system will suffer losses, thereby imposing losses on investors. It involves the correlation among several parts of the financial system, so that losses in one element imply losses in other elements. In banking, systemic risk is manifested by high correlation and clustering of bank distress or bank failures in a single country or internationally.

Complete Article: Influence of Large Banks on Bank Industry Risk

Issuing Drivers Licenses to Undocumented Immigrants: Does It Reduce the Percentage of Uninsured Motorists?

Tim Query, New Mexico State University

In 2003, Governor Bill Richardson signed legislation to allow people who are in this country unlawfully to obtain a New Mexico driver’s license. Proponents argue that this policy reduces the number of uninsured motorists. However, preliminary investigation of uninsured motorist rates finds evidence for this argument is mixed at best.

Complete Article: Issuing Drivers Licenses to Undocumented Immigrants: Does It Reduce the Percentage of Uninsured Motorists?

Talking Points

Christopher A. Erickson and James Libbin

Complete Article: Talking Points


This entry was posted in News and tagged , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.