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Precarious Paradise: The Financial Well-Being Of Hispanic Immigrant Day Laborers In Malibu, Luisa Blanco, Lila M. Carlsen, Daniel R. Morrison, George Carlsen, Ashley Chaparro, Erick Molina
Precarious Paradise: The Financial Well-Being Of Hispanic Immigrant Day Laborers In Malibu, Luisa Blanco, Lila M. Carlsen, Daniel R. Morrison, George Carlsen, Ashley Chaparro, Erick Molina
Lila McDowell Carlsen
Using a mixed method approach we conducted a study consisting of written surveys, focus groups, and individual interviews with 58 men and women who were seeking employment through the Malibu Community Labor Exchange (MCLE) at the time of the study and were predominantly Hispanic immigrants. A central aim of this study is to develop an understanding of how Spanish-speaking Hispanic immigrant day laborers have fared financially in the aftermath of the economic crisis of 2007-2008. We find in our study that weak labor market conditions and intersecting inequities have led to job insecurity, job scarcity, and wage stagnation among workers …
Liquidity Policies And Financial Fragility, Danilo Lopomo Beteto Wegner
Liquidity Policies And Financial Fragility, Danilo Lopomo Beteto Wegner
Danilo Lopomo Beteto Wegner
This paper proposes an endogenous model of the formation of financial networks, where government and central bank policies that aim at enhancing market liquidity play a key role. Under these policies, large and less liquid investments become more profitable, but to finance them banks need to resort to the interbank market. This makes the structure of the financial network - and its associated exposure to shocks, i.e., fragility - to be dependent on liquidity policies chosen by the government and central bank. It is shown that, despite increasing the capitalization of the banking system, policies that enhance liquidity can make …