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Full-Text Articles in International Economics

The Primary Dealer Credit Facility (Pdcf) (U.S. Gfc), Karen Yang Oct 2020

The Primary Dealer Credit Facility (Pdcf) (U.S. Gfc), Karen Yang

Journal of Financial Crises

On March 16, 2008, the Federal Reserve created the Primary Dealer Credit Facility, or PDCF, to provide overnight funding to primary dealers in the tri-party repurchase agreement (repo) market, where lenders had become increasingly risk averse. Loans were fully secured by (initially) investment-grade securities and offered at the primary credit rate by the Federal Reserve Bank of New York. The eligible collateral was significantly expanded in September 2008, after rumors of Lehman Brothers potentially filing for bankruptcy, to include all of the types of instruments that could be pledged at the two major tri-party repo clearing banks. The PDCF was …


Miamian Meets Mariel Boatlift Refugees: A Reevaluation Of The Effect Of The Mariel Boatlift, Derrick Lee Aug 2020

Miamian Meets Mariel Boatlift Refugees: A Reevaluation Of The Effect Of The Mariel Boatlift, Derrick Lee

Theses and Dissertations

In the 1980s, a boatlift brought 125,000 Cuban refugees to Miami, known as the Mariel Boatlift. Using data from David Roodman’s blog and from National Bureau Economic Research and the synthetic control method, I examine the effect of the Mariel Boatlift on low-educated female non-Hispanic ages 18-65’s wages. The results suggest there is little to no effect of the Mariel Boatlift on the wages of low-educated female non-Hispanic aged 18-65.


The Past And The Present: Two Paradigms Of The Sino-African Investment, Emma Weirich Jun 2020

The Past And The Present: Two Paradigms Of The Sino-African Investment, Emma Weirich

International Political Economy Theses

Outward foreign direct investment (OFDI) has obvious economic and political connections between the recipient and donor countries. Such investment can benefit both sides and carry certain costs to both, whether through global scrutiny or domestic struggles. This these seeks to add to the ongoing discussion of China's OFDI to Africa by comparing China's investment during its socialist period (1949-1976) and its post-socialist era (1977 – present). This comparison reveals that China's foreign policy has transitioned from a socialist paradigm to a capitalist one in the last seven decades, which brought significant changes in its OFDI policies and practice. In the …


Contemporary High-Skilled Mexican Immigrant Entrepreneurs In Texas, Elizabeth Salamanca, Jorge Alcaraz Jun 2020

Contemporary High-Skilled Mexican Immigrant Entrepreneurs In Texas, Elizabeth Salamanca, Jorge Alcaraz

Mission Foods Texas-Mexico Center Research

The number of Mexican entrepreneurs relocating to the United States has significantly increased during the last decade and their profile, as well as that of their businesses, have changed. This study develops a typology of Mexican migrant entrepreneurs living in the U.S., particularly in Texas, and of the business ventures that they undertake, and it determines the association between the entrepreneurs' profile and the kind of businesses they create. Through the analysis of migrant entrepreneurs' profiles, this paper identifies in what kind of transnational activities these entrepreneurs participate. The research follows both a qualitative approach based on the Gioia methodology …