Economic History Commons^™

The Role Of Inflation In Soviet History: Prices, Living Standards, And Political Change, Steven M. Efremov

Electronic Theses and Dissertations

This thesis discusses the interaction between inflation, living standards, and political change in Soviet/Russian history. It traces the establishment and evolution of the Soviet monetary system, inflationary episodes, and their consequences. The goal of this study is to show how inflation affects the lives of ordinary people and how it has contributed to larger changes in Soviet history. Sources include economic statistics and analysis from articles and monographs, as well as first-hand accounts from interviews and newspapers. The results show that inflation was a factor in both the rise and the fall of the Soviet Union. Russia's first hyperinflation (1917-1923) …

The Lehman Brothers Bankruptcy A: Overview, Rosalind Z. Wiggins, Thomas Piontek, Andrew Metrick

Journal of Financial Crises

On September 15, 2008, Lehman Brothers Holdings, Inc., the fourth-largest U.S. investment bank, sought Chapter 11 protection, initiating the largest bankruptcy proceeding in U.S. history. The demise of the 164-year old firm was a seminal event in the global financial crisis. Under the direction of its long-time Chief Executive Officer Richard Fuld, Lehman had been very successful pursuing a high-leverage, high-risk business model that required it to daily raise billions of dollars to fund its operations. Beginning in 2006, Lehman began to invest aggressively in real-estate-related assets and soon had significant exposures to housing and subprime mortgages, just as these …

Basel Iii D: Swiss Finish To Basel Iii, Christian M. Mcnamara, Natalia Tente, Andrew Metrick

Journal of Financial Crises

After the Basel Committee on Banking Supervision (BCBS) introduced the Basel III framework in 2010, individual countries confronted the question of how best to implement the framework given their unique circumstances. Switzerland, with a banking industry that is both heavily concentrated and very large relative to the size of its overall economy, faced a special challenge. It ultimately adopted what is sometimes referred to as the “Swiss Finish” to Basel III—enhanced requirements applicable to Switzerland’s “too-big-to-fail” banks Credit Suisse and UBS that go beyond the base requirements established by the BCBS. Yet the prominent role played by relatively new contingent …

The Rise And Fall Of The Zaibatsu: Japan's Industrial And Economic Modernization, David A. C. Addicott

Global Tides

Throughout the past century, the rise and fall of the zaibatsu and the operations of their direct successors has not only shaped Japan’s economic and financial landscape but also has been instrumental in the modernization of the world economy. Many of these corporations traced their roots to Japan’s premodern era, and were directly responsible for the transformation of a nation of rice farmers into an industrial powerhouse in the years prior to World War II. Following Japan’s defeat, these monopolistic corporations were dismantled by the Keynesian economists of the Allied occupation and were reorganized into the keiretsu system, which exists …

The Lehman Brothers Bankruptcy D: The Role Of Ernst & Young, Rosalind Z. Wiggins, Rosalind L. Bennett, Andrew Metrick

Journal of Financial Crises

For many years prior to its demise, Lehman Brothers employed Ernst & Young (EY) as the firm’s independent auditors to review its financial statements and express an opinion as to whether they fairly represented the company’s financial position. EY was supposed to try to detect fraud, determine whether a matter should be publicly disclosed, and communicate certain issues to Lehman’s Board audit committee. After Lehman filed for bankruptcy, it was discovered that the firm had employed questionable accounting with regard to an unorthodox financing transaction, Repo 105, which it used to make its results appear better than they were. EY …

5. The Democracies Between The Wars (1919-1939), Robert L. Bloom, Basil L. Crapster, Harold L. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart

Section XVIII: The Western World in the Twentieth Century: The Historical Setting

At first glance, the events of World War I seemed to be a triumphant vindication of the spirit of 1848. It was the leading democratic great powers - Britain, France, and the United States - who had emerged the victors. In the political reconstruction of Europe, republics had replaces many monarchies. West of Russia, new and apparently democratic constitutions were established in Germany, Poland, Finland, Estonia, Latvia, Lithuania, Czechoslovakia, Austria, Hungary, and Yugoslavia. Yet the sad truth was that by the outbreak of World War II in 1939 the majority of the once democratic states of central and eastern Europe …

Jpmorgan Chase London Whale A: Risky Business, Arwin G. Zeissler, Daisuke Ikeda, Andrew Metrick

Journal of Financial Crises

In December 2011, the Chief Executive Officer and Chief Financial Officer of JPMorgan Chase (JPM) instructed the bank’s Chief Investment Office to reduce the size of its Synthetic Credit Portfolio (SCP) during 2012, so that JPM could decrease its RiskWeighted Assets as the bank prepared to adopt the impending Basel III bank capital regulations. However, the SCP traders were also told to minimize the trading costs incurred to reduce Risk-Weighted Assets, while still maintaining the opportunity to profit from unexpected corporate bankruptcies. In an attempt to balance these competing objectives, head SCP derivatives trader Bruno Iksil suggested in January 2012 …

Estudios Críticos Sobre La Economía Boliviana, Melvin Burke

School of Economics Faculty Scholarship

Land reform and its effect on production and productivity in the region of Lake Titicaca. Land reform in the region of Lake Titicaca. The private sector in the Bolivian economy and the need for credit. From national corporatism national populism (the case of Bolivia, 1952-1970).

The Role Of Imf Austerity Policy In Causing The Jamaican Financial Crisis Of The 1990s, Adrian J. Brown

Honors Program in History (Senior Honors Theses)

This thesis examines the Jamaican financial crisis which began in the mid-1990s and lasted until approximately the turn of the 21^st century. It explores the role of Jamaica’s longer-term economic trajectory in causing the crisis – specifically, its relationship with the International Monetary Fund and the World Bank. After experiencing a balance of payments crisis in 1977, Jamaica sought financial assistance from the IMF. The policies implemented as part of this assistance program wreaked economic havoc in Jamaica and led the government to implement policies that ultimately resulted in the collapse of Jamaica’s financial sector. Scholars over time have …

March 2016, Dominant Industries In Rust Belt Cities In 1950

DePaul Map of the Month

Corey J Shupp devised this map in GEO 241-GIS in Fall 2015. His goal was to discover the historically dominant industries in American cities and synthesize his findings into a map. Before international trade and economic globalization developed over the last 50 years, it was widely known as common sense that certain industries defined many American cities, for example, Detroit as “The Motor City”. Corey studied the industrial revolution and the economic effects of World War Two, to learn the dominant industries in the “rust belt” or “manufacturing belt” in the 1950s, the peak of American industry.

This map, specifically, …