The Evolution Of Fiscal Impact Analysis And Where It Needs To Go,
2022
TischlerBise
The Evolution Of Fiscal Impact Analysis And Where It Needs To Go, L. Carson Bise, Colin Mcaweeney
Journal of Comparative Urban Law and Policy
Communities need analytical tools and technical support to assess and balance multiple priorities when making land use and development decisions. For many communities, priorities to be considered regarding land use decisions include resource conservation and climate adaptation, economic development, investing in new versus existing communities, and maintaining fiscal responsibility. This article examines the historical use of fiscal impact analysis and some thoughts on where the field should go in the future.
Economic Opportunity And Community Development Financial Institutions In Clark County, Ar And Beyond: An Analysis,
2022
University of Arkansas, Fayetteville
Economic Opportunity And Community Development Financial Institutions In Clark County, Ar And Beyond: An Analysis, Magdalena Hopkins
Economics Undergraduate Honors Theses
Arkansas is home to one of the greatest projects in the world of Community Development Financial Institutions: Southern Bancorp. Founded with the help and support of Bill Clinton, it pre-dates The Riegle Community Development and Regulatory Improvement Act of 1994, which is now used to fund similar Community Development Financial Institutions. According to the Opportunity Finance Network (2022), there are more than 1,200 Community Development Financial Institutions in the United States. These institutions span the country and operate in unique communities. The CDFI Coalition (2017) cites Arkansas as having 19 Community Development Financial Institutions in the state. It is important …
Essays On Bank Performance, Strategic Behavior, And Community Development With A Focus On Minority Depository Institutions And The Political Economy Of Forgiving Student Loans,
2022
Clemson University
Essays On Bank Performance, Strategic Behavior, And Community Development With A Focus On Minority Depository Institutions And The Political Economy Of Forgiving Student Loans, Guncha Babajanova
All Dissertations
I explore questions related to financial institutions, the accessibility of financial services, community development, and the political economy of forgiving student loans using the ideas from spatial economics, industrial organization, and public choice. Increased access to financial services improves the economic outcomes of individuals and firms in the community. Understanding sources leading to a lower accessibility of financial services is integral for an effective endeavor to lower barriers to financial services with far-reaching policy and economic implications. The economic literature provides evidence of the beneficial effects of increased access to financial services as well as the adverse effects of diminished …
A Black-Scholes User's Guide To The Bachelier Model,
2022
Peking University
A Black-Scholes User's Guide To The Bachelier Model, Jaehyuk Choi, Minsuk Kwak, Chyng Wen Tee, Yumeng Wang
Research Collection Lee Kong Chian School Of Business
To cope with the negative oil futures price caused by the COVID-19 recession, global commodity futures exchanges switched the option model from Black-Scholes to Bachelier in April 2020. This study reviews the literature on Bachelier's pioneering option pricing model and summarizes the practical results on volatility conversion, risk management, stochastic volatility, and barrier options pricing to facilitate the model transition. In particular, using the displaced Black-Scholes model as a model family with the Black-Scholes and Bachelier models as special cases, we not only connect the two models but also present a continuous spectrum of model choices.
Financial Literacy As It Relates To Food Insecurity,
2022
University of Nevada, Las Vegas
Financial Literacy As It Relates To Food Insecurity, Allister C. Dias
Undergraduate Research Symposium Podium Presentations
In reference to individual-level financial literacy: 1. What role does financial literacy play in determining food security? 2. What affect does race/ethnicity play in the likelihood of being food insecure? How does the effect of financial literacy vary across the dimension of race/ethnicity?
Success Factors For Promoting Living Wages In Richmond Virginia,
2022
University of Richmond
Success Factors For Promoting Living Wages In Richmond Virginia, Alison Kent
School of Professional and Continuing Studies Nonprofit Studies Capstone Projects
Advancing living wages helps reduce poverty, enable individuals to realize their full societal potential, and support overall economic growth. In this paper, I describe a research project I undertook in Richmond, Virginia to identify impactful actions that can be taken to promote living wages. I identified the roles of organizations across different sectors and subsectors and how these organizations collaborate to drive living wages. I define the model that has evolved in Richmond, Virginia and I compare it to models employed in other communities. I close by identifying those components which are unique and powerful in the Richmond model and …
The Impact Of Female Leadership On Lgbtq-Supportive Policies,
2022
Bryant University
The Impact Of Female Leadership On Lgbtq-Supportive Policies, Samantha Bove
Honors Projects in Finance
In the past two decades, gender inequality in c-suites has received a large amount of attention. Thus, the number of women in top management roles has increased substantially. However, the corporate sector has also neglected other marginalized groups, specifically, members of the LGBTQ community. These individuals are important employees and previous literature has established the benefits, both financial and otherwise, that the presence of LGBTQ supportive policies have on American corporations. In this paper, I examine if the presence of women CEOs influences the LGBTQ policies that are implemented in that firm. This will be analyzed using an OLS regression …
Application Of A Polynomial Affine Method In Dynamic Portfolio Choice,
2022
The University of Western Ontario
Application Of A Polynomial Affine Method In Dynamic Portfolio Choice, Yichen Zhu
Electronic Thesis and Dissertation Repository
This thesis develops numerical approaches to attain optimal multi-period portfolio strategies in the context of advanced stochastic models within expected utility and mean-variance theories. Unlike common buy-and-hold portfolio strategies, dynamic asset allocation reflects the investment philosophy of a portfolio manager that benefits from the most recent market conditions to rebalance the portfolio accordingly. This enables managers to capture fleeting opportunities in the markets thereby enhancing the portfolio performance. However, the solvability of the dynamic asset allocation problem is often non-analytical, especially when considering a high-dimensional portfolio with advanced models mimicking practical asset's return. To overcome this issue, this thesis presents …
Footballer Valuations: Valuing World-Class Football Players Against Transfer Fees,
2022
Bryant University
Footballer Valuations: Valuing World-Class Football Players Against Transfer Fees, Louis Diblasi
Honors Projects in Economics
This paper aims to create a model to value European football players. It will do so by comparing a player's transfer fee and then measuring their value based on performances in the season after the transfer has occurred. The model will be applied to Europe's top five leagues: the English Premier League, Serie A, La Liga, Ligue 1, and the German Bundesliga. This study takes variables from multiple past studies to be used in the model, and adds a valuation for goalkeepers, which has never been done before. The goal of this study is to measure the variables that contribute …
Does It Pay To Be Good? The Performance Of Indonesian Green Companies From 2009 - 2018,
2022
Universitas Indonesia
Does It Pay To Be Good? The Performance Of Indonesian Green Companies From 2009 - 2018, Ega Annisa Rizti, Berli Martawardaya
Economics and Finance in Indonesia
In Indonesia, KEHATI Sustainable and Responsible Investment (SRI) Index, hereafter referred to as SKI, aims to raise public awareness and help pro-environmental investors by selecting 25 highly rated public companies that adhere to the internationally accepted green business standard. This paper compared the financial performance of the companies listed in SKI and their counterparts between the period of January 2009 and December 2018 by predicting their future opening price of stock, comparing the performance of SKI to JKSE market index, and examining their financial performance using ROA and ROE as dependent variables. The findings suggest that being included in SKI …
The Impact Of Foreign Investment On Firm Performance: Indonesia After The 2007 Fdi Reform,
2022
Universitas Indonesia
The Impact Of Foreign Investment On Firm Performance: Indonesia After The 2007 Fdi Reform, Nauval Hafiluddin, Arianto Arif Patunru
Economics and Finance in Indonesia
Foreign Direct Investment (FDI) plays a crucial role in the economy of Indonesia. The new FDI law passed in 2007 serves as a new milestone in the FDI regime in Indonesia. As the country implements the new regulation, the impact of foreign investment on firm performance becomes an interesting subject. This paper aims to estimate the effect of foreign investment on the productivity and contribution of firms in relation to the new FDI law in Indonesia. This study employed a combination of Propensity Score Matching (PSM) and Difference-in-Differences (DiD) methods to eliminate endogeneity problems and to examine causality. We discover …
Lessons Learned: Steven Rattner,
2022
Yale University
Lessons Learned: Steven Rattner, Mary Anne Chute Lynch
Journal of Financial Crises
Steven Rattner, an investment banker and private equity professional, joined the Obama administration as counselor to the Secretary of the Treasury and head of the Obama administration’s Task Force on the Auto Industry, which was charged with providing aid to Chrysler and General Motors, and later to other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensely throughout 2009 to swiftly negotiate with the corporate leadership, unions, investors, and other stakeholders of the two manufacturers to design an orderly restructuring that would put the companies on a path …
Lessons Learned: Harry Wilson,
2022
Yale University
Lessons Learned: Harry Wilson, Mary Anne Chute Lynch
Journal of Financial Crises
Harry Wilson was one of four senior advisers to the US Department of the Treasury during the Obama administration and served on the President’s Task Force on the Auto Industry, which was established in 2009 and charged with providing aid to General Motors and Chrysler, and later to other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensively throughout 2009 to swiftly negotiate with the corporate leadership, unions, investors, and other stakeholders of the two manufacturers to design an orderly restructuring that would put the companies on a …
Lessons Learned: Mara Mcneill,
2022
Yale University
Lessons Learned: Mara Mcneill, Mary Anne Chute Lynch
Journal of Financial Crises
Mara McNeill was senior counsel to the US Department of the Treasury on the Obama administration’s Automotive Investment Financing Program (AIFP) during the Global Financial Crisis (GFC) of 2007–09. As senior counsel, McNeill was responsible for the department’s $80 billon financing of General Motors, Chrysler, Ally Financial, and Chrysler Financial. She worked with the Auto Team Task Force, the Troubled Assets Relief Program (TARP) legal team, and the Department of Treasury. The bipartisan AIFP team was charged with overseeing the government’s efforts to assist the companies toward a “new lease on life,” while exercising strong financial principles to protect the …
Lessons Learned: Matthew Feldman,
2022
Yale University
Lessons Learned: Matthew Feldman, Mary Anne Chute Lynch
Journal of Financial Crises
Matthew Feldman was the chief legal advisor to the Department of the Treasury on the Obama administration’s Task Force on the Auto Industry, which was established in 2009 and charged with providing aid to Chrysler and General Motors (GM), and later other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensively throughout 2009 to swiftly negotiate with corporate leadership, unions, investors, and other stakeholders of the two manufacturers to design an orderly restructuring that would put the companies on a path to stability. Treasury Secretary Timothy Geithner recognized …
Lessons Learned: Sadiq Malik,
2022
Yale University
Lessons Learned: Sadiq Malik, Mary Anne Chute Lynch
Journal of Financial Crises
Sadiq Malik was a member of the Obama administration’s Task Force on the Auto Industry, which was established in 2009 and charged with providing aid to Chrysler and General Motors, and later to other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensively throughout 2009 to swiftly negotiate with the corporate leadership, unions, investors, and other stakeholders of the two manufacturers, to design an orderly restructuring that would put the companies on a path to stability. Malik, working for the Auto Task Force, helped take General Motors through …
Lessons Learned: Brian Stoker,
2022
Yale School of Management School of Management
Lessons Learned: Brian Stoker, Steven H. Kasoff, Matthew A. Lieber
Journal of Financial Crises
Brian Stoker served in Merrill Lynch’s structured credit division for seven years, producing and trading asset-backed securities (ABS). In 2005, Stoker moved to Citigroup as a director of ABS CDO (collateralized debt obligation) and CLO (collateralized loan obligation) structuring. After the financial crisis, Stoker was an analyst at Carlson Capital for three years. In 2011, he joined StormHarbour Securities, serving as a managing director until 2018. From 2019 to 2021, he was director of securitization at Korth Direct Mortgage. Presently, Stoker is a licensed real estate agent in Miami. This Lessons Learned summary is based on an interview with Stoker.
Lessons Learned: Ron Bloom,
2022
Yale University
Lessons Learned: Ron Bloom, Mary Anne Chute Lynch
Journal of Financial Crises
Ron Bloom served as senior adviser to Secretary of the Treasury Timothy Geithner on President Barack Obama’s Task Force on the Automotive Industry and as assistant to the president for manufacturing policy (2009–2011). As senior adviser on the Auto Task Force team, Bloom helped lead the restructuring of General Motors and Chrysler LLC. Subsequently, he advised the Obama administration with policy development and strategic planning to revitalize the manufacturing sector. Bloom brought to Treasury his unique experience working with organized labor (including the United Steelworkers Union, United Auto Workers, the Teamsters, the Air Line Pilots Association), and in the investment …
Lessons Learned: Eric Kolchinsky,
2022
Yale School of Management School of Management
Lessons Learned: Eric Kolchinsky, Steven H. Kasoff, Matthew A. Lieber
Journal of Financial Crises
Eric Kolchinsky served as managing director of ratings for ABS CDOs (asset-backed security collateralized debt obligations) at Moody’s Investor Services from 2005 to 2007. Kolchinsky started his career in structured finance with stints at Goldman Sachs and Merrill Lynch. He joined Moody’s in 2000 as vice president for credit. In 2007, after Kolchinsky raised questions concerning the ratings of new deals in light of subprime downgrades, Moody’s removed him from his client-facing position. Kolchinsky supervised methodology for structured finance valuations at Moody’s Analytics for two years, before Moody’s suspended him altogether in 2009. Separated from Moody’s, Kolchinsky testified before Congress …
Lessons Learned: Chris Ricciardi,
2022
Yale School of Management
Lessons Learned: Chris Ricciardi, Matthew A. Lieber, Steven H. Kasoff
Journal of Financial Crises
Chris Ricciardi was a CDO pioneer who built the structured products units at CS First Boston and Merrill Lynch before moving to the asset management side. Ricciardi began his career structuring novel fixed-income securities at Prudential. At CS First Boston and Merrill, he catapulted each investment bank’s lagging unit into the top of the league tables for CDO (collateralized debt obligation) issuance. He was CEO of Cohen & Co. from 2006 to 2011, when he left to co-found investment management firm Mead Park Management. A graduate of the University of Richmond with an MBA from the Wharton School of the …
