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Broken Nest: Deterring China From Invading Taiwan, Jared M. McKinney, Peter Harris 2021 US Army War College

Broken Nest: Deterring China From Invading Taiwan, Jared M. Mckinney, Peter Harris

The US Army War College Quarterly: Parameters

Deterring a Chinese invasion of Taiwan without recklessly threatening a great-power war is both possible and necessary through a tailored deterrence package that goes beyond either fighting over Taiwan or abandoning it. This article joins cutting-edge understandings of deterrence with empirical evidence of Chinese strategic thinking and culture to build such a strategy.


Danish Capital Injections Scheme 2009 (Dk Gfc), Priya Sankar 2021 Yale Program on Financial Stability

Danish Capital Injections Scheme 2009 (Dk Gfc), Priya Sankar

The Journal of Financial Crises

Both the international financial system and Denmark were experiencing challenges in 2007 and 2008, and they came to a head in Denmark when Roskilde Bank experienced liquidity pressures in June 2008. As it became clear that Roskilde Bank was insolvent and no private solutions would be found, and as the global financial crisis worsened leading to the bankruptcy of Lehman Brothers, the Danish government decided to take stronger action. To ensure the short-term survival of Roskilde Bank, the national bank issued a non-limited credit facility. After it passed a deposit guarantee scheme in 2008 and established a Financial Stability Company ...


Absolute Impunity: On The Legacies Of 9/11 & The Policies Of The War On/Of Terror, Bryant William Sculos 2021 The University of Texas Rio Grande Valley

Absolute Impunity: On The Legacies Of 9/11 & The Policies Of The War On/Of Terror, Bryant William Sculos

Class, Race and Corporate Power

It has been a little over twenty years since the attacks of September 11, 2001, and thus we are also going to be coming up on twentieth anniversaries of some of the most heinous restrictions on civil liberties in US history (though there is a lot of competition) and the twentieth anniversaries of instance after instance of unjustifiable atrocities committed in the name of the Stars and Stripes. Through autoethnographic reflection in conversation with Netflix’s Turning Point: 9/11 and the War on Terror (2021) and Spencer Ackerman’s Reign of Terror: How the 9/11 Era Destabilized America ...


The Runaway Presidential Power Over Diplomacy, Jean Galbraith 2021 University of Pennsylvania Carey Law School

The Runaway Presidential Power Over Diplomacy, Jean Galbraith

Faculty Scholarship at Penn Law

The President claims exclusive control over diplomacy within our constitutional system. Relying on this claim, executive branch lawyers repeatedly reject congressional mandates regarding international engagement. In their view, Congress cannot specify what the policy of the United States is with respect to foreign corruption, cannot bar a technology-focused agency from communicating with China, cannot impose notice requirements for withdrawal from a treaty with Russia, cannot instruct Treasury officials how to vote in the World Bank, and cannot require the disclosure of a trade-related report. And these are just a few of many examples from recent years. The President’s assertedly ...


Time To Throw Away The Old Economic Development Playbook, Hrishue Mahalaha 2021 Innovation Economy Partners

Time To Throw Away The Old Economic Development Playbook, Hrishue Mahalaha

eJournal of Public Affairs

Rural communities are struggling to establish a sound economic footing in the age of globalization. The article suggests that community leaders consider a more expansive view on how to recraft a community north star. Based on the work that the author has conducted over the last 5 years in various rural communities in Missouri, the article also summarizes a set of key learnings and practical steps that local leaders can take to catalyze positive change.


U.S. Policing As Racialized Violence And Control: A Qualitative Assessment Of Black Narratives From Ferguson, Missouri, Jason M. Williams 2021 Montclair State University

U.S. Policing As Racialized Violence And Control: A Qualitative Assessment Of Black Narratives From Ferguson, Missouri, Jason M. Williams

Department of Justice Studies Faculty Scholarship and Creative Works

U.S. policing has long been captured within a master narrative of colorblind consensus; however, distinct lived experiences between community groups depict grave disparities in law enforcement experiences and perceptions. Orthodox conceptions of law enforcement ultimately silence marginalized voices disproportionately affected by negative contacts with law enforcement. Centering data in critical theory, this study will present thematic results from semi-interviews gathered in Ferguson, M.O., during a critical ethnographic research project. Themes reveal experiences and perceptions of racialized and violent policing, the unique position of Black officers, and regard for the impact police have on children. Results also help to ...


Manumission In Virginia: The Anti-Slavery Legacy Of John Lynch, Stephen Langeland 2021 Liberty University

Manumission In Virginia: The Anti-Slavery Legacy Of John Lynch, Stephen Langeland

Liberty University Journal of Statesmanship & Public Policy

This paper is in no way an apology for the institution of slavery in any form. In fact, it is a reiteration of Biblical doctrine and natural rights philosophy that posit all humans are created equal. The institution of slavery knew few bounds throughout recorded history and was as ubiquitous and durable as the activities of marriage or warfare, practiced by every culture and religion (Drescher 2009, 7-8, 12-39). Biblical text is devoid of specific prohibition against slavery, a fact sadly used as justification for its continuation. The Quakers, however, were one of the few religious groups who invoked Scriptural ...


Covid-19 Lockdowns Are Central Planning, Stephen Langeland 2021 Liberty University

Covid-19 Lockdowns Are Central Planning, Stephen Langeland

Liberty University Journal of Statesmanship & Public Policy

The panic surrounding the COVID-19 pandemic led politicians to implement lockdowns and issue “stay-at-home” orders that follow in a long line of government attempts over the past century at economic central planning. With only a few notable exceptions among the several states, elected officials and bureaucrats seized on emergency powers afforded them by the onset of the novel coronavirus. In mid-March 2020 the publishing of the now infamous epidemiological models gave governments the sensational information they needed to get the wheels of government planners turning. The present government-induced crisis once again demonstrates that the intellectuals of the ruling class responsible ...


Creation Of Telangana: A Case For A Better Governed Smaller State, Richa Bhavik Shah, Pavan Kumar, Mitalee Mohan Varadpande, Shambhavi Singh, Abhijat Abhyankar 2021 National Institute for Construction Management and Research

Creation Of Telangana: A Case For A Better Governed Smaller State, Richa Bhavik Shah, Pavan Kumar, Mitalee Mohan Varadpande, Shambhavi Singh, Abhijat Abhyankar

Journal of Emerging Technologies and Business Management

Over the period of British rule in India, it consisted of provinces under the British government while the princely states were governed by local kings. India witnessed a surge in the formation of states over the period since 1947. The smaller division of states had an immense effect on the country’s overall dynamics. Andhra Pradesh was the first state to be separated on basis of linguistic factors leading to similar demands from throughout the country. In this paper we have carried out the detail study of formation and development of Andhra Pradesh since 1953, highlighting the reasons for demand ...


Crisis Management Lessons From The Clinton Administration's Implementation Of Presidential Decision Directive 56, Leonard R. Hawley 2021 US Army War College

Crisis Management Lessons From The Clinton Administration's Implementation Of Presidential Decision Directive 56, Leonard R. Hawley

The US Army War College Quarterly: Parameters

Drawing on personal experience, the author asks what the current administration can learn from the Clinton administration’s implementation of Presidential Decision Directive 56, examines the real-world application of the directive during the Clinton administration and the pitfalls of its agency-centric successor during the Bush administration, and identifies recurring problems and best practices for successfully responding to current global crises.


Herbert Hovenkamp As Antitrust Oracle: Appreciating The Overlooked Contributions Of The New Harvard School, Christopher S. Yoo 2021 University of Pennsylvania Carey Law School

Herbert Hovenkamp As Antitrust Oracle: Appreciating The Overlooked Contributions Of The New Harvard School, Christopher S. Yoo

Faculty Scholarship at Penn Law

My colleague, Herbert Hovenkamp, is almost universally recognized as the most cited and the most authoritative US antitrust scholar. Among his many honors, his status as the senior author of the authoritative Areeda and Hovenkamp treatise makes him the unquestioned leader of the New Harvard School, which has long served as the bellwether for how courts are likely to resolve emerging issues in modern antitrust doctrine. Unfortunately, its defining tenets and its positions on emerging issues remain surprisingly obscure. My contribution to this festschrift explores the core commitments that distinguish the New Harvard School from other approaches to antitrust. It ...


The People Of The Pla 2.0, Roy Kamphausen Mr. 2021 US Army War College

The People Of The Pla 2.0, Roy Kamphausen Mr.

Monographs, Books, & Publications

The 27th annual People’s Liberation Army (PLA) Conference—“The People in the PLA” 2.0—revisited a theme first explored at the 2006 conference but understudied since. This volume examines how the structure, education, training, and recruitment of PLA personnel have changed in the last decade and in the Xi Jinping era.

Structural changes in the PLA have centered around two poles: improving the warfighting readiness of the PLA and strengthening Communist Party of China (CPC) control of the PLA. Reforms to the political work system, the evolution of the Second Artillery into the Rocket Force, and expansion of ...


A Lifeline For Millions: American Relief In An Age Of Isolationism, Matteo Marsella 2021 California Polytechnic State University, San Luis Obispo

A Lifeline For Millions: American Relief In An Age Of Isolationism, Matteo Marsella

The Forum: Journal of History

American military involvement in the Great War is a widely discussed aspect of the conflict. The period following the war is often considered an example of American isolationist foreign policy. Lesser well known are American efforts to provide food relief to starving populations in Europe, which began during and continued well after the war's conclusion. This paper seeks to locate American relief efforts within broader postwar foreign policy. Although President Harding’s 1920 election victory on a platform of a “return to normalcy” is often construed as a rejection of Wilsonian internationalism and a return to prewar isolationism, there ...


Hungary: Magyar Reorganizációs És Követeléskezelő Zrt (Mark Zrt.), Mallory Dreyer 2021 Yale University

Hungary: Magyar Reorganizációs És Követeléskezelő Zrt (Mark Zrt.), Mallory Dreyer

The Journal of Financial Crises

Hungary saw a surge in commercial real estate (CRE) lending prior to the Global Financial Crisis. By 2014, the banking sector was saddled with a high ratio of nonperforming CRE loans and repossessed property, though Hungarian banks remained solvent with high capital adequacy ratios. The central bank of Hungary, the MNB, announced the creation of an asset management company, Magyar Reorganizációs és Követeléskezelő Zrt. (MARK), to purchase nonperforming CRE assets from Hungarian banks on a voluntary basis, to clear their balance sheets and allow for increased lending. MARK was fully-owned by the MNB, which provided MARK’s share capital and ...


Spain: Sociedad De Gestión De Activos Procedentes De La Reestructuración Bancaria (Sareb), David Tam, Sean Fulmer 2021 Yale Program on Financial Stability

Spain: Sociedad De Gestión De Activos Procedentes De La Reestructuración Bancaria (Sareb), David Tam, Sean Fulmer

The Journal of Financial Crises

In the wake of the Global Financial Crisis, the Spanish real estate market struggled to recover, which posed significant issues for savings banks that had an outsized exposure to the real estate sector. The Spanish government created Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria (SAREB) in 2012 to buy impaired real estate assets from troubled banks and sell them over a 15-year period using funds from an up to €100 billion ($123 billion) loan from the European Financial Stability Facility. Its mandate was “to help clean up the Spanish financial sector and, in particular, the banks that ...


United Kingdom Asset Resolution Limited (Ukar), Aidan Lawson 2021 Yale University

United Kingdom Asset Resolution Limited (Ukar), Aidan Lawson

The Journal of Financial Crises

As the Global Financial Crisis began to unfold, the United Kingdom (UK) saw two of its largest mortgage lenders in Bradford & Bingley (B&B) and Northern Rock begin to weaken dramatically under the pressure that housing and financial markets were facing. Northern Rock and B&B both faced severe funding problems due to a worsening global credit crunch and both would be nationalized in 2008. Despite this effort, the crisis continued to worsen globally, and the UK government created UK Asset Resolution Limited (UKAR) on October 1, 2010. This organization’s goal was to wind down and maximize the return ...


Asset Management Corporation Of Nigeria (Amcon): Asset Management, Pascal Ungersboeck, Corey N. Runkel 2021 Yale University

Asset Management Corporation Of Nigeria (Amcon): Asset Management, Pascal Ungersboeck, Corey N. Runkel

The Journal of Financial Crises

Nigeria experienced the Global Financial Crisis as a dramatic decline in the price of crude oil and a burst stock market bubble. These losses were compounded by a high level of margin lending, resulting in large numbers of nonperforming loans (NPLs) for Nigerian banks. The government established the Asset Management Corporation of Nigeria (AMCON) in July 2010 to purchase NPLs and inject capital in insolvent banks. In three purchases between December 2010 and December 2011, AMCON acquired loans with face value ₦4.02 trillion ($26.8 billion) for ₦1.76 trillion. As a result, NPLs in Nigerian banks fell from ...


Colombia: Central De Inversiones Sa (Cisa), Lily S. Engbith, Manuel Leon Hoyos 2021 Yale University

Colombia: Central De Inversiones Sa (Cisa), Lily S. Engbith, Manuel Leon Hoyos

The Journal of Financial Crises

Colombia began 1999 amidst a deep recession, caused in part by financial and trade sector liberalization and exacerbated by an unexpectedly sudden appreciation of the peso. Nonperforming loans (NPLs) amounted to more than 14% of total loans, up from 8% in 1998. Colombian authorities thus decided to implement a three-year economic recovery program in late 1999. As part of the government’s strategy, banks slated for recapitalization were compelled to transfer or write off their NPL portfolios to Central de Inversiones SA (CISA), a public special purpose vehicle acquired by the deposit guarantee fund Fogafín in September 2000 for the ...


China: 1999 Asset Management Corporations, Lily S. Engbith 2021 Yale University

China: 1999 Asset Management Corporations, Lily S. Engbith

The Journal of Financial Crises

Chinese financial authorities began to liberalize their economy in the 1970s, though it would take two more decades to realize a solution to the massive non-performing loan (NPL) problem faced by state-owned commercial banks (SOCBs). In order to remove and dispose of bad assets left over from the policy-lending era of the former command economy, the State Council created four public asset management corporations (AMCs) between April and October of 1999. The AMCs, under the administration of the Ministry of Finance, were responsible for the acquisition, management, and disposal of NPLs from their assigned state-owned commercial bank. In addition to ...


Malaysia: Pengurusan Danaharta Nasional Berhad, Mallory Dreyer 2021 Yale University

Malaysia: Pengurusan Danaharta Nasional Berhad, Mallory Dreyer

The Journal of Financial Crises

After the devaluation of the Thai baht in 1997, the Malaysian economy experienced turmoil and a financial crisis. As part of the government’s response to the financial crisis, it established Danaharta, a national asset management company, alongside a recapitalization agency, Danamodal, and a debt restructuring body, the CDRC, to address instability in the financial system. The government established Danaharta with the purpose of removing nonperforming loans from the financial system and maximizing their recovery. The Danaharta Act granted the agency special legal authority to more efficiently resolve NPLs. Danaharta received funding from the government and issued zero-coupon, government guaranteed ...


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