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Cross-Border Real Estate, Timur Bondaryev, Tetiana Storozhuk, Anton Rekun Apr 2025

Cross-Border Real Estate, Timur Bondaryev, Tetiana Storozhuk, Anton Rekun

The Year in Review

No abstract provided.


South Asia/Oceania & India, Kavita Mohan, Amy Tolbert Harris, Aseem Chawla, Sumit Khadaria, Austin J. Pierce, Namrata Patodia Rastogi, Sanjay Notani, Arunabh Choudhary, Aditi Joshi, Amit Gupta, Mansi Kukreja, Vidhi Goel, Ronjini Ray Apr 2025

South Asia/Oceania & India, Kavita Mohan, Amy Tolbert Harris, Aseem Chawla, Sumit Khadaria, Austin J. Pierce, Namrata Patodia Rastogi, Sanjay Notani, Arunabh Choudhary, Aditi Joshi, Amit Gupta, Mansi Kukreja, Vidhi Goel, Ronjini Ray

The Year in Review

No abstract provided.


China, Gary J. Gao, Ronnia Zheng, Yanling Zheng, Li Wang Apr 2025

China, Gary J. Gao, Ronnia Zheng, Yanling Zheng, Li Wang

The Year in Review

No abstract provided.


Mexico, Kelsey Quigley, Christopher Munoz, Cesar Conde, John Walsh, Sara Maldonado, Judith Wilson, Pedro Fernando González Maldonado, Estefania Díaz González, Bruce Greenberg, Mariano Carrizo, Karen Andrea Ortega Cajiga, Vanessa Romero-Rocha, Susan Burns, Rene Alva, Ernesto Velarde Apr 2025

Mexico, Kelsey Quigley, Christopher Munoz, Cesar Conde, John Walsh, Sara Maldonado, Judith Wilson, Pedro Fernando González Maldonado, Estefania Díaz González, Bruce Greenberg, Mariano Carrizo, Karen Andrea Ortega Cajiga, Vanessa Romero-Rocha, Susan Burns, Rene Alva, Ernesto Velarde

The Year in Review

No abstract provided.


Canada, Jordan Goodman, Jeremiah Kopp, Julia Webster, Sam Levy, Jacob Mantle, Ashley Paterson, Tim Heneghan, Ramneet Sierra, H. Scott Fairley, Margarita Dvorkina, Adam Mauntah, Jacqueline Bart, Daniel O.W. Smith Apr 2025

Canada, Jordan Goodman, Jeremiah Kopp, Julia Webster, Sam Levy, Jacob Mantle, Ashley Paterson, Tim Heneghan, Ramneet Sierra, H. Scott Fairley, Margarita Dvorkina, Adam Mauntah, Jacqueline Bart, Daniel O.W. Smith

The Year in Review

No abstract provided.


Introduction, Jason S. Palmer, Kimberly Y.W. Holst Apr 2025

Introduction, Jason S. Palmer, Kimberly Y.W. Holst

The Year in Review

No abstract provided.


Front Matter Apr 2025

Front Matter

The Year in Review

No abstract provided.


Elder Fraud Metrics And Preventative Measures Of Chesapeake, Virginia, Joey J. Whitmore Jr. Apr 2025

Elder Fraud Metrics And Preventative Measures Of Chesapeake, Virginia, Joey J. Whitmore Jr.

Cybersecurity Undergraduate Research Showcase

Geriatric crime continues to escalate in the digital era, where older individuals are disproportionately being targeted because of their low digital literacy and high susceptibility to online frauds. In this paper, we examine the breadth of elder fraud in Chesapeake, Virginia using FBI Internet Crime Complaint Center (IC3) data and state-level cybersecurity initiatives and survey responses. Older adults aged 60 and up have reported losses of over $3.4 billion in 2023 alone, underscoring the importance of proactive measures. It assesses the public awareness from traditional and AI-based perspectives revealing significant gaps in digital safety literacy and fraud reporting mechanism among …


The Impact Of Counterman V. Colorado On Stalking Prosecutions In Idaho, Stephanie Wodnik Apr 2025

The Impact Of Counterman V. Colorado On Stalking Prosecutions In Idaho, Stephanie Wodnik

Idaho Law Review

This Note reflects on the recent United States Supreme Court decision in Counterman v. Colorado, which held that in order to find liability for true threat crimes the state or plaintiff must prove the defendant’s subjective intent to threaten the recipient. The holding creates a new, additional burden on the movant to prove intent, where before, the majority of state and circuit courts only required an objective, reasonable person standard to prove intent in true threat cases. Idaho, being one of the states that previously used a reasonable person standard in prosecuting true threats, is affected by this holding …


Human Trafficking In Idaho: A Growing Issue And How Idaho Law Can Be More Effective, Blaykleigh Smythe Apr 2025

Human Trafficking In Idaho: A Growing Issue And How Idaho Law Can Be More Effective, Blaykleigh Smythe

Idaho Law Review

Human trafficking has been a national problem since the beginning of the nation’s history and has created millions of victims and threatened the safety and freedom of our country. Since 2000, when the first comprehensive federal law to address human trafficking was passed, states have followed suit and passed their own versions of trafficking statutes. Many states have also recognized the growth of the problem and reformed their legislation to respond and provide resources for victims more effectively. This article discusses the importance of state legislation against human trafficking and analyzes Idaho’s own statute in comparison to other states. The …


We Can Protect The “Waters Of The United States” As Long As They Stay Out Of The Hydrological Cycle, Victoria Sutton Apr 2025

We Can Protect The “Waters Of The United States” As Long As They Stay Out Of The Hydrological Cycle, Victoria Sutton

Idaho Law Review

The water cycle, including its oceans, surface water, wetlands, water vapor, clouds and groundwater, has resulted in a patchwork of statutes and regulations that fail to comprehensively protect the “waters of the United States.” This is not a simple "fix," and requires Congressional positivism rather than decades of relying on the judicial branch to resolve statutes that are ultimately not designed for true water protection. It is Congress’s role to resolve the wetlands protection issue, and it has avoided the responsibility probably for lack of a good solution. It would likely take a Constitutional amendment to bring the hydrologic cycle …


The Case Against The Business Case For Gender Quotas On Boards Of Public Companies, Raluca Papadima Apr 2025

The Case Against The Business Case For Gender Quotas On Boards Of Public Companies, Raluca Papadima

Idaho Law Review

No abstract provided.


Restoring The Public Interest Component Of The Prior Appropriation Doctrine In Conjunctive Management Of The Eastern Snake Plain Aquifer, Thomas J. Budge Apr 2025

Restoring The Public Interest Component Of The Prior Appropriation Doctrine In Conjunctive Management Of The Eastern Snake Plain Aquifer, Thomas J. Budge

Idaho Law Review

No abstract provided.


Stress And Public Criminal Defense: Comparing Male And Female Defender Experiences And Coping Strategies, Alisa M. Smith Apr 2025

Stress And Public Criminal Defense: Comparing Male And Female Defender Experiences And Coping Strategies, Alisa M. Smith

Idaho Law Review

Little research has focused on stress and coping strategies among public defenders, and none compares the experiences of male and female defenders. As frontline workers, critical to the due process of law, understanding and eradicating stress is essential to their well-being and the fair treatment of defendants. Employing thematic analysis of public defenders’ responses to open-ended questions, this study found gendered differences in how male and female defenders described their work motivations, challenges, and strategies for dealing with stress. Both male and female public defenders confront the stresses of injustice and heavy workloads. Female defenders, however, are more likely to …


Lessons Learned: Fabrizio López-Gallo, Mercedes Cardona Apr 2025

Lessons Learned: Fabrizio López-Gallo, Mercedes Cardona

Journal of Financial Crises

Fabrizio López-Gallo served as the Bank of Mexico’s director general of financial stability during the COVID-19 pandemic, having been financial sector specialist and risk analysis and special projects manager for the central bank during the 2007–09 Global Financial Crisis (GFC). The Mexican government declared a health emergency at the outbreak of the pandemic and implemented a general economic shutdown. The Bank of Mexico intervened by cutting rates and initiating extraordinary measures, such as adding bond swaps and loosening rules for minimum deposits at commercial banks to provide liquidity. It gave flexibility to commercial banks to grant forbearance on mortgage payments …


Lessons Learned: Cecilia Skingsley, Maryann Haggerty Apr 2025

Lessons Learned: Cecilia Skingsley, Maryann Haggerty

Journal of Financial Crises

During the Swedish banking crisis of the early 1990s, Cecilia Skingsley was the press secretary for the Ministry of Finance. She held various roles, including chief economist, at Swedbank, one of Sweden’s largest banks, from 2007 to 2013, a period that included the Global Financial Crisis (GFC) and European Sovereign Debt Crisis. Swedbank suffered heavy losses amid the GFC and relied on a government guarantee program for support. In 2013, she became a deputy governor of Sveriges Riksbank, Sweden’s central bank; in 2019, she became first deputy governor. Skingsley left the Riksbank in September 2022 to become head of the …


Lessons Learned: Philip Lane, Mary Anne Chute Lynch, Rosalind Z. Wiggins Apr 2025

Lessons Learned: Philip Lane, Mary Anne Chute Lynch, Rosalind Z. Wiggins

Journal of Financial Crises

Philip Lane served as governor of the Central Bank of Ireland from 2015 to 2019. He introduced countercyclical capital and systemic buffer tools and initiated research into the role and risks of cross-border inflows across Ireland. As a member of the Governing Council of the European Central Bank (ECB) since 2015, Lane has advocated for the European Union to adopt macroprudential policies and tools. He hailed the work of the European Systemic Risk Board and similar institutions established after the Global Financial Crisis (GFC) and the European Sovereign Debt Crisis to share data, information concerning risks, and concerns over financial …


Lessons Learned: Giorgio Gobbi, Mercedes Cardona Apr 2025

Lessons Learned: Giorgio Gobbi, Mercedes Cardona

Journal of Financial Crises

Giorgio Gobbi joined the Economic Research Department of the Bank of Italy in 1990 and was assigned to carry out analysis and research on the banking industry. From 1998 to 2004, he headed the department’s Financial Intermediaries Office and represented the bank at the International Monetary Fund, the Bank of International Settlements, and the European Central Bank. Starting in 2007, Gobbi headed the Financial Structure and Intermediaries Division within the bank’s Structural Economic Analysis Department. He was appointed deputy head of the Financial Stability Unit in 2013 and became head of the Financial Stability Directorate in 2014.


Lessons Learned: J. Christopher Flowers, Mary Anne Chute Lynch Apr 2025

Lessons Learned: J. Christopher Flowers, Mary Anne Chute Lynch

Journal of Financial Crises

J. Christopher Flowers has been managing director, CEO, and chairman of the private investment firm J.C. Flowers & Co. LLC for many years. During the Global Financial Crisis (GFC) of 2007–2009, Flowers was involved with investing in some of the largest banks and financial institutions in the world and advising and consulting with them on possible acquisitions, mergers, and sales as several of these firms began to collapse. In the fall of 2008, Flowers worked closely with the Bank of America (BofA) on proposals to acquire Lehman Brothers and Merrill Lynch, and he developed a plan for private investors to …


Eliminating Discount Window Stigma: What Can We Learn From Abroad?, Susan Mclaughlin Apr 2025

Eliminating Discount Window Stigma: What Can We Learn From Abroad?, Susan Mclaughlin

Journal of Financial Crises

This article picks up from an earlier Journal of Financial Crisis policy note on discount window design to see how the experiences of other central banks can inform work to redesign the discount window to reduce stigma. As explained in that article, banks’ reluctance to use the discount window is problematic for financial stability as it constrains the Fed’s ability to use its liquidity provision tools to stem runs and mitigate contagion in times of stress. The stigma associated with discount window borrowing in the United States is well documented and is a multifaceted phenomenon.


Lessons Learned: Jesper Berg, Maryann Haggerty Apr 2025

Lessons Learned: Jesper Berg, Maryann Haggerty

Journal of Financial Crises

The career of Jesper Berg, a Danish economist, has spanned multiple financial crises. He held positions with the Danish central bank, Danmarks Nationalbank, from 2004 to 2010, first as head of market operations and later as head of financial stability. He had served as head of the capital markets and financial structure division at the European Central Bank from 2000 to 2004, and earlier he was an economist at the International Monetary Fund’s Exchange and Trade Relations Department. This Lessons Learned summary is based on an interview with Berg in December 2022, when he was director general of the Danish …


Liquidity Facilities Provided To Banks During The Dominican Republic Financial Crisis Of 2003, Marco Porfirio Martínez Apr 2025

Liquidity Facilities Provided To Banks During The Dominican Republic Financial Crisis Of 2003, Marco Porfirio Martínez

Journal of Financial Crises

As part of an agreement with the International Monetary Fund (IMF), the Central Bank of the Dominican Republic (CBDR) released a comprehensive document providing an overview of the origins and handling of the 2003 financial crisis. This Archive Note builds on the highlights of that document by discussing primary factors that led to problems within Banco Intercontinental (Baninter), the bank that triggered the crisis; detailing measures the CBDR implemented to mitigate the situation; and addressing the consequences for two other major banks, Banco Mercantil and Bancrédito.


United States: Lehman Brothers Broker-Dealer Emergency Liquidity Program, 2008, Ayodeji George, Steven Kelly Apr 2025

United States: Lehman Brothers Broker-Dealer Emergency Liquidity Program, 2008, Ayodeji George, Steven Kelly

Journal of Financial Crises

On Sunday, September 14, 2008, a deal to sell the United States investment bank Lehman Brothers Holdings Inc. (LBHI) to United Kingdom–based Barclays fell apart. US authorities informed LBHI that, given the lack of rescue funds, it would need to file for bankruptcy before Monday morning to avoid additional chaos for the firm and markets. However, authorities understood Barclays was still interested in buying Lehman’s broker-dealer subsidiary, Lehman Brothers Inc. (LBI). Federal Reserve and Treasury officials were concerned about the impact that the sudden failure of LBI could have on financial markets. LBI had $87 billion in secured overnight repurchase …


United States: First Republic Bank Emergency Liquidity Program, 2023, Salil Gupta, Jack French, Steven Kelly Apr 2025

United States: First Republic Bank Emergency Liquidity Program, 2023, Salil Gupta, Jack French, Steven Kelly

Journal of Financial Crises

First Republic Bank, a California-based institution with $212.6 billion in assets, lost $25 billion in deposits on Friday, March 10, 2023, following the closing of Silicon Valley Bank that morning. On Sunday, March 12, First Republic announced that it had access to $70 billion in unused liquidity owing to its borrowing capacity at the Federal Reserve, the Federal Home Loan Bank System, and JPMorgan Chase (JPMC). But First Republic’s depositors withdrew a further $40 billion of deposits on Monday, March 13. First Republic’s borrowings from the Federal Reserve rose as high as $109 billion between Friday, March 10, and Wednesday, …


United States: Citigroup Emergency Liquidity Program, 2008, Vincient Arnold Apr 2025

United States: Citigroup Emergency Liquidity Program, 2008, Vincient Arnold

Journal of Financial Crises

By November 21, 2008, against the backdrop of heavy losses during the Global Financial Crisis, Citigroup counterparties were substantially pulling back from the firm. On November 23, the US Department of the Treasury, Federal Deposit Insurance Corporation (FDIC), and Federal Reserve announced a support package for Citi composed of a capital injection and a loss-sharing arrangement on $300.8 billion of assets. Under the Asset Guarantee Program (AGP), Citi would absorb the first $39.5 billion in losses on a mutually agreed upon pool of risky assets; the Treasury and FDIC provided $15 billion in loss protection after that, combined with Citi’s …


United States: Bear Stearns Emergency Liquidity Assistance, 2008, Vincient Arnold Apr 2025

United States: Bear Stearns Emergency Liquidity Assistance, 2008, Vincient Arnold

Journal of Financial Crises

On Thursday, March 13, 2008, the US investment bank Bear Stearns Companies approached the Federal Reserve Bank of New York (FRBNY), saying it expected many of its repurchase agreement (repo) counterparties would not “roll,” or renew, their repo agreements the next day. As a result, the firm would be obligated to repay many of its repo liabilities. Without an emergency loan, Bear would be forced to file for bankruptcy on Friday morning, March 14. Before the market opened on Friday, the FRBNY made an overnight loan for $12.9 billion through JPMorgan Chase Bank (JPMC) on a nonrecourse basis, which on-lent …


United Kingdom: Northern Rock Emergency Liquidity Program, 2007, Bailey Decker, Jack French, Eming Shyu Apr 2025

United Kingdom: Northern Rock Emergency Liquidity Program, 2007, Bailey Decker, Jack French, Eming Shyu

Journal of Financial Crises

Northern Rock plc was a bank in the United Kingdom (UK) that experienced rapid growth from 1998 to 2007. The bank was a large issuer of UK residential mortgage-backed securities. Its funding was primarily wholesale as its retail deposit growth had not kept up with its asset growth. By August 2007, Northern Rock’s credit default swap spreads were widening and its share price falling as conditions deteriorated in the markets on which it relied for short-term funding. To meet the bank’s substantial liquidity needs, the Bank of England (BoE) announced on September 14, 2007, that it would extend an emergency …


United States: Bank Of America Emergency Liquidity Program, 2009, Vincient Arnold Apr 2025

United States: Bank Of America Emergency Liquidity Program, 2009, Vincient Arnold

Journal of Financial Crises

On December 31, 2008, Bank of America (BofA) finalized its acquisition of Merrill Lynch, absorbing losses of $15.5 billion as a result. Regulators were concerned about BofA’s short-term liquidity position and ability to post more collateral if its credit rating was downgraded. On January 16, 2009, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Department of the Treasury announced an interagency support package to BofA, which included an asset guarantee wherein all three agencies shared losses with BofA on a “ring-fenced” $118 billion pool of assets. Under the ring-fencing arrangement, known as the Asset Guarantee Program (AGP), BofA would …


United Kingdom: Hbos And Rbs Emergency Liquidity Program, 2008, Bailey Decker, Jack French Apr 2025

United Kingdom: Hbos And Rbs Emergency Liquidity Program, 2008, Bailey Decker, Jack French

Journal of Financial Crises

Two United Kingdom–based banks, Halifax Bank of Scotland (HBOS) and Royal Bank of Scotland Group (RBS), faced substantial liquidity needs during fall of 2008. To provide funding until recapitalization, the Bank of England (BoE) extended ad hoc emergency liquidity facilities to HBOS on October 1 and to RBS on October 7, 2008, comprising US dollars (USD) and British pounds sterling (GBP). As collateral for the 2008 assistance, HBOS and RBS posted pools of loans that were ineligible for the BoE’s market-wide operations. Aggregate usage of the two ad hoc facilities peaked at GBP 61.5 billion (USD 106.0 billion) on October …


Sweden: Carnegie Investment Bank Ab Emergency Liquidity Program, 2008, Sophia Alden, Jack French Apr 2025

Sweden: Carnegie Investment Bank Ab Emergency Liquidity Program, 2008, Sophia Alden, Jack French

Journal of Financial Crises

In October 2008, Carnegie Investment Bank AB (Carnegie) had trouble obtaining financing amid concerns about its financial health. However, Sweden’s central bank, the Sveriges Riksbank (Riksbank), and the Swedish Financial Supervisory Authority (FSA) still viewed Carnegie as solvent. Between October 27 and 28, the Riksbank lent Carnegie 2.4 billion Swedish kronor (SEK). As collateral for the loan, Carnegie and its holding company, D. Carnegie & Co. AB (D. Carnegie), provided all shares and subsidiaries in Carnegie as well as all shares in a sister subsidiary under D. Carnegie, Max Matthiessen Holding AB (Max Matthiessen). On November 10, 2008, the FSA …