Digital Commons Network^™

Designing The Main Street Lending Program: Challenges And Options, William "Bill" English, Nellie Liang

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No abstract provided.

Cdic: 2020 Annual Report, Taiwan: Central Deposit Insurance Corporation

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No abstract provided.

Financial Stability Report (June 2021), Bank Of Korea

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No abstract provided.

Lessons Learned: Michael Krimminger, Mary Haggerty, Charles Euchner

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Suggested Citation- Euchner, Charles and Haggerty, Maryann (2021) "Lessons Learned: Michael Krimminger," Journal of Financial Crises: Vol. 3 : Iss. 2, 779-781.

A Comfort Women Redress Movement Without Comfort Women, Jenna Shin

Student Work

A 2020-2021 Williams Prize for best essay in East Asian Studies was awarded to Jenna Shin (Morse '21) for her essay submitted to the East Asian Studies Program, "A Comfort Women Redress Movement without Comfort Women” (Yukiko Koga, Associate Professor of Anthropology, advisor).

While the comfort women issue is often framed within contested relations between the victims and the perpetrators, such as South Korean survivors and/or South Korea’s relationship with Japan, Jenna Shin’s essay, “A Comfort Women Redress Movement without Comfort Women,” shifts her reader’s attention to the relationship between the surviving comfort women and their main advocacy group, the …

What Do Price Equations Say About Future Inflation?, Ray C. Fair

Cowles Foundation Discussion Papers

This paper uses an econometric approach to examine the inflation consequences of the American Rescue Plan Act of 2021. Price equations are estimated and used to forecast future inflation. The main results are: 1) The data suggest that price equations should be specified in level form rather than in first or second difference form. 2) There is some slight evidence of nonlinear demand effects on prices. 3) There is no evidence that demand effects have gotten smaller over time. 4) The stimulus from the act combined with large wealth effects from past household savings, rising stock prices, and rising housing …

Ypfs Lessons Learned Oral History Project: An Interview With Erik Sirri, Erik Sirri, Mercedes Cardona

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Suggested Citation Form: Sirri, Erik, 2022. “Lessons Learned Interview by Mercedes Cardona, May 25, 2021.” Yale Program on Financial Stability Lessons Learned Oral History Project. Transcript. https://ypfs.som.yale.edu/library/ypfs-lesson-learned-oral-history-project-interview-erik-sirri

Aim High: Pushing Collaboration And Outreach Limits For The 50th Anniversary Of Apollo 11, Molly Stothert-Maurer, Julie Swarstad Johnson

Journal of Contemporary Archival Studies

Exhibits in archives and special collections function as an important outreach tool for these specialized, sometimes formidable repositories. Exhibits increase public knowledge of available collections, promote engagement with those collections, reach new audiences, and provide opportunities to build bridges across campus units. This case study looks at a rotating exhibition titled Moon at the University of Arizona Libraries Special Collections created to commemorate the fiftieth anniversary of the Apollo 11 Moon landing on July 20, 2019. This article covers exhibit design, programming and events that accompanied the exhibit, and coordinated efforts across the University of Arizona campus to celebrate this …

Continuous Extremes: Architecture Of Uncertainty In Poland, 1945—, Cayce Davis

Masters of Environmental Design Theses

In this thesis, architecture situates between extremes. The dichotomies of destruction and construction, mobility and fixity, performance and reality, inside and outside, and form and time frame architecture and the processes through which it is made. The context is Poland in the fallout of the year 1945, when Warsaw’s unique, nearly total destruction and the ascendance of a new communist regime raised the political stakes of architecture. The thesis focuses on a cast of characters in architecture and related artistic disciplines—individuals haunted by the traumas of their own pasts, negotiating a Polish state that created oppressive limitations through artistic mandates …

An Equitable Transformation Of The Energy System: The Role Of State-Level Incentives For Distributed Energy Resources, Trinidad A. Kechkian

Harvey M. Applebaum ’59 Award

One of the great obstacles to the transition to clean energy is that not everyone has an equal opportunity to participate. While previous research has demonstrated that the distribution of solar photovoltaic and battery storage technologies is correlated with race and ethnicity, income, educational attainment, and other variables, it has failed to perform similar analyses on specific clean energy incentive programs. This study evaluates the equitability of past and current state-level incentive programs for solar photovoltaic and battery storage systems in California and Massachusetts using multiple linear regression models. Among the most notable results, for the California programs that are …

Calibrated Click-Through Auctions: An Information Design Approach, Dirk Bergemann, Paul Duetting, Renato Paes Leme, Song Zuo

Cowles Foundation Discussion Papers

We analyze the optimal information design in a click-through auction with fixed valuations per click, but stochastic click-through rates. While the auctioneer takes as given the auction rule of the click-through auction, namely the generalized second-price auction, the auctioneer can design the information flow regarding the click-through rates among the bidders. A natural requirement in this context is to ask for the information structure to be calibrated in the learning sense. With this constraint, the auction needs to rank the ads by a product of the bid and an unbiased estimator of the click-through rates, and the task of designing …

Methodology: Canadian Dollar Offered Rate, Renfinitiv

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Technical document describing the link between bankers' acceptances and CDOR

Financial System Review—2021, Bank Of Canada/Central Bank Of Canada/La Banque Du Canada

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No abstract provided.

Ypfs Lessons Learned Oral History Project: An Interview With Spiros Pantelias, Spiros Pantelias, Maryann Haggerty

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No abstract provided.

Complications Of Bone Morphogenetic Protein-2 Use In Open Transforaminal Lumbar Interbody Fusion, Allison Miller

Yale School of Medicine Physician Associate Program Theses

Transforaminal Lumbar Interbody Fusion is commonly performed with the use of off-label recombinant human bone morphogenetic protein-2. Despite its widespread use, bone morphogenetic protein-2 has been linked with postoperative complications in observational studies. However, no experimental study has supported this association nor has the relative risk as compared to iliac crest bone graft been quantified. In this study, we will compare the incidence proportion of radiculopathy, heterotopic ossification, and vertebral endplate osteolysis following Transforaminal Lumbar Interbody Fusion in patients who receive recombinant human bone morphogenetic protein-2 versus patients who receive iliac crest bone graft. Specifically, we will carry out a …

Back To Basics: The Effects Of Buffered Crystalloids On Mortality In The Setting Of Severe Trauma, David Seth Murphy

Yale School of Medicine Physician Associate Program Theses

Trauma is the leading cause of death for people between 0 and 45 years of age. An important step in the management of trauma patients is the replacement of a large volume of fluids, typically with normal saline. However, normal saline has been implicated in the development of metabolic derangements that may contribute to a large proportion of deaths in trauma patients. In this study, we will examine whether less acidic solutions that contain buffers can improve survival in trauma patients compared to normal saline. We will perform a double-blind randomized control trial to determine whether fluid replacement with Lactated …

Financial Stability Report 2021.1, Sveriges Riksbank

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No abstract provided.

Financial Stability Report (May 2021), Federal Reserve System: Board Of Governors

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No abstract provided.

Yes Bank Investor Presentation 2021, Yes Bank Limited

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No abstract provided.

Normalizing Community Mask-Wearing: A Cluster Randomized Trial In Bangladesh, Jason Abaluck, Laura H. Kwong, Ashley Styczynski, Ashraful Haque, Md. Alamgir Kabir, Ellen Bates-Jeffries, Emily Crawford, Jade Benjamin-Chung, Salim Benhachmi, Shabib Raihan, Shadman Rahman, Neeti Zaman, Peter J. Winch, Md. Maqsud Hossain, Hasan Mahmud Reza, Stephen P. Luby, Ahmed Musfiq Mobarak

Cowles Foundation Discussion Papers

Background: A growing body of scientific evidence suggests that face masks can slow the spread of COVID-19 and save lives, but mask usage remains low across many parts of the world, and strategies to increase mask usage remain untested and unclear. Methods: We conducted a cluster-randomized trial of community-level mask promotion in rural Bangladesh involving 341,830 adults in 600 villages. We employed a series of strategies to promote mask usage, including free household distribution of surgical or cloth masks, distribution and promotion at markets and mosques, mask advocacy by Imams during Friday prayers, role modeling by local leaders, promoters …

12 Cfr § 701.34, United States: National Archives And Records Administration: Office Of The Federal Register

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No abstract provided.

Communications Between David Cameron And Senior Bank Officials About Greenshill Capital And The Covid Corporate Financing Facility (Ccff), Bank Of England/Central Bank Of The United Kingdom

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No abstract provided.

Bank Of Canada - Annual Report 2020, Bank Of Canada/Central Bank Of Canada/La Banque Du Canada

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No abstract provided.

The Rescue Of Fannie Mae And Freddie Mac – Module Z: Overview, Rosalind Z. Wiggins, Ben Henken, Adam Kulam, Daniel Thompson, Andrew Metrick

Journal of Financial Crises

In September 2008, as the financial crisis that had begun the previous year escalated, the US government appointed a conservator for two government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), that dominated the secondary mortgage market and were among the largest participants in the global capital markets. The conservatorships were the hallmark of a multipart rescue plan intended to save the firms from insolvency and a disorderly collapse and required the combined and coordinated efforts of several government agencies and instrumentalities. Ultimately, the government invested $191.5 billion into the …

The Rescue Of Fannie Mae And Freddie Mac–Module F: Federal Reserve’S Large-Scale Asset Purchase (Lsap) Program, Daniel Thompson, Adam Kulam

Journal of Financial Crises

By late 2008, the secondary mortgage markets were suffering high default rates, causing mortgage lending to slow and the value of mortgage securities to plummet. The Federal Reserve lowered the federal funds rate, and the government placed Fannie Mae and Freddie Mac into conservatorship, yet credit in housing and other financial markets remained tight. On November 25, the Fed announced its intent to purchase up to $500 billion in agency mortgage-backed securities (MBS) and $100 billion in agency debt to reduce the cost and increase the availability of mortgage credit, which would support housing markets and improve conditions in financial …

The Rescue Of Fannie Mae And Freddie Mac – Module D: Treasury’S Gse Mbs Purchase Program, Michael Zanger-Tishler, Rosalind Z. Wiggins

Journal of Financial Crises

As the housing crisis escalated during the second half of 2007, two government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), occupied an increasingly central role in the secondary mortgage market, purchasing a greater percentage of new mortgages as private securitization rapidly contracted. As their importance in this market grew, the two GSEs also began to suffer billion-dollar losses, inciting concerns that they might not be able to stay solvent throughout the remainder of the crisis. On September 6, 2008, fearing the systemic consequences of the two firms’ failures, the …

The Rescue Of Fannie Mae And Freddie Mac – Module C: Gse Credit Facility, Emily Vergara

Journal of Financial Crises

In 2007 and 2008, the collapse of the subprime mortgage market and the deterioration of the housing market more generally precipitated a crisis at the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), which together held or guaranteed $5.3 trillion in mortgage assets. Over the course of two years, both entities suffered high losses and saw their liquidity positions deteriorate as the market perceived their rapid decline. On September 6, 2008, the Federal Housing Finance Agency (FHFA), pursuant to the authority of the Housing and Economic Recovery Act (HERA) of 2008, took Fannie …

The Rescue Of Fannie Mae And Freddie Mac-Module B: Senior Preferred Stock Purchase Agreements, Daniel Thompson

Journal of Financial Crises

On September 6, 2008, as part of a four-part government intervention, the Federal Housing Finance Agency (FHFA) took into conservatorship the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), two government-sponsored enterprises (GSEs) that dominated the US secondary mortgage market. Concurrently, the FHFA, as conservator, entered into Senior Preferred Stock Purchase Agreements (SPSPAs) with Treasury, under which Treasury committed to provide funding to ensure the GSEs’ positive net worth. In return, Treasury received senior preferred stock and a warrant to purchase 79.9% of the GSEs’ common stock. The SPSPAs have been amended three …

The Rescue Of Fannie Mae And Freddie Mac – Module A: The Conservatorships, Daniel Thompson, Rosalind Z. Wiggins

Journal of Financial Crises

Two government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), dominated the secondary mortgage market during the US housing crisis, collectively holding or guaranteeing $5.3 trillion in mortgage assets by late 2007. As the crisis escalated, the two GSEs began to report substantial losses and their survival became uncertain. On September 6, 2008, the GSEs’ new regulator, the Federal Housing Finance Agency (FHFA), placed the firms into indefinite conservatorships, one step of a four-part government intervention to stabilize the enterprises. This case study evaluates the purpose and efficacy of the …

The Rescue Of American International Group Module E: Maiden Lane Iii, Lily S. Engbith, Devyn Jeffereis

Journal of Financial Crises

Starting in mid-2007, American International Group (AIG) faced increasing collateral calls from counterparties looking to protect their positions in credit default swap (CDS) contracts that AIG had written on residential and commercial collateralized debt obligations (CDOs) (US COP 2010, 28-30). Per these agreements, the AIG parent company was responsible for insuring the value of the CDOs against the risk of a negative credit event, such as default (GAO 2011, 5; US COP 2010, 29-30). AIG’s immediate need for liquidity on September 16, largely driven by a securities lending program and those collateral calls, prompted the Federal Reserve to lend the …