Digital Commons Network^™

Lessons Learned: Anthony Dowd, Mercedes Cardona

Journal of Financial Crises

Anthony Dowd was an investment banker when former Federal Reserve Chairman Paul Volcker recruited him during the Global Financial Crisis (GFC) to be his chief of staff for the President’s Economic Recovery Advisory Board (PERAB). As chairman of the PERAB, Volcker proposed what would become known as the Volcker Rule, a series of guardrails meant to curb banks’ involvement in proprietary trading and investing in private equity or hedge funds; they were adopted in the Dodd-Frank Act of 2010. When Chairman Volcker founded the Volcker Alliance in 2013, Dowd became a director and its first treasurer. The alliance is a …

Lessons Learned: Grahame Johnson, Mercedes Cardona

Journal of Financial Crises

Grahame Johnson was named managing director of financial stability at the Bank of Canada in November 2019, just months before the outbreak of the COVID-19 pandemic, and became adviser to the governor in 2021. The Bank of Canada responded to the economic effect of the pandemic by launching 10 liquidity facilities—nine of them never attempted before—to repurchase securities such as government and corporate bonds, bank acceptances, and commercial paper. The measures were largely successful, and nine of the 10 facilities were unwound by 2022. The tenth, the Government of Canada Bond Purchase Program (GBPP), transitioned into a quantitative easing program …

What Policy Combinations Worked?: The Effect Of Policy Packages On Bank Lending During Covid-19, Divya Kirti, Maria Soledad Martinez Peria, Prachi Mishra, Jan Strasky

Journal of Financial Crises

In response to COVID-19, countries frequently adopted multiple types of policies to address the economic and financial effects of the pandemic. This paper analyzes the impact on bank lending of combinations or packages of policies (fiscal, monetary, and prudential) adopted across a broad sample of countries. Using a comprehensive policy announcement–level dataset together with bank-level information, we find that lending grew faster at banks in countries that announced large packages combining fiscal, monetary, and prudential measures (“all-out” packages), especially when uncertainty was high. Both the scope and size of policy packages were important: packages combining all three types of policies, …

Lessons Learned: Stijn Claessens, Owen Heaphy

Journal of Financial Crises

After two decades at the World Bank, Stijn Claessens served as assistant director in the research department of the International Monetary Fund (IMF) from 2007 to 2014. From 2015 to early 2017, Claessens was senior adviser in the Division of International Finance at the Federal Reserve Board (Fed), before joining the Bank for International Settlements (BIS) as head of financial stability policy and deputy head of the monetary and economic department in 2017. Claessens left the BIS in September 2023 and is now an executive fellow with the Yale Program for Financial Stability. This Lessons Learned is based on an …

Stressing The Stress Tests, Natasha Sarin, Til Schuermann

Journal of Financial Crises

In the spring of 2023, Silicon Valley Bank, Signature Bank, and First Republic Bank failed, owing to predictable rate hikes by the Federal Reserve. It’s clear from these recent events that the current US stress-testing system is ill-suited to mitigate risk associated with the banking system, especially when looking at smaller regional banks that aren’t subjugated to annual stress testing. Stress testing as a regulatory tool is also exposed to significant legal risks following recent Supreme Court jurisprudence that draws into question the viability of the status quo. Today, regulators and other interested parties must change tacks to craft a …

Cbdc Settlement: Implications For Money Creation And Maturity Transformation, Francesca Carapella

Journal of Financial Crises

This paper analyzes the implications of different models of intermediation, clearing, and settlement of central bank digital currency (CBDC) for the ability of the financial system to create money and, through it, to possibly affect financial stability. Only two models have the potential to limit the private sectors’ ability to create money: a model where the central bank directly opens accounts with the public and a model where the central bank allows intermediaries to perform only custodial activities in CBDC. Under any other intermediation model, money can be created inside the financial system by the intermediaries providing payment services associated …

W&L Law Fall Scholarship Celebration 2025, Andrew Christensen, Michelle Cosby, Brandon Hasbrouck, Jennifer Mitchell, Melanie D. Wilson

Library Events

On October 9, 2025, the Washington and Lee Law Library hosted the fifth W&L Law Fall Scholarship Celebration. The event was co-sponsored by the Frances Lewis Law Center and took place in the Law Library's main reading room from 5:00 to 7:00 p.m.

On display were dozens of scholarly articles, books, chapters, and court briefs authored by the W&L Law faculty and student body between October 2022 and October 2025. Additional works were accessible online via QR codes to W&L Law Scholarly Commons institutional repository. A selection of vintage scholarship by former W&L Law professors was also on display, courtesy …

2015 - Appalachian Student Research Forum Program Booklet, Appalachian Student Research Forum, East Tennessee State University

Appalachian Student Research Forum

No abstract provided.

2014 - Appalachian Student Research Forum Program Booklet, Appalachian Student Research Forum, East Tennessee State University

Appalachian Student Research Forum

No abstract provided.

2011 - Appalachian Student Research Forum Program Booklet, Appalachian Student Research Forum, East Tennessee State University

Appalachian Student Research Forum

No abstract provided.

2009 - Appalachian Student Research Forum Program Booklet, Appalachian Student Research Forum, East Tennessee State University

Appalachian Student Research Forum

No abstract provided.

Charles And Kathleen Moore And The Coming Tax Armageddon, Calvin H. Johnson

Florida Tax Review

The Supreme Court decided last term, against predictions, that U.S. shareholders could be taxed on the undistributed earnings of their foreign corporation. The Court expressly did not decide the “Armageddon question,” whether a wealth tax or mark-to-market tax would be constitutional.

In the coming Armageddon, the Court needs to reverse the error in Pollock v. Farmers’ Loan & Trust Co., which said that the Constitution “prevent[s] an attack upon accumulated property by mere force of numbers.” That is exactly wrong. Apportionment of direct tax in fact was written to reach the wealth of the states using the labor of …

Identifying And Examining Access And Barriers To Healthcare For The Transgender And Nonbinary Individual, Allison Gould

Doctor of Education Program Dissertations

The purpose of this qualitative phenomenological study was to explore the lived experiences of transgender and nonbinary (TNB) individuals related to their access to basic healthcare. Currently, the TNB population is experiencing disparities in accessing general and preventative healthcare in comparison to their cisgendered counterparts. I developed the research questions to explore how TNB individuals describe their access to general and preventative healthcare, identify what were perceived as barriers in seeking basic healthcare, and describe what was subjectively identified as a positive healthcare experiences. My personal and professional interest as a physical therapist combined with a thorough literature review, and …

The Effect Of A 50-Mile Ultra-Marathon Race On Arterial Stiffness, N Bearup, V Cave, Z Climenhaga, M Baxter, K Dames, J Parks

International Journal of Exercise Science: Conference Proceedings

a

The Acute Effects Of Action Observation Perspective On Lower Limb Strength, E Beinstein, F Saechao, Z Pourhatami, R Dimaio, K Harmon

International Journal of Exercise Science: Conference Proceedings

a

Sickle Cell Disease Increases Glycolytic Muscle Fiber Proportions While Impairing Muscular Strength In Mice, E Bota, M Da Silva, C Hart, D Kim, S Kuzmiak-Glancy, S Prior

International Journal of Exercise Science: Conference Proceedings

a

No Effects Of Acute Refueling Composition On Soccer Athlete Motivation Measures During Pre-Season Training, N Bruan, D Ebert, D Williams, J Nelligan, W Braun Facsm

International Journal of Exercise Science: Conference Proceedings

a

Comparing Virtual Reality Derived-Bess Scores And Human Evaluation Scores, A Breneman, L Custer

International Journal of Exercise Science: Conference Proceedings

a

Arterial Stiffness, Theta Oscillations In Resting State Eeg, And Neurovascular Coupling In Young Adults, S Brice, A Rios, S Downing, T Shadat, K Kuwahara, S Troller-Renfree, K Heffernan

International Journal of Exercise Science: Conference Proceedings

a

Upf Consumption And Type 2 Diabetes Risk In Middle-Aged Adults On A Controlled Diet, B Capra, S Hudson, K Phillips, E Marinik, E Laskaridou, A Johnson, E Wilson, M Dong, L David, J Salva, V Hedrick, K Davy Facsm, B Davy Facsm

International Journal of Exercise Science: Conference Proceedings

a

Large Artery Stiffness And Neurovascular Coupling Across The Lifespan: Impact Of Age And Sex, J Cassette, S Brice, A Rios, K Kuwahara, W Lefferts, K Heffernan

International Journal of Exercise Science: Conference Proceedings

a

The Effect Of A 50-Mile Ultra-Marathon Race On Autonomic Modulation, V Cave, N Bearup, M Baxter, Z Climenhaga, K Dames, J Parks

International Journal of Exercise Science: Conference Proceedings

a

Impact Of Core Strengthening On Walking Endurance And Fall Risk Perception In Adults Over 65, M Cencetti, N Evanosky, V Fama, B Kelley, C Mcnamara, M Nicholson, J Tanis

International Journal of Exercise Science: Conference Proceedings

a

Impact Of Seasonal Exercise Training On Cardiometabolic Risk In Adults With Obesity, I Chee, E Heiston, S Malin Facsm

International Journal of Exercise Science: Conference Proceedings

a

Changes In Muscle Size, Strength, And Exercise Adherence Following A Peer-Leader Program, J Chernyenko, L Gordy, J Schott, V Tymoshenko, S Leusner, Z Furey, S Dankel

International Journal of Exercise Science: Conference Proceedings

a

Cohesion, Motivation, And Stress Resilience Effects On Collegiate Football Performance And Well-Being, T Chhabra, K Jaquess

International Journal of Exercise Science: Conference Proceedings

a

Beverage Versus Capsule Delivery Of Inorganic Nitrate: Effects On Exercise Economy In Postmenopausal Females, K Clark, M Stahl, E Grammer, J Allen, A Weltman

International Journal of Exercise Science: Conference Proceedings

a

Recovery Of Heart Rate Complexity After A 50-Mile Ultra-Marathon Race, Z Climenhaga, M Baxter, V Cave, N Bearup, K Dames, J Parks

International Journal of Exercise Science: Conference Proceedings

a

The Effects Of Senaptec Vision Training On Hitting Stats In Ncaa Division Ii Baseball Players, A Colecio, B Finn, B Snyder, S Davis Facsm, C Saker, T Jordan

International Journal of Exercise Science: Conference Proceedings

a

Effect Of Anatomical Placement On Accuracy Of Wearable Heart Rate Monitors Across Activity Intensities, J Collins, C Gardner, M Moghaddam, M Rabel

International Journal of Exercise Science: Conference Proceedings

a