Digital Commons Network^™

Final 2022 Unreclaimed Sites Sampling: Ur-22 Site Evaluation Summary Report, Pioneer Technical Services, Inc.

Silver Bow Creek/Butte Area Superfund Site

No abstract provided.

The Correlation Between Racial Inequality And Rent Stabilization Apartments In New York City, Juan G. Mayancela

Dissertations, Theses, and Capstone Projects

The federal, state, and local governments have enacted policies to address housing issues in New York City. But have African Americans and Latinos benefited from these policies? To explore this, we conduct a case study of the history of rent-stabilization policy and use data from New York City agencies to contextualize these developments. We also apply Claire Jean Kim’s racial hierarchy framework to examine how White supremacy has shaped housing policy and its effects on communities of color. Our analysis shows that African American and Latino communities face disadvantages both in the number of rent-stabilized units and in access to …

Conspicuous Technique: Black Avant-Garde Poetry And The Politics Of Aesthetics, Ryan Gato

Dissertations, Theses, and Capstone Projects

This study is comprised of two essays on the politics of aesthetics in postwar American black experimental poetry. Within the domain of contemporary poetry scholarship, this study serves three distinct yet interrelated purposes: 1.) to intervene within ongoing debates about the relation—or purported lack thereof—between black artistic practices and those of the historic and American avant-gardes by emphasizing the politics of aesthetics; 2.) to offer a critique of the usage of the discourses of postmodernism and of black aesthetics in the field by elucidating the historicity of their conceptual frameworks; and 3.) to provide an alternative to contemporary scholarship’s narrow …

Replanting Hawthorns: Towards A Diachronic Translation Of À La Recherche Du Temps Perdu, Gerardo Bandera

Dissertations, Theses, and Capstone Projects

A novel as long and complex as Marcel Proust's À la recherche du temps perdu poses a challenge of methodology to its translators: how should one proceed with rendering its unique style, its bifurcating sentences, its aesthetic philosophy, and the interplay between content and form? What should one prioritize? This dissertation proposes a method of translation that gives priority not only to sentence structure, as most English translators of the novel have done, but also to the repetition and diachronic development of images, themes, and phrases in order to capture and recreate certain recursive effects of the novel’s form. It …

Allocating Electricity, Alexandra B. Klass, Dave Owen

Faculty Scholarship

The U.S. electricity system is premised on the ideas that utilities have a duty to serve all customers in their service territories and that electricity supply should always meet demand. Until recently, there has been little reason to question these foundational premises. U.S. electricity demand has remained flat for over a decade, and during earlier periods of growth, new energy generation plants were relatively easy to build. Now, however, electricity experts predict massive load growth—most notably from data centers to power artificial intelligence and cryptocurrency—and building new power plants is no longer easy.

Major efforts are underway to increase electricity …

College Athlete Revenue Sharing And Nil: Financial Considerations And Implications, Julie Staples, Keith Lowe

Research, Publications & Creative Work

Student athletes have not historically been recipients of cash-based compensation while simultaneously participating in collegiate sports.  Alternatively, these respective athletes have received academic “in-kind” or “non-cash” funding in the form of scholarships.  While these aforementioned scholarships often vary by individual sport and institution, they often include several of the following classifications: tuition, housing, meal plans, textbooks, and related supplies/expenses (Brown, 2019).  Until recently, student athletes have not been allowed to seek external revenue aside of their scholarship as a condition of maintaining their “amateur status” as regulated by the National Collegiate Athletics Association (NCAA), the governing body of collegiate sports …

Vulnerability Of Marine Megafauna To Global At-Sea Anthropogenic Threats, Michelle Vancompernolle, Juliet Morris, Hannah J. Calich, Jorge P. Rodríguez, Sarah A. Marley, Jessica R. Pearce, Briana Abrahms, Katya Abrantes, André S. Afonso, Alex Aguilar, Andrews Agyekumhene, Tomonari Akamatsu, Susanne Åkesson, Nyimale G. Alawa, Joanna Alfaro-Shigueto, R. C. Anderson, Tycho Anker-Nilssen, Javier A. Arata, Gonzalo Araujo, Martin C. Arostegui, Haritz Arrizabalaga, Chandra P. Salgado Kent

Research outputs 2022 to 2026

Marine megafauna species are affected by a wide range of anthropogenic threats. To evaluate the risk of such threats, species’ vulnerability to each threat must first be determined. We build on the existing threats classification scheme and ranking system of the International Union for Conservation of Nature (IUCN) Red List of Threatened Species by assessing the vulnerability of 256 marine megafauna species to 23 at-sea threats. The threats we considered included individual fishing gear types, climate-change-related subthreats not previously assessed, and threats associated with coastal impacts and maritime disturbances. Our ratings resulted in 70 species having high vulnerability (v > 0.778 …

Animal Taxa Threatened By Adverse Fire Regimes In Western Australia: A Synthesis And Outlook, Tim S. Doherty, Mark G. Allen, Karlene Bain, Stephen J. Beatty, Allan H. Burbidge, Renee A. Catullo, Sarah Comer, Ben Corey, Saul J. Cowen, Robert A. Davis, Martin A. Dziminski, J. Anthony Friend, Bruce Greatwich, Mark S. Harvey, Hannah Killian, Michael W. Klunzinger, Damian C. Lettoof, Nicola J. Mitchell, Melinda Moir, Harry A. Moore, David L. Morgan, Ian J. Radford, Michael G. Rix, Tom Vigilante, Adrian F. Wayne, Corey Whisson

Research outputs 2022 to 2026

Adverse fire regimes threaten biodiversity, potentially leading to population declines and increased extinction risk. Understanding how varying fire regimes affect threatened species is essential for effective ecosystem management, including in Western Australia where diverse ecosystems are exposed to wildfires, Indigenous burning, and prescribed fire. We compiled and synthesised data on the threat of adverse fire regimes to threatened animal taxa in Western Australia. Using a threat classification scheme, we ranked adverse fire regimes as having either no, low, medium, high, or unknown impact on each taxon. A total of 212 taxa were reviewed, 153 (72%) of which are considered fire-threatened: …

Children's Experiences Of Functional Constipation: A Qualitative Reflexive Thematic Analysis, Gunilla Flankegård, Patrik Rytterström, Berit M. Gustafsson, Evalotte Mörelius

Research outputs 2022 to 2026

Background: Childhood functional constipation, a common concern within child healthcare, necessitates oral and rectal medical treatments, that are mostly administered by parents in the home environment. It is important to gather children's perspectives in child- and family-centred care. The private nature of toileting, bowel movements, and faecal incontinence are areas of taboo and stigmatisation. Research is scarce on how children perceive this common but private situation of oral and rectal constipation treatment. Objective: To explore children's experiences of functional constipation and its treatments. Design: A qualitative interview study with a constructionist epistemology and a predominantly experiential orientation. Setting: Individual interviews …

Contemporary Structures, Processes, And Outcomes Of Critical Care Nursing Education: An Integrative Review, Farida Saghafi, Carol Grech, Belinda Causby, Angelique Clarke, Jacqueline Jauncey-Cooke, Deb Massey, Kaye Rolls, Kylie Thompson, Melanie Greenwood

Research outputs 2022 to 2026

Objective: The critical care workforce requires nurses who are specialised, educated, and adaptable to manage complex situations, with the capability to make informed decisions for optimal patient care. The Australian College of Critical Care Nurses supports evidence-based practice through an education position statement, which is periodically updated to reflect evolving needs. In this review, our aim was to inform revisions to the position statement on critical care nurse education by examining the structure, processes, and outcomes of contemporary education programs designed to enhance the capability of registered nurses working in critical care environments internationally. Review method used: An integrative review …

In-Situ Carbon Mineralization Through Injection Of Co2-Saturated Water Into Basalts: Effects On Pore Network, Seyi Philemon Akanji, Lionel Esteban, Ausama Giwelli, Joel Sarout, Alireza Keshavarz, Stefan Iglauer

Research outputs 2022 to 2026

Carbon capture and storage (CCS) offers the potential to remove and safely store significant quantities of carbon dioxide from the atmosphere, thereby limiting global warming. Conventional geological storage involves injecting CO2, in gaseous or supercritical state, into porous rock reservoirs, relying on geological top seals, capillary forces and/or dissolution in groundwater as the primary “locking-in” processes. An alternative method injects CO2-saturated water into mafic rocks (basalts), chemically inducing in-situ mineralization of CO2 to form solid carbonate minerals. This mechanism offers the lowest risk of carbon returning to the atmosphere. This review synthesizes field and laboratory studies on CO2 mineralization in …

Intrapartum Experiences Of Gestational Surrogates And Intended Parents In Australia: A Qualitative Study, Jutharat Attawet, Leo Ng, Evie Kendal, Yunjing Qiu, Myles Ojabo, Sarah Jefford, Micah D.J. Peters

Research outputs 2022 to 2026

Background Gestational surrogacy is an increasingly visible, though tightly regulated, pathway to parenthood in Australia, yet intrapartum care remains under-examined. Existing maternity models are grounded in woman-centred care and offer limited guidance for births involving surrogates and intended parents within a triadic care relationship. Objectives To describe the intrapartum experiences of gestational surrogates and intended parents in Australia and to identify care processes that support or hinder respectful, inclusive practice. Methods A descriptive qualitative study was conducted with purposive sampling. Seventeen participants took part between December 2024 and May 2025, comprising nine gestational surrogates and eight intended parents who had …

Machine Learning-Enriched Distributionally Robust Optimization And Hybrid Decomposition To Joint Optimization Of Transportation Hub Network Design And Pricing, Seyed Ashkan Hosseini Shekarabi, Reza Kiani Mavi, Flavio Romero Macau, Ali Papi, Ashkan Teymouri

Research outputs 2022 to 2026

Freight transportation within the hub-assisted systems enhances economies of scale for carriers by consolidating logistics operations through central hubs, thereby increasing efficiency and reducing costs. Optimally designing such transportation systems creates competitive advantages for carriers, enabling them to reduce shipping prices and, consequently, capture a larger share of the market from shippers’ demand. This research addresses the joint optimization of intermodal transportation hub network design and pricing decisions under price-dependent and uncertain demand, with the objective of maximizing carrier's profit. Since the uncertain shipping demand follows a nonlinear relation with price, the carrier not only optimizes shipping network design but …

Novel Buxus Papillosa-Assisted Green Synthesis Of Copper And Nickel Oxide Nanoparticles With Enhanced Catalytic Degradation Of Alizarin Red S Dye, Afrah Zahid, Warda Hassan, Syed Awais Ali, Zahoor Ullah, Mohammad Younas, Syed Nasir Shah, Ali Fatehizadeh, Mashallah Rezakazemi

Research outputs 2022 to 2026

In this work, the biogenic synthesis route using the leaf extract of Buxus papillosa was employed for the green synthesis of copper oxide (CuO) and nickel oxide (NiO) nanoparticles (NPs), which were then applied for the catalytic degradation of Alizarin Red S dye (ARS) as a model organic pollutant. Scanning electron microscopy (SEM) analysis confirmed spherical and rod-like morphologies for CuO and NiO NPs, respectively, while Energy dispersive spectroscopy (EDS) verified their elemental composition. The average crystallite sizes of CuO and NiO NPs were 6.21 and 5.94 nm, respectively, as determined by X-ray diffraction (XRD), and their optical band gaps …

Mitigating Malware Prevalence In Networks With Arbitrary Topologies: A Flip-It Cyber Game Approach Integrated With Epidemic Modeling, Mousa Tayseer Jafar, Lu Xing Yang, Gang Li, Robin Doss, Kon Mouzakis, Rajesh Vasa, Helge Janicke, Ahmed Ibrahim, Ahmed Mohsin, Iqbal H. Sarker, Kristen Moore, Seyit Camtepe, Diksha Goel

Research outputs 2022 to 2026

Cyber threats have evolved in complexity, aiming at a wide range of sectors using advanced methods and tools. This evolving threat landscape challenges existing cybersecurity frameworks, many of which lack the adaptability to counteract the complex tactics of sophisticated adversaries. Developing robust cyber defense strategies requires simulating dynamic interactions between attackers and defenders across high, moderate, and low-impact scenarios. The Flip-It cyber game serves as an intelligent framework for simulating these interactions, enabling the analysis of adaptive strategies in cybersecurity. This paper aims to address the problem of mitigating malware prevalence with full consideration of attack/defense capabilities in arbitrary network …

Personal Resources Among Pre-Service Teachers: An Examination Of Links With Subjective Vitality And Occupational Commitment, Helena Granziera, Rebecca J. Collie, Caroline Mansfield

Research outputs 2022 to 2026

The retention of pre-service teachers presents persistent and significant challenges for education and society alike. An emerging body of research suggests that the cultivation of personal resources may serve as a means to foster PSTs wellbeing, which is integral to fostering positive experiences within teacher education. We sought to examine this potential association in a sample of 664 Australian teachers by investigating the associations between five personal resources - adaptability, workplace buoyancy, psychological detachment, optimism, and social self-efficacy - and two teaching-related outcomes: subjective vitality at work and occupational commitment. Using structural equation modelling, analysis of data collected from PSTs …

Ergonomics/Human Factors And The Future Of Work: A Global Systems Perspective, Andrew Thatcher, Augustine Appah Acquah, Agnès Aublet-Cuvelier, Rob Becker, Tim Bentley, Maria Elena Boatca, Daniel Braatz, Hong In Cheng, Fabien Coutarel, Somnath Gangopadhyay, Nicola Green, Nigel Heaton, Hongwei Hsiao, Liang Ma, Masaaki Mochimaru, Beata Mrugalska, Verena Nitsch, Paulo Antonio Barros Oliveira, Taezoon Park, Arto Reiman, Yordán Rodriguez, Gary Roth, Urmi Ravindra Salve, Rosemary Seva, Anita Tisch, Andrew Todd

Research outputs 2022 to 2026

In a webinar series hosted by the International Ergonomics Association, the Future of Work Committee of the International Ergonomics Association gathered inputs about the future of work from ergonomics/human factors (E/HF) experts representing different regions around the world. Through these insights, four global megatrends relevant to E/HF driving the future of work were identified: labour-market supply; work informality; technology; and climate change. Next, we applied an E/HF systems approach, using causal loop diagrams, to explore the unfolding interrelationships between these megatrends at a global level and with a national level example to determine what novel insights can be uncovered using …

Feasibility And Implementation Of Interval-Gap4: A Global Randomised Controlled Trial Of Intense Hybrid-Supervised/Self-Managed Versus Self-Directed Exercise For Metastatic Prostate Cancer, Stacey A. Kenfield, Nicolas H. Hart, Kerry S. Courneya, Rosemary Greenwood, June M. Chan, Jennette Sison, Li Zhang, Sarah Rudman, Leah Ung, Moritz Schumann, Erin L. Van Blarigan, Sam Mckeown, Charles J. Ryan, James Catto, Daniel A. Galvão, Robert U. Newton, Fred Saad

Research outputs 2022 to 2026

Background and objective: Physical activity is associated with a lower risk of mortality in men with prostate cancer (PC); yet, randomised controlled trials with survival endpoints are nonexistent. INTense ExeRcise for surviVAL-Global Action Plan 4 (INTERVAL-GAP4) was a global phase 3 trial designed to test whether structured, hybrid-supervised/self-managed exercise improves survival in men with metastatic PC. The trial was stopped early due to poor accrual. This paper reports feasibility and implementation outcomes. Methods: Men with metastatic PC were randomised (1:1) to a supervised/self-managed moderate- to high-intensity resistance and aerobic programme (three sessions per week for 2 yr) or to self-directed …

Making It Up As We Go: Midwives’ Perceptions Of Preparedness And Role Clarity In Surrogacy Birth Care, Jutharat Attawet, Leo Ng, Yunjing Qiu, Evie Kendal, Myles Ojabo, Sarah Jefford, Micah D.J. Peters

Research outputs 2022 to 2026

Background Surrogacy poses unique clinical, psychosocial, and organisational challenges. Midwives, often with limited experience, education, and guidance, may feel uncertain about providing appropriate care, potentially affecting the quality of care and experiences of surrogates, intended parents, and newborns. Objective This study explored how midwives navigate surrogacy birth care, with a focus on role clarity, involvement of intended parents, and preparedness across the intrapartum and postnatal continuum. Method An interpretative phenomenological design was adopted. Five midwives with experience in surrogacy births were recruited through professional networks and the Australian College of Midwives newsletter. In-depth interviews were conducted and analysed using reflexive …

Peak Lower Limb Joint Angles Are Weak Predictors Of Hamstring Length Change During Sprinting, Shayne Vial, Jodie Cochrane Wilkie, Anthony J. Blazevich, Daniel Kadlec

Research outputs 2022 to 2026

Non-contact hamstring injuries (HSIs) commonly occur during the late swing phase of sprinting, when muscle–tendon units (MTUs) approach maximum length. Although sagittal-plane pelvis, hip and knee angles are often used as surrogate measures of overall hamstring lengthening, their predictive validity remains uncertain. This study investigated whether peak three-dimensional lower limb joint angles predict length change in the biarticular hamstring MTUs from peak hip flexion through to toe off (0–100 %) in fourteen intermediate-level male soccer players sprinting at maximal speed (8.56 ± 0.47 m·s−1). Participant-specific musculoskeletal models were used to compute MTU lengths for the biceps femoris long head (BFlh), …

Treatment And Valorization Of Spent Caustic Brine: A Critical Review With Emphasis On Membrane Technologies, Rouba D. Al Bostami, Amani Al Othman, Muhammad Tawalbeh, Kerry N. Mcphedran, Mohammad Mahdi A. Shirazi

Research outputs 2022 to 2026

Spent caustic brine (SCB) is a hazardous yet resource-rich industrial waste, primarily composed of sodium hydroxide, water, and contaminants such as sulfides, phenols, organic compounds, heavy metals, and valuable minerals. Originating from industries such as oil and gas, metal finishing, and food processing, SCB poses high pH ('11), high total dissolved solids (up to 58,000 ppm), heavy metal content, and elevated chemical oxygen demand (COD). In this work, treatment and valorization methods for SCB are categorized into three groups: traditional techniques without caustic or water recovery, conventional techniques with limited recovery, and membrane technologies offering effective caustic and water recovery …

Carbohydrate Restriction Drives Greater Perturbations In Circulating Metabolites Than Low Energy Availability In Elite Male Athletes, Kyle A. Dunlop, Nathan G. Lawler, Jamie Whitfield, Alannah K.A. Mckay, Nicolin Tee, Megan L. Ross, Stacey N. Reinke, John A. Hawley, David Broadhurst, Louise M. Burke

Research outputs 2022 to 2026

Periods of low energy availability (LEA) are common in elite athletes and typically arise from reduced energy intake, often involving some degree of carbohydrate (CHO) restriction. Whether the metabolic profile created by energy restriction per se is distinct compared to that driven by CHO restriction is unknown. Using untargeted metabolomics, we examined metabolic perturbations linked to CHO restriction and energy restriction in plasma from elite male endurance athletes. In a semi-randomized controlled trial, athletes (n = 20) completed one of three 5-day dietary interventions: high energy-high CHO (HCHO); LEA (energy-restricted, CHO-reduced); or low-CHO, high-fat (LCHF; energy-matched, CHO-restricted). Plasma samples were …

Efficient Privacy-Preserving Conjunctive Searchable Encryption For Cloud-Iot Healthcare Systems, Jiadi Ma, Tianqi Peng, Gong Bei, Muhammad Waqas, Hisham Alasmary, Sheng Chen

Research outputs 2022 to 2026

In cloud-Internet of Things (IoT) healthcare systems, private medical data leakage is a serious concern as the cloud server is not fully trusted. Dynamic searchable symmetric encryption (DSSE), with necessary forward and backward privacy security properties, enables doctors to retrieve ciphertexts while guaranteeing data privacy. However, existing forward and backward private DSSE schemes are not well-suited for cloud-IoT healthcare systems with attribute-value type databases. To this end, we propose an efficient privacy-preserving conjunctive searchable encryption scheme for cloud-IoT healthcare systems, called PC-SE. It is the first conjunctive DSSE scheme designed for attribute-value type databases. Specifically, we design flexible search capabilities …

Harmonizing Neuropsychological Test Data Across Prospective Studies, Rosita Shishegar, James D. Doecke, Yen Ying Lim, Pierrick Bourgeat, Vincent Dore, Bhargav Tallapragada, Simon M. Laws, Tenielle Porter, Samantha Burnham, Azadeh Feizpour, Ashley Gillman, Michael Weiner, Jason Hassenstab, Christopher C. Rowe, Victor L. Villemagne, Colin L. Masters, Jurgen Fripp, Hamid Sohrabi, Paul Maruff

Research outputs 2022 to 2026

Introduction: Alzheimer's disease (AD) research relies on large datasets and advanced statistical models. However, individual population studies often lack sufficient sample size for conclusive results. Harmonizing cognitive test data across studies can address this gap, despite differences in testing protocols. This study harmonizes cognitive data from three major AD cohorts to support robust clinical–pathological modelling. Methods: Information from the Alzheimer's Disease Neuroimaging Initiative (N = 1446); Australian Imaging, Biomarkers and Lifestyle (N = 1764); and Open Access Series of Imaging Studies-3 (N = 440) were integrated, including cognitive scores, demographics, genetics, and clinical and neuroimaging data. Neuropsychological tests relevant to …

Humanitarian Hospitality: A Framework For Ethical Encounters In Crisis Tourism, Georges El Hajal, Rodney Westerlaken, Erwin Losekoot

Research outputs 2022 to 2026

This paper introduces humanitarian hospitality as a conceptual framework for understanding relational ethics and care practices in crisis-affected tourism. While volunteer tourism, disaster recovery travel, and solidarity-based travel bring individuals into crisis-affected destinations, the hospitality that unfolds in these non-commercial encounters remains under-theorised. Drawing on philosophical perspectives and exploratory qualitative insights from 145 Red Cross and Red Crescent volunteers and aid workers, the study examines how emotional labour, ethical care, and informal hosting are enacted in contexts of conflict and displacement. The findings both parallel and complicate conventional host–guest dynamics, highlighting the ethical and emotional complexities of providing care under …

Increasing Phytochemical-Rich Foods And Lactobacillus Probiotics In Men With Low-Risk Prostate Cancer – A Randomised, Double-Blind, Placebo-Controlled Trial, Robert J. Thomas, Stacey A. Kenfield, Madeleine Williams, Robert U. Newton, Jeffrey Aldous, Anita Mitra, Zahoor Fazili

Research outputs 2022 to 2026

Men on active surveillance (AS), with prostate cancer, are very interested in dietary strategies that could improve their symptoms and help prevent progression of their disease. In this real-world trial involving 208 men, intake of phytochemical-rich food capsules helped slow prostate-specific antigen (PSA) progression significantly, and improved urinary symptoms and erectile function. What was novel about this study was that men randomised to take an additional blend of five Lactobacillus probiotics had a further three-fold slowing of PSA progression as well as reduction of inflammation. Currently, nearly 50% of men opt out of AS within 5 yr. If confirmed with …

Navigating Climate Change In Carbon Negative Bhutan: Insights From Policy Influencers And Comparison To The Wider Himalayan Region, Tashi Dorji, Angus Morrison-Saunders, David Blake

Research outputs 2022 to 2026

Climate change is one of the most pressing global challenges and spares no nation. Bhutan, as the only carbon negative country in the world, is no exception and being in the Himalayas – a region warming faster than the global average – further intensifies climate risks. This study explores how Bhutan navigates climate change through the perspectives of 41 policy influencers, including politicians, civil servants, and leaders from nongovernment organisations and the media. The findings are compared with scientific literature from the broader Himalayan region to identify shared vulnerabilities (e.g., glacial lake outburst floods, water scarcity, and agricultural disruptions) and …

Sounding The Alarm: The Role Of States In Monitoring The Federal Government, Christian G. Fritz

Faculty Scholarship

In December 2025, more than 40 bipartisan state legislative leaders from over 30 states, working through the National Conference of State Legislatures, issued a resolution titled “Federalism Restoration and State Empowerment.” The distinctive feature of American federalism has long been understood to be the distribution of powers between the national and state governments. This foundational element of our system of government—shared sovereignty—warrants revisiting by K-12 teachers and students. Although states may attempt to limit national power in ways such as withholding cooperation, exerting political pressure, and challenging federal authority through legal and institutional channels, this Digest focuses on the role …

The Free Exercise Of Religion As A Privilege, Kyron J. Huigens

Articles

In the span of a decade, the Supreme Court has restructured the Free Exercise Clause entirely. It has removed the counterweight of disestablishment; it has sought parity between religion and secularity by means of strict scrutiny analysis turning on a principle of nondiscrimination; and it has opened the way to a general exemption from secular law for the faithful by ceding the question of what counts as an exercise of religion to the faithful themselves. This Article proposes reading the free exercise of religion as a privilege in response to these changes. This privilege stands against secular law in the …

Agency Mbs As Safe Assets, Zhiguo He, Zhaogang Song

Research Collection Lee Kong Chian School Of Business

Measured as yield spreads against Treasury securities and AAA corporate bonds, the convenience premium of newly issued agency MBS averages more than half of the long-term Treasury convenience premium. The agency MBS convenience premium and issuance amount vary negatively with mortgage rate, consistent with a prepayment-driven channel. Placing agencies into conservatorship in 2008 and introducing liquidity regulations in 2013 significantly affected MBS convenience premium, consistent with government guarantee and regulatory treatment channels. Analyses of dispersion of dealers’ prepayment forecasts, seasoned MBS, and investors’ MBS holdings deliver further economic implications for agency MBS as safe assets.