Social and Behavioral Sciences Commons^™

Guarantees And Capital Infusions In Response To Financial Crises B: U.S. Guarantees During The Global Financial Crisis, June Rhee, Andrew Metrick

Journal of Financial Crises

During 2008-09, the federal government extended multiple guarantee programs in an effort to restore the financial market and contain the panic and crisis in the market. For example, the Treasury provided a temporary guarantee program for the money market funds, the FDIC decided to stand behind certain debts and non-interest-bearing transaction accounts, and the Treasury, the FDIC, and the Federal Reserve agreed to share losses in certain assets belonging to Citigroup. This case reviews these guarantee programs implemented during the global financial crisis by the government and explores the different rationale that shaped certain design features of each program.

Guarantees And Capital Infusions In Response To Financial Crises A: Haircuts And Resolutions, June Rhee, Andrew Metrick

Journal of Financial Crises

After the mortgage market meltdown in mid-2007 and during the financial crisis in 2008, major financial institutions around the world were on the verge of collapsing one after another. Faced with these troubles, the government had to respond quickly to contain the crisis as efficiently as possible. It was, however, limited in resources, time, and experience. To make matters worse, the complexity and opaqueness of the financial market and these institutions greatly affected the government’s ability to design an efficient and consistent method to contain the crisis. Shortly after Lehman Brothers filed for bankruptcy on September 15, 2008, American International …

Ireland And Iceland In Crisis D: Similarities And Differences, Arwin G. Zeissler, Daisuke Ikeda, Andrew Metrick

Journal of Financial Crises

On September 29, 2008—two weeks after the collapse of Lehman Brothers—the government of Ireland took the bold step of guaranteeing almost all liabilities of the country’s major banks. The total amount guaranteed by the government was more than double Ireland’s gross domestic product, but none of the banks were immediately nationalized. The Icelandic banking system also collapsed in 2008, just one week after the Irish government issued its comprehensive guarantee. In contrast to the Irish response, the Icelandic government did not guarantee all bank debt. Instead, the Icelandic government controversially split each of the three major banks into a new …

Ireland And Iceland In Crisis A: Increasing Risk In Ireland, Arwin G. Zeissler, Karen Braun-Munzinger, Andrew Metrick

Journal of Financial Crises

Ireland went from being the poorest member of the European Economic Community in 1973 to enjoying the second highest per-capita income among European countries by 2007. Healthy growth in the 1990s eventually gave way to a concentrated boom in property-related lending in the 2000s. The growth in the aggregate loan balances of Ireland’s six major banks greatly exceeded the growth in gross domestic product (GDP); as a result, bank loan balances grew from 1.1 times GDP in 2000 to over 2.0 times GDP by 2007. Given the small size of the domestic retail depositor base, the Irish banks increasingly funded …

The Lehman Brothers Bankruptcy F: Introduction To The Isda Master Agreement, Christian M. Mcnamara, Andrew Metrick

Journal of Financial Crises

When Lehman Brothers Holdings, Inc. (LBHI) sought Chapter 11 protection, the more than 6,000 counterparties with which its subsidiaries had entered into over 900,000 over-the-counter (OTC) derivatives transactions faced the question of how best to respond to protect their interests. The existence of standardized documentation developed by the International Swaps and Derivatives Association (ISDA) for entering into such transactions meant that the counterparties likely thought that they were dealing with a well-defined and robust set of options in answering this question. Yet, in practice, the resolution of Lehman’s OTC derivatives portfolio ended up being less orderly than the existence of …

Fact Sheet: Study Of Long-Term Augmentation Options For The Water Supply Of The Colorado System, Black & Veatch, Ch2m Hill

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

1 page.

"March 2008"

Material submitted by Les Lampe, Colorado River Water Consultants, for "Augmentation Options" program, Session 3: Mapping a New Course, Panel F: Some Policy Options and Solutions.

Colorado River Water Consultants is a project-specific partnership of engineering firms Black & Veatch and CH2MHill.

9th Meeting Of The States Parties To The Anti-Personnel Mine Ban Convention (2008), Apmbc

Global CWD Repository

The 9MSP was a formal meeting of the 156 States which have accepted the 1997 Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on their Destruction. It was held in accordance with Article 11 of the Convention and pursuant to the decisions of the 2004 First Review Conference and the 2007 Eighth Meeting of the States Parties (8MSP).

The 9MSP was particularly significant in the life of the Convention. It was the first meeting in which States Parties’ requests for extensions of Article 5 deadlines were considered. It was also the last opportunity …

Ddasaccident624, Hd-Aid

Global CWD Repository

The primary cause of this accident is listed as a Field Control inadequacy because the investigators found that there was poor supervision at the time of the accident. The secondary cause is listed as Other because there is not enough detail in the summary to determine what the deminer was doing, and what tool he was using.

Geneva International Centre For Humanitarian Demining 2008 Annual Report, Gichd

Global CWD Repository

Annual narrative report on the work of the GICHD in 2008.

Unmas 2008 Annual Report, Unmas

Global CWD Repository

In 2008, mine action operations supported by UNMAS enabled hundreds of thousands of people and local communities to resume normal lives and reclaim their livelihoods by regaining access to previously contaminated lands. The clearance of thousands of kilometres of mined roads and essential infrastructure has contributed to the protection and empowerment of men, women, girls and boys in the nine countries or territories where UNMAS operates and in other countries and territories supported by UNMAS. One of the more remarkable achievements of the year was the clearance of 84,000 anti-personnel mines in Afghanistan, which is more than double the average …

Ddasaccident696, Hd-Aid

Global CWD Repository

The investigation team concluded that the contributing factor to this accident was carelessness of deminer in terms of started excavation on the top of the detected signal, and poor command and control by acting team leader.

Ddasaccident660, Hd-Aid

Global CWD Repository

The primary and secondary causes of this accident are listed as Other because the accident summary lacks enough detail to infer anything useful about the events surrounding the accident.

Ddasaccident637, Hd-Aid

Global CWD Repository

The incident involved [the Victim] detonating an anti-personnel mine whilst excavating a contact. The investigation report is to be submitted by 18 December 2008. In the event that the completed report is not able to be submitted on the date indicated an interim report outlining progress with the investigation and the reason for the delay is to be submitted on that date and further interim reports provided every (two) days until the completed investigation report is submitted.

Diplomatic Conference For The Adoption Of A Convention On Cluster Munitions, Un

Global CWD Repository

The Convention on Cluster Munitions bans all use, production, transfer and stockpiling of cluster munitions. Cluster munitions do not distinguish between civilians and combatants and can leave behind unexploded ordnance which can harm civilians and be detrimental to economic and social development for decades after use. The Convention aids in clearance of contaminated areas in order to prevent future disasters. It also provides risk reduction education and establishes a framework for cooperation and assistance for survivors.

Opened for Signature: 3 December 2008

Ddasaccident607, Hd-Aid

Global CWD Repository

The primary cause of this accident is listed as Inadequate training because it seems that the Victim started excavating on top of the mine. He may not have known how to pinpoint the detector reading appropriately, or may not have been instructed in safe excavation techniques. The secondary cause is listed as a Field Control Inadequacy because the investigators found that the field supervisors did not give appropriate information about the task site and did not correct his errors.

Ddasaccident770, Hd-Aid

Global CWD Repository

On 30 December 2008 deminer de- miner [the Victim] was busy in excavation of a detected signal in his clearance lane, his scraper touched on the top of a mine and caused it to explode.

Ddasaccident634, Hd-Aid

Global CWD Repository

The accident occurred because of carelessness of the deminer as he used chisel directly on the detected signal instead of [Demining group] standard excavating tool (scraper). The poor command and control is another contributing factor for this accident as he was not stopped by command group.

Ddasaccident635, Hd-Aid

Global CWD Repository

The primary cause of this accident is listed as a Field Control Inadequacy because the Victim was a field supervisor who acted in breach of basic safety requirements by poking a mine with a stick, apparently as a joke. The secondary cause is listed as a Management Control Inadequacy because the demining group’s managers are responsible for the selection and training of appropriately responsible field supervisors.

Ddasaccident619, Hd-Aid

Global CWD Repository

The primary cause of this accident is listed as Victim Inattention because the investigators imply that the Victim deliberately walked into the uncleared area. The secondary cause is listed as a Field Control Inadequacy because the field supervisors did nothing to prevent him doing so.

Ddasaccident612, Hd-Aid

Global CWD Repository

The primary cause of this accident is listed as Inadequate training because the investigators found that the Victim did not know how to excavate safely. The secondary cause is listed as a Management Control Inadequacy because it is a management responsibility to ensure that all deminers are appropriately trained.

Ddasaccident803, Hd-Aid

Global CWD Repository

The accident occurred in a hazardous area high in the mountains. The demining group involved was searching the area with two mine dog teams and collecting discovered devices, moving them to a collection area. When the field supervisors went to count the discovered mines, the last collected item exploded, resulting in minor injuries to both supervisors.

Ddasaccident605, Hd-Aid

Global CWD Repository

The primary cause of this accident is listed as a Field Control Inadequacy because the investigators concluded that there was poor command and control. The injury spread, including forehead and body, implies that PPE was not being worn at the time. The secondary cause is listed as Inadequate training because it seems that the deminer either did not know how to pinpoint a detector reading adequately or did not understand the risks of digging directly on top of the place where the detector signalled.

Ddasaccident700, Hd-Aid

Global CWD Repository

As it was a difficult task for the clearance, and required extra attention and care of command group and deminers themselves, thus the carelessness of deminer was the main contributing factor to this accident. The consequence of this accident is a slight injury to the finger of deminer which indicates that he was fully dressed with PPE.

Ddasaccident694, Hd-Aid

Global CWD Repository

Carelessness of deminer and poor supervision in terms of not conducted QC, caused the accident, and happened.

Ddasaccident691, Hd-Aid

Global CWD Repository

The negligence of deminer in terms of not adhering to set procedure for excavation and the failure of command group in order to control the deminer and stop him from wrong practice is the contributing factors for this accident

Ddasaccident692, Hd-Aid

Global CWD Repository

The investigation team concluded that the contributing factor to this accident was Carelessness of deminer in terms of use of bayonet by left hand which was in contrary to his habit.

Ddasaccident687, Hd-Aid

Global CWD Repository

The accident occurred because of the ignorance of standard operating procedures and appropriated method of demolitions and destruction of ammunitions.

Ddasaccident673, Hd-Aid

Global CWD Repository

Refering to other accidents with this demining group at this period, the Victim may have been using a “pick”. Whatever tool the Victim was using, it is likely that he did not pinpoint the detector signal correctly and so began excavating on top of the mine.

Ddasaccident654, Hd-Aid

Global CWD Repository

It is the BOI conclusion that the deminer, [the Victim], was not clearly marking his lane progressively throughout the course of the day. He has moved back into his clearance lane during a break period, without wearing his PPE and helmet, to place a marking stone. He has not wanted to get too close to the unsafe area and has leant forward and thrown the marking stone forward to mark the lane. This stone has landed on a mine with the detonation causing the stones to be thrown up from the blast and inflicting the injuries that have resulted in …

Ddasaccident636, Hd-Aid

Global CWD Repository

The accident occurred because of carelessness of the deminer as he used chisel directly on the detected signal instead of [Demining group] standard excavating tool (scraper). The poor command and control is another contributing factor for this accident as he was not stopped by command group.