Social and Behavioral Sciences Commons^™

Iceland: Arion Bank, Islandsbanki, And Landsbankinn Capital Injections, 2008, Ayodeji George

Journal of Financial Crises

Iceland’s three largest banks—Glitnir, Kaupthing, and Landsbanki—grew rapidly in the 2000s and failed amid depositor runs when they lost access to foreign funding markets at the onset of the Global Financial Crisis (GFC). On October 6, 2008, the Icelandic Parliament passed the Emergency Act, and authorities quickly used their new powers to nationalize the three banks. The Ministry of Finance created and capitalized Arion Bank (for Kaupthing), Islandsbanki (for Glitnir), and Landsbankinn (for Landsbanki), to hold the old banks’ performing domestic assets and all insured domestic deposits, and the prime minister assured all domestic depositors that they would be protected. …

India: Yes Bank Capital Injection, 2020, Salil Gupta

Journal of Financial Crises

In March 2020, the Reserve Bank of India (RBI) helped engineer a capital injection and restructuring of Yes Bank, India’s fourth-largest private sector bank, to prevent a run on the bank and to preserve broader financial stability. On March 14, 2020, Yes Bank received a total capital injection of 100 billion Indian rupees (INR; USD 1.34 billion) in total from the State Bank of India and a group of private sector banks (HDFC, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Federal Bank, Bandhan Bank, IDFC First Bank). The government-owned SBI received a 48.2% equity stake, committing to contribute up to …

Greece: Piraeus Bank Capital Injection, 2015, Stella Schaefer-Brown

Journal of Financial Crises

Greek banks experienced heavy deposit outflows from December 2014 through June 2015, which led Greece to declare a bank holiday from June 28, 2015, until July 18, 2015. Greek banks’ reliance on liquidity assistance from the Eurosystem began in August 2011, with a second peak in 2015; emergency liquidity assistance was fully repaid in 2019. The European Central Bank’s Single Supervisory Mechanism, responsible for banking supervision in Europe, conducted a stress test and asset quality review of the four large Greek banks and identified a capital shortfall of EUR 4.7 billion for Piraeus Bank (the Bank) in October 2015. To …

Germany: Ikb Deutsche Industriebank Capital Injection, 2008, Lakshimi Swaminathan, Rishi Vala

Journal of Financial Crises

In July 2007, investors rapidly pulled their funding from asset-backed commercial paper (ABCP) programs that held US subprime mortgage-linked securities. According to the Financial Crisis Inquiry Commission (FCIC), German bank IKB Deutsche Industriebank AG (IKB) was the “first big casualty” of that run on ABCP. It had directly and indirectly guaranteed to provide EUR 9.3 billion in liquidity to its off-balance-sheet vehicle, Rhineland Funding Capital Corporation. German authorities and the Kreditanstalt für Wiederaufbau (KfW), a state-owned German development bank, quickly took over those obligations on July 30 to keep IKB solvent and prevent it from closing. KfW also agreed to …

Greece: Ate Bank Capital Injection, 2011, Stella Schaefer-Brown

Journal of Financial Crises

In 2009, ATE Bank, the fifth-largest Greek bank, received a capital injection of EUR 675 million in Tier 1 preference shares as part of a broader aid package for the bank. In August 2010, Greek authorities conducted a strategic review of Greek banks, which concluded that ATE Bank was still facing serious difficulties. In October 2010, ATE Bank submitted a restructuring plan that included the purchase of EUR 1.14 billion in new ordinary shares. Of this EUR 1.14 billion, the bank used EUR 675 million to repurchase the earlier EUR 675 million preference shares. Private investors purchased an additional EUR …

Germany: Hsh Nordbank Capital Injection, 2009, Anmol Makhija

Journal of Financial Crises

State-controlled HSH Nordbank AG (HSH) lost EUR 2.8 billion in 2008, mainly because of impairments to its holdings of US structured credit securities. On April 29, 2009, the German bank regulator informed HSH that it would close HSH if the owners did not recapitalize the bank to the 8% total capital ratio requirement. In June 2009, the state governments of Hamburg and Schleswig-Holstein injected EUR 3 billion (USD 3.8 billion) of capital in ordinary shares with voting rights and provided a EUR 10 billion asset guarantee, called a “risk shield,” for a 7.85% annual fee. Over the next few years, …

Cyprus: Laiki Bank Capital Injection, 2012, Stella Schaefer-Brown

Journal of Financial Crises

In 2011, Cyprus’s second-largest bank, Marfin Popular Bank—later renamed Cyprus Popular Bank, but commonly known as Laiki Bank—lost billions of euros when the Greek government restructured its sovereign debt, decimating its equity capital and shutting its access to market liquidity. In late 2011, supervisors estimated the bank’s capital shortfall at EUR 3.1 billion. In January 2012, the bank submitted a plan to the central bank that included EUR 1.8 billion of capital raised from private investors and EUR 1 billion of capital increases through debt-to-equity swaps and deleveraging. However, Laiki Bank was unable to raise private capital and asked the …

France: Bank Of France Capital Injection, 1805, Ayodeji George

Journal of Financial Crises

After receiving the exclusive right to issue bank notes in Paris in 1803, the Bank of France became a significant source of funding for the French government in early 1805, as Napoleon prepared for a key battle of the Napoleonic Wars. In the first half of 1805, the French treasury paid back loans with notes with later maturities rather than metallic money, draining the metallic liquidity reserves of the Bank of France far below levels that bankers at the time considered prudent. After the circulation of an unfounded rumor that Napoleon himself had raided the metallic reserves for the war …

Belgium: Fortis Group Capital Injection, 2008, Ayodeji George

Journal of Financial Crises

In September 2008, in the wake of the freezing of credit markets caused by the Global Financial Crisis (GFC), Fortis Group, a financial conglomerate incorporated in Belgium and the Netherlands, faced depositor runs and share price deterioration. These negative consequences were a result of its exposures to US subprime mortgage-related assets and other losses from its 2007 acquisition of ABN AMRO, a large Dutch bank. Over the weekend of September 27–29, authorities from Belgium, the Netherlands, Luxembourg, and the European Central Bank (ECB) held emergency talks, resulting in the announcement of EUR 11.2 billion (USD 14.3 billion) in capital injections …

Belgium And France: Dexia Group Capital Injection, 2008, Ayodeji George

Journal of Financial Crises

Dexia Group (Dexia, or the Group) was a banking and insurance conglomerate that specialized in public financing with major operations in Belgium, France, and Luxembourg. Following the collapse of Lehman Brothers in mid-September 2008, Dexia faced a liquidity crunch as wholesale funding markets froze. Faced with insolvency concerns, authorities from the bank’s three primary markets, Belgium, France, and Luxembourg, conducted overnight negotiations to agree on capital injection terms. On September 30, 2008, authorities and the bank’s board of directors announced a EUR 6.4 billion (eventually EUR 6 billion) capital injection intended to restore Dexia’s solvency and maintain systemwide stability. The …

Austria And Germany: Hypo Alpe Adria Capital Injections, 2008, Bailey Decker

Journal of Financial Crises

Hypo Alpe Adria (HAA) was Austria’s sixth-largest bank at the time of the Global Financial Crisis of 2007–2009 (GFC), with EUR 41.2 billion (USD 29.2 billion) in total assets as of June 30, 2008. HAA pursued a growth strategy in Southeastern Europe in the years preceding the GFC, which proved troublesome for HAA’s loan portfolio and led to large write-downs in autumn 2008. HAA’s majority shareholder was a German landesbank, Bayerische Landesbank (BayernLB). On October 26, 2008, the Austrian Parliament passed a EUR 100 billion support scheme in response to the GFC, with EUR 15 billion allocated for troubled banks. …

Survey Of Ad Hoc Capital Injections, June Rhee, Benjamin Hoffner, Greg Feldberg, Andrew Metrick

Journal of Financial Crises

Government recapitalizations of systemic banking organizations can be costly and unpopular but are sometimes necessary to protect depositors and prevent financial contagion. This paper surveys 23 Yale Program on Financial Stability case studies of ad hoc capital injection programs, defined as programs that provide capital to a single institution or a clearly defined minority of institutions. We saw a marked increase in capital injection programs in the past 50 years, more than half of which were ad hoc. Authorities designing ad hoc capital injections face difficult decisions—when to deploy them rather than let a bank fail; whether to impose losses …

State-To-State Migration In Nevada, 2017-2022, Ayda Atici, Reese Howard, Caitlin J. Saladino, William E. Brown Jr.

Demography

This fact sheet examines data on state-to-state migration patterns of people moving from other states to Nevada, as well as individuals leaving Nevada and moving to other states between 2017 and 2022. Data for all 50 states are found in the United States Census Bureau’s report, “State-to-State Migration Flows."

Understanding The Dynamics Of Board-Executive Director Relationships In Nonprofits: A Qualitative Study Of Youth-Serving Nonprofits In Utah, Jaxon Didericksen, Jayme E. Walters, Dorothy Wallis

Social Work Faculty Publications

A functional positive relationship between the executive director (ED) and the board of directors (BOD) is crucial to nonprofits meeting their missions. The present qualitative study sought to identify factors—including traits, behaviors, processes, and experiences—associated with positive relationships between BODs and EDs in youth-serving nonprofits in Utah. Surveys were utilized to identify pairs (N = 6) of board chairs and EDs who had high relationship satisfaction. Individual semi-structured interviews were employed with each participant. Transcripts were analyzed using two-cycle coding, descriptive and pattern coding in which three themes emerged: (1) Background; (2) Roles; and (3) Leadership. The findings illustrated …

No. 11: Food Insecurity And South Sudanese Urban Refugees In Kenya, Cherie Enns, Samuel Owuor, Abbey Lin, Jacqueline Fanta, Cobby Achieng, William Kolong, Kristin Swardh

Migration and Food Security (MiFOOD) Network

The COVID-19 pandemic exacerbated the already precarious situation of urban South Sudanese refugees living in Nairobi and Nakuru, Kenya. The pandemic not only increased food insecurity but also disrupted livelihoods and exacerbated socio-economic vulnerabilities that were already significant. These refugees faced limited access to support mechanisms typically available in refugee camps, with inadequate government response and interruptions to remittance flows. Urban refugees were hit especially hard due to the absence of organized support frameworks, leaving them more exposed to the pandemic’s impacts.

This policy brief examines the critical challenges faced by urban South Sudanese refugees in terms of food security …

No. 10: Digital Technologies And Food Remitting By Zimbabwean Migrants In South Africa, Sean Sithole, Daniel Tevera, Mulugeta F. Dinbabo

Migration and Food Security (MiFOOD) Network

The COVID-19 pandemic significantly impacted traditional remittance channels, particularly for Zimbabwean migrants in South Africa who relied on informal networks to send food and other essential goods back home. The closure of borders, lockdowns, and mobility restrictions disrupted these informal networks, accelerating the adoption of digital platforms for food remittances. This policy brief explores the role of emerging digital technologies such as mobile money apps and food remittance platforms in facilitating cross-border food transfers between Zimbabwean migrants in Cape Town and their families in Zimbabwe during the early stages of the pandemic. The brief examines how platforms like Mukuru and …

No. 09: Connecting Migrant Remittances And Food Security In Jamaica, Elizabeth Thomas-Hope

Migration and Food Security (MiFOOD) Network

Migrant remittances play a crucial role in supporting households in Kingston, Jamaica, particularly in mitigating the effects of poverty and food insecurity. However, while remittances improve household food security, their impact on reducing inequality and contributing to inclusive social development is more complex. Wealthier households are more likely to receive remittances, and the overall impact of remittances on broader economic growth and food security at the national level remains limited. This brief explores the relationship between remittances and food security in Jamaica within the framework of the United Nations Sustainable Development Goals (SDGs), with a focus on SDG 10. It …

No. 07: Pandemic Impacts On Migrant Food Security In Nanjing, China, Fei Xu, Taiyang Zhong, Jonathan Crush

Migration and Food Security (MiFOOD) Network

The COVID-19 pandemic exposed significant disparities in food security, particularly among migrant populations in urban settings. Migrant workers, often occupying precarious, low-paying jobs, experienced disruptions to their food access due to job losses, mobility restrictions, and social exclusion during the pandemic. This policy brief highlights key findings from MiFOOD research conducted in Nanjing during the first wave of the COVID-19 pandemic, which revealed heightened levels of food insecurity among migrant households. Migrants were less likely to access online food systems due to technological barriers and exclusion from government aid programs. This brief provides recommendations to enhance food security resilience, including …

No. 08: Addressing Food Insecurity Among Central American Migrants In Mexico, Tiana Bakić Hayden

Migration and Food Security (MiFOOD) Network

Central American migrants living in Mexico City face unique challenges that contribute to heightened food insecurity, with issues stemming from incomplete documentation, social isolation, and precarious legal status. This brief examines these barriers and how they exacerbate food insecurity among migrant populations who reside in Mexico’s urban areas, particularly those from the Northern Triangle (Guatemala, Honduras, and El Salvador). Migrants face bureaucratic, social, and economic obstacles that limit their access to food, housing, and employment. The brief recommends policy changes aimed at improving documentation processes, enhancing social support networks, and addressing migrants’ specific food security needs.

No. 06: Enhancing Rural-Urban Linkages Through Food Remittances, Elizabeth Opiyo Onyango, Jonathan Crush, Samuel Owuor

Migration and Food Security (MiFOOD) Network

In many rapidly urbanizing African countries, food remittances from rural to urban areas play a vital role in maintaining rural-urban linkages. In Nairobi, Kenya, half of all households, regardless of migration status, receive food remittances from rural areas. Contrary to conventional beliefs, these food transfers are not solely linked to migration or poverty. Instead, they appear to be a long-standing, integral part of urban household resilience, especially for better-off households. As urbanization intensifies, policymakers should recognize the role of food remittances in ensuring food security for both migrants and non-migrant households. This brief explores key challenges such as economic inequality, …

Celebratory Queer Space: Innovation Beyond Safe Space, Ezra Hebron, Adriane Sparks

Faculty & Staff Research & Creative Activity

"Safe space" refers to a place "free of bias ... or potentially threatening actions [or] ideas ... "* Simply, it is a place where one is accepted. A "celebratory space" is a safe space, but it is ALSO a place that reaches out to queer patrons to make them feel that they are not only accepted by the community, but that they are a part of the community.

"safe space." Merriam-Webster.comM. erriam-Webster, 2024. Web. 1 July 2024.

المهارات الناعمة للموارد البشرية ومدى توافرها في المنظومة التعليمية: دراسة استطلاعية لآراء عينة من رؤساء الأقسام والشعب في رئاسة جامعة الموصل, حلا فازع داغر

Muthanna Journal of Administrative and Economics Sciences

تتجه مضامين البحث الحالي نحو قياس موضوع المهارات الناعمة لدى الموارد البشرية في المنظومة التعليمية، وذلك من خلال تشخيص مستوى توافرها في الجامعة المبحوثة ومن ثم تسليط الضوء على طبيعة الفروق في استجابات الأفراد المبحوثين نحو هذه المهارات وتحديداً فيما يتعلق بالمهارات الآتية: (التواصل، العمل الجماعي، القيادة، الإدارة الذاتية، اتخاذ القرار وحل المشكلات، الاحتراف، الخبرة), ولتحقيق ذلك تم حددت مشكلة البحث الحالي عبر إثارة مجموعة تساؤلات تتجسد معالمها في مدى إمكانية التعرف على واقع هذه المهارات، ومن ثم تحديد مستوى تبيانها تبعاً لأهميتها النسبية، إذ تم اختيار رئاسة جامعة الموصل ميداناً للبحث الحالي، ولجمع البيانات ذات العلاقة بموضوع البحث الحالي …

Creating Cards And Carving Pumpkins: How Fun Activities At Work Build Morale, Create Community, And Spark Creativity, Grace Allbaugh, Susan Franzen, Angela Yon

Faculty and Staff Publications – Milner Library

During times of stress and uncertainty, community-building is essential in the workplace. In all types of libraries, people work closely together but often do not know each other authentically. We all spend too many hours at work to feel isolated, burned out, or misunderstood. Work-related activities can help begin to nurture genuine connections, but unless intentional time is set aside for community-building, these relationships may never fully develop. Foster a positive culture by encouraging employees to get to know each other through playful, entertaining events. At our library, we have a mentoring program that not only pairs individuals together but …

Navigating Entry: The Role Of Exposure And Career Fit Negotiation In Women’S Pathways To Policing In The United States, Samantha S. Clinkinbeard, Rachael Rief, Trisha Rhodes, Lexi Goodijohn

Criminology and Criminal Justice Faculty Publications

Women’s engagement in policing in the United States and other countries has not reached its potential. We interviewed 47 women in law enforcement to learn about their pathways into policing. Two primary themes emerged: career discovery through exposure and negotiating career fit. Exposure through interactions with role models, hands-on experiences, and media portrayals, provided a peek into policing. The assessment and negotiation of career “fit” in our study was an ongoing, dynamic process. As participants faced questions about their own characteristics, values, and belonging, exposure in the form of role models and experiences helped them navigate career fit concerns. Implications …

The Past, Present, And Future Of Long-Run Local Population Decline, Brian J. Asquith, Evan Mast

Upjohn Institute Policy and Research Briefs

No abstract provided.

Broadly Shared Local Economic Success: New Measures And New Lessons For Communities, Timothy J. Bartik

Presentations

No abstract provided.

Federal Election Commission And Indiana Secretary Of State Campaign Finance Information Resoures, Bert Chapman

Libraries Faculty and Staff Presentations

This presentation covers campaign finance information resources produced by the Federal Election Commission (FEC) and Indiana Secretary of State. It describes how these agencies began, details how they oversee and regulate U.S. federal and Indiana state elections, and documents contributions made by individuals, organizations, political parties, and political action committees to individual candidates and organizations. Reporting documentation on these election races is also included.

The Antecedents Of The Experience Of Light In Dreams, Gregory Scott Sparrow, Ryan Hurd

Counseling Faculty Publications

The experience of inner light and ecstasy is widely accepted as a universal mystical experience, regardless of cultural or religious context. While one can read first-hand accounts in the historical record, the direct experience of light remains elusive for most people. This study analyzes a series of dream-based experiences of light provided by a single subject. In our analysis of 19 dreams, we pursue a process-oriented, relational analysis based on co-creative dream theory, which views the dream as an interactive experience in real time rather than a fixed product of the unconscious mind. By analyzing dreams as relational events, in …

Wealth, Marriage, And Sex Selection, Girija Borker, Jan Eeckhout, Nancy Luke, Shantidani Minz, Kaivan Munshi, Soumya Swaminathan

Cowles Foundation Discussion Papers

Two mechanisms have been proposed to explain sex selection in India: son preference in which parents desire a male heir and daughter aversion in which dowry payments make parents worse off with girls. Our model incorporates both mechanisms, providing micro-foundations, based on the organization of the marriage institution, for daughter aversion. Marital matching, sex selection, and dowries are jointly determined in the model, whose implications are tested on a representative sample of rural households. Simulations of the model indicate that existing policies targeting daughter aversion might exacerbate the problem, while identifying other policies that could be effective.

Deciphering The Local Origins Of Neoliberalism In Central And Eastern Europe: The Example Of Lithuania, Jokubas Salyga

Political Science Faculty Publications

This article studies the local lineage of neoliberalism in Lithuania, examining its intellectual pedigree, early proponents and the structural shifts that facilitated its rise. The latter are attributed to the openings created by perestroika and the development of the communication network linking economists within the Reform Movement of Lithuania, émigré intellectuals and Hillsdale College in Michigan. Information exchanges produced within this network generated embryonic neoliberal ideas before 1991. The network also contributed to the establishment of an influential think tank, the Lithuanian Free Market Institute (LFMI), whose policy influence is illustrated by surveying monetary and pension privatisation reforms.