Economics Commons^™

Mortgage Default Classification Modeling For Variable Analysis, Brendan R. Goggins

Honors College Theses

The financial crisis of the early 2000’s is a prime example of the severe consequences that mortgage default and borrower insolvency can have on economies at large. Mortgage default specifically is a prime case with the popularization of mortgage backed securities and the commonality of this loan structure. Multiple hypotheses and models have been formed to understand the reasons, causes, and consequences of mortgage default. This paper uses both machine learning and statistical classification models to inform an understanding of the variables most significant and impactful to the default outcome of mortgages. Consideration is given to both loan-level microeconomic variables …

Editor-In-Chief's Note, Surekha Rao

Midwest Social Sciences Journal

No abstract provided.

The Impact Of Religiosity And Violence Prevention Programs On Violence Amongst Adolescents In The U.S., Ngoc Nguyen, John Paulson, Quentin Maynard, Thu T. Ha

Midwest Social Sciences Journal

Youth violence is a societal concern in the United States due to its negative consequences on individuals and communities. The current study aimed to examine the potential mitigating factors of violence prevention programs and religiosity in reducing youth violence among African American, White, Hispanic, and Asian American adolescents in the United States. It also tested the moderation effects of sex on religiosity and violence prevention programs with youth violence. Results of the main effects revealed that adolescents who attended violence prevention programs were generally less likely to engage in violence than those who did not; and that adolescents who were …

Best Businesses For New Urbanist Communities: A Retake, Karl Besel, Tonya Thornton, Yusuf A. Nur, Kenneth Chilton

Midwest Social Sciences Journal

Place defines the linkages between space and representation. Several theoretical concepts attempt to examine how people perceive a place and even their purpose as a part of it, including it being as a prescribed way of life, a public ideology to ascribe to, and as a set geographical residence. More often than not, this “sense” is simply categorized by a rural-urban continuum dictated by health and wealth. New Urbanism communities is an urban design movement that promotes a sense of community by designing walkable, mixed-use neighborhoods that are environmentally friendly and provide a wide range of housing and job types. …

Reviewers And Referees

Midwest Social Sciences Journal

No abstract provided.

96th Annual Iass Conference Call For Papers

Midwest Social Sciences Journal

No abstract provided.

George C. Roberts Award Recipients

Midwest Social Sciences Journal

No abstract provided.

Volume 27, Issue 2 Full Contents

Midwest Social Sciences Journal

No abstract provided.

Statement From The Indiana Academy Of The Social Sciences And Board Of Directors

Midwest Social Sciences Journal

No abstract provided.

Author Biographical Notes

Midwest Social Sciences Journal

No abstract provided.

Mobilizing Discord On The United States’ Many Borders: Critical Social Science And Geopolitical Complexity, Margath Walker

Midwest Social Sciences Journal

Attention to the political landscape connecting the United States, Mexico, and Central America has returned with glaring intensity, highlighting the visibly geostrategic elements of bordering practice. Scholars have focused on how state power materializes at multiple scales while at the same time being attentive to the contestable and mutable nature of myriad agentic forces. This talk operates similarly by considering prospects for a frictional and at times ambiguous spatial politics. I extend the notion of discord as a productive lens through which to consider securitization, mobility, and migration. I use two short examples—the border-industrial complex and migrant caravans—to illustrate my …

Mission And Editorial Policy

Midwest Social Sciences Journal

No abstract provided.

Editorial History

Midwest Social Sciences Journal

No abstract provided.

Gardens Through The Ages: How Public Gardens Impact The Growth Of Society, Abby J. Cutsinger

ATU Scholars Symposium

Throughout history, gardens held a vital role in the development of civilizations, often serving as spaces for food, reflection, and community. The aim of this study was to explore the progression of gardens parallel to Maslow’s hierarchy of needs. Additionally, the study aimed to determine whether gardens help fulfill those needs and, in doing so, influence human morality. To examine these possibilities, the researcher conducted a literature review of historical and contemporary accounts of gardening and its effects on physical and psychological well-being, analyzing these findings through the lens of Maslow’s framework. Additionally, crime rate data were compared across several …

Impact Of Community Gardening On Neighborhood Crime Rates: Research Proposal, Abby J. Cutsinger

ATU Scholars Symposium

Gardening has been a part of human existence from the beginning of time, but people have become distanced from gardening as civilization has grown and urbanized. As this distance has grown, so has the disconnect between people and the basic needs which shape their views of themselves and of society. It is possible that, in the drift away from gardening as communities, humans have become less moral.

The purpose of this study is to determine if community gardening lowers violent crime rates.

This relationship will be gauged by answering the following questions:

• Which type of community gardening benefits community relationships …

Are All Sports Betting Losses Created Equal?, Dylan M. Hollick

Business and Economics Honors Papers

This study investigates how the cash out feature in sports betting influences bettor reaction to loss and short-term bet likelihood. The cash out changes the mechanics of a sports betting loss outcome in several ways. By getting some of the bet’s stake back through a cash out loss, the transaction mimics a larger loss-smaller gain joint outcome as opposed to a single loss at the time of the bet’s placement. The cash out also introduces the opportunity for regret or positive counterfactuals depending on the cash outs “correctness”. Using survey data from college students responding to hypothetical betting scenarios, it …

Cover Cropping: How Sustainability & Economics Can Work Hand In Hand (Pt. Ii), Emma Reyes

Business and Economics Honors Papers

Research finds that while the average rate of soil erosion under natural conditions occurs at less than 1.9 Mg per hectare per year, the current rate of erosion for United States agricultural soils occurs at 6.7 Mg per hectare per year (Nearing et al., 2017). This problem is further heightened by the fact that many farmers are concerned about the added expenses that may come from the use of sustainable practices. As a result, this may lead to an increase in the practice of more harmful conventional agricultural techniques if they continue to be considered more economically beneficial in comparison. …

Decade-Long Deals: The Forces Driving Mlb’S Lengthening Contracts, Benjamin Cuccolo

Business and Economics Honors Papers

This study investigates the economic and institutional factors that influence lengthening contracts in Major League Baseball. Using a dataset of 652 free agent position players that signed for two years or longer from 1991 to 2025, this paper explores how factors such as age, relative player performance, collective bargaining agreements, and risk management strategies affect contract length. Results from the regression model show that younger players that are higher performing are more likely to receive long-term deals. Additionally, those that are extended a qualifying offer also typically sign for longer term deals as suggested by the regression results. A separate …

2025 Acssc Program, Acssc Planning Committee

Annual Celebration for Student Scholarship and Creativity

No abstract provided.

Corporate Social Responsibility: Are There Financial Incentives?, Ashlyn Ryan

Economics Honors Projects

In the early 2000s, consumer trends increasingly influenced corporations to engage in Corporate Social Responsibility (CSR). More recently, however, this trend has shown signs of reversing, which is puzzling, given that engagement in CSR may lead to enhanced company financial performance through channels of competitive advantage or risk reduction. Using event study methods, I analyze how investors respond to signals in the form of third-party recognitions for companies’ CSR activities. Third-party recognitions, may provide new information, altering investor behaviors and decision making. I find no statistically significant relationship between the announcement of these recognitions and either abnormal stock returns or …

The Formation Of The American League In Baseball; Changes In American Society And Culture That Contributed To The Demand For More Baseball In The Late 19th Century, Shawn M. Smith

Bound Away: The Liberty Journal of History

The second professional major league (the American League) in baseball came about in response to the demand for more baseball entertainment due to the increased amount of leisure time Americans had in the late-19th century as society started the shift from an agricultural based lifestyle to a culture who worked predominantly in factory work.

The culture and society of the day changed drastically due to changing economic conditions of the time period. Due to monumental changes in industry, the vast majority of the population had shifted from working in an agrarian society to working in factories as a result of …

Impact Of Innovation On Firm Performance Via Corporate Entrepreneurship And The Role Of Information And Communication Technology Use, Amir Foroughi, Reihaneh Sadat Hajmirsadeghi, Reza Shokuh Saljoghi, Mina Kharzami

Arab Economic and Business Journal

This study aims to examine the moderating role of ICT and improve the analytical framework . The research employed a non-probability convenience sampling technique. Data was collected from 210 respondents and analyzed using partial least squares (PLS) methods. First, it addresses the under explored role of corporate entrepreneurship as a complementary factor in enhancing the impact of technological innovation on organizational performance, particularly in the context of ICT integration. Second, it provides empirical evidence from Iran, Third, the study introduces a refined analytical framework that highlights the moderating role of ICT.

Lessons Learned: Fabrizio López-Gallo, Mercedes Cardona

Journal of Financial Crises

Fabrizio López-Gallo served as the Bank of Mexico’s director general of financial stability during the COVID-19 pandemic, having been financial sector specialist and risk analysis and special projects manager for the central bank during the 2007–09 Global Financial Crisis (GFC). The Mexican government declared a health emergency at the outbreak of the pandemic and implemented a general economic shutdown. The Bank of Mexico intervened by cutting rates and initiating extraordinary measures, such as adding bond swaps and loosening rules for minimum deposits at commercial banks to provide liquidity. It gave flexibility to commercial banks to grant forbearance on mortgage payments …

Lessons Learned: Cecilia Skingsley, Maryann Haggerty

Journal of Financial Crises

During the Swedish banking crisis of the early 1990s, Cecilia Skingsley was the press secretary for the Ministry of Finance. She held various roles, including chief economist, at Swedbank, one of Sweden’s largest banks, from 2007 to 2013, a period that included the Global Financial Crisis (GFC) and European Sovereign Debt Crisis. Swedbank suffered heavy losses amid the GFC and relied on a government guarantee program for support. In 2013, she became a deputy governor of Sveriges Riksbank, Sweden’s central bank; in 2019, she became first deputy governor. Skingsley left the Riksbank in September 2022 to become head of the …

Lessons Learned: Philip Lane, Mary Anne Chute Lynch, Rosalind Z. Wiggins

Journal of Financial Crises

Philip Lane served as governor of the Central Bank of Ireland from 2015 to 2019. He introduced countercyclical capital and systemic buffer tools and initiated research into the role and risks of cross-border inflows across Ireland. As a member of the Governing Council of the European Central Bank (ECB) since 2015, Lane has advocated for the European Union to adopt macroprudential policies and tools. He hailed the work of the European Systemic Risk Board and similar institutions established after the Global Financial Crisis (GFC) and the European Sovereign Debt Crisis to share data, information concerning risks, and concerns over financial …

Lessons Learned: J. Christopher Flowers, Mary Anne Chute Lynch

Journal of Financial Crises

J. Christopher Flowers has been managing director, CEO, and chairman of the private investment firm J.C. Flowers & Co. LLC for many years. During the Global Financial Crisis (GFC) of 2007–2009, Flowers was involved with investing in some of the largest banks and financial institutions in the world and advising and consulting with them on possible acquisitions, mergers, and sales as several of these firms began to collapse. In the fall of 2008, Flowers worked closely with the Bank of America (BofA) on proposals to acquire Lehman Brothers and Merrill Lynch, and he developed a plan for private investors to …

Lessons Learned: Giorgio Gobbi, Mercedes Cardona

Journal of Financial Crises

Giorgio Gobbi joined the Economic Research Department of the Bank of Italy in 1990 and was assigned to carry out analysis and research on the banking industry. From 1998 to 2004, he headed the department’s Financial Intermediaries Office and represented the bank at the International Monetary Fund, the Bank of International Settlements, and the European Central Bank. Starting in 2007, Gobbi headed the Financial Structure and Intermediaries Division within the bank’s Structural Economic Analysis Department. He was appointed deputy head of the Financial Stability Unit in 2013 and became head of the Financial Stability Directorate in 2014.

Eliminating Discount Window Stigma: What Can We Learn From Abroad?, Susan Mclaughlin

Journal of Financial Crises

This article picks up from an earlier Journal of Financial Crisis policy note on discount window design to see how the experiences of other central banks can inform work to redesign the discount window to reduce stigma. As explained in that article, banks’ reluctance to use the discount window is problematic for financial stability as it constrains the Fed’s ability to use its liquidity provision tools to stem runs and mitigate contagion in times of stress. The stigma associated with discount window borrowing in the United States is well documented and is a multifaceted phenomenon.

Lessons Learned: Jesper Berg, Maryann Haggerty

Journal of Financial Crises

The career of Jesper Berg, a Danish economist, has spanned multiple financial crises. He held positions with the Danish central bank, Danmarks Nationalbank, from 2004 to 2010, first as head of market operations and later as head of financial stability. He had served as head of the capital markets and financial structure division at the European Central Bank from 2000 to 2004, and earlier he was an economist at the International Monetary Fund’s Exchange and Trade Relations Department. This Lessons Learned summary is based on an interview with Berg in December 2022, when he was director general of the Danish …

Liquidity Facilities Provided To Banks During The Dominican Republic Financial Crisis Of 2003, Marco Porfirio Martínez

Journal of Financial Crises

As part of an agreement with the International Monetary Fund (IMF), the Central Bank of the Dominican Republic (CBDR) released a comprehensive document providing an overview of the origins and handling of the 2003 financial crisis. This Archive Note builds on the highlights of that document by discussing primary factors that led to problems within Banco Intercontinental (Baninter), the bank that triggered the crisis; detailing measures the CBDR implemented to mitigate the situation; and addressing the consequences for two other major banks, Banco Mercantil and Bancrédito.