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Full-Text Articles in Economics

Denmark: General Guarantee Scheme, 2008, Benjamin Hoffner Dec 2022

Denmark: General Guarantee Scheme, 2008, Benjamin Hoffner

Journal of Financial Crises

As foreign credit in Denmark dried up during the summer of 2008, Danish banks became increasingly reliant on short-term borrowing. The government took over the failing Roskilde Bank, the country’s eighth-largest bank, in late August. On October 5, 2008, the government announced a voluntary General Guarantee Scheme to fully insure deposits and other senior liabilities of participating banks. Banks could participate in the scheme by becoming members of the financial sector’s banking consortium, Det Private Beredskab, or in English, the Private Contingency Association (PCA), before October 13, 2008. The General Guarantee Scheme fully insured all depositors and senior unsecured creditors …


Blanket Guarantees Survey, Christian M. Mcnamara, Carey K. Mott, Greg Feldberg, Andrew Metrick Dec 2022

Blanket Guarantees Survey, Christian M. Mcnamara, Carey K. Mott, Greg Feldberg, Andrew Metrick

Journal of Financial Crises

This paper surveys 10 blanket guarantee (BG) programs across 13 Key Design Decisions. The defining characteristics of these programs in terms of their inclusion in our BG series are (a) that they guaranteed a broader range of liabilities beyond deposit accounts and (b) that the guarantees covered existing liabilities in addition to newly issued ones. Each case represents an effort to eliminate creditors’ incentive to withdraw funding from institutions by guaranteeing that the funding will be paid back even if the institutions are unable to do so themselves. The main themes that emerge are: (a) the inability of blanket guarantees …


Reserve Requirements Survey, June Rhee, Carey K. Mott, Greg Feldberg, Andrew Metrick Dec 2022

Reserve Requirements Survey, June Rhee, Carey K. Mott, Greg Feldberg, Andrew Metrick

Journal of Financial Crises

Banks have a private motive to hold some level of cash and liquid reserves, but the negative externalities of bank runs create a public interest in setting a regulatory level higher than the privately optimal level. We can think of such reserve requirements (RRs) as the original form of liquidity regulation. In this paper, we focus on 14 cases in which central banks adjusted RRs after crises hit, typically to deal with liquidity shortages in the banking system. We observe that RR adjustments have several advantages in a crisis: (1) such changes require little process, and the change for banks …


Manufactured Homes In Nevada Counties, Joshua Padilla, Annie Vong, Caitlin J. Saladino, William E. Brown Jr. Dec 2022

Manufactured Homes In Nevada Counties, Joshua Padilla, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.

Housing & Real Estate

This fact sheet presents data on the share of manufactured homes in each of Nevada’s 17 counties, as reported in the June 2022 The Daily Yonder article, “With Housing Shortage Still Ongoing, Manufactured Homes are Gaining Ground,” by Kristi Eaton. The original report includes data made available by the Housing Assistance Council (HAC) for each county in the United States from 2009 and 2018.


The Economic Opportunity Mapping (Eom) Tool, Craig W. Carpenter, Anders Van Sandt, Rebekka Dudensing, Scott Loveridge, Linda S. Niehm Dec 2022

The Economic Opportunity Mapping (Eom) Tool, Craig W. Carpenter, Anders Van Sandt, Rebekka Dudensing, Scott Loveridge, Linda S. Niehm

Journal of Extension

Extension professionals increasingly understand data as integral to economic development planning and related efforts. However, regional economic data is often inaccurate, expensive, and unengaging for stakeholders. The Economic Opportunity Mapping Tool provides industry-specific free online interactive maps to engage stakeholders in the process of economic development planning, while also helping connect the determinants of business location with real local data on industry establishments.


Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman Dec 2022

Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman

The Downtown Review: An Interdisciplinary Journal Written and Peer-Reviewed by Mandel Honors College Students at Cleveland State University

Under financial capitalism, ordinary people are increasingly becoming 'unwilling gamblers' of a risky and unstable system. This paper explores the social and institutional change behind the neoliberal movement and considers how the politics and policies of neoliberalism have contributed to a certain environment of financial instability. Looking at the changing nature of the economy, the rapid expansion of the financial sector, and the persisting issue of moral hazard underlying risky and speculative behaviors among other items, reveals a financial system in which recessions and crises can be considered a natural, although not inevitable, effect.


Should I Stay Or Should I Go: The Impact Of Crossing Migrants In Local Communities In Mexico, Norma M. De La Rosa-Bustamante Dec 2022

Should I Stay Or Should I Go: The Impact Of Crossing Migrants In Local Communities In Mexico, Norma M. De La Rosa-Bustamante

Whittier Scholars Program

The interactions between migrants and Mexican local communities have positive and negative outcomes. A report by Human Rights First found that more than 630 violent crimes against asylum seekers were reported in the first few months of the “Remain in Mexico” policy. Still, some migrants have been able to assimilate and stay in Mexico, particularly in large cities such as Tijuana, Baja California and Ciudad Juarez, Chihuahua. This research project combines qualitative data collected through interviews with local NGOs between September 2020 to February 2021 and secondary research data. It focuses on the living conditions of migrants who have stayed …


Southeast Asia & The Hidden Green Revolution: A Study On Foreign Direct Investment In Eco-Investments In Asean, Ravi Chailertborisuth Dec 2022

Southeast Asia & The Hidden Green Revolution: A Study On Foreign Direct Investment In Eco-Investments In Asean, Ravi Chailertborisuth

Undergraduate Honors Theses

This paper aims to find: To what extent foreign direct investment is fueling the renewable energy transition in ASEAN. The year 1966 saw the founding of ASEAN, the Association for Southeast Asian Nations. The five founding member nations were: Indonesia, Malaysia, Philippines, Singapore, and Thailand. Over time, this group of nations grew to include nations such as: Laos, Cambodia, Vietnam, Brunei, and Myanmar. The IGO (inter-governmental organization) aims to foster “economic, social, cultural, technical, educational and other fields” (ASEAN). The IGO is successful, allowing capital to flow cross-borders with more ease, and encourage economic corporation across all nations. Since …


Abduction Threat Surviving Skills In Basic School Education Curriculum In Nigeria: Teachers' Views, Eke Ogbu Eke, Ibebuike Ursla Obiageri, Ngozi Enwereuzoh, Ijeoma Ubochi Dec 2022

Abduction Threat Surviving Skills In Basic School Education Curriculum In Nigeria: Teachers' Views, Eke Ogbu Eke, Ibebuike Ursla Obiageri, Ngozi Enwereuzoh, Ijeoma Ubochi

Young African Leaders Journal of Development

This descriptive survey was on abduction threat surviving skills in basic school education curriculum in Nigeria: teachers' views. The purpose of the descriptive survey was to determine Lower and Middle Basic School teachers' views on infusing abduction threat surviving skills in Basic school curriculum for schoolchildren safety in school environment. The population comprises 209 public school primary teachers in Umuahia North L.G.A. of Abia State. The simple random sampling technique with non-replacement technique was used to select the sample of 143 primary school teachers (41 male and 102 female teachers). Researchers' made attitude questionnaire titled” Basic School Teachers Questionnaire on …


Impact Of The Russo-Ukraine War African Students And Families: Community-Based Approach To Humanitarian Mutual Aid, Macire Aribot, Nassim Ashford Dec 2022

Impact Of The Russo-Ukraine War African Students And Families: Community-Based Approach To Humanitarian Mutual Aid, Macire Aribot, Nassim Ashford

Young African Leaders Journal of Development

Africans and African-descent refugees from Ukraine have faced racism and discrimination since the onset of the Russian-Ukraine war. When seeking refuge in neighboring countries, African people experienced differences in treatment when crossing the borders of European countries. Historically, European countries have enforced strict anti-immigration policies to deter Black and Brown people of color from migrating to their countries. This paper explores racism and discrimination experienced by African and African-descent refugees fleeing Ukraine and the inequity in the global humanitarian response for Africans and other people of color affected by the Russia-Ukraine war. As a result, this paper will highlight community-based, …


Corruption And Non-Performing Loans, Ardit Gjeçi, Matej Marinč Dec 2022

Corruption And Non-Performing Loans, Ardit Gjeçi, Matej Marinč

Economic and Business Review

This article empirically evaluates the impact of corruption on the level of non-performing loans (NPLs) using the international bank-level data, spanning over the period 2000–2016 and across 140 countries. We find a positive and statistically significant relationship between corruption and NPLs. We also analyze the channels through which corruption affects NPLs. We find that the relationship between corruption and NPLs becomes more pronounced during and after the global financial crisis and is more pronounced for smaller banks. The association between corruption and NPLs is stronger in countries characterized by a high level of collectivism. The link between corruption and NPLs …


The Livingston Survey 2022, S. Anderson, B. Bovino, M. Brown, Thomas Lam, Et Al Dec 2022

The Livingston Survey 2022, S. Anderson, B. Bovino, M. Brown, Thomas Lam, Et Al

Sim Kee Boon Institute for Financial Economics

The 16 participants in the December Livingston Survey weakened their forecasts for real GDP growth, compared with their projections in the June 2022 survey. The forecasters, who are surveyed by the Federal Reserve Bank of Philadelphia twice a year, expect 2.0 percent annualized growth in real GDP during the second half of 2022. They project 0.4 percent annualized growth over the first half of 2023. The forecasters predict that real GDP will continue to decline and reach -1.0 percent annualized growth in the second half of 2023.


Front Matter, Yaljod 4.1, Sombo Muzata Dec 2022

Front Matter, Yaljod 4.1, Sombo Muzata

Young African Leaders Journal of Development

Includes: Forewords from Amb. Dr. Salah Siddig Hammad (Head, African Governance Architecture, African Union Commission), Vasu Gounden (Executive Director, ACCORD South Africa), and Asha T. Rodney (Board Vice Chair, Walter Rodney Foundation);Preface from Prince Ifoh (Founder, YALF); and Acknowledgements.


Harnessing The Youth Bulge For Transformative Leadership, Transparency And Accountability In Africa: The Case Of Mozambique And Zimbabwe, Tendaishe Tlou Dec 2022

Harnessing The Youth Bulge For Transformative Leadership, Transparency And Accountability In Africa: The Case Of Mozambique And Zimbabwe, Tendaishe Tlou

Young African Leaders Journal of Development

In every part of the globe, the 21st century has seen an increase in the youth bulge accompanied by a surge in youths' involvement in various issues. Youth alone now constitute more than 65% (both male and female) of Africa's population becoming impossible to leave youths behind in any processes. Perhaps in the new millennium, the Arab Springs in North Africa and the #feesmustfall South African protests changed the course of history and discourse around leadership issues in Africa. Historically, challenges and opportunities confronting youths in Africa are traditional. Hierarchy (both political and social) always defines the leadership criteria. Historically, …


Natural Disasters In Africa; Impacts On Sustainable Development, Shawgei Salah Ahmed Ismaeil Dec 2022

Natural Disasters In Africa; Impacts On Sustainable Development, Shawgei Salah Ahmed Ismaeil

Young African Leaders Journal of Development

Environmental disasters in the world are among the leading causes of death in the recent past, and the African continent is no exception: drought, desertification, floods, landslides, hurricanes and earthquakes are prevalent. This paper draws attention to the deadly effects of natural disasters on Africa’s development, using the Star Analysis System in terms of presenting the overall situation in the five regions of the African continent, and identifying the significant threatening and constraining cost of development by showing that the large amounts lost could have been used to achieve sustainable development compared with the areas of sustainable development goals effected …


Information And Communication Technologies And Employment In The Services Sector: The Case Of The Economic Community Of West African States, Kossi Naita Edem, Kokou Dzifa Dec 2022

Information And Communication Technologies And Employment In The Services Sector: The Case Of The Economic Community Of West African States, Kossi Naita Edem, Kokou Dzifa

Young African Leaders Journal of Development

The rise of information and communication technologies is a channel for job creation in the ECOWAS services sector because they make work more efficient and are a source of innovation. In this article, we analyse the impact of information and communication technologies on employment in the services sector in ECOWAS. In contrast to their ambiguous impact on employment in countries with a fairly high ICT penetration rate, we rather expect the internet to have a potentially positive impact on employment in the service sub-sectors of education, health, distribution, transport & communication and finance & insurance. Furthermore, most of the control …


Yaljod Full Issue 4.1, Sombo Muzata Dec 2022

Yaljod Full Issue 4.1, Sombo Muzata

Young African Leaders Journal of Development

The Young African Leaders Journal of Development (YALJOD) is a biennial journal and an official publication of the Young African Leaders Forum (YALF). It was established in 2015 to host scholarly analysis and competing viewpoints about the development of Africa; and it’s multidisciplinary approach makes it more formidable. YALJOD accepts papers from varied disciplinary areas — including Social Sciences, Physical Sciences and Humanities — that show direct relevance to the development of Africa. It publishes researches understood as the social, economic, political, cultural and technological processes of change in Africa. The intended audience of the journal remains the entire African …


Global Adverse Effects Of Scientific Prescribed Medications: Covid-19 Vaccines, Albert Mcbell Ninepence Dec 2022

Global Adverse Effects Of Scientific Prescribed Medications: Covid-19 Vaccines, Albert Mcbell Ninepence

Young African Leaders Journal of Development

The impact of scientific prescribed medications are tremendous and cannot be overemphasized. Irrespective of scientific prescribed medications impacts, in recent epoch it has attracted some criticisms on its efficacy. Prescribed medications are medications from scientific treatments or cure which is the widely accepted approach to curing or treating illnesses and diseases. On the other hand, traditional prescribed medications which are non-scientific tend to be less utilized, ignored and extremely criticized by pure scientists. The criticisms surrounding scientific prescribed medications escalated during the era of COVID-19. While some people resorted to the use of scientific prescribed medications of COVID-19 vaccines to …


The Implication Of Corruption On Sustainable Development In Africa: (Using Nigeria As A Case Study), Ezeifekwuaba Tochukwu Benedict Dec 2022

The Implication Of Corruption On Sustainable Development In Africa: (Using Nigeria As A Case Study), Ezeifekwuaba Tochukwu Benedict

Young African Leaders Journal of Development

The scenario of the rise of corruption in Africa particularly in Nigeria is so much a problem. It cuts across the various Private Sectors including different tiers of government. This research paper applied collected secondary data from library materials, government publications, journals, the internet and daily newspapers. The kernel of the research paper is on the facts that corrupt practices among the class of political leadership have led to the undermining of the stability and growth of the country's economy. Also, it is discovered that corruption maximizes the poverty level that triggers criminal exercises in the Nation. The paper suggests …


Nation-Building And Africa's Development: A Historical And Philosophical Analysis, Adewale Onagbesan Dec 2022

Nation-Building And Africa's Development: A Historical And Philosophical Analysis, Adewale Onagbesan

Young African Leaders Journal of Development

From the 1960s onwards until recent time, a number of African States across the various regions have been faced with differing challenges that confront either stability, sovereignty, and in some cases, their permanent existence as evident during the period 1960-70 which was widely referred to as the decade of optimism, and the period 1970-80 which was clearly referred to as the decade of pessimism due to the number of events that manifested. Clearly in the light of this, Nation-Building in Africa has experienced chequered fortune in the past half a century of independence, up to present times, and the challenge …


Teachers Productivity In Nigerian Primary Schools: A Critical Analysis In The 21st Century, Ugochukwu Mercy Prince-Ifoh Dec 2022

Teachers Productivity In Nigerian Primary Schools: A Critical Analysis In The 21st Century, Ugochukwu Mercy Prince-Ifoh

Young African Leaders Journal of Development

Teacher productivity is a nagging issue in education. The teacher – as the most important factor in the business of teaching and learning – shapes the direction and influences, to a great extent, other educational inputs to achieve the stated goals of the education industry. All over the globe today, we have continued to see National Development being intricately tied to educational development – and the teacher is the critical element. Many countries of the world have realised this critical role of teachers in the educational process, and have started investing hugely on the teacher and fine-tuning his/her skills and …


Black Minds Matter: Exploring The Double Trauma Of Anti-Blackness And War On The Psycho-Political Well-Being Of African And African-Descent Refugees From Ukraine, Macire Aribot, Nassim Ashford, Korea S. Badio Dec 2022

Black Minds Matter: Exploring The Double Trauma Of Anti-Blackness And War On The Psycho-Political Well-Being Of African And African-Descent Refugees From Ukraine, Macire Aribot, Nassim Ashford, Korea S. Badio

Young African Leaders Journal of Development

Amid the horror of the Russia-Ukraine war, Black refugees from Ukraine have suffered multiple traumas: The trauma of war and the trauma of anti-blackness. The world caught a glimpse of this via social media and news reports that African people were physically blocked from boarding trains and buses by Ukrainian officials, as well as neighboring countries denied entry to people who were not “Ukrainian.” These double traumas have undoubtedly placed Black refugees in Ukraine among the most vulnerable group of people in this humanitarian crisis. However, despite the psycho-political suffering Black refugees have experienced during the Russia-Ukraine war, their voices, …


Realizing Sdgs In Indonesia Through Productive Waqf, Faizatu Almas Hadyantari Dec 2022

Realizing Sdgs In Indonesia Through Productive Waqf, Faizatu Almas Hadyantari

Journal Of Middle East and Islamic Studies

Waqf is a form of Islamic social financial instrument that has sustainability benefits. Efforts to produce waqf assets aim to increase their use to create an even distribution in all aspects. This is in line with the Sustainable Development Goals (SDGs), namely maintaining sustainable improvement in the economic welfare of the community, maintaining the sustainability of community social life, and maintaining environmental quality. the pillars of development are the pillars of social development, the pillars of economic development, the pillars of environmental development, and the pillars of governance and law. The research method used is a qualitative study of literature …


Savings-Investment Gap In Sub-Saharan Africa: Does The Interaction Of Financial Sector Development And Migrant Remittances Matter?, Wasiu Adekunle, Oluwatosin Adeniyi, Joshua Afolabi, Musibau Babatunde, Edward Omiwale Dec 2022

Savings-Investment Gap In Sub-Saharan Africa: Does The Interaction Of Financial Sector Development And Migrant Remittances Matter?, Wasiu Adekunle, Oluwatosin Adeniyi, Joshua Afolabi, Musibau Babatunde, Edward Omiwale

CBN Journal of Applied Statistics (JAS)

This study analyses the interactive effects of migrant remittances and financial development on savings-investment gap for a panel of 18 Sub-Saharan Africa (SSA) countries from 1990-2017. Results from a panel ARDL model show that migrant remittances reduce savings-investment gap in the long run. The gap is further reduced when the individual effect of financial development, and the interactive effects of migrant remittances and financial development are taken into consideration. Further analysis reveals evidence of widening effects of rising real GDP growth and bank deposits over a long-term horizon, while higher private sector credit widened the savings-investment gap only in the …


Effective Community Development In Informal Settlements Through Analysis Of The Kibera Slum In Kenya, Chloe Powell Nov 2022

Effective Community Development In Informal Settlements Through Analysis Of The Kibera Slum In Kenya, Chloe Powell

Undergraduate Theses

Many people have a heart for those living in poverty, but very few have a mind for how to fight poverty well, according to Harvard University Professor Michael Fairbanks. The Kibera slums in Kenya is no exception to the plethora of challenges informal settlements face concerning development, including a lack of security of tenure, corruption, an unhealthy business environment, and a lack of jobs. Kibera has been the subject of numerous studies and development efforts throughout the years and has faced a long history of failed government interventions. In 2020, Kenya received almost $4 billion from the U.S. in official …


The Future Of Our Economy - Part I, Ishrat Husain Dr. Nov 2022

The Future Of Our Economy - Part I, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The future of any economy is closely linked with its present and the past. Pakistan’s economic past has gone through different phases with impressive growth and poverty reduction in the 1960s, 1980s, 2000-2007 and 2014-16, and 2020-22. The immediate precarious situation where both consumer and business confidence are at the lowest ebb, international ratings and market sentiment are negative and foreign exchange constraints are binding, if projected into the future and discounting the past, may result in an extremely dismal outlook. Should the present assumptions be carried forward as they are? Would these circumstances – both external and internal – …


The Penn Effect And Marx's International Law Of Value: A Review Of Value And Unequal Exchange By Andrea Ricci, Giuseppe Quattromini Nov 2022

The Penn Effect And Marx's International Law Of Value: A Review Of Value And Unequal Exchange By Andrea Ricci, Giuseppe Quattromini

Markets, Globalization & Development Review

Placing itself in the revival of interest in unequal exchange, Ricci's book claims the need to give the theory a new conceptual foundation to justify recent proposals to estimate unequal exchange on the basis of the so-called Penn effect. In order to do that, Ricci identifies Marx's international law of value as a fitting theoretical framework and hence develops a radically innovative theory of global capitalist exploitation through international trade. Finally, he assesses the magnitude of unequal exchange over the past three decades by producing estimates based on the proposed approach.


Cutting Edge Technology Metros In The Mountain West, 2021, Sofia Takhtadjian, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr. Nov 2022

Cutting Edge Technology Metros In The Mountain West, 2021, Sofia Takhtadjian, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet highlights data on cutting-edge technology metros in the Mountain West, as originally reported in the Commercial Cafe report, “Boulder Tops Silicon Valley as Most Cutting-Edge Metro in the U.S.” Of the top 30 cutting-edge metros in the nation, four are in the Mountain West: Boulder, CO (1st nationally); Denver, CO (7th nationally); Salt Lake City, UT (10th nationally); and Phoenix, AZ (27th nationally).


Mountain West States Most Dependent On The Federal Government, 2022, Saha Salahi, Caitlin J. Saladino, William E. Brown Jr. Nov 2022

Mountain West States Most Dependent On The Federal Government, 2022, Saha Salahi, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet synthesizes data from the SmartAsset report, “States Most Dependent on the Federal Government – 2022 Edition.” This fact sheet explores federal government dependency for the following Mountain West states: Arizona, Colorado, Nevada, New Mexico, and Utah.


Growth In High-Paying Jobs: Mountain West Metros, Joshua Padilla, Caitlin J. Saladino, William E. Brown Jr. Nov 2022

Growth In High-Paying Jobs: Mountain West Metros, Joshua Padilla, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data from a Stessa report titled, “U.S. Cities with the Largest Growth in High-Paying Jobs.” Data are presented for 25 metros in the Mountain West (Arizona, Colorado, Nevada, New Mexico, and Utah).