Economics Commons^™

What Makes Green Parties Successful: A Comparative Analysis Of Germany, Austria, And France, Macy Miller

Honors Program: Senior Projects (Public)

Starting in the 1980s, green parties began to make their debut. Their establishment was considered to be largely in response to environmental and anti-nuclear movements. Although their history has been quite brief, these parties have been making waves throughout the world. Throughout this research, a pattern arises between economic stability and quality of life, mainstream party competition, policy positions, and green voters themselves when examining the success of the green parties. In particular, they have demonstrated great success in the European Union. In an attempt to explain this success, this research explores three specific green parties: the German, the Austrian, …

Economic Insecurity And Social Stability: An Exploration Of One Of Capitalism’S Vicious Cycles, Costas Panayotakis

Publications and Research

This article analyzes how capitalism’s connection to economic insecurity can, rather than fomenting social unrest, facilitate its reproduction. Also responding to contrasts in the literature between rising insecurity in recent decades and the containment of insecurity in capitalism’s post-war ‘golden age,’ this article explains why growing insecurity is more consistent with capitalism’s normal operation. Underlining the difficulty of replicating post-war efforts to mitigate insecurity through social and welfare policies, this article also sketches how the vicious cycle between capitalism and economic insecurity contributes to other serious social problems, including racism, sexism, xenophobia, the hollowing out of political democracy and a …

The Islamic Parties In Power Experience In Both Egypt And Turkey: A Political Economy Comparative Study As Stated By Michael Mann's Theory Of " The Sources Of Social Power", Durgham Shtaya

Journal of the Arab American University مجلة الجامعة العربية الامريكية للبحوث

The study aimed to compare between the experience of Turkish Justice and Development Party (JDP), and Egyptian Muslim Brotherhood in power, by using Mann's theory (1986, 1993) of social power, which depends on four power networks (Ideological, Economic, Political and Military networks) through applying this theory to the Turkish and Egyptian cases. It has been found out that the (JDP) has invested its control in the political network, particularly through its success in the elections, to penetrate and control the other power networks. It has achieved that by adapting its flexible ideology, which has contributed to the solution of many …

The Influence Of Economic Factors And Policies On Deforestation In Tanzania, Thadei D. Sagamiko, Nyimvua Shaban Mbare

Journal of Humanities and Social Sciences

In this paper we analysed the influence of economic factors and policy on the rate of deforestation in Tanzania. A multiple linear regression model was formulated and the effects of each factor on deforestation were tested. The ordinary least squares method was used to estimate the model parameters. Correlation analysis revealed that per capita income, per capita purchasing power, and electricity consumption have positive relationship with deforestation rate; while inflation rate and poverty rate have a negative relationship with deforestation rate. All factors were found to be significant and were used for regression analysis. By considering the p-value at 5% …

Beyond The Capitalist Workplace: How The Production Of Surplus Across The Economy Keeps Producers Divided, Costas Panayotakis

Publications and Research

This article analyzes the public and household sectors of the economy as sites of surplus production within contemporary capitalist societies. It also shows how the coexistence of structurally distinct spheres of surplus production creates divisions among workers in the private, public, and household sectors of the economy, thus amplifying the racial, gender, and other divisions which have often in the past kept working people divided. Fueling these cross-sector divisions is the appearance that private-sector workers are paid for their labor rather than for their labor-power. Thus, this article also explores an implication of this appearance which Karl Marx, the thinker …

Libraries At The Centre Of Community Transformation: A Bibliometric Study (2009-2019) Of The Influence Of Libraries On Segments Of Human Communities In Nigeria, Tochukwu Victor Nwankwo, Adizetu A. Ali Dr, Boniface U. Asadu

Library Philosophy and Practice (e-journal)

Purpose – The objective of the research was to undertake a bibliometric study (2009-2019) on the influence of libraries on segments of human communities in Nigeria. The specific objectives are to determine the bibliometric newspapers, databases, and institutional repository components of the Nigerian Academic, Social, Economic, Judicial, Political, Health, Cultural, and Religious Communities.

Design/methodology/approach – The method adopted was the descriptive survey research design; specifically the online content analysis technique was co-opted. The study covered all the publications published for or about Library Transformation in Nigeria by both Nigerians and foreigners (2009-2019); that are domiciled in Nigerian Online Newspapers, Online …

Lessons Learned: Lorie Logan, Mercedes Cardona

Journal of Financial Crises

Lorie Logan is executive vice president in the Markets Group of the Federal Reserve Bank of New York, the System Open Market Account (SOMA) manager pro tem for the Federal Open Market Committee (FOMC), and head of Market Operations, Monitoring, and Analysis (MOMA).

The United Kingdom's Asset-Backed Securities Guarantee Scheme (U.K. Gfc), June Rhee

Journal of Financial Crises

The key structures of housing finance in the UK in the years leading up to the global financial crisis of 2007-09 consisted of retail deposits, secondary market funding and wholesale interbank lending. Although retail deposits were the major funder of UK mortgages, secondary market funding, which included covered bonds and residential mortgage-backed securities (RMBS), accounted for 31% of UK mortgage lending in 2006. In 2007, the collapse of the U.S. subprime mortgage market triggered a financial shock, and the shock quickly traveled beyond national borders. Regardless of differences in the UK mortgage market, investors’ concern over the prospects of the …

Sweden's Guarantee Scheme (Sweden Gfc), Lily S. Engbith, Kevin Kiernan

Journal of Financial Crises

Although Sweden was not as directly impacted by the Global Financial Crisis as some other economies, Lehman Brothers’ bankruptcy on September 15, 2008, prompted Swedish authorities to take preemptive measures to protect domestic banks and financial institutions. One such program, announced on October 20, 2008, and implemented on October 29, 2008, was designed to preserve credit extension to businesses and households through what became known as the Swedish Guarantee Scheme. Per the terms of the Scheme, new short- and medium-term debt of maturities ranging from 90 days to five years issued by eligible banks would be guaranteed by the Swedish …

French Liquidity Support Through The Société De Financement De L’Economie (Sfef) (France Gfc), Everest Fang

Journal of Financial Crises

After the collapse of the Lehman Brothers in September 2008, financial panic and uncertainty intensified in Europe. In France, banks faced a widespread confidence crisis driven by fear that they were exposed to the US subprime market. In response, on October 13, 2008, the French government passed the “loi de finances rectificative pour le financement de I'économie.” This provided for the establishment of the Société de Financement de l’Economie Française (SFEF), a special purpose vehicle (SPV) jointly owned by the State and a group of banks and responsible for refinancing major French credit institutions. The SFEF raised funds on the …

Denmark's Guarantee Scheme (Denmark Gfc), Keni Sabath

Journal of Financial Crises

The international financial system had been experiencing challenges for almost a year before the crisis truly manifested in Denmark during the Summer of 2008 with the sudden demise of Roskilde Bank, Denmark’s eighth largest bank. As more Danish banks became distressed in the fall of 2008 after the collapse of Lehman Brothers, the government determined that it was necessary to intervene in the banking sector through actions such as taking over and winding up distressed banks, giving guarantees to back up the sector, and providing capital injections and liquidity support. This paper focuses on the two different types of guarantee …

The Canadian Lenders Assurance Facility (Canada Gfc), Claire Simon

Journal of Financial Crises

Following a meeting of Group of Seven leaders in October 2008, the Canadian Minister of Finance announced the creation of a new Canadian Lenders Assurance Facility (CLAF). The facility enabled federally regulated deposit-taking financial institutions to access government insurance of up to three years on newly issued senior unsecured wholesale debt. This mirrored similar programs in other countries to ensure that Canadian financial institutions were not competitively disadvantaged in the wholesale debt market at a time when most developed countries were guaranteeing their banks’ debt. This competitive disadvantage never materialized, and the facility was allowed to expire on December 31, …

The Belgian Credit Guarantee Scheme (Belgium Gfc), Aidan Lawson

Journal of Financial Crises

Much like other developed economies during the global financial crisis, Belgium faced substantial systemic stress to its large and heavily concentrated financial system. To combat these mounting pressures, the Belgian government launched a wide-ranging, opt-in state debt guarantee program in a concerted effort to instill confidence and stymie the fear of runs in its financial sector. The debt guarantee scheme, pursuant to which eligible institutions could issue government-guaranteed debt, was originally put into place on October 15, 2008, and retroactively covered liabilities entered into from October 9, 2008, to October 31, 2009, with a maximum maturity of three years. It …

The European Central Bank's Three-Year Long-Term Refinancing Operations (Ecb Gfc), Aidan Lawson

Journal of Financial Crises

The announcement of the three-year Long-Term Refinancing Operations (LTROs) by the European Central Bank (ECB) on December 8, 2011, signaled the beginning of the largest ECB market liquidity programs to date. Continued and increasing liquidity-related pressures in the form of ballooning financial market credit default swap (CDS) spreads, Euro-area volatility, and interbank lending rates prompted a much more forceful ECB response than what had been done previously. The LTROs, using a repurchase (repo) agreement auction mechanism, allowed any Eurozone financial institution to tap essentially unlimited funding at a fixed rate of just 1%. Because the three-year LTROs were so similar …

The Term Asset-Backed Securities Loan Facility (Talf) (U.S. Gfc), June Rhee

Journal of Financial Crises

In the fall of 2008, the securitization market, which was the major provider of credit for consumers and small businesses, came to a near halt. Investors in this market abandoned not only the residential mortgage-backed securities that triggered the financial crisis but also consumer and business asset-backed securities (ABS), which had a long track record of strong performance, and commercial mortgage-backed securities (CMBS). Also, the unprecedented widening of spreads for these securities rendered new issuance uneconomical, and the shutdown of the securitization market threatened to exacerbate the downturn in the economy.

On November 25, 2008, the Federal Reserve (the Fed) …

Market Liquidity Programs: Gfc And Before, June Rhee, Greg Feldberg, Ariel Smith, Andrew Metrick

Journal of Financial Crises

The virulence of the Global Financial Crisis of 2007–09 (GFC) was explained in large part by the increased reliance of the global financial system on market-based funding and the lack of preexisting tools to address a disruption in that type of system. This paper surveys market liquidity programs (MLPs), which we define as government interventions in which the key motivation is to stabilize liquidity in a specific wholesale funding market that is under stress. Most of the MLPs surveyed in this paper were launched during and after the GFC, but two pre-GFC MLPs are included. A subsequent survey on MLPs …

The Effects Of Economic And Political Globalization On Level Of Democracy, Julianna R. Pestretto

Student Publications

Since the birth of the nation state, we have been undergoing a process called globalization. Simply put, globalization is the process of interaction and integration among the people, companies and governments of different nations. It is a process driven by trade and investment and supported by economic partnerships and institutions. As time goes on, the effects of globalization have become more intense, and are felt disproportionately across nations and socio-economic levels, resulting in a backlash that has been largely characterized by the rise of right-wing populism. It is thus important to study the effects that globalization has on level of …

Greening Inequality: How Urban Sustainable Development Fails Under Neoliberalism, Josie R. Allison

University Honors Theses

Despite its banner of common-good altruism, urban sustainable development becomes a branding scheme for municipalities when it operates under and prioritizes a neoliberal agenda. Neoliberalism is the dominant economic philosophy within the United States, and other western economies, that emphasizes extreme economic liberalism and open markets with public fiscal austerity and the diminished role of governments. This has transferred a great portion of power and funding once held by the public sector into the hands of the private sector. Under neoliberalism, city governments function with stripped federal funding and limited budgets, while leaning on private companies for public operations, like …

Friedrich Hayek On Monetary And Banking Systems Reforms, Adrian Ravier

Journal of New Finance

Throughout his life, Friedrich Hayek worked towards prescribing a monetary policy under which the world economy would again enjoy the stability it had known under the classical international gold standard system. This paper presents three banking and monetary systems that were pivotal in the history of banking and closely scrutinized by Hayek. The paper outlines those systems, summarizes Hayek’s comments on each and then discusses the recent literature on the subject in the light of Hayek’s influence.

Institutions, Structural Policies, And Economic Development: Evaluating The Interrelationships Between Rule Spaces For Developing Countries, Jordan Pattison

Student Summer Scholars Manuscripts

Research on long term economic development has consolidated around the central role of economic and political institutions. Within these institutional spaces, structural policies represent a subset of incentive structures with their own effects on economic behavior. To capture the separate effects of both institutional environments and structural policies, we construct an Institutional Index (II) and a Structural Policy Index (SPI) to evaluate their effects on income levels and short term growth rates for non-high-income states. This paper finds that both the II and SPI predict variations in income levels between non-high-income states, with the II producing a larger and more …

Swinging Shale: Shale Oil, Global Oil Market, And The Geopolitics Of Oil, Inwook Kim

Research Collection School of Social Sciences

Is shale oil “revolutionizing” the global oil market and the geopolitics of oil? If so, how? While two aspects of the shale boom—a new source of supply and a cause for the price collapse in 2014–2015—dominate the conventional wisdom, I argue that the most revolutionary change is the least understood aspect of shale oil—shale oil producers’ rise as new swing suppliers due to its unique extraction technique and cost structure. Shale oil producers also differ from traditional swing producers in motives, contexts, and an amount of accessible excess capacity such that while shale oil lowers the medium-term price ceiling, it …

Role Of The Botoh As Political Brokers And Gamblers During The Tulungagung Local Election Of 2018, Mohammad Darry Abiyyu

Jurnal Politik

Current studies on the botoh generally focus on gambling in village-head elections (pilkades) and how its role transforms from pilkades to local elections (pilkada). However, this article defines the botoh as a political broker and gambler during the 2018 local election of Tulungagung Regency. This research found that the botoh’s way of persuading voters had a positive effect on an unfavorable candidate and helped him win. This study conducted in-depth interviews of “big” botoh, observed field operation patterns, and collected documents from related parties. The practice of gambling during pilkada is categorized into three types: ngapit, leg-leg’an, and biting. This …

A Defense And Expansion Of The Theory Of Capitalist Ground Rent: Speculation, Securitization, And Struggles Over Land And Housing, Francesca Manning

Dissertations, Theses, and Capstone Projects

Why are the rents so high? Who is responsible for homelessness, for urban and rural displacement? How can these problems be combatted?

Recent literature addressing these questions has pointed to gentrification and the financialization of land and housing, faulted financialized landlords, hedge funds, and the irredeemable logic of finance, and pointed to the importance of land and housing regulation to prevent displacement.

However, theories of displacement—in both land and housing, on both urban and rural terrain—suffer from a lack of an underlying theory of the logic, tendencies, and limits of ground rent extraction in capitalism.

This dissertation develops a theory …

Economic And Strategic Significance Of Development Performance Of Special Economic Zones From The Perspective Of Maritime Industry, Yuemun Chan

World Maritime University Dissertations

No abstract provided.

The Impact Of Chinese Investments On The Kenyan Economy, Candice Newcomb

International Studies (MA) Theses

The involvement of China in Kenya has been increasing in recent years. China’s investments in Kenya are still impacting the Kenyan economy significantly. This thesis will examine the positive and negative impacts that the Chinese investments have had on the Kenyan economy.

This thesis will also address the role that the Kenyan government plays in the facilitating of the Chinese investments. It will highlight the importance the Kenyan government has in prioritizing policies such as labor laws for the Kenyan people. The Kenyan government has a responsibility to protect its citizens from the negative impacts of Chinese investments such as …

"At The Very Beginning, There's This Dream." The Role Of Utopia In The Workings Of Local And Cryptocurrencies, Diane-Laure Arjalies

Business Publications

Since the 2008 financial crisis, the number of alternative currencies aiming at transforming global financial institutions, such as local and complementary currencies (LCC) and cryptocurrencies, has exploded. Yet the motivations and workings of such monies are relatively unknown. This chapter aims to fill this gap by providing a framework that uncovers the ideals pursued by alternative currencies, and the effects of those ideals on the production of money. To do so, I present a comparative analysis of the valuation infrastructure – the processes through which value(s) is produced – of one LCC, Sol Violette, and three cryptocurrencies, Bitcoin, Ğ1 …

The Data City, The Idiom And Questions Of Locality, Noel Fitzpatrick

Articles

The paper aims to provide both a radical critique of the “smart city” as a techno-ideological apparatus,that through data analysis and algorithmic forms of governmentality tends to colonize space and time, and an attempt to reframe the very concept of intelligence within the smart cities. Two concepts are presented as tools for such a reframing: locality and idiom, where the first is conceived as openness of meaning generated by a territory, while the latter,analysed througha paradigmatic Irish example (Friel’s play Translations), prepares the ground for the pars construensof the paper. The claim, built by intertwining a set of authors (Ricoeur, …

Faith-Based Paths To Business Success: Malaysian Manifestations Of The Evangelical-Neoliberal Nexus, Králik Martin

Student Works (2020-2029)

The thesis profiles a number of evangelical Christian groups which operate in Malaysia’s Klang Valley. Some of them have embraced business, financing, investment and real estate undertakings on a significant scale. The objective was to cast new light on how the confluence of evangelical and neoliberal capitalist forces (occurring first in the United States and now transnationally) influenced and at times directly shaped their setting up, development and growth, as well as broader socioeconomic and political positions. In particular, the aim was to map out and analyse the founders’ and members’ choice of religious affiliation; their personal motivations and the …

Professor Mike Seeborg On Covid-19 Jobless Benefits, Eric Stock

Interviews for WGLT

IWU Professor of Economics Mike Seeborg said Congress should extend COVID-19 jobless benefits past July of 2020, but should also develop a plan to phase them out once jobless rates fall below 10%. Eric Stock from WGLT spoke to Seeborg about ecconomic issues related to Covid-19.

Economies Of Security: Foucault And The Genealogy Of Neoliberal Reason, Marshall Scheider

Gettysburg Social Sciences Review

Michel Foucault is well-known for his theorizations of institutional power, normativity, and biopolitics. Less well-known is the fact that Foucault developed his analysis of biopolitics in and through his historical investigation of neoliberalism. Today, while critique of neoliberalism has become a commonplace of humanities discourse, and popular resistance to neoliberalization rocks the southern hemisphere, it remains unclear that the historical specificity of neoliberalism is well-understood. In particular, the relation between classical liberalism and neoliberal governance remains murky in popular debate. As Foucault powerfully illustrates, this relation is far from clear-cut, and neoliberalism is not reducible to a simple extension of …