Economics Commons^™

European Banking Union B: The Single Resolution Mechanism, Rosalind Z. Wiggins, Michael Wedow, Andrew Metrick

Journal of Financial Crises

The options available to European governments to respond to a multinational bank in financial trouble have been severely limited since each country has its own unique laws and authority applicable to banks operating within its borders. The Bank Recovery & Resolution Directive (BRRD), which was adopted in 2013 and scheduled to go into effect January 2015, harmonizes rules across EU countries for how to restructure and resolve failing banks. However, the directive would maintain the existing system of individual national resolution authorities and resolution funds. To better secure the Eurozone banks and to compliment the Single Supervisory Mechanism, which was …

European Banking Union A: The Single Supervisory Mechanism, Rosalind Z. Wiggins, Michael Wedow, Andrew Metrick

Journal of Financial Crises

At the peak of the Global Financial Crisis in fall 2008, each of the 27 member states in the European Union (EU) set many of its own banking rules and had its own bank regulators and supervisors. The crisis made the shortcomings of this decentralized approach obvious, and since its formation in January 2011, the European Banking Authority (EBA) has been developing a “Single Rulebook” that will harmonize banking rules across the EU countries. In June 2012, European leaders went even further, committing to a banking union that would better coordinate supervision of banks in the then 18-country Eurozone. A …

European Central Bank Tools And Policy Actions B: Asset Purchase Programs, Chase P. Ross, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

Beginning in August 2007, the European Central Bank (ECB) used standard and non-standard monetary policies as the global financial markets progressed from initial turmoil to a widespread sovereign debt crisis. This case describes the key features of the ECB’s asset purchase programs throughout the Global Financial Crisis and subsequent European sovereign debt crisis. These programs include the Covered Bond Purchase Programs (CBPP1, CBPP2, CBPP3), Securities Markets Program (SMP), Outright Monetary Transactions (OMT), Asset-backed Securities Purchase Program (ABSPP) and the Public Sector Purchase Program (PSPP).

In combating the crises, the ECB designed various innovative programs which it successively employed as the …

European Central Bank Tools And Policy Actions A: Open Market Operations, Collateral Expansion And Standing Facilities, Chase P. Ross, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

Beginning in August 2007, the European Central Bank (ECB) responded to market turmoil with a variety of standard and non-standard monetary policy tools. This case discusses the operational framework of the ECB’s open market operation tools and standing facilities before and during the financial crisis. Specifically, this case describes the ECB’s use of its main refinancing and longer-term refinancing operations, the expansion of collateral eligible for use in Eurosystem credit operations, and the ECB’s standing facilities, including its marginal lending and deposit facilities.

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 C: Iceland’S Landsbanki Icesave, Arwin G. Zeissler, Thomas Piontek, Andrew Metrick

Journal of Financial Crises

At year-end 2005, almost all of the total assets of Iceland’s banking system were concentrated in just three banks (Glitnir, Kaupthing, and Landsbanki). These banks were criticized by certain financial analysts in early 2006 for being overly dependent on wholesale funding, much of it short-term, that could easily disappear if creditors’ confidence in these banks faltered for any reason. Landsbanki, followed later by Kaupthing and then Glitnir, responded to this criticism and replaced part of their wholesale funding by using online accounts to gather deposits from individuals across Europe. In Landsbanki’s case, these new deposits were marketed under the name …

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 …

Imo 2020 Sulfur Cap : Green Investment In Shipping Industry, Nishank Sharma

World Maritime University Dissertations

Winner of the 2019 Schlüter Foundation Dissertation Prize

Efficiency And Competitiveness Analysis Of Port Of Izmir, Oğuz Alpcan

World Maritime University Dissertations

No abstract provided.

A Comparative Analysis Of Dry Port Developments In Developed And Developing Countries : An Implication For Myanmar Dry Ports, - Aye Nyein Zin

World Maritime University Dissertations

No abstract provided.

Port Governance And Its Impacts On Port Performance And The Economy : A Case-Study At The Freeport Of Monrovia, Aromenia Zinnah Cooper

World Maritime University Dissertations

No abstract provided.

Developing A Dry Port To Spatially Increase And Decongest Banjul Port, Dawda Colley

World Maritime University Dissertations

No abstract provided.

The Impacts Of Online Direct Channel On Pricing Strategy And Profits : A Conceptual Application To Container Shipping Company, Li Chen, Anh Thi Mai Nguyen

World Maritime University Dissertations

No abstract provided.

Analyzing, Evaluating And Improving The Logistics Performance Index (Lpi) Of A Country's Economy : Case Study : Nigeria, Ghana And Morocco, Tolulope Olubunmi Dare, Lois Nana Adjoa Aubyn, Taoufik Boumgard

World Maritime University Dissertations

No abstract provided.

Unctad Liner Shipping Connectivity Index And The Development Strategy Of Port Of Colombo, Prasad Dumidu Subhawickrama

World Maritime University Dissertations

No abstract provided.

Assessing Ship Ownership Opportunities For South Africa Based On Competitive Advantage, Siphosethu Mthembu, Prince Williams

World Maritime University Dissertations

No abstract provided.

An Econometric Analysis For Cargo Throughput Determinants In Belawan International Container Terminal, Indonesia, Taufik Haris

World Maritime University Dissertations

No abstract provided.

A Quantitative Analysis On The Potential Impact Of Blue Economy On Developing Countries’ Economies : The Case Of Kenya, Willie M. S Andriamahazomandimby

World Maritime University Dissertations

No abstract provided.

The Evaluation On Inspection Implementation And The Review On Environmental Impact Assessment Report : Case Study : The Development Of The Sihanoukville Autonomous Port In Cambodia Regarding Special Economic Zone, Chantha Sreng

World Maritime University Dissertations

No abstract provided.

The Development Of A Ship-Server Power / Emission Assessment Model : Case Study On Big Data Analysis For Real-Time Ship Operation, Omeje Jean Nkechinyere

World Maritime University Dissertations

No abstract provided.

Article Index, Usawc Press

The US Army War College Quarterly: Parameters

No abstract provided.

Marijuana Legalization: Beyond Yes Or No., Keith Humphreys

Center for Policy Research

This paper will first go over some basic terms and concepts, then discuss what’s going on in the world around cannabis with a focus on the United States. I will then offer some policy options to consider if New York chooses to legalize recreational cannabis.

Book Reviews, Usawc Press

The US Army War College Quarterly: Parameters

No abstract provided.

Economic Impact Of Pace University's Department Of Cultural Affairs/Schimmel Theatre, Rebecca Tekula Phd, Adrian Rivero

Wilson Center for Social Entrepreneurship

No abstract provided.

Economic Impact Of Pace University's Athletics Department, Rebecca Tekula Phd, Adrian Rivero

Wilson Center for Social Entrepreneurship

No abstract provided.

Migrants And Refugees: Are They Holding Us Back Or Pushing Us Forward?, Dany Bahar

Brookings Scholar Lecture Series

As part of the Brookings Scholar Lecture Series, Brookings Mountain West presents a lecture titled "Migrants and Refugees: Are they holding us back or pushing us forward?" by Brookings Fellow in Global Economy and Development, Dany Bahar. It is often cited that human mobility is key to economic growth and productivity. Evidence also points to the economic costs and benefits of international migration for both the sending and receiving countries. This lecture explores if roads to economic growth and prosperity require restrictions to migration, or quite the contrary.

Coastal And Marine Tourism In The Future, Mohammad Nur Nobi, Md. Alauddin Majumder

Journal of Ocean and Coastal Economics

Having the world's largest unbroken sea-beach and vast coastline, Bangladesh has an immense potentiality to develop sustainable coastal and marine tourism. In Bangladesh, coastal and marine tourism is already in operation, though on a limited scale. But the growth of tourism in this country is lagging behind compared to the world as a whole. The contribution of this sector in the economy of Bangladesh is still below the mark. Therefore, the economy can be benefited by harnessing opportunities pertinent to the country’s coastal and marine tourism. To attract the local and foreign tourists, the country can improve the existing tourist …

Economic Impact Of Pace University's Elisabeth Haub School Of Law, Rebecca Tekula Phd, Adrian Rivero

Wilson Center for Social Entrepreneurship

No abstract provided.

Economic Impact Of Pace University, Rebecca Tekula Phd, Adrian Rivero

Wilson Center for Social Entrepreneurship

No abstract provided.

Economic Impact Of Pace University's Pleasantville Campus, Rebecca Tekula Phd, Adrian Rivero

Wilson Center for Social Entrepreneurship

No abstract provided.