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Full-Text Articles in Public Affairs, Public Policy and Public Administration

Jpmorgan Chase London Whale D: Risk-Management Practices, Arwin G. Zeissler, Andrew Metrick Aug 2019

Jpmorgan Chase London Whale D: Risk-Management Practices, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

JPMorgan Chase (JPM) prided itself on having the best risk-management practices in the financial industry, having survived the 2007-09 financial crisis in better shape than many competitors. Chief Executive Officer Jamie Dimon often spoke of the bank’s “fortress balance sheet.” A keen focus on risk management is vital to JPM’s longevity, as is the case with all highly leveraged financial institutions. However, the JPM Task Force that investigated the $6 billion 2012 London Whale trading loss concluded that risk-management practices at the bank’s Chief Investment Office (CIO), the unit in which the loss occurred, were given less scrutiny by senior …


Jpmorgan Chase London Whale C: Risk Limits, Metrics, And Models, Arwin G. Zeissler, Andrew Metrick Aug 2019

Jpmorgan Chase London Whale C: Risk Limits, Metrics, And Models, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

Value at Risk (VaR) is one of the most commonly used ways to measure and monitor market risk. At JPMorgan Chase (JPM), very large derivative positions established by Bruno Iksil in the Synthetic Credit Portfolio (SCP) caused the bank’s Chief Investment Office (CIO) to exceed its VaR limit for four days in a row in January 2012. In response, the CIO changed to a new VaR model on January 30, which appeared to immediately reduce VaR by half. However, JPM soon discovered that this new VaR model had not been properly implemented and the bank went back to using the …


Jpmorgan Chase London Whale B: Derivatives Valuation, Arwin G. Zeissler, Andrew Metrick Aug 2019

Jpmorgan Chase London Whale B: Derivatives Valuation, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

After consistently producing positive results through 2011, the JPMorgan Chase (JPM) traders who oversaw the bank’s Synthetic Credit Portfolio (SCP) grew alarmed by a consistent string of losses beginning in January 2012. (The SCP was maintained by JPM to help hedge default risk and was the source of the 2012 London Whale trading loss.) To minimize the losses reported to their superiors until such time that market prices hopefully turned in their favor, the SCP traders began valuing their largest derivative positions in a manner that was not consistent with Generally Accepted Accounting Principles (GAAP) and JPM policy. The fair …


The Temporary Liquidity Guarantee Program: A Systemwide Systemic Risk Exception, Lee Davison Aug 2019

The Temporary Liquidity Guarantee Program: A Systemwide Systemic Risk Exception, Lee Davison

Journal of Financial Crises

In the fall of 2008, short-term credit markets were all but frozen, creating liquidity issues for banks and bank holding companies that could not rollover their debt at reasonable rates. Fearing that the situation would worsen if something was not done, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board invoked, and the Secretary of the Treasury approved, the use of the “systemic risk exception” (SRE) under the Federal Deposit Insurance Corporation Improvement Act of 1991, to provide unprecedented broad-based relief to struggling banks. The SRE permitted the FDIC to depart from its “least-cost” requirement when addressing failing …


Risk And Strategies Of China's Oversea Port Infrastructure Investment Under "One Belt One Road" Initiative, Jingshun Ke Aug 2019

Risk And Strategies Of China's Oversea Port Infrastructure Investment Under "One Belt One Road" Initiative, Jingshun Ke

World Maritime University Dissertations

No abstract provided.


A Comparative Study On Port Integration In Different Areas In China, Jiaqi Li Aug 2019

A Comparative Study On Port Integration In Different Areas In China, Jiaqi Li

World Maritime University Dissertations

No abstract provided.


Research On Double-Stack Container Transport Organization In International Multimodal Transport, Xi Zhu Aug 2019

Research On Double-Stack Container Transport Organization In International Multimodal Transport, Xi Zhu

World Maritime University Dissertations

No abstract provided.


Comparative Analysis Of International Bulk Freight Index, Wenbo Gu Aug 2019

Comparative Analysis Of International Bulk Freight Index, Wenbo Gu

World Maritime University Dissertations

No abstract provided.


Influence Of "One Belt One Road" Initiative On Container Transport In Shanghai Port, Yan Huang Aug 2019

Influence Of "One Belt One Road" Initiative On Container Transport In Shanghai Port, Yan Huang

World Maritime University Dissertations

No abstract provided.


Research On The Impact Of Yangtze River Delta Integration On The Development Of Ports Therein, Zheng Jin Aug 2019

Research On The Impact Of Yangtze River Delta Integration On The Development Of Ports Therein, Zheng Jin

World Maritime University Dissertations

No abstract provided.


Analysis Of The Influence Of Ningbo-Zhoushan Port Development On Regional Economy, Manxi Li Aug 2019

Analysis Of The Influence Of Ningbo-Zhoushan Port Development On Regional Economy, Manxi Li

World Maritime University Dissertations

No abstract provided.


Synergistic Development Between Shipping Centers And Cities Of Excellence, Xiao Li Aug 2019

Synergistic Development Between Shipping Centers And Cities Of Excellence, Xiao Li

World Maritime University Dissertations

No abstract provided.


Cooperative Development Of International Port In Guangdong-Hong Kong-Macao Greater Bay Area, Yunwei Du Aug 2019

Cooperative Development Of International Port In Guangdong-Hong Kong-Macao Greater Bay Area, Yunwei Du

World Maritime University Dissertations

No abstract provided.


Appraisal Of China Hainan Free Trade Zone(Port)-Comparing With Other Ports In The Same Area, Baoxin Hu Aug 2019

Appraisal Of China Hainan Free Trade Zone(Port)-Comparing With Other Ports In The Same Area, Baoxin Hu

World Maritime University Dissertations

No abstract provided.


The Effect Of Latest Shipping Alliance On Shipping Industry, Lingjie Li Aug 2019

The Effect Of Latest Shipping Alliance On Shipping Industry, Lingjie Li

World Maritime University Dissertations

No abstract provided.


Sino-Us Container Transportation Route Selection Based On The Expansion Of Panama Canal, Yidan Qin Aug 2019

Sino-Us Container Transportation Route Selection Based On The Expansion Of Panama Canal, Yidan Qin

World Maritime University Dissertations

No abstract provided.


Freight Fluctuation Risk Assessment And Management Of Container Shipping Companies, Bochan Shen Aug 2019

Freight Fluctuation Risk Assessment And Management Of Container Shipping Companies, Bochan Shen

World Maritime University Dissertations

No abstract provided.


Optimization Of The Dedicated Corridor System Connecting Bohai Rim Gateways, Xinyi Shi Aug 2019

Optimization Of The Dedicated Corridor System Connecting Bohai Rim Gateways, Xinyi Shi

World Maritime University Dissertations

No abstract provided.


Study On The Port Classification Of 21st Century Maritime Silk Road West Line, Jiawen Wang Aug 2019

Study On The Port Classification Of 21st Century Maritime Silk Road West Line, Jiawen Wang

World Maritime University Dissertations

No abstract provided.


An Integrated Climate Science-Economic Model For Evaluating Adaptations To Sea Level Rise: A Prototype Model For Monterey, California, Charles S. Colgan, Fernando Depaolis, Philip King Aug 2019

An Integrated Climate Science-Economic Model For Evaluating Adaptations To Sea Level Rise: A Prototype Model For Monterey, California, Charles S. Colgan, Fernando Depaolis, Philip King

Journal of Ocean and Coastal Economics

Preparing for flooding that will be exacerbated by climate change and sea level rise must take place in the context of "deep uncertainty". One strategy for dealing with that uncertainty is to convert unknown probabilities into know probabilities using techniques such as Monte Carlo analysis. This paper demonstrates the feasibility of creating a cost-benefit model for sea level rise adaptation options using an integrated climate change/sea level rise-weather-economic model. The model tests the probability of benefits exceeding costs for shoreline protection such as beach nourishment and armoring under multiple iterations of possible climate futures. It uses shoreline segments in Monterey, …


Urban & Suburban Population Growth In The Mountain West, Elia Del Carmen Solano-Patricio, Caitlin Saladino, William E. Brown Aug 2019

Urban & Suburban Population Growth In The Mountain West, Elia Del Carmen Solano-Patricio, Caitlin Saladino, William E. Brown

Demography

This Fact Sheet summarizes and adapts the findings of the Brookings Institution’s report on population growth and loss in the nation’s top 87 largest cities and top 53 metropolitan areas. For the purposes of this Fact Sheet, the focus of the report is narrowed to 14 cities and 5 metropolitan areas located within the Mountain West region of the United States (Arizona, Colorado, Nevada, New Mexico, and Utah).


Defense Spending By State - Nevada Fiscal Year 2017, Peter Grema, Caitlin Saladino, William E. Brown Aug 2019

Defense Spending By State - Nevada Fiscal Year 2017, Peter Grema, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet reprints two pages from the March 2019 DEFENSE SPENDING BY STATE (FISCAL YEAR 2017) publication issued by the United States Department of Defense: Office of Economic Adjustment for the purposes of relaying information related to defense spending in the State of Nevada.1 The original report presents data from fiscal year 2017, the most recent annual data available at the time of publication.


The Effect Of Citi Bike Introduction On Injury Rates In New York City, Masakazu Hiruma Aug 2019

The Effect Of Citi Bike Introduction On Injury Rates In New York City, Masakazu Hiruma

Theses and Dissertations

This paper tests the hypothesis that the introduction of Citi Bike influences bicycle injuries by observing the gradual expansion of the bike share system in NYC. Data is analyzed from 2012-2018 New York Police Department (NYPD) Motor Vehicle Collisions and Citi Bike Station Feeds (NYC Open Data).


Automation Potential And Artificial Intelligence, Ember Smith, Caitlin Saladino, William E. Brown Aug 2019

Automation Potential And Artificial Intelligence, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights the automation potential in the Mountain West states (Nevada, Utah, Arizona, New Mexico, and Colorado) and its metropolitan statistical areas using the findings of Automation and Artificial Intelligence: How machines are affecting people and places, a report by the Brookings Institution.


Chmura Economic Diversity Index: Nevada Counties And Southwest Metros, Madison Frazee-Bench, Caitlin Saladino, William E. Brown Aug 2019

Chmura Economic Diversity Index: Nevada Counties And Southwest Metros, Madison Frazee-Bench, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights Nevada and Mountain West data from the 2018 Economic Diversity Index (EDI), prepared by Chmura Economics & Analysis the economic diversity data details the disparities within counties in Nevada. The tables below show the different levels of economic diversity that exist in Nevada’s counties and other relevant metropolitan statistical areas (MSAs).


Economic Innovation Group (Eig) 2018 Distressed Communities Index (Dci): Nevada Counties, Lauren Fousek, Caitlin Saladino Aug 2019

Economic Innovation Group (Eig) 2018 Distressed Communities Index (Dci): Nevada Counties, Lauren Fousek, Caitlin Saladino

Economic Development & Workforce

This Fact Sheet highlights the Economic Distress Indicators (EDI) for the 17 counties within Nevada. Using the Economic Innovations Group1 DCI (Distressed Communities Index),2 the Tables that follow report EDI for each of the 17 counties in Nevada, grouped within two time-frames (2007-2011 and 2012-2016), and showing change over time. The data provides the opportunity to compare how the Great Recession affected communities across the nation and how the ongoing recovery is reshaping the economies and social networks of our nation.


Toward Car Free Key West, Mary Bishop Aug 2019

Toward Car Free Key West, Mary Bishop

Journal of Transportation Demand Management Research

This paper explores the transportation problems created by the large volume of tourist arrivals to the island of Key West, Florida. A survey of visitors to the island was conducted to uncover their perspectives related to the barriers and benefits of various transportation modes in hopes to inform City staff on the development of transportation options that will meet the needs and desires of tourists. The results from 398 respondents revealed a variety of trends, including varying travel choices depending on the number of visits, where visitors were from, and arrival types. From these trends, priority groups for behavior change …


How School Aid In New York State Penalizes Black And Hispanic Students, John Yinger Aug 2019

How School Aid In New York State Penalizes Black And Hispanic Students, John Yinger

Center for Policy Research

It’s Elementary is a series of essays on topics in education and education policy. The main focus is on education finance in New York State, but general research findings in education and education policy issues in several other states are also discussed. John Yinger, Professor of Economics and Public Administration at the Maxwell School, Syracuse University is the author of most of these essays, although a few are written by or co-authored with other scholars.


The Impact Of Bmi On Mental Health: Further Evidence From Genetic Markers, Vikesh Amin, Carlos A. Flores, Alfonso Flores-Lagunes Aug 2019

The Impact Of Bmi On Mental Health: Further Evidence From Genetic Markers, Vikesh Amin, Carlos A. Flores, Alfonso Flores-Lagunes

Center for Policy Research

We examine the relationship between body mass index (BMI) and mental health for young adults and elderly individuals using data from the National Longitudinal Study of Adolescent Health and the Health & Retirement Study. While ordinary least squares (OLS) estimates show that BMI is significantly associated with worse mental health in both young adulthood and old age, they are likely to be confounded by (i) unobserved factors that affect both BMI and mental health and (ii) reverse causality. To tackle confounding, we take two complementary approaches. First, we use a polygenic score for BMI as an instrumental variable (IV) and …


Comparative Spending Of Medicaid Dollars On Child Participants Of Kentucky’S Sobriety Treatment And Recovery Teams Program Versus A Matched Comparison Group., Matthew Thomas Walton Aug 2019

Comparative Spending Of Medicaid Dollars On Child Participants Of Kentucky’S Sobriety Treatment And Recovery Teams Program Versus A Matched Comparison Group., Matthew Thomas Walton

Electronic Theses and Dissertations

Child protective services agencies have long observed the complicating role that parental substance use and addiction plays in cases of child maltreatment. Families who struggle with these problems present unique challenges for child welfare professionals. These families are typically more difficult to engage, more likely to have children removed from the home, and have poorer outcomes when compared to other families. These poorer outcomes often include health problems. Addiction has well-known effects on health, and the specific manifestations of these problems for parents have been documented for years in child protection casework. However, what has been less investigated are the …