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Indonesia: Bank Century Emergency Liquidity Program, 2008, Vincient Arnold

Journal of Financial Crises

By the autumn of 2008, the effects of the Global Financial Crisis of 2007–2009 had struck Indonesia, as liquidity in interbank markets dried up, capital flows reversed, and economic growth slowed. On October 30, 2008, Bank Indonesia—the central bank of Indonesia—passed Regulation No. 10/26/PBI/2008, establishing a Short-Term Funding Facility for Commercial Banks (SFF). On October 31, 2008, the capital adequacy ratio of Bank Century, a relatively small Indonesian bank, was –3.35%. On November 14, 2008, after Bank Century failed to conduct payment clearing the day before, Bank Indonesia approved Bank Century for access to the SFF and began disbursements of …

Iceland: Kaupthing Emergency Liquidity Program, 2008, Sophia Alden, Léo Brougher

Journal of Financial Crises

Following the privatization of Iceland’s state-owned banks between 1998 and 2003, the three largest banks in Iceland—Glitnir, Landsbanki, and Kaupthing—grew rapidly, with consolidated assets increasing from 100% of Iceland’s GDP in 2004 to nearly 900% by the end of 2007. Initially, this growth was funded by debt issuances in the European medium-term note market; however, as cracks in the international financial system appeared in 2006, the banks turned to offering high-interest savings accounts through their foreign subsidiaries. Beginning in October 2006, Kaupthing launched “Kaupthing Edge,” an online savings and deposit platform operating in markets outside Iceland. When the United States …

Germany: Ikb Deutsche Industriebank Emergency Liquidity Program, 2008, Ayodeji George, Sophia Alden

Journal of Financial Crises

In the summer of 2007, IKB Deutsche Industriebank (IKB) faced heavy losses owing to the liquidity support it had provided on commercial paper issued by Rhineland Funding Capital Corporation, its off-balance-sheet vehicle, which held distressed collateralized debt obligations backed by US subprime mortgages. In July 2007, authorities became aware that IKB itself had lost access to liquidity from Deutsche Bank and other funding partners. Publicly owned development bank Kreditanstalt für Wiederaufbau (KfW) held a 38% stake in IKB, exposing it to potentially heavy losses in the event of an IKB failure. KfW, German financial authorities, and German banks pursued a …

Denmark: Roskilde Bank Emergency Liquidity Program, 2008, Bailey Decker

Journal of Financial Crises

Roskilde Bank A/S (Roskilde) was the eighth-largest bank in Denmark at the time of the Global Financial Crisis, with approximately 43 billion Danish kroner (DKK; USD 9.1 billion) in consolidated assets as of March 2008. Roskilde had considerable exposure to real estate and construction firms, prompting ratings downgrades and larger write-downs than expected in July 2008. On July 10, 2008, Roskilde asked for liquidity assistance from the Danish central bank, Danmarks Nationalbank (DNB). Later that day, DNB and the banking sector’s self-insurance group, the Private Contingency Association (PCA), announced emergency liquidity assistance to Roskilde in the form of an unlimited …

Cyprus: Laiki Bank Ad Hoc Emergency Liquidity Assistance, 2011, Stella Schaefer-Brown

Journal of Financial Crises

Following the European Union’s decision to restructure Greek debt in October 2011, Laiki Bank’s depositors began to withdraw their funds from the bank in growing numbers after it reported that its portfolio of Greek government bonds had lost EUR 2.3 billion in value. Beginning October 2011 and lasting until the bank’s resolution in 2013, Laiki Bank requested and received emergency liquidity assistance (ELA) from the Central Bank of Cyprus (CBC) so that the bank could continue to fund itself as depositors withdrew their funds. In June 2012, Cypriot authorities recapitalized Laiki Bank, and the government became an 84% shareholder. From …

Canada: Canadian Commercial Bank Emergency Liquidity Program, 1985, Adam Keanie, Léo Brougher

Journal of Financial Crises

In March 1985, the Canadian Commercial Bank (CCB)—Canada’s 10th largest bank, with CAD 2.9 billion in assets—reported to the Office of the Inspector General of Banks (OIGB) and the Bank of Canada (BoC) that CCB would not survive owing to large losses on its United States energy loans portfolio. In response, the BoC assembled an emergency CAD 255 million rescue package, secured through contributions from a consortium composed of the federal government, the provincial government of Alberta, the Canadian Deposit Insurance Corporation, and Canada’s six largest banks. Despite the BoC’s reassurances, including a public announcement promising virtually unlimited liquidity support, …

Ad Hoc Emergency Liquidity Programs In The 21st Century, Steven Kelly, Vincient Arnold, Greg Feldberg, Andrew Metrick

Journal of Financial Crises

This paper surveys 22 case studies of 21st century instances when financial crisis-fighters implemented ad hoc emergency liquidity (AHEL) interventions, interventions designed to provide liquidity to a troubled institution that the authorities believe is systemically important. While emergency liquidity support is often introduced with the real or communicated intention of preventing illiquidity from leading to insolvency, the liquidity crisis should instead be viewed as the manifestation of the market’s assessing the firm as nonviable as a going concern. For that reason, authorities should provide AHEL assistance only to institutions that they have deemed viable or that they have committed to …

Brazil: Banco Btg Pactual Emergency Liquidity Program, 2015, Vincient Arnold

Journal of Financial Crises

On November 25, 2015, André Esteves, then CEO of Banco BTG Pactual, a large Brazilian investment bank, was arrested by Brazilian authorities in connection with suspected involvement in a corruption scandal. Although the arrest did not involve BTG in any capacity and Esteves was later acquitted, the company’s stock quickly collapsed and depositors and other creditors rushed to reduce their exposures to the company. Depositors withdrew certificates of bank deposits, which BTG relied on to fund its daily operations. By November 27, BTG shares had fallen 26%. On December 2, the top seven shareholders of BTG took control of the …

Funding Opportunities For Non-Profit Organizations Led By Black Women, Laquasha A. Dixon

Walden Dissertations and Doctoral Studies

This study addressed significant disparities in funding awarded to non-profit organizations (NPOs) in the United States, led by Black women. Racial bias and the lack of knowledge about alternative funding sources were key factors contributing to this funding gap, which limited the capabilities of these organizations. The research question guiding this study was: In addition to government grants and program sponsorships, what other funding sources are available to NPOs led by Black women? The conceptual framework employed as a foundation for the research was the concept of creating a diverse funding portfolio for sustainability. The purpose of the project was …

Addressing The Promise And Peril Of Ai For Nonprofit Management Through A Data Feminist Pedagogy, Billie Sandberg, Rafeel Wasif, Laura C. Hand

Public Administration Faculty Publications and Presentations

The use of artificial intelligence (AI) has opened up possibilities for nonprofit management, and practitioners are taking notice. A recent study revealed that nearly 90% of nonprofit organizations are interested in using AI (MacDonald, Citation2023). Another study indicated that more than half of the nonprofits surveyed use AI to support finance, human resources, communications, and mission-related (i.e., working with clients, program implementation, and grantmaking) functions (Herschander, Citation2024). Indeed, many of us likely know student-practitioners and nonprofit colleagues who leverage AI to help write donor thank-you notes, newsletters, grant proposals, and press releases and who work for nonprofits that incorporate chatbots …

Effective Marketing For One Nonprofit Organization To Help Increase Financial Stability, Alexander King

Walden Dissertations and Doctoral Studies

Effective Marketing for One Nonprofit Organization to Help Increase Financial Stability by Alexander King MS, Walden University, 2022 MA, American Military University, 2018 BA, American Military University, 2016 Professional Administrative Study Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Public Administration Walden University May 2025

Investigation Of Sprinkler Requirements In One-Or-Two-Family Newly Constructed Homes, Courtney Catrillo

Walden Dissertations and Doctoral Studies

Multiple case studies and available data supported the effectiveness of residential fire sprinklers. Despite this, 48 states have not implemented a requirement for residential sprinklers in newly constructed homes and 46 have eliminated the requirement. The purpose of this study was to examine which states have adopted the recommendation and to what extent. This generic qualitative study is an exploration of the reasons behind the lack of adoption. Data from reports, charts, and tables from publicly available sources, including government and stakeholder websites, were analyzed using expected utility theory to compile a findings table. The results indicated that only Maryland …

Does Ai Help Or Harm? Why And How Ai Use Influences Workplace Outcomes And Employee Well-Being, Haille Trimboli, Reka Lassu

Education Division Scholarship

Although the recent surge in excitement surrounding artificial intelligence (AI) might suggest it is a new development, AI has been applied in organizations for over forty years (Fanti et al., 2022; Markelius et al., 2024). Indeed, the term "artificial intelligence" itself emerged in the 1950s during a research project at Dartmouth College, where it was used to describe "machines able to simulate human intelligence" (Haenlein & Kaplan, 2019, p. 3). Most recently, in 2022, the landscape of AI use for laypeople greatly changed when OpenAI introduced ChatGPT, a generative AI tool, to the public; ChatGPT is an advanced AI language …

Prison Privatization And Its Impacts On Inmate Quality Of Life: An Analysis Through Logan's Eight Dimensions Model, Hafsa Ahmed

Master in Public Administration Theses

This capstone paper delves deeply into the ramifications of prison privatization on inmates' quality of life in contracted immigration detention facilities. With the increasing inclination towards privatizing correctional institutions, especially immigration detention centers, a rigorous evaluation is indispensable to ascertain the ramifications of such privatizations on the welfare of incarcerated individuals. In this exploration, Logan's quality of confinement model is meticulously applied to selected immigration detention centers to scrutinize the living conditions and reveal profound insights into the quality of life experienced by inmates. This model allows a structured assessment of various dimensions such as safety, order, care, activity, management, …

An Examination Of The Role Bureaucratic Discretion Plays In Public Education Policy And Administration: A Revelation Of How Discretionary Discipline Impacts Historically Marginalized Students, Regina Francine Turner

School of Public Service Theses & Dissertations

An under-researched area of public administration, bureaucratic discretionary practices regarding student discipline and resulting inequitable consequences are explored throughout this study from a theoretical perspective. The study examines student discipline outcomes for conduct violations in America’s schools. Further, research will determine if data supports the notion that school leaders’ administrative discretion contributes to inequitable student disciplinary practices. Evidenced by research and corresponding data regarding discriminatory student disciplinary actions, this study relies on Critical Race Theory (CRT) as its foundation and theoretical framework.

Using relevant literature, research questions were formed, hypotheses were crafted, and statistical analyses were performed to test means …

Does Motivation Matter? An Investigation Of The Influence Of Public Service Motivation On The Performance Of Public-Private Partnerships In New Jersey, Giovanni Cusmano

School of Public Service Theses & Dissertations

The primary purpose of this study is to address the lack of research on the relationship between public service motivation (PSM) and the performance of public-private partnerships. The purpose of this dissertation is to measure the relationship and influence of PSM on the performance of public-private partnerships and the relationship and influence PSM has on the public sector member, the private sector member, and lastly of the partnership itself. This study focused on a specific type of public-private partnership, the business improvement districts (BIDs) in New Jersey. This study sought to answer the following overarching question: What is the influence …

Process Of Determining Multilevel Performance Indicators To Assess Network Effectiveness: A Qualitative Case Study Of Usaid’S People-To-People Reconciliation Programs, Prapti Sedhain

School of Public Service Theses & Dissertations

Although the literature considers networks as effective mechanisms for resolving complex policy issues and delivering public services, assessing network effectiveness through proper evaluation is necessary to determine whether networks really work (Provan & Milward, 2001). However, evaluating effectiveness in networks is more complicated than in single organizations. Due to the multilevel structure of the network and the involvement of various key stakeholders with multiple and diverse interests, it becomes challenging for network managers and evaluation practitioners to determine relevant performance indicators for evaluation (Provan & Milward, 2001; Babiak, 2009; Herranz, 2019). Despite previous efforts by scholars to address this issue, …

Navigating Challenges: Public Community College Leadership In The Face Of Existential Crisis, Sarah Lynne Lupton-Houston

School of Public Service Theses & Dissertations

This study answers the question: "When faced with an existential crisis, indicated by declines in key performance indicators, how do public leaders make decisions?" The research uses the Garbage Can Model and Incrementalism combined theoretical framework to explore how public administrators navigate crises in complex, hierarchical, and bureaucratic structures where unpredictable challenges often demand adaptive responses. This study offers insights into decision-making processes that blend reactive, opportunistic choices with measured, gradual adjustments.

The findings from this research contribute to the field of public administration by examining the decision-making strategies used by leaders at public community colleges in Virginia during a …

Beyond The Suburban Ideal: Addressing Southern California’S Strained Affordable Housing Market Through Density Bonus Programs, Alissa Larue

School of Public Policy Capstones

This study examines how expanding Accessory Dwelling Units (ADUs) could serve as an effective policy solution to address the housing affordability crisis. In San Diego, a Bonus Program has been implemented to incentivize the construction of affordable ADUs by relaxing burdensome regulations. A Differences-in-Differences approach using two-way fixed effects is employed to evaluate the program's effectiveness in promoting ADU development, using city-level data from San Diego and Los Angeles counties. ADU permit applications serve as a key indicator of policy impact. The findings strongly suggest that the Bonus Program influenced increasing ADU permit applications in San Diego. Because the model …

Evidence-Based Practices And Us State Government Civil Servants: Current Use, Challenges, And Pathways Forward, Yuan (Daniel) Cheng, Leslie Thompson, Shuping Wang, Jules Marzec, Chengxin Xu, Weston Merrick, Patrick Carter

Center for Policy Design and Governance

This brief summarizes "Evidence-based practices and US state government civil servants: Current use, challenges, and pathways forward," co-authored by Yuan (Daniel) Cheng, Leslie Thompson, Shuping Wang, Jules Marzec, Chengxin Xu, Weston Merrick, and Patrick Carter in Public Administration Review.

How Does Adult Foster Care Affect Mental Health Outcomes In California?, Christopher A. Stanley

Master of Public Administration Capstone Papers

Mental health in adult foster care is an important threat to the overall mental health of the citizens of California. Mental health has challenged professionals and recipients of adult foster care. Although mental health and adult foster care have had some connections (i.e., people with mental health issues typically live in adult foster care), the mental health effects of living in an adult foster care have been overlooked. In particular, mental health has been separated from general medical issues and has been overlooked as a necessary part of a person's overall health. This capstone paper will draw upon the literature …

Key Factors That Influence The Successful Implementation And Sustainment Of Dei Within Probation Departments, Natalie Martinez

Master of Public Administration Capstone Papers

The successful implementation and sustainment of Diversity, Equity, and Inclusion (DEI) initiatives within probation departments is essential to create a fair and just criminal justice system. This paper examines the principal elements that impact the implementation and sustainability of DEI practices in probation settings. This research identifies best practices and challenges in integrating DEI principles into organizational structures by analyzing existing literature, case studies, and policy frameworks. The findings highlight the importance of leadership commitment, policy integration, and measurement, as well as an environment that fosters an inclusive culture. Additionally, the study examines barriers such as resistance to change, policy …

Policymakers’ Perceptions About Providing Affordable Housing In Rural Georgia, Robert Joseph Wiley

Walden Dissertations and Doctoral Studies

The literature showed that low-income households face a persistent deficit of affordable housing, forcing these families to live in dilapidated housing or to live beyond their means to pay for adequate housing, and that this problem transcends rural and urban counties. Further, researchers indicated that solving this problem provided a stable workforce and a better quality of life for all income groups. A gap in the literature showed the need for more research on nonmetropolitan communities addressing housing and neighborhood revitalization; therefore, through this qualitative multiple-case study local policymakers' perceptions of the affordable housing problem in rural Georgia were explored. …

Deference Or Preference: Analyzing The Treatment Of Chevron U.S.A., Inc. V. Nrdc As A Precedent At The Supreme Court, Allison Dehart

Senior Theses

Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc. is one of the most cited Supreme Court cases in history, with over 18,000 citations in federal courts alone (Merrill, 2012). It has reached doctrinal status and was widely considered a vital precedent, one that guided the fields of environmental and administrative law. However, in June of 2024, the Supreme Court released their opinion in Loper Bright Enterprises v. Raimondo, which overturned Chevron. With the ubiquity of Chevron in US Courts, this decision caused widespread confusion and worry over what would replace the precedent. In an era where environmental …

Leading Nonprofit Success Through Collaboration And Partnerships, Lakell Archer, Erica Bassett

Journal of Nonprofit Innovation

Abstract

Nonprofit organizations play a crucial role in addressing societal challenges, yet they often operate in a competitive environment with limited resources. To maximize impact and long-term sustainability, strategic partnerships and cross-sector collaborations have emerged as essential approaches. This paper explores the benefits of nonprofit collaboration, emphasizing its role in creating strategic advantages, improving service delivery, fostering innovation, and ensuring long-term resilience. The discussion highlights how collaborative leadership is key to overcoming barriers such as competition for funding, misaligned objectives, and trust deficits among partners. By examining real-world examples, the paper illustrates how effective partnerships enhance resource sharing, streamline operations, …

Collaboration Through Trust Building: Building Trust Among Racialized And Stigmatized Nonprofits, Shariq Siddiqui, Abdul Samad, Rafeel Wasif

Public Administration Faculty Publications and Presentations

Nonprofits collaborate to resolve common issues while improving program effectiveness and reducing replication. These collaborations can be critical for minority nonprofits in resolving their common problems. However, while literature often looks at nonprofit organizations working with the government or other organizations, it does not focus on how minority nonprofits can collaborate better with other minority organizations. Using Muslim American nonprofits as a case study, we understand better how trust can be built between nonprofits belonging to marginalized communities. We focus on the Community Collaboration Initiative, a three-year third-party-facilitated collaboration effort among Muslim-American nonprofits. Overall, Interpersonal relationships, organizational learning, and positive …

Community-Oriented Policing In A Majority-Black Neighborhood: In Search Of A Local Solution To A National Problem, Nasaskyia R. Hicks, Shanada Mcfadden, Natallia Sianko

Transforming Communities

Few issues loom larger today than how the United States can rehabilitate its criminal justice system. Although justified and undoubtedly timely, the national focus often shifts attention away from local, interpersonal, and community processes that shape how criminal justice is administered and experienced differently in communities across the country. Our goal is to contribute to the national conversation on community-oriented policing and social innovation to improve police-community relations and increase public trust in majority-Black neighborhoods. This article offers a call to action for the scientific and policy communities to reflect on effective practices that bring the voices of local stakeholders …

Probation Officer Perspectives Of Rehabilitation Programs In The Federal Bureau Of Prisons, Brandon Christopher Harper

Walden Dissertations and Doctoral Studies

The purpose of this qualitative phenomenological study was to better understand the federal probation officer's perspective of rehabilitation programs in the federal bureau of prisons. The following research question provided a guide: What are federal probation officers' perspectives regarding the success of rehabilitation programs offered in the federal bureau of prisons? Semi structured interviews were conducted with 10 employees of a federal probation office located in the southern United States. Interviews were conducted using Zoom and audio-recorded and transcribed to text files for thematic analysis. The main findings in this study included the need to tailor programs for prisoners to …

By All Means Available: Memoirs Of A Life In Intelligence, Special Operations, And Strategy, Todd Greentree

The US Army War College Quarterly: Parameters

Todd Greentree examines By All Means Available: Memoirs of a Life in Intelligence, Special Operations, and Strategy by Michael G. Vickers, who Greentree views as an exemplar of strategic leadership for current and future leaders.

Parameters Spring 2025, Usawc Press

The US Army War College Quarterly: Parameters

Welcome to the Spring 2025 issue of Parameters. This issue consists of an In Focus special commentary, three forums (Russia, Ukraine, and NATO; Strategic Competition and Managing National Security; and Joint Sustainment Strategies), the regular Civil-Military Relations Corner installment, and a review essay.