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

A Qualitative Study Of Federal Employee Whistleblowing And Reprisal For Whistleblowing, Bruce S. Mclean Oct 2024

A Qualitative Study Of Federal Employee Whistleblowing And Reprisal For Whistleblowing, Bruce S. Mclean

Doctoral Dissertations and Projects

Federal employee whistleblowing is essential to holding government officials accountable. The U.S. Office of Special Counsel (OSC) was established in 1979 to provide a secure channel for federal government employees to report wrongdoing while protecting them from reprisal. More statutory protections were enacted with the Whistleblower Protection Act (WPA) in 1989; however, deficiencies in the WPA led to the eventual passage of the Whistleblower Protection Enhancement Act in 2012. The problem is that the literature on whistleblowing fails to distinguish the OSC as the Executive Branch whistleblower protection agency nor recognize its annual reports and surveys as the only known …


Comparison Of Redevelopment Policies, Gentrification, And Disparate Impact In Tallahassee, Dallas, And San Diego, William Dorsey Oct 2024

Comparison Of Redevelopment Policies, Gentrification, And Disparate Impact In Tallahassee, Dallas, And San Diego, William Dorsey

Doctoral Dissertations and Projects

Previous studies found that the economics of poverty are closely tied to property values, education, and employment. Racial disparity in income also exists today. Part of this is attributed to mass gentrification through Urban Renewal Administration programs that legally displaced entire Black neighborhoods under the purview of the Housing Act of 1954 prior to the Fair Housing Act of 1968. For example, Harlem Park was vacated and redeveloped using eminent domain. Critical Race theorists claim that these programs continue today using colorblind policies and secondary discrimination. This dissertation sought to develop a theoretical understanding of the impact ideology has on …


An Ethnically Balanced Male Perspective Towards Police Officers Seeking Mental Health Counseling: A Hermeneutic Phenomenological Study, Arturo Parra Oct 2024

An Ethnically Balanced Male Perspective Towards Police Officers Seeking Mental Health Counseling: A Hermeneutic Phenomenological Study, Arturo Parra

Doctoral Dissertations and Projects

This phenomenological study will aim to understand an ethnically balanced male perspective toward police officers seeking mental health counseling. Police Officers are routinely exposed to stressful and traumatic events, leading to acute and chronic disorders, mental illnesses, suicide ideation, and suicide, as research has indicated. Mental health counseling can play an essential role in intervention into mental health illness, providing critical tools to police officers to handle stress and potential mental illness. However, reluctance among the police community to seek mental health counseling continues to be prevalent. Possible cause for this reluctance are suggested through research as a direct result …


Student Loan Policies And Payments During The Covid-19 Pandemic: Closing The Gap Or Widening Inequalities?, Jason Jabbari, Takeshi Terada, Haotian Zheng, Stephen Roll Oct 2024

Student Loan Policies And Payments During The Covid-19 Pandemic: Closing The Gap Or Widening Inequalities?, Jason Jabbari, Takeshi Terada, Haotian Zheng, Stephen Roll

Journal of Student Financial Aid

Student debt was specifically addressed in the federal government’s response to the COVID-19 pandemic through forbearance polices. However, not all individuals were eligible for forbearance, and it is possible that forbearance would leave some feeling further behind. Yet, little is known about student loan debt over the course of the pandemic, especially in relationship to forbearance policies, loan payments, and household financial stability. Leveraging a representative longitudinal survey of households during the pandemic, we use descriptive regression techniques to explore changes in loan balances throughout the pandemic, as well as the relationships among student loan policies, payments, and measures of …


توظيف تقنية التكلفة المرتكزة على المدة (Dbc) في تقويم الأداء وفق محاسبة المسؤولية في الوحدات الاقتصادية, رعد عبد مسلم Oct 2024

توظيف تقنية التكلفة المرتكزة على المدة (Dbc) في تقويم الأداء وفق محاسبة المسؤولية في الوحدات الاقتصادية, رعد عبد مسلم

Muthanna Journal of Administrative and Economics Sciences

يهدف هذا البحث إلى استكشاف ماهية تقنية التكلفة على أساس المدة (Duration-Based Costing – (DBC ومتطلبات تطبيقها، وما هو ودورها في تقويم الأداء وفقاً لمبادئ محاسبة المسؤولية في الوحدات الاقتصادية، حيث ان تقنية (DBC) تعكس فهماً أعمق لكيفية توزيع التكاليف على الأنشطة بناءً على الوقت المستغرق لأدائها، مما يتيح للوحدات الاقتصادية تحديد الفاعلية والكفاءة في استغلال الموارد، كما يتناول البحث كيفية تطبيق هذه التقنية لدعم تقويم الأداء من خلال تقديم تقارير مالية أكثر دقة وشفافية تسهم في تحسين اتخاذ القرارات الإدارية، ولتحقيق اهداف هذا البحث تم تطبيقه في معمل الألبسة الرجالي فرع النجف الاشرف، وتم الاعتماد على بيانات سنة 2022، …


An Update To The October 2015 Working Draft On Drogheda – Ireland’S Emerging Sixth City, Using 2022 Census Data, Brian Hughes Dr, Brian Hughes Dr Oct 2024

An Update To The October 2015 Working Draft On Drogheda – Ireland’S Emerging Sixth City, Using 2022 Census Data, Brian Hughes Dr, Brian Hughes Dr

Reports

This research update of author’s earlier Paper of October 2015 ‘Greater Drogheda: Emerging Demographic Evidence Base for Ireland’s Sixth City’ by reviewing and updating the growth of the Greater Drogheda Area (GDrA). It includes an examination of the fusion of its two largest settlements, Drogheda and fast-growing Laytown, Bettystown, Mornington and Donacarney (LBMD) towns. The scale of Drogheda’s growth is evidenced as a city and not that of the National Planning Framework’s Regional Growth Towns, as the evidence of this Paper will show. My 2015 paper and also my 2010 PhD are published in [email protected], under Brian Hughes.


دور مهارة التفكير الاستراتيجي في فاعلية إدارة الازمات: دراسة استطلاعية لآراء عينة من المدراء العاملين في وزارة التربية, احمد محمود كتاب Oct 2024

دور مهارة التفكير الاستراتيجي في فاعلية إدارة الازمات: دراسة استطلاعية لآراء عينة من المدراء العاملين في وزارة التربية, احمد محمود كتاب

Muthanna Journal of Administrative and Economics Sciences

هدف البحث الحالي الى تحديد دور مهارة التفكير الاستراتيجي متغير البحث المستقل والذي تم قياسه ب (التأمل، التفكير النظمي، واعادة الصياغة) في فاعلية إدارة الازمات التي تم قياسها ب (حشد الموارد، الاستجابة، الاتصالات)، حيث اعتمد البحث على المنهج الوصفي التحليلي في جمع وتحليل وتفسير بيانات ومعلومات البحث، كما وتم استخدام الاستبانة في جمع البيانات والمعلومات من عينة بلغ قوامها (56) مديراً عاملاً في وزارة التربية مجتمع البحث أذ تم تحليل البيانات والمعلومات التي تم الحصول عليها بواسطة البرنامج الاحصائيspss-v26))، توصل البحث الى عدد من النتائج اهمهما وجود علاقة ارتباط بين متغيري البحث فضلا عن وجود تأثير لمهارة التفكير الاستراتيجي في …


التوجه الاستراتيجي مدخلا لتفعيل التسويق الريادي للمنظمات الفندقية دراسة استطلاعية لآراء عينة من المدراء والموظفين في عدد من المنظمات الفندقية في العاصمة العراقية- بغداد, حسن عودة غضاب Oct 2024

التوجه الاستراتيجي مدخلا لتفعيل التسويق الريادي للمنظمات الفندقية دراسة استطلاعية لآراء عينة من المدراء والموظفين في عدد من المنظمات الفندقية في العاصمة العراقية- بغداد, حسن عودة غضاب

Muthanna Journal of Administrative and Economics Sciences

يهدف البحث إلى معرفة الدور الذي يلعبه التوجه الاستراتيجي والمتمثل بــــــــ(التوجه نحو الزبائن ، التوجه التكنولوجي ، التوجه نحو السوق ،التوجه نحو الخدمة) ، مدخلا لتفعيل التسويق الريادي للمنظمات الفندقية والمتمثلة بــــــــــــ(التركيز على الزبون ،التوجه الاستباقية، اقتناص الفرص)، لعدد من المنظمات العراقية في العاصمة العراقية- بغداد، وتمثلت عينة البحث بـــــــــ( مدراء الاقسام، ومدراء الشعب، والموظفين) في المنظمات الفندقية، من خلال فرضيات رئيسة أهتمت بمدى اسهام التوجه الاستراتيجي لتفعيل التسويق الريادي للمنظمات الفندقية، واعتمد الباحث على مخطط البحث تم بناءه على أساس المراجع والادبيات ذات العلاقة بموضوع البحث ، وتم اعتماد استمارة استبيان معدة لهذا الغرض وجرى تحليل البيانات باستخدام SPSS …


Public-Private Partnerships In Fema: Strengthening Communities Nationwide, Rachael A. Zerr Oct 2024

Public-Private Partnerships In Fema: Strengthening Communities Nationwide, Rachael A. Zerr

Publications and Research

This paper explores the role of public-private partnerships (PPPs) in strengthening communities through collaboration with the Federal Emergency Management Agency (FEMA). It defines FEMA’s mission and outlines the concept of PPPs, emphasizing their importance in enhancing disaster response and recovery efforts. The paper provides framework for establishing a PPP with FEMA, including key steps and practices for successful collaboration. Additionally, it highlights several examples of effective PPPs, including a longstanding partnership with Verizon Wireless. Drawing from FEMA reports and private sector publications, the paper demonstrates how these partnerships contribute to resilience and preparedness, illustrating their potential to improve the efficiency …


Measuring And Analyzing The Effectiveness Of Monetary Policy Tools To Manage The Internal Public Debt Structure In Iraq, Ali Wahaib Abdallah, Alyaa Hussein Khalaf F Al-Zarkroushib Oct 2024

Measuring And Analyzing The Effectiveness Of Monetary Policy Tools To Manage The Internal Public Debt Structure In Iraq, Ali Wahaib Abdallah, Alyaa Hussein Khalaf F Al-Zarkroushib

Muthanna Journal of Administrative and Economics Sciences

The research aims to analyze the relationship between monetary policy tools and the structure of domestic debt in Iraq based on the multiple regression model after testing the stability of the series under study using approved tests based on monthly data (2016-2024). The research reached several conclusions confirming a relationship between the variables. Using the standard method, it became clear that the relationship between the independent variable Policy Price (PP), which expresses the policy rate, the cash reserve variable Monetary Reserves (R), and the dependent variable, remittances discounted from the Central Bank (CBC), is an inverse relationship, i.e. if the …


Improving Volunteers' Safety During The Covid-19 Pandemic, Dr. Laquetta Postell Oct 2024

Improving Volunteers' Safety During The Covid-19 Pandemic, Dr. Laquetta Postell

Walden Dissertations and Doctoral Studies

The onset of COVID-19 presented multiple challenges to both governmental and nongovernmental organizations. The selected study site is a nonprofit organization located in a major Southern US City. This organization shelters homeless men. The organization depended on volunteers' assistance in offering short-term and long-term solutions to provide clothing, cleaning, and shelter for homeless men. The organization was facing new challenges due to the onset of the COVID-19 pandemic. In this study, the complexities of the social, political, and economic challenges for volunteers during the pandemic were well explored. The nonprofit organization’s challenges were examined and recommendations to help the organization …


The Carbon Crater: Comparing Anthropogenic Greenhouse Gas Emissions To Historical Planetary Events, Hal T. Nelson, Paul Reynolds, Brian W. Jewett Oct 2024

The Carbon Crater: Comparing Anthropogenic Greenhouse Gas Emissions To Historical Planetary Events, Hal T. Nelson, Paul Reynolds, Brian W. Jewett

Public Administration Faculty Publications and Presentations

Equilibrium climate sensitivity modeling relies heavily on paleoclimate records that were affected by meteorite impacts and volcanic explosions. This paper conducts a thought experiment by re-assembling known data and theories to shed new light on anthropogenic carbon waste. Anthropogenic activity, meteorite impacts and volcanic explosions all extract material from the Earth’s crust and deposit it in the atmosphere. This thought experiment tests if the mass of anthropogenic greenhouse gas emissions from 1851 to 2021 is comparable to the mass of atmospheric emissions from historical planetary events. Approximately 3.60 trillion tons of anthropogenic carbon dioxide equivalents are converted into volume and …


Imposing The Digital Tax On The Profits Of Electronic Companies And Its Impact On Increasing Revenues: A Survey Study Of The Opinions Of A Sample Of Managers And Estimators Working In The General Tax Authority In Iraq, Bushra Hassan Mohamed El-Toby Oct 2024

Imposing The Digital Tax On The Profits Of Electronic Companies And Its Impact On Increasing Revenues: A Survey Study Of The Opinions Of A Sample Of Managers And Estimators Working In The General Tax Authority In Iraq, Bushra Hassan Mohamed El-Toby

Muthanna Journal of Administrative and Economics Sciences

The study aims to show the financial impact of the imposition of the digital tax on the profits of electronic companies in increasing the general revenues of the state and to identify the obstacles that tax authorities may face during its imposition. The study methodology relies on the inductive approach in observing the research problem represented by the weak contribution of traditional tax revenues in supporting general revenues, as well as the deductive approach to clarify the nature of the relationship between the independent and dependent study variables according to theoretical and applied frameworks. For this purpose, we designed a …


The Impacts Of A Multimodal Safety Project On North Lombard Street In Portland, Oregon, Jason Anderson Oct 2024

The Impacts Of A Multimodal Safety Project On North Lombard Street In Portland, Oregon, Jason Anderson

PSU Transportation Seminars

North Lombard Street/US-30 Bypass is a critical corridor in North Portland, serving both commercial and residential interests. This corridor is also ranked 11th in terms of fatal and serious injury crashes in Portland. The Oregon Department of Transportation and the Portland Bureau of Transportation undertook a reconfiguration to improve multimodal safety and accessibility for all users. The reconfiguration happened between North Fiske Ave and North Boston Ave. Improvements included additional curb ramps that meet ADA standards, safer crosswalks with fewer lanes to cross, buffered bike lanes, new pavement and center turn lanes, traffic signals, and RRFBs and median refuge islands. …


2024 Homecoming Flyer, Morehead State University. Office Of Communications & Marketing. Oct 2024

2024 Homecoming Flyer, Morehead State University. Office Of Communications & Marketing.

Communications and Marketing Publications Archive

The 2024 Homecoming Flyer.


Racial Residential Segregation And Covid-19 Health Outcomes: Evidence From The State Of Georgia, Palak Patel, Simon Medcalfe, Catherine P. Slade Oct 2024

Racial Residential Segregation And Covid-19 Health Outcomes: Evidence From The State Of Georgia, Palak Patel, Simon Medcalfe, Catherine P. Slade

Journal of the Georgia Public Health Association

ABSTRACT

Background:

According to the Georgia Department of Public Health (GDPH), the state of Georgia reported 563,658 cumulative COVID-19 cases and 9,845 total deaths in 2020. Decades of research on racial disparities in health outcomes suggest we should not be surprised with the disproportionate number of cases, hospital visits, and deaths of non-white and Black Georgia residents. Racial disparities in health are often defined by a Social Determinants of Health (SDOH) model. One understudied SDOH is racial residential segregation. In this study we explore the relationship between racial residential segregation and COVID-19 health outcomes. Our paper addresses critical challenges for …


Dual Effect Of Exchange Rate Policies And Export Promotion On China’S Economic Growth (1990-2023), Ihab Abbas Mohammed Al-Faisal, Zahid Qasim Al-Saadib Oct 2024

Dual Effect Of Exchange Rate Policies And Export Promotion On China’S Economic Growth (1990-2023), Ihab Abbas Mohammed Al-Faisal, Zahid Qasim Al-Saadib

Muthanna Journal of Administrative and Economics Sciences

The study aims to identify the Chinese economy’s economic variables by studying and analyzing exchange rate and export promotion policies as they directly relate to the country and its external environment. Studying the relationship between currency exchange rates and exports, on the one hand, and exports and economic growth in China, on the other hand, is essential in knowing when devaluing the Yuan exchange rate leads to higher export growth, which helped raise economic growth rates in China. Therefore, the study relied on the hypothesis that “if China comes up with financial policies to reduce the exchange rate of its …


Lessons Learned: Martín Redrado, Vincient Arnold Oct 2024

Lessons Learned: Martín Redrado, Vincient Arnold

Journal of Financial Crises

Martín Redrado was appointed president of the Central Bank of Argentina by President Néstor Kirchner in 2004 and oversaw measures to manage the external shocks of the Global Financial Crisis of 2007–09. He resigned in 2010 after President Cristina Fernández de Kirchner tried to remove him over a dispute regarding the use of the bank’s reserves to fund the government. After leaving the bank, Redrado authored the book No Reserve: The Limit of Absolute Power, which argues against the danger of mixing politics and economics. He is currently a director of the think tank Fundación Capital and most recently was …


Lessons Learned: Alfred Dellibovi, Maryanne Chute Lynch, Rosalind Z. Wiggins Oct 2024

Lessons Learned: Alfred Dellibovi, Maryanne Chute Lynch, Rosalind Z. Wiggins

Journal of Financial Crises

The Yale Program on Financial Stability (YPFS) interviewed Alfred DelliBovi about his tenure as president and chief executive officer of the Federal Home Loan Bank of New York leading up to and during the Global Financial Crisis of 2007–09 (GFC). The Federal Home Loan Banks (FHLBs) played a critical and unexpected lending role for their member banks at the start of the crisis. DelliBovi remained in his position for 21 years, until 2014. Before moving to the FHLB, DelliBovi had served as deputy secretary at the United States Department of Housing and Urban Development (HUD) from 1989 to 1992, in …


Policy Note | Discount Window Stigma: What's Design Got To Do With It?, Susan Mclaughlin Oct 2024

Policy Note | Discount Window Stigma: What's Design Got To Do With It?, Susan Mclaughlin

Journal of Financial Crises

This article utilizes discount window transaction data, which the Federal Reserve began disclosing in 2010, to assess how the Fed’s 2003 redesign of the discount window has affected banks’ use of the window. The data show that while the discount window remains stigmatized and relatively little used outside periods of funding market stress, secondary credit has at times played a role in supporting bank recovery and resolution, as envisioned by the 2003 redesign. This development raises a policy question: has the two-tiered design of the discount window implemented in 2003, in which a lending facility for sound banks operates alongside …


Policy Note | Weekly Fed Report Still Drives Discount Window Stigma, Steven Kelly Oct 2024

Policy Note | Weekly Fed Report Still Drives Discount Window Stigma, Steven Kelly

Journal of Financial Crises

As banking regulators work to destigmatize the Federal Reserve’s discount window—and fervently so since the 2023 banking crisis—they’ve pointed to several potentially fruitful policy routes. These have included supervisory improvements, regulatory changes, and operational enhancements by both the banks and the Fed. Left off the menu so far have been changes to the Fed’s weekly publications that reveal up-to-date discount window borrowing data by regional geography. Reforms following the Global Financial Crisis of 2007–2009 have made mandatory the disclosure of discount window borrowers on a two-year lag—higher transparency than previously when no disclosure was required. However, bigger banks, such as …


Russia: Otkritie Bank Restructuring, 2017, Benjamin Hoffner Oct 2024

Russia: Otkritie Bank Restructuring, 2017, Benjamin Hoffner

Journal of Financial Crises

In July and August 2017, Otkritie Bank, Russia’s largest privately owned bank, experienced a deposit run related to concerns over Otkritie’s recent acquisitions. The run prompted Otkritie’s shareholders to approach the Central Bank of Russia (CBR) for assistance. On August 29, 2017, the CBR announced a rescue plan for Otkritie. In it, the CBR pledged to become Otkritie’s main investor using a newly created resolution mechanism wherein the CBR would take at least a 75% equity stake using funds from the Fund for Banking Sector Consolidation, a subdivision of the CBR. The CBR simultaneously appointed a provisional administration, composed of …


United States: Citigroup Capital Injection, 2008, Benjamin Hoffner, Vincient Arnold Oct 2024

United States: Citigroup Capital Injection, 2008, Benjamin Hoffner, Vincient Arnold

Journal of Financial Crises

During the first three weeks of November 2008, Citigroup’s stock price dropped almost 80%, and its credit default swap spreads spiked as the market lost confidence in the bank’s ability to honor its commitments. Counterparties pulled away, and regulators determined Citi’s failure would constitute a systemic risk. On November 23, 2008, the Treasury, Federal Reserve Board, and Federal Deposit Insurance Corporation announced a package of measures to rescue Citi, which included an Asset Guarantee Program (AGP) to cover $306 billion in Citi’s assets and an ad hoc capital injection—the Targeted Investment Program (TIP). Under the guarantee, Citi would absorb the …


United States: Bank Of America Capital Injection, 2009, Benjamin Hoffner, Vincient Arnold Oct 2024

United States: Bank Of America Capital Injection, 2009, Benjamin Hoffner, Vincient Arnold

Journal of Financial Crises

On September 15, 2008, Bank of America (BofA) announced a merger with the investment bank Merrill Lynch. In December, BofA learned that Merrill Lynch had experienced large, unexpected losses amounting to $15.5 billion during the fourth quarter of 2008. In light of these losses, BofA’s CEO informed the US Treasury secretary and Federal Reserve chairman that BofA intended to invoke the material adverse change clause of the merger agreement, allowing for a renegotiation of, or escape from, the merger. Officials at the Fed and Treasury warned BofA that a failure of the merger would have adverse consequences for BofA and …


Switzerland: Schweizerische Volksbank Capital Injection, 1933, Anmol Makhija Oct 2024

Switzerland: Schweizerische Volksbank Capital Injection, 1933, Anmol Makhija

Journal of Financial Crises

Schweizerische Volksbank, or Swiss People’s Bank, grew to be the second-largest bank in Switzerland by 1930, when its balance sheet peaked at 1.7 billion Swiss francs (CHF). Beginning in 1929, nonperforming assets weighed on Volksbank’s profitability. By 1933, the bank faced losses on CHF 118.5 million in assets, representing approximately 10% of total assets. The government provided liquidity in the form of loans and deposits to Volksbank in 1931 and again in 1933 until it could finalize a capital injection. In 1933, the government determined that Volksbank was too important to the national economy to allow its failure. As owners …


Switzerland: Ubs Capital Injection, 2008, Anmol Makhija Oct 2024

Switzerland: Ubs Capital Injection, 2008, Anmol Makhija

Journal of Financial Crises

UBS, the eighth-largest bank in the world and the largest bank in Switzerland in 2008, incurred write-downs totaling USD 50 billion during the Global Financial Crisis, mostly on exposures to securities linked to US subprime mortgages. On October 16, 2008, the Swiss Federal Council announced that the government would subscribe to CHF 6 billion (USD 5.3 billion) of mandatory convertible notes (MCNs) issued by UBS to restore confidence in the bank and the financial system. UBS agreed to use the government’s capital to fund the equity for a special purpose vehicle, StabFund, that the central bank created to take over …


Spain: Caja De Ahorros Castilla–La Mancha Capital Injection, 2009, Lakshimi Swaminathan, Vincient Arnold Oct 2024

Spain: Caja De Ahorros Castilla–La Mancha Capital Injection, 2009, Lakshimi Swaminathan, Vincient Arnold

Journal of Financial Crises

Caja de Ahorros Castilla–La Mancha (CCM) was a small Spanish savings bank with just 1% market share in deposits and loans. Following years of rapid credit expansion in the real estate sector and reliance on wholesale funding markets to carry out its operations between 2000 and 2008, CCM found itself on the brink of insolvency in early 2009, with a Tier 1 capital ratio of just 1.3%, compared with the 8% regulators required. The authorities placed the bank under administration in 2009. Consequently, the Spanish Savings Bank Deposit Guarantee Fund (Fondo de Garantía de Depósitos de Ahorros, or FGD) agreed …


Portugal: Banco Espírito Santo Capital Injection, 2014, Salil Gupta, Shavonda Brandon Oct 2024

Portugal: Banco Espírito Santo Capital Injection, 2014, Salil Gupta, Shavonda Brandon

Journal of Financial Crises

Banco Espírito Santo (BES) was the second-largest private bank in Portugal in 2014, with assets of EUR 80 billion (USD 81 billion). A capital increase of EUR 1.1 billion to the BES was concluded on market terms in June 2014. The Bank of Portugal (BOP) adopted a resolution measure for BES on August 3, 2014, to safeguard financial stability by protecting all depositors and ensuring continuation of operating activities of the bank. The Portuguese Resolution Fund provided equity capital of EUR 4.9 billion to a bridge bank, Novo Banco, with 100% public ownership and the expectation of sale to private …


Russia: Otkritie Bank Capital Injection, 2017, Benjamin Hoffner Oct 2024

Russia: Otkritie Bank Capital Injection, 2017, Benjamin Hoffner

Journal of Financial Crises

In July and August 2017, Otkritie Bank, Russia’s largest privately owned bank, experienced a deposit run related to concerns over recent acquisitions, including a large, troubled bank and insurance company. The run prompted Otkritie’s shareholders to ask the Central Bank of Russia (CBR) for assistance, which the CBR announced on August 29, 2017. In the announcement and subsequent press interviews, the CBR pledged to become Otkritie’s main investor using a newly created resolution mechanism wherein the CBR would take at least a 75% equity stake using funds from the Fund for Banking Sector Consolidation (FBSC), a subsidiary of the CBR. …


Latvia: Parex Bank Capital Injection, 2008, Bailey Decker Oct 2024

Latvia: Parex Bank Capital Injection, 2008, Bailey Decker

Journal of Financial Crises

Heading into the Global Financial Crisis, JSC Parex banka was Latvia’s second-largest bank in terms of assets, comprising 13.8% of total assets in the Latvian banking sector. In autumn 2008, Parex faced a capital shortfall owing to massive credit and market losses in addition to increasing liquidity problems and deposit runs of 240 million Latvian lats (LVL; USD 428.6 million). Parex’s capital adequacy ratio fell below the regulatory minimum of 8% on October 28, 2008. Parex had two senior syndicated loans maturing in February and June 2009, totaling EUR 775 million (USD 992 million). Latvian authorities doubted that Parex would …