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Full-Text Articles in Economic Policy

Swedish Amcs: Securum And Retriva, Mallory Dreyer Jun 2021

Swedish Amcs: Securum And Retriva, Mallory Dreyer

Journal of Financial Crises

With the liberalization of the Swedish banking system in the 1980s, there was a rapid credit expansion, and real estate prices soared. When the Swedish economy began to weaken, real estate prices began to decline, and finance companies faced difficulties. Swedish banks were not insulated from financial pressures, and Nordbanken, a majority state-owned bank, declared large credit losses in 1990. The Swedish government’s response was initially ad hoc and targeted to specific banks, but in 1992, the government announced an open-ended guarantee of all bank liabilities. The crisis response also included a bank restructuring program and the establishment of targeted …

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The Hungarian Loan Consolidation Program, Mallory Dreyer Jun 2021

The Hungarian Loan Consolidation Program, Mallory Dreyer

Journal of Financial Crises

After spinning off the commercial banking functions that the central bank had performed for many years into three new banks, post-Communist Hungary faced a severe recession in 1992. The recession led to a high level of nonperforming loans (NPLs) in the banking system. In 1992, the Hungarian government announced a Loan Consolidation Program (LCP) to remove bad debt from the balance sheets of banks on a voluntary basis. Depending on the date when a loan was classified as “bad,” the government paid 50%, 80%, or 100% of book value. In 1992, banks transferred bad debt with a book value of …

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Czech And Slovak Federative Republic: Consolidation Bank (Kob), Lily S. Engbith Jun 2021

Czech And Slovak Federative Republic: Consolidation Bank (Kob), Lily S. Engbith

Journal of Financial Crises

Following the disintegration of the Soviet Union and subsequent Velvet Revolution in 1989, the former Czech and Slovak Federative Republic (CSFR) began the complex transition from a centrally controlled command economy to a market-based economy. The transition necessitated the removal of non-performing loans from state-owned banks’ balance sheets, a task assigned by the Ministry of Finance to the newly formed Consolidation Bank (Konsolidační Banka, hereafter “KOB”). Established on February 25, 1991, the KOB was specifically mandated to acquire and restructure what were known as “TOZ” loans, unsecured debt with no amortization schedules and unsustainably high interest rates. The …

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Bureau De Recouvrement Des Crédits Du Burkina (Brcb), Mallory Dreyer Jun 2021

Bureau De Recouvrement Des Crédits Du Burkina (Brcb), Mallory Dreyer

Journal of Financial Crises

In Burkina Faso, the pre-1990s banking system was characterized by a high level of government involvement and ownership, which led to government-induced lending rather than lending based on creditworthiness. Nonperforming loans in the Burkinabe banking system grew to 10 percent of total loans in 1991. In order to address the banking crisis in 1991, the Burkinabe government entered into a Structural Adjustment Facility with the IMF and other multilateral organizations which prioritized the privatization of government-owned enterprises and included rehabilitation of the financial system. As part of this restructuring, the government established the Bureau de Recouvrement des Crédits du Burkina …

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Us Resolution Trust Corporation, Aidan Lawson, Lily S. Engbith Jun 2021

Us Resolution Trust Corporation, Aidan Lawson, Lily S. Engbith

Journal of Financial Crises

The savings and loan (S&L) industry experienced a period of turbulence at the end of the 1970s as sharply increasing interest rates caused much of the value of the industry’s net worth to evaporate due to its focus on long-term, fixed-rate mortgages. As a result, a period of rapid deregulation followed, and S&Ls, also called thrifts, engaged in increasingly risky behavior despite many being clearly insolvent. This trend of yield-seeking growth on the part of zombie thrifts forced the government’s hand as huge losses rendered the insurance fund backing the industry, called the Federal Savings and Loan Insurance Corporation (FSLIC), …

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Senegal Société Nationale De Recouvrement (Snr), Corey N. Runkel Jun 2021

Senegal Société Nationale De Recouvrement (Snr), Corey N. Runkel

Journal of Financial Crises

In the late 1980s, Senegal embarked on a comprehensive set of reforms to its banking sector. The reforms comprised changes to management, supervision, and lending standards after loose central bank refinancing standards had let the nonperforming loans (NPLs) caused by drought and public enterprise mismanagement linger on bank balance sheets. In the process, the country attempted to recover NPLs worth hundreds of billions of francs. Senegal closed several state-controlled banks, transferring bad assets and certain liabilities to a new asset management company, the Société Nationale de Recouvrement (SNR). The SNR’s debt recoveries would reimburse depositors in the liquidated banks and …

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Uruguayan Non-Performing Portfolio Purchase Scheme, Sean Fulmer Jun 2021

Uruguayan Non-Performing Portfolio Purchase Scheme, Sean Fulmer

Journal of Financial Crises

As the Latin American sovereign debt crisis spread through the continent during the early 1980s, foreign investors began to abandon Uruguay out of fear that it would devalue its currency like Argentina did in March 1981. Five small- to medium-sized commercial banks in Uruguay faced solvency crises as a result. Although the Central Bank of Uruguay (CBU) decided that a full, direct intervention into the failed banks was not necessary due to their size, the CBU arranged for the sale of the banks to foreign financial institutions, while assuming the non-performing portfolios of the failed banks to facilitate the transaction. …

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Spain: Deposit Guarantee Fund Asset Management, Manuel León Hoyos Jun 2021

Spain: Deposit Guarantee Fund Asset Management, Manuel León Hoyos

Journal of Financial Crises

The global oil shock in 1973-74 occurred at a time when Spain was embarking on a liberalization of its financial system that resulted in many new entrants, particularly small- and medium-sized institutions. The banking crisis that followed from 1977-85 affected 52 of the country’s 110 banks, most of them of small- and medium-sized, that comprised over 20% of bank deposits. Spain established the Deposit Guarantee Fund in November 1977 to provide limited deposit insurance, and, in March 1978, established a Banking Corporation to take control of and reorganize troubled banks. However, because the Banking Corporation lacked the legal authority to …

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Broad-Based Asset Management Programs, Christian M. Mcnamara, Greg Feldberg, Mallory Dreyer, Andrew Metrick Jun 2021

Broad-Based Asset Management Programs, Christian M. Mcnamara, Greg Feldberg, Mallory Dreyer, Andrew Metrick

Journal of Financial Crises

Dealing with high levels of nonperforming assets (NPAs) on bank balance sheets is one of the most challenging aspects of financial crisis management. High levels of NPAs can interfere with both bank profitability and general economic growth by increasing uncertainty about bank solvency and therefore funding costs, tying up resources and attention, and inhibiting new lending. One potential solution to the NPA problem is a centralized, government-driven effort to remove these assets from troubled institutions and then manage and sell them. Though such broad-based asset management (BBAM) programs existed even earlier in history, they appear to have become more common …

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Pembiayaan Pasien Covid-19 Dan Dampak Keuangan Terhadap Rumah Sakit Yang Melayani Pasien Covid-19 Di Indonesia Analisis Periode Maret 2020 – Desember 2020, Wiwi Ambarwati Jun 2021

Pembiayaan Pasien Covid-19 Dan Dampak Keuangan Terhadap Rumah Sakit Yang Melayani Pasien Covid-19 Di Indonesia Analisis Periode Maret 2020 – Desember 2020, Wiwi Ambarwati

Jurnal Ekonomi Kesehatan Indonesia

Hospital visit volumes decline to 50% during the COVID-19 pandemic, which has reduced hospital revenue. The burden of hospitals handling COVID-19 patients is getting higher due to the late payment of COVID-19 claims. This study aims to review COVID-19 payment regulation in hospitals, constraints of policy implementation, and hospital financial challenges in Indonesia. This is a descriptive-analytic study, data collection is carried out through literature searches from scientific journals, BPJS Kesehatan, the Ministry of Health, Hospital Associations, and scientific seminars in online mass media. BPJS Kesehatan data as of 28 January 2020 shows, number of COVID-19 claims was 433,077 and …

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Pengaruh Pengadaan Barang Dan Jasa Pada Masa Pandemi Corona Virus Disease 2019 (Covid-19) Terhadap Kondisi Keuangan Rumah Sakit Di Rsup Dr. Kariadi Semarang, Himawan Sasongko Jun 2021

Pengaruh Pengadaan Barang Dan Jasa Pada Masa Pandemi Corona Virus Disease 2019 (Covid-19) Terhadap Kondisi Keuangan Rumah Sakit Di Rsup Dr. Kariadi Semarang, Himawan Sasongko

Jurnal Ekonomi Kesehatan Indonesia

The mechanism for procuring goods and services in handling emergencies is different from regular/ordinary conditions. The main difference is in the stage of the procurement implementation. Today's problems are the enormous price disparity, the increasing availability and demand, especially for personal protective equipment (PPE). The disparity has resulted in more significant expenses in hospital spending, this condition impact hospital finances. This research is an observational study. The method is qualitative with interviews and data collection. The data taken are primary data and secondary data. Informants consist of main informants and triangulation informants. The data collection instrument was an in-depth interview …

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Mandatory Social Distancing For Covid-19 Outbreak And Its Economic Consequences In West Sumatera - Indonesia, Endrizal Ridwan, Besti Novianda Jun 2021

Mandatory Social Distancing For Covid-19 Outbreak And Its Economic Consequences In West Sumatera - Indonesia, Endrizal Ridwan, Besti Novianda

Jurnal Ekonomi Kesehatan Indonesia

The Governor of West Sumatra Province of Indonesia imposed a mandatory social distancing (PSBB) to slow down the Covid-19 outbreak from 22 April to 7 June 2020. The cons argued that PSBB was ineffective because of the impossibility to limit people’s movements. The pros, on the other hand, viewed PSBB as a training facility to increase people’s awareness about the pandemic. Our research aims at evaluating the effectiveness of PSBB by using the Kermack-McKendrick SIR pandemic model and the NLSUR non-linear least square estimation. Using daily data published by the Covid-19 task force, we found that PSBB had a positive …

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Behavioral Changes In Accessing Outpatient Care During The Covid-19 Pandemic, Alfiah Hasanah, Donny Hardiawan, Jefani Marrosa, Adlan Ramadhan, Heriyaldi Heriyaldi, Estro Dariatno Sihaloho, Adiatma Y. M. Siregar Jun 2021

Behavioral Changes In Accessing Outpatient Care During The Covid-19 Pandemic, Alfiah Hasanah, Donny Hardiawan, Jefani Marrosa, Adlan Ramadhan, Heriyaldi Heriyaldi, Estro Dariatno Sihaloho, Adiatma Y. M. Siregar

Jurnal Ekonomi Kesehatan Indonesia

Unwillingness to seek healthcare has been observed in citizens from many countries during the Covid-19 pandemic. Previous studies show that the changes in behavior are due to various reasons such as economic slowdown, loss of health insurance due to termination of employment, and fear of contracting the virus. This behavior may result in worsened health conditions, making a individual more susceptible to the virus. The supply side of health care is one of the things that should be considered in the discussion about access to health care in developing countries. This paper investigates access to the healthcare problem of Indonesians, …

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Perhitungan Cost Of Treatment Pada Pasien Rawat Inap Penderita Stroke Peserta Bpjs Di Rsud Dr. Mohamad Saleh Kota Probolinggo, Azizah Munawwarah Jun 2021

Perhitungan Cost Of Treatment Pada Pasien Rawat Inap Penderita Stroke Peserta Bpjs Di Rsud Dr. Mohamad Saleh Kota Probolinggo, Azizah Munawwarah

Jurnal Ekonomi Kesehatan Indonesia

Stroke is one of the catastrophic diseases which is the most cause of death in Indonesia. Probolinggo is the second highest prevalence city of stroke in East Java. The prevalence and mortality of stroke have increased in RSUD dr. Mohamad Saleh Probolinggo. Stroke is a high-cost and life-threatening disease, so that the propitious financial management is needed to ensure the effectiveness and efficiency of this services. Therefore, it is necessary to do a study of cost of treatment that measures the cost of stroke treatment. The purpose of this study was to describe cost of treatment of stroke patients as …

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Refugees/Displaced People In The Workplace, Sharon L. Segrest, Amy E. Hurley-Hanson, Cristina M. Giannantonio Jun 2021

Refugees/Displaced People In The Workplace, Sharon L. Segrest, Amy E. Hurley-Hanson, Cristina M. Giannantonio

Business Faculty Articles and Research

No abstract provided.

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Intro To This Special Issue: Refugees/Displaced People In The Workplace, Sharon L. Segrest, Amy E. Hurley-Hanson, Cristina M. Giannantonio Jun 2021

Intro To This Special Issue: Refugees/Displaced People In The Workplace, Sharon L. Segrest, Amy E. Hurley-Hanson, Cristina M. Giannantonio

Business Faculty Articles and Research

This special issue focuses on refugees’ experiences and displaced people across a diverse set of ethnicities and circumstances. The growing number of refugees and displaced people and the work and life difficulties they face are central social issues in the world today. This special issue will explore how refugees and displaced people in Brazil can be fully integrated, socialized, engaged, embraced, and affirmed into the workplace and society. Research is presented on the experiences of refugees and displaced people, a growing but under-researched segment of the world’s population. Little is known about refugees’ career experiences and displaced people and how …

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The Contribution Of Mining Sector To Sustainable Development In Saudi Arabia, Mourad Zmami, Ousama Ben-Salha, Sultan O. Almarshad, Houyem Chekki Jun 2021

The Contribution Of Mining Sector To Sustainable Development In Saudi Arabia, Mourad Zmami, Ousama Ben-Salha, Sultan O. Almarshad, Houyem Chekki

Journal of Sustainable Mining

The mining sector development is among the priorities of the Saudi Vision 2030. There is currently a lot of interest in the role of the mining sector in Saudi Arabia. This research contributes to this debate by empirically assessing the effects of mining on sustainable development in Saudi Arabia during the period 1980-2018. Unlike many previous studies, the three sustainable development dimensions, namely economic, social, and environmental, are jointly considered. The cointegration analysis, based on the ARDL, Gregory-Hansen, and combined cointegration tests, confirms the existence of long-run relationships between mining and all sustainable development dimensions. Furthermore, the findings lend substantial …

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Impact Of Income And Corporate Taxes On Economic Development In Egypt, Khaled Abo-Ahmed Jun 2021

Impact Of Income And Corporate Taxes On Economic Development In Egypt, Khaled Abo-Ahmed

Theses and Dissertations

The purpose of this study is to examine how do corporate and income taxes impact economic development in Egypt. This study uses the analytical quantitative method, and the approach of this study is based on using annual time series data for the period 1980 to 2018 to estimate two models by using Autoregressive distributed lag (ARDL) model. First estimation is between direct taxes (corporate and income taxes) and Growth domestic product (GDP) growth as dependent variable, and the second one by using human development index (HDI) instead of GDP growth. The second objective is to investigate the difference, if any, …

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Vision Redux: Power And Policy In Saudi Arabia, Ross Douglas Kimm Jun 2021

Vision Redux: Power And Policy In Saudi Arabia, Ross Douglas Kimm

Theses and Dissertations

The size and scope of the Vision 2030 modernization plan and the associated Saudi Aramco initial public offering are watershed events in the history of the modern Kingdom of Saudi Arabia. However, they are not outside the history of the country’s development. This thesis, tracing the roots of this latest development plan back to the founding of the current Saudi state, found that Vision 2030 shares many characteristics with previous efforts. Further, it also found precedence for powerful princes rising to power at times of tectonic change. Finally, while historical context is key to understanding this moment in the Kingdom, …

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The Impact Of Global Crises On Women: The Case Of Covid-19 In Egypt, Nour A. Dokhan Jun 2021

The Impact Of Global Crises On Women: The Case Of Covid-19 In Egypt, Nour A. Dokhan

Theses and Dissertations

Any global crisis is expected to affect every human being, but for women it is always twice as hard. In the case of Covid-19, women are more affected across every domain, from social protection to health, simply because if their gender. This research explores the impact of Covid-19 on women, both economically and socially, with the focus on the case of Egypt. It explores the systematic gender inequalities in the economic, social, and health spheres using cases from previous crises, and how this gender inequality and vulnerability has resulted in much worse consequences of Covid-19 than that of men. The …

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Domestic Workers In The Mountain West, Olivia K. Cheche, Saha Salahi, Katie M. Gilbertson, Caitlin J. Saladino, William E. Brown Jr., Eshaan Vakil Jun 2021

Domestic Workers In The Mountain West, Olivia K. Cheche, Saha Salahi, Katie M. Gilbertson, Caitlin J. Saladino, William E. Brown Jr., Eshaan Vakil

Economic Development & Workforce

This fact sheet explores the number of domestic workers employed in the Mountain West (Arizona, Colorado, Nevada, New Mexico, and Utah), as originally reported in the Economic Policy Institute’s “Domestic Workers Chartbook.” Data for domestic worker median wages compared to the median wages of nondomestic workers are also included.

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The Insertion Of Syrian Refugees In The Egyptian Labor Market: With Special Focus On Food And Restaurants Sector, Mai Ali Hassan Jun 2021

The Insertion Of Syrian Refugees In The Egyptian Labor Market: With Special Focus On Food And Restaurants Sector, Mai Ali Hassan

Theses and Dissertations

This thesis is about the insertion of Syrian refugees in the Egyptian labor market. It specifically focuses on this insertion in the food and restaurants sector. It reviews the theoretical literature that tackled the economic integration of refugees and asylum seekers. It also examines the legal framework governing refugees in Egypt as well as the legal apparatus provisions related to their employment. Both are factors determining the access of refugees to the Egyptian labor market. The thesis finds that other economic and social factors also determine and facilitate the access of Syrian refugees to the Egyptian labor market. In the …

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The Economics Of Giving: How Monetary Policy Impacts Charitable Giving, Asa J. F. Cort Jun 2021

The Economics Of Giving: How Monetary Policy Impacts Charitable Giving, Asa J. F. Cort

Doctoral Dissertations (DBA)

This paper examines the impact of the monetary policy transmission mechanism specifically the Loan Supply (Narrow Credit Channel), Market Interest Rates (Interest Rate Channel) and Asset Price Levels (Wealth Channel) have on charitable giving within the United States. An OLS (Ordinary Least Squares) model is used to test whether the variables within each channel influences charitable giving. We find that each variable used (revolving credit, real estate loans, federal funds rate, inflation, real disposable income and housing prices) is statistically significant in influencing charitable giving within the United States.

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Entitled To Property: Inheritance Laws, Female Bargaining Power, And Child Health In India, Plamen Nikolov, Shahadath Hossain May 2021

Entitled To Property: Inheritance Laws, Female Bargaining Power, And Child Health In India, Plamen Nikolov, Shahadath Hossain

Economics Faculty Scholarship

Child height is a significant predictor of human capital and economic status throughout adulthood. Moreover, non-unitary household models of family behavior posit that an increase in women’s bargaining power can influence child health. We study the effects of an inheritance policy change, the Hindu Succession Act (HSA), which conferred enhanced inheritance rights to unmarried women in rural India, on child height. We find robust evidence that the HSA improved the height and weight of children. In addition, we find evidence consistent with a channel that the policy improved the women’s intrahousehold bargaining power within the household, leading to improved parental …

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Neo-Extracting Gilded Welfare States: A Comparative Study Of Extractivism And Latin American Welfare State Formation, Pabvitraa Ramcharan May 2021

Neo-Extracting Gilded Welfare States: A Comparative Study Of Extractivism And Latin American Welfare State Formation, Pabvitraa Ramcharan

Student Theses and Dissertations

This paper attempts to establish a stronger linkage between neo-extractivism and social welfare states in contemporary Latin America using both a micro and macro perspective. By emphasizing the human capital aspect of the welfare state’s role in promoting equitable redistribution and correcting market failures, this paper attempts to evaluate the extent to which extractive industries contribute to human capital formation. Due to the sectors’ large influence on the state and weak capacity to create employment, I develop the concept of the “gilded welfare state,” defined by the inability of extractive industries to ensure equal opportunity and generate formal employment despite …

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Budgetary Obstacles To Police Reform: The Case Of San Francisco, Hayden Anderson May 2021

Budgetary Obstacles To Police Reform: The Case Of San Francisco, Hayden Anderson

Master's Projects and Capstones

In response to the murder of George Floyd in May 2020, the Black Lives Matter movement issued a statement calling on cities to Defund the Police. The event sparked a nationwide reckoning that has reshaped the narratives and strategies for remedying the racial bias and police brutality apparent in the criminal justice system. The shift in police reform efforts embraces notions guiding police budgeting decisions. Today's advocates are transforming their approach to police reform to include budgeting decisions by promoting a municipal practice known as police budget reform. This Capstone explores the feasibility of successful police budget reform under current …

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The Effect Of State Level Covid-19 Stay-At-Home Orders On Death Rates, Stephen A. Langeland, Jose Marte, Kyle Connif May 2021

The Effect Of State Level Covid-19 Stay-At-Home Orders On Death Rates, Stephen A. Langeland, Jose Marte, Kyle Connif

Helm's School of Government Conference - 2021-2024

This paper attempts to examine a correlation between lockdown length and COVID-19 case rate, death rate and fatality rate. In March of 2020, the publishing of alarmist epidemiological models prompted government officials to enact sweeping emergency measures (Miltimore 2020). Notably, the Imperial College London model published by epidemiologist Neil Ferguson predicted a “best-case scenario” of 1.1 million COVID-19 deaths in the U.S. by August 2020. This model heightened concern that the hospital system would be overwhelmed, a reason cited by President Trump’s Coronavirus Task Force members, Dr. Birx and Dr. Fauci, as justification for the “15 Days to Flatten the …

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Antitrust In The Age Of Trump, Stephen Langeland May 2021

Antitrust In The Age Of Trump, Stephen Langeland

Helm's School of Government Conference - 2021-2024

Calls for regulation of major tech giants are currently ringing out from both the left and right sides of the political spectrum, largely for different reasons (Soave 2020). The current DOJ antitrust suit against Google was undermined by murmurs of political motivation as former-Attorney General William Barr personally played a key role in pushing the investigation forward into a lawsuit. (Birnbaum 2020). Prior examples of this can be seen in the reportedly political motivation of the DOJ’s unsuccessful attempt to block the 2017 merger of President Trump’s nemesis CNN’s parent company Time Warner and AT&T following President Trump’s campaign trail …

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The European Union: Data Protection For Economic Competition And Regional Security, Matthew D. Wurst May 2021

The European Union: Data Protection For Economic Competition And Regional Security, Matthew D. Wurst

Hatfield Graduate Journal of Public Affairs

The collection and use of personal data is being increasingly scrutinized by governments and the European Union (EU) has been attempting to handle the development of data protection based progressive protections to protect its citizens data and right to privacy. With the reemergence of Russia in challenging the state of affairs within Europe, their illegal seizure of the Crimea from Ukraine demonstrated the lengths Russia will go to in order to preserve its sphere of influence. Furthermore, Russia’s use of cyber tactics and hybrid warfare has caused many in Europe to become more concerned for their security. When viewed through …

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Meddling In The Post-Black Death Economy: Edward Iii’S Policies To Repress The Peasantry, Leah Diciesare, Daniel Melleno May 2021

Meddling In The Post-Black Death Economy: Edward Iii’S Policies To Repress The Peasantry, Leah Diciesare, Daniel Melleno

DU Undergraduate Research Journal Archive

The Black Death caused a mass mortality in England, drastically affecting society. However, it was the aftermath of the plague that had the greatest impacts. The loss of life removed pressure on the economy due to population density, which gave the peasants opportunities to improve their lives. But that was a short-lived phenomenon; the peasantry ultimately remained repressed, as they had been prior to the plague. Edward III meddled in the English economy in the wake of the Black Death by introductions price and wage regulations. These efforts were to maintain the status quo in English society so that the …

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