Open Access. Powered by Scholars. Published by Universities.®
Policy Design, Analysis, and Evaluation Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Institution
-
- Yale University (97)
- US Army War College (37)
- Maurer School of Law: Indiana University (17)
- University of Colorado Law School (13)
- University of Denver (12)
-
- SIT Graduate Institute/SIT Study Abroad (11)
- University of Kentucky (11)
- University of Nevada, Las Vegas (10)
- University of Arkansas, Fayetteville (9)
- Claremont Colleges (8)
- Montclair State University (8)
- Purdue University (8)
- Rhode Island School of Design (7)
- University at Albany, State University of New York (7)
- University of New Hampshire (7)
- University of Massachusetts Boston (6)
- University of Nebraska - Lincoln (6)
- Wilfrid Laurier University (5)
- San Jose State University (4)
- The University of San Francisco (4)
- University of Rhode Island (4)
- World Maritime University (4)
- Association of American Law Schools (3)
- Liberty University (3)
- Northwestern Pritzker School of Law (3)
- Universitas Indonesia (3)
- University of Central Florida (3)
- University of Cincinnati College of Law (3)
- University of Louisville (3)
- West Virginia University (3)
- Keyword
-
- Capital injection (19)
- United States (16)
- Global Financial Crisis (14)
- Human rights (14)
- Parameters (14)
-
- Ad hoc emergency liquidity (12)
- Policy (12)
- Global Financial Crisis (GFC) (11)
- Lehman Brothers (10)
- Emergency liquidity assistance (9)
- NATO (9)
- 2008 (8)
- Restructuring (8)
- US Army War College (8)
- Bail-in (7)
- Bank holiday (7)
- Financial Crisis (7)
- Law (7)
- Russia (7)
- Chapter 11 (6)
- Cold War (6)
- Congressional oversight (6)
- Democracy (6)
- Federal Reserve (6)
- Immigration (6)
- Research (6)
- Resolution (6)
- Ad hoc capital injection (5)
- Afghanistan (5)
- China (5)
- Publication Year
- Publication
-
- Journal of Financial Crises (96)
- The US Army War College Quarterly: Parameters (37)
- Challenging Federal Ownership and Management: Public Lands and Public Benefits (October 11-13) (13)
- Human Rights & Human Welfare (11)
- MPA/MPP/MPFM Capstone Projects (9)
-
- Journal of Food Law & Policy (8)
- Martin Luther King, Jr. Series (7)
- Articles by Maurer Faculty (6)
- CMC Senior Theses (6)
- Capstone Collection (6)
- Department of Justice Studies Faculty Scholarship and Creative Works (6)
- Psychology Faculty Scholarship (6)
- Independent Study Project (ISP) Collection (5)
- Indiana Journal of Constitutional Design (5)
- Libraries Faculty and Staff Presentations (5)
- Dissertations (4)
- Master's Projects (4)
- RISK: Health, Safety & Environment (1990-2002) (4)
- UNLV Theses, Dissertations, Professional Papers, and Capstones (4)
- Dignity: A Journal of Analysis of Exploitation and Violence (3)
- Graduate Theses, Dissertations, and Problem Reports (ETD) (3)
- Helm's School of Government Conference - 2021-2024 (3)
- Honors Theses (3)
- Immigration and Human Rights Law Review (3)
- Indiana Law Journal (3)
- Journal of Legal Education (3)
- Law Faculty Scholarship (3)
- Massachusetts Office of Public Collaboration Publications (3)
- Theses and Dissertations (3)
- Theses and Dissertations (Comprehensive) (3)
- Publication Type
- File Type
Articles 1 - 30 of 387
Full-Text Articles in Policy Design, Analysis, and Evaluation
Expanding The Cognitive Attentional Standards Platform Through Artificial Influence Assessment (Aia): Rationale, Development, And Measurement Design, Delante Clark
Graduate Scholarship and Creative Works
Artificial intelligence is increasingly shaping how individuals access information, make decisions, and interact with digital environments. The Cognitive Attentional Standards Platform (C.A.S.) was developed to assess attention related harms, cognitive safety, digital autonomy, and platform influence across digital systems (Clark, 2026). However, the growth of generative AI, conversational agents, and algorithmic decision support technologies has introduced new forms of influence that may not be fully captured by existing assessment domains. This paper proposes the Artificial Influence Assessment (AIA) as an expansion of the C.A.S. framework designed to measure AI mediated influence on cognition, behavior, autonomy, and information processing. Drawing on …
Governing Algorithmic Attention: Attention Safeguard Models And The Cognitive Attentional Standard As System Level Interventions In Human Computer Interaction, Behavioral Economics, And Artificial Intelligence, Delante Clark
Graduate Scholarship and Creative Works
Algorithmic recommendation systems and interface designs shape attention by combining visually salient cues with uncertain reward timing and low friction interaction. These conditions can sustain anticipatory checking, extend time on task, and reduce natural disengagement points through patterns such as infinite scrolling and autoplay. This paper synthesizes research across neuroscience, human computer interaction, behavioral economics, and artificial intelligence to argue that attention capture is a predictable outcome of incentive driven design rather than an individual failure of self regulation. It advances the Attention Safeguard Models and the Cognitive Attentional Standard as system level interventions that regulate exposure conditions, pacing, and …
Shaping Egypt’S Transition To Sustainable Electric Transport: Current Policies And Future Directions, Noha A. Ragab
Shaping Egypt’S Transition To Sustainable Electric Transport: Current Policies And Future Directions, Noha A. Ragab
Theses and Dissertations
Egypt has enacted policies to promote the adoption of electric vehicles (EVs) in order to reduce their overall carbon footprint. However, the pace of transition remains limited, so the research aims to answer the following question: “How do current policies shape Egypt’s transition towards sustainable electric transport, and what additional measures can support this transition?" The study employs a qualitative analysis methodology, based on diffusion of innovation theory and conceptual framework, to analyze current policies in Egypt and identify challenges and gaps in their implementation. It also analyzes responses from 23 interviews with experts in the field, manufacturers, dealers, EV …
Beyond The Ban: Chhaupadi Abolition And The Governance Of Menstrual Autonomy In Western Nepal, Nikita Paudel
Beyond The Ban: Chhaupadi Abolition And The Governance Of Menstrual Autonomy In Western Nepal, Nikita Paudel
Master in Public Policy Theses
This thesis examines how two decades of efforts to abolish chhaupadi have shaped the everyday conditions under which women and girls experience menstruation in western Nepal. Chhaupadi, commonly understood as menstrual seclusion, has been addressed through Supreme Court directives, national policy, criminal law, municipal implementation instruments, hut demolition campaigns, public health programming, and rights-based advocacy. Yet the practice has persisted, adapted, and in some cases moved into less visible spaces. Rather than treating this as a simple gap between law and practice, this thesis asks how abolition efforts themselves have become part of the regulatory regime through which menstruation is …
Welcome Tilly Norwood: Forecasting Hollywood’S Ai Policy Futures, Samuel P. Rooker
Welcome Tilly Norwood: Forecasting Hollywood’S Ai Policy Futures, Samuel P. Rooker
Senior Honors Projects, 2020-current
In late 2025, weekly trade publication Variety Magazine reported on the announcement of a new acting talent in Hollywood: Tilly Norwood. Norwood is an industry outsider and the pet project of Eline Van der Velden, who unveiled the actress’ existence to the world at the Zurich Film Festival. The announcement quickly gained media coverage while Van der Velden has since faced cyclical backlash from Hollywood trade unions, which does not seem entirely without reason. Tilly Norwood is a digital persona, a generative artificial intelligence (GenAI) program, designed by Van der Velden’s novel AI talent studio, Xicoia, to become the next …
Trawling For Clues: Examining Nefmc Herring Amendment 8, Christopher Santoro
Trawling For Clues: Examining Nefmc Herring Amendment 8, Christopher Santoro
Honors Scholar Theses
In 2007, almost twenty years ago, the Magnuson-Stevens Act changed the landscape of fisheries management in the US. Through the establishment of Fisheries Management Councils (FMCs), it paved the way for top-down management approaches that helped the government combat nationwide declines or collapses in fish stocks. Among the myriad responsibilities of the FMCs was the expectation that amendments to existing fisheries management plans would be a necessity to adapt to modern circumstances. This thesis focuses on New England Fisheries Management Council's (NEFMC's) Herring Amendment 8 (A8). This amendment, passed in 2021, attempts to lay the groundwork for sustainable management of …
12-Year Report Of The Massachusetts Community Mediation Center Grant Program (Fiscal Years 2013 – 2024), Madhawa Palihapitiya, Karina Zeferino
12-Year Report Of The Massachusetts Community Mediation Center Grant Program (Fiscal Years 2013 – 2024), Madhawa Palihapitiya, Karina Zeferino
Massachusetts Office of Public Collaboration Publications
This report examines the development, performance, and impact of the Massachusetts Community Mediation Center Grant Program during its first 12 years, covering fiscal years 2013 through 2024. Established under Massachusetts General Laws Chapter 75, Section 47, the Grant Program provides operational and programmatic funding to qualified community mediation centers offering free or low-cost dispute resolution services through trained community volunteers. The Massachusetts Office of Public Collaboration at the University of Massachusetts Boston administers and evaluates the program.
Over the period examined, the Commonwealth’s annual appropriation increased from $650,000 in FY2013 to approximately $3.2 million in FY2024. This investment stabilized community …
Quantitative Analysis And Mechanism Pathways Of China's Patent Commercialization Policies Based On A Three-Dimensional Framework, Zhulin Xin, Feng Wei, Hong Zhou, Amei Deng, Luyao Dou
Quantitative Analysis And Mechanism Pathways Of China's Patent Commercialization Policies Based On A Three-Dimensional Framework, Zhulin Xin, Feng Wei, Hong Zhou, Amei Deng, Luyao Dou
Journal of Scientific Information Research
[Purpose/significance] Improving the patent commercialization policy system is a necessary prerequisite for leveraging the institutional advantages of China's patent system. Analyzing the structure and content of patent commercialization policies and uncovering their core operational mechanisms is of great significance for enhancing the industrialization rate of patents. [Method/process] This study investigates patent commercialization policies issued by central, provincial, and municipal governments in China. It adopts a quantitative policy text analysis method and constructs a three-dimensional analytical framework consisting of policy tools-institutional systems-participating actors to examine the integrated operational characteristics of policy instruments, institutional structures, and actor roles within the current policy …
Gender-Based Violence And Botswana's Constitutional Failure To Protect Women's Rights, Cameron Mcdonald
Gender-Based Violence And Botswana's Constitutional Failure To Protect Women's Rights, Cameron Mcdonald
Immigration and Human Rights Law Review
Gender-based violence (“GBV”) remains a pervasive human rights issue throughout Botswana. When it comes to gender equality, Botswana’s dual constitutional and customary legal system is a paradox. Despite its commitment to equality and nondiscrimination, Botswana’s Constitution allows customary courts to discriminate freely to preserve traditional practices that disadvantage women. These traditional practices affect women’s right to property, inheritance, marriage, legal representation, and personal safety. Customary law continues to constrain women’s right to economic autonomy and access to justice, leaving many women dependent on the men who abuse them. As a result, many Batswana women experience structural discrimination in both their …
The Myth Of The Immigrant As A Criminal: Rhetoric, Otherness, And The Legal Construction Of Danger, Katerina Fernandez
The Myth Of The Immigrant As A Criminal: Rhetoric, Otherness, And The Legal Construction Of Danger, Katerina Fernandez
Immigration and Human Rights Law Review
The figure of the “criminal immigrant” occupies a central place in contemporary U.S. immigration discourse, shaping public perception, enforcement priorities, and legal doctrine. Yet a substantial body of empirical research consistently demonstrates that immigrants—both documented and undocumented—commit crimes at lower rates than native-born citizens. This Note examines why the narrative of immigrant criminality persists despite this evidence and how it influences the development and operation of immigration law. It argues that “immigrant” functions not only as a legal category but also as a socially constructed marker of Otherness, encompassing perceived differences in race, language, culture, and religion. Through this lens, …
The Expanding Digital Border: Ai, Surveillance, And The Fight For Justice, James Chesser
The Expanding Digital Border: Ai, Surveillance, And The Fight For Justice, James Chesser
Immigration and Human Rights Law Review
As artificial intelligence transforms the mechanisms of immigration control, the modern border has become a digital filter—one governed less by geography and more by code. This Article examines the legal, technical, and ethical implications of AI-driven systems now central to global border enforcement, including biometric surveillance, algorithmic risk scoring, and predictive profiling. It explores how states use these technologies not only to manage irregular migration, but to compete for global talent—constructing migration regimes that reward capital and compliance while eroding transparency, due process, and equality.
Through an international and comparative lens, the piece highlights the expansion of algorithmic decision-making across …
Incarcerated Youths In Canada And The United States: A Comparative Analysis, Grace A. Mastrangelo
Incarcerated Youths In Canada And The United States: A Comparative Analysis, Grace A. Mastrangelo
Binghamton University Undergraduate Journal
Are children, who commit adult crimes, deserving of adult punishments? According to the United Nations, not if it harms their well-being. Article 3 of the Convention on the Rights of the Child (CRC) adopted by the United Nations in November 1989, states that 1) the best interests of the child should be the primary consideration of all state actions involving children, 2) governments must allot children the protection and care necessary for their well-being, and 3) governmental institutions, services, and facilities that deal with children must uphold adequate standards for the safety, health, and supervision of children. The CRC is …
Enhancing Military Health System Organizational Efficiency And Quality Of Care Through A Social-Ecological Framework, Eric L. Peipelman
Enhancing Military Health System Organizational Efficiency And Quality Of Care Through A Social-Ecological Framework, Eric L. Peipelman
College of Graduate Studies: Theses & Dissertations
Timely and fair adjudication of incivility-related actions within the Department of Defense (DoD) and Military Health System (MHS) is increasingly crucial for maintaining accountability, mission readiness, and quality of care. Ongoing delays in resolving workplace complaints and inefficiencies in resource-heavy adjudications highlight the need to shift from reactive complaint handling toward proactive civility promotion and transparent decision-making. This Integrated Learning Experience (ILE) introduces the Peipelman Civility Discussion and Assessment Toolkit (PCDAT)—a comprehensive, evidence-based framework designed to improve civility, optimize resources, and enhance communication, even in the MHS. Based on the Social-Ecological Model (SEM) and adapted from the Workplace Power and …
Analysis Of Policies And Incentives For The Successful Implementation Of Hydrogen-Fueled Medium-Duty And Heavy-Duty Vehicles In Humboldt County, California, Alka Verma
Cal Poly Humboldt theses and projects
The 21st century has seen a significant rise in global greenhouse gas (GHG) emissions, with the transportation sector contributing 23% of these emissions. Medium-duty and heavy-duty vehicles (MD/HD) are particularly impactful, accounting for over a quarter of transport-related emissions. In Humboldt County, California, transportation represents 53% of total emissions, with MD/HD vehicles being a major contributor. As light-duty vehicles shift to zero-emission alternatives, the MD/HD sector faces unique challenges. Hydrogen fuel cell vehicles offer a promising solution, providing longer range, higher energy density, and quicker refueling compared to battery electric vehicles (BEVs). These features make hydrogen an attractive option for …
The Evolution Of California Wildfire Governance Through State Bills, Regulations, And Executive Actions, Cassandra Dawn Blevins
The Evolution Of California Wildfire Governance Through State Bills, Regulations, And Executive Actions, Cassandra Dawn Blevins
History and Political Science | Senior Theses
California faces an escalating wildfire crisis, driven by climate change, drought, and development in fire-prone areas. Despite decades of scientific research on wildfire behavior and risk reduction, catastrophic fires since 2017 raise a critical question: to what extent have California state laws and policies kept up with the intensifying wildfire crisis? Existing scholarship provides extensive insight into wildfire ecology, land-use planning, fuel management, and community resilience, yet it lacks a comprehensive evaluation of whether California’s legislative, regulatory, and executive actions have adapted in a coordinated and evidence-informed manner. In particular, the literature offers limited analysis of how state laws integrate …
The Equity Dead Zones: Legal Intersectionality Failure Points In Chapter 13 Bankruptcy, Tearria N. Simmons
The Equity Dead Zones: Legal Intersectionality Failure Points In Chapter 13 Bankruptcy, Tearria N. Simmons
The Guardianship Journal
Legal intersectionality failure points describe the systemic fractures that occur where overlapping legal, social, and economic inequalities converge, potentially producing compounded barriers to relief. Each failure point marks a site of marginalization. In what ways do individuals already recognized as vulnerable in Chapter 13 bankruptcy face a heightened risk when multiple forms of disadvantage intersect? When these intersections combine in mutually reinforcing ways—racial, economic, and relational disparities colliding with structural deficiencies in family, property, and bankruptcy law—does it result in pronounced negative outcomes, and, if so, what are those outcomes? Within this convergence, could there be a space where compounded …
The Road To Regulation: A Literature Review Of The Influences On The Updated Silica Standards, Skye M. Medcraft
The Road To Regulation: A Literature Review Of The Influences On The Updated Silica Standards, Skye M. Medcraft
Capstone Experience: Master of Public Health
Silica is a hazardous compound that poses a risk to human health resulting from dust creating activities across various industries. Several agencies, including OSHA (Occupational Health and Safety Administration) and MSHA (Mine Safety and Health Administration) have adopted regulatory oversight of silica exposure in the workplace. As more research has been conducted on silica exposure, the health effects are becoming better described, which has led to the creation and updating of exposure regulations to protect worker health. The objective of this literature study is to review the data presented to the Department of Labor and discuss how the factors that …
Between Sovereignty And Commons: Legal Frameworks For Digital Data Governance In India, Anushka Sachan
Between Sovereignty And Commons: Legal Frameworks For Digital Data Governance In India, Anushka Sachan
Journal of Law and Public Policy
This legislative note critically examines the Indian Digital Personal Data Protection (DPDP) Act, 2023, with a focus on its provisions that imply data sovereignty and their implications for the governance of digital commons. Drawing on the seminal works on data commons, the note explores the conceptual and practical tensions between centralised data sovereignty, participatory, and decentralised models of data stewardship. While data sovereignty is often justified on grounds of national security and control, it may inadvertently hinder the development of inclusive and accountable frameworks for managing data as a public good.
Investigating The Relationship Between Noun Classes And Plant Folk Taxonomy In Chasu Language Of Kilimanjaro Region In Tanzania, Peter Rabson Mziray
Investigating The Relationship Between Noun Classes And Plant Folk Taxonomy In Chasu Language Of Kilimanjaro Region In Tanzania, Peter Rabson Mziray
Journal of Humanities and Social Sciences
The current study investigates the relationship between noun classes and plant folk taxonomy in Chasu (G 22). The study focuses on two objectives: the first objective is to describe the plant folk taxonomy in Chasu and the second objective is to determine the relationship between noun classes and plant folk taxonomy in Chasu. Data were collected from rural villages in Same and Mwanga districts by using free listing, field interviews (jungle-walk-and-identify), and written texts containing Chasu plant names. The findings reveal that Chasu folk taxonomy reflects different ethnobotanical categories; including a unique beginner which is mmea/mimea ‘plant(s)’, and three life …
Oriented Data-Generating Processes: A Categorization Of Roc Curves, Claude Fluet, Murat C. Mungan
Oriented Data-Generating Processes: A Categorization Of Roc Curves, Claude Fluet, Murat C. Mungan
Faculty Scholarship
Decision makers attempting to classify a binary state of the world may commit two types of errors. Even when the two alternative states have equal prior probabilities and when the two types of errors are equally costly, a classification criterion may be chosen which leads to one type of error being committed more frequently than the other, because of asymmetries in the data that informs their decisions. We formalize this possibility through a categorization of data-generating processes (DGPs), which may be ‘oriented’ towards evidence favoring one of the two alternatives, or which may be ‘unoriented’. We identify the shape properties …
Study Of Public Space Development Based On Preservation Of Cultural Heritage Areas: Case Study Of Muara Jambi Area, Farhan Rachmanda Graha Cahyadi
Study Of Public Space Development Based On Preservation Of Cultural Heritage Areas: Case Study Of Muara Jambi Area, Farhan Rachmanda Graha Cahyadi
Cities and Urban Development Journal
Background: The development of public spaces in cultural heritage areas has an important role in supporting the preservation of historical and cultural values, while improving the quality of life of the community around the cultural heritage.
Aims: This study aims to examine the potential for developing public spaces that are in line with efforts to preserve the Muara Jambi Cultural Heritage area.
Methods: The method used is qualitative-descriptive with conceptual-contextual orientation. Data collection techniques are carried out through systematic literature studies, document analysis, and triangulation through stakeholder statements. Data are analyzed using thematic analysis to identify relevant key elements.
Results: …
Short-Run Fiscal Effects Of Expanding Michigan's Preschool Program To Be Universal, Timothy J. Bartik
Short-Run Fiscal Effects Of Expanding Michigan's Preschool Program To Be Universal, Timothy J. Bartik
Upjohn Institute Policy Papers
This policy paper provides some updated estimates of the short-run fiscal effects of expanding Michigan’s state-funded preschool program, the Great Start Readiness Program (GSRP), to encompass universal access for Michigan’s four-year-olds. This is an update to Policy Paper No. 2025-034, which analyzed the economic and fiscal effects of Michigan’s current GSRP program as compared to the state having no program. The update takes advantage of a high-quality recent study of the economic effects of universal preschool programs in nine states, authored by Jackson, Turner, and Bastian (2025). Using the estimated economic effects of universal preschool from this recent study, …
Lessons Learned: Vincenzo La Via, Mercedes Cardona
Lessons Learned: Vincenzo La Via, Mercedes Cardona
Journal of Financial Crises
Vincenzo La Via joined the World Bank Group in 2005 as chief financial officer, in charge of financial reporting, accounting, strategic planning and budgeting, credit risk, corporate finance, market risk, liquidity and asset management, and product development. During his tenure, La Via took part in the bank’s response to the Global Financial Crisis (GFC) and the subsequent European Sovereign Debt Crisis. He left the bank in 2012 to become director general of the Treasury in the Italian Ministry of Economy and Finance as the Italian government took on reform of the banking sector. He left the public sector in 2019 …
Lessons Learned: Luis Jácome, Mercedes Cardona
Lessons Learned: Luis Jácome, Mercedes Cardona
Journal of Financial Crises
Luis Jácome was appointed president of the board of Ecuador’s central bank in 1998 by newly elected President Jamil Mahuad. He and other members of the board resigned in 1999 in protest against a number of crisis-intervention measures they saw as threatening the bank’s independence to set monetary policy. Since the 1970s, Ecuador’s economy had experienced a period of growth fueled by oil exports, but by the mid-1990s the economy was reeling from a series of shocks, among them: a sharp drop in the price of oil, the effects of severe flooding on the country’s agricultural production, and the cost …
Lessons Learned: Benoît Cœuré, Mercedes Cardona
Lessons Learned: Benoît Cœuré, Mercedes Cardona
Journal of Financial Crises
Benoît Cœuré held several positions in the French Treasury in the years leading to the Global Financial Crisis (GFC). He was an economic adviser to the director general of the French Treasury from 1997–2002, deputy chief executive and chief executive of the French debt management office from 2002–2007, and assistant secretary for multilateral affairs, trade, and development from 2007–2009. He served as chief economist and deputy director general in 2009–2011. He joined the European Central Bank (ECB) during the European Sovereign debt Crisis and was responsible for market operations, market infrastructure supervision and European and international relations as a member …
Lessons Learned: Miguel Carcaño, Mercedes Cardona
Lessons Learned: Miguel Carcaño, Mercedes Cardona
Journal of Financial Crises
During the Global Financial Crisis (GFC), Miguel Carcaño served as head of the Spanish Treasury’s Fund for Orderly Bank Restructuring, the authority in charge of managing the restructuring process of the country’s credit institutions. The fund, known today as the Spanish Executive Resolution Authority, is integrated into the European network led by the Single Resolution Board (SRB) of the European Union’s banking union. Carcaño has held a number of posts within the SRB and in 2022 became head of the Single Resolution Fund, the SRB’s emergency fund, which serves as backstop for institutions across the banking union’s 21 countries.
Lessons Learned: Ignazio Angeloni, Mercedes Cardona
Lessons Learned: Ignazio Angeloni, Mercedes Cardona
Journal of Financial Crises
Ignazio Angeloni was an adviser on financial integration, financial stability, and monetary policy to the Executive Board of the European Central Bank during the European Sovereign Debt Crisis and later became director general of financial stability. He coordinated the preparations for establishing the Single Supervisory Mechanism (SSM), a component of the European banking union. The SSM was created to address macroprudential gaps identified during the Global Financial Crisis and the Sovereign Debt Crisis. Angeloni has advocated in his academic papers for completing the work of the SSM by establishing a regional deposit insurance scheme that would backstop the work of …
Lessons Learned: Mark Branson, Mercedes Cardona
Lessons Learned: Mark Branson, Mercedes Cardona
Journal of Financial Crises
Mark Branson joined the Swiss Financial Market Supervisory Authority (FINMA) as head of the banking division in 2010, during the European Sovereign Debt Crisis. He became deputy director of FINMA in 2013 and was named director a year later. Although Switzerland is not a member of the European Union (EU) or its banking union, the nation participates in bilateral agreements that govern trade with the EU, its largest trading partner. In the wake of the Global Financial Crisis (GFC), it enacted a number of regulations to improve oversight of the financial sector. Branson left FINMA in 2021 to become head …
How Us Bank Regulation Failed Svb And Its Supervisors, Greg Feldberg, Carey K. Mott, Jill Cetina
How Us Bank Regulation Failed Svb And Its Supervisors, Greg Feldberg, Carey K. Mott, Jill Cetina
Journal of Financial Crises
It is well known that Silicon Valley Bank (SVB) failed in March 2023 because of a toxic combination of uninsured deposits and underwater securities. This article argues that the bank’s failure could have been avoided if SVB had been subject to two global standards established by the Basel Committee on Banking Supervision. First, the interest-rate risk in the banking book (IRR-BB) standard, never fully implemented in the United States, would have identified the bank’s extremely risky asset-liability management strategy and required remedial action 10 quarters before it failed. Second, the liquidity coverage ratio (LCR), from which US regulators had exempted …
Emergency Liquidity Assistance And Monetary Financing In The European Union: A Case Study In Fiscal Cooperation?, Vincient Arnold
Emergency Liquidity Assistance And Monetary Financing In The European Union: A Case Study In Fiscal Cooperation?, Vincient Arnold
Journal of Financial Crises
In the European Union (EU), primary EU treaty law prohibits central banks from engaging in monetary financing, which includes lending to insolvent firms. This legal prohibition exists alongside, and in parallel to, various regulatory provisions of the Eurosystem. As a result, EU Member State central banks face unique legal limitations when acting in their roles as lenders of last resort, providing emergency liquidity assistance (ELA). In practice, European central banks—both members of the Eurosystem and not—lend to firms of questionable solvency with some frequency, often creatively employing fiscal guarantees to limit their balance sheet exposure and shift the lending risk …