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2021

Policy Design, Analysis, and Evaluation

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Full-Text Articles in Public Policy

Debating Disability Disclosure In Legal Education, Jasmine E. Harris Dec 2021

Debating Disability Disclosure In Legal Education, Jasmine E. Harris

All Faculty Scholarship

No abstract provided.


“You Can’T Hide Behind Being A House”: Examining The Policy Process, Design, And Implementation Of Short-Term Rental Regulations, A Case Study Of Nashville, Tn, Jamie L. Cathey Dec 2021

“You Can’T Hide Behind Being A House”: Examining The Policy Process, Design, And Implementation Of Short-Term Rental Regulations, A Case Study Of Nashville, Tn, Jamie L. Cathey

All Dissertations

Following the economic crash of 2008, the rapid expansion of platform capitalism and the recruitment of others to work for themselves using a company’s platform, has led to a ‘paradigm shift’ in which a sharing economy business model has enabled small entrepreneurial endeavors to become industry giants (Srnricek, 2017). One such platform, Airbnb, has created a new, informal tourism accommodation sector that is bringing with it questions of regulation and community impact. Airbnb regulation thus is a growing national and international trend affecting cities of all sizes and forcing policy response and change at the local government level. Current trends …


Family Friendly Work Policies And Their Application As Public Policies In The Egyptian Formal Labor Market, Yasmine A. Sourour Nov 2021

Family Friendly Work Policies And Their Application As Public Policies In The Egyptian Formal Labor Market, Yasmine A. Sourour

Archived Theses and Dissertations

No abstract provided.


Contributor's Guidelines And Article Index, Usawc Press Nov 2021

Contributor's Guidelines And Article Index, Usawc Press

The US Army War College Quarterly: Parameters

No abstract provided.


Sino-Indian Border Disputes In An Era Of Strategic Expansions, Roman Muzalevsky Nov 2021

Sino-Indian Border Disputes In An Era Of Strategic Expansions, Roman Muzalevsky

The US Army War College Quarterly: Parameters

The June 2020 clash between the People’s Republic of China and India in the disputed Ladakh border area resulted from the strategic expansions of both powers. Like two bubbles expanding in a contained space, these expansions were bound to collide and cause friction. This article explains how the expansions precipitated the incident and might exacerbate border disputes in the future. In pondering implications, it recommends Washington pursue a Eurasia-focused policy embracing the disputed region.


Sherman And His Historians: An End To The Outsized Destroyer Myth?, Mitchell G. Klingenberg Nov 2021

Sherman And His Historians: An End To The Outsized Destroyer Myth?, Mitchell G. Klingenberg

The US Army War College Quarterly: Parameters

For years, scholars have viewed the career of William Tecumseh Sherman in light of an antiquated destroyer myth and neglected his memoirs, which were written as a military textbook. This essay reviews Sherman’s legacy and literature, both of which contributed to the advancement of modern military thought. His experiences may serve as a prescriptive text to servicemembers, providing critical lessons on military warfare and philosophy still relevant today.


Article Index, Usawc Press Nov 2021

Article Index, Usawc Press

The US Army War College Quarterly: Parameters

No abstract provided.


Commentary And Reply, Claude A. Lambert Nov 2021

Commentary And Reply, Claude A. Lambert

The US Army War College Quarterly: Parameters

No abstract provided.


Review Essay, Robert L. Bateman Nov 2021

Review Essay, Robert L. Bateman

The US Army War College Quarterly: Parameters

No abstract provided.


Defeat Mechanisms In Modern Warfare, Frank Hoffman Nov 2021

Defeat Mechanisms In Modern Warfare, Frank Hoffman

The US Army War College Quarterly: Parameters

This article explores the current debate about service and Joint operating concepts, starting with the Army’s multi-domain operations concept. It argues for adaptations to an old operational design technique—defeat mechanisms; updates to Joint and service planning doctrine; and discipline regarding emerging concepts. Rather than debate over attrition versus maneuver, combinations of a suite of defeat mechanisms should be applied to gain victory in the future.


On “The Us Army And The Pacific: Challenges And Legacies”, Brian Mcallister Linn Nov 2021

On “The Us Army And The Pacific: Challenges And Legacies”, Brian Mcallister Linn

The US Army War College Quarterly: Parameters

This commentary responds to David M. Finkelstein’s article, “The US Army and the Pacific: Challenges and Legacies,” published in the Autumn 2020 issue of Parameters (vol. 50, no. 3).


The Air Littoral: Another Look, Maximilian K. Bremer, Kelly A. Grieco Nov 2021

The Air Littoral: Another Look, Maximilian K. Bremer, Kelly A. Grieco

The US Army War College Quarterly: Parameters

Assessing threats to the air littoral, the airspace between ground forces and high-end fighters and bombers, requires a paradigm change in American military thinking about verticality. This article explores the consequences of domain convergence, specifically for the Army and Air Force’s different concepts of control. It will assist US military and policy practitioners in conceptualizing the air littoral and in thinking more vertically about the air and land domains and the challenges of domain convergence.


Broken Nest: Deterring China From Invading Taiwan, Jared M. Mckinney, Peter Harris Nov 2021

Broken Nest: Deterring China From Invading Taiwan, Jared M. Mckinney, Peter Harris

The US Army War College Quarterly: Parameters

Deterring a Chinese invasion of Taiwan without recklessly threatening a great-power war is both possible and necessary through a tailored deterrence package that goes beyond either fighting over Taiwan or abandoning it. This article joins cutting-edge understandings of deterrence with empirical evidence of Chinese strategic thinking and culture to build such a strategy.


Book Reviews, Usawc Press Nov 2021

Book Reviews, Usawc Press

The US Army War College Quarterly: Parameters

No abstract provided.


The Grand Strategic Thought Of Colin S. Gray, Lukas Milevski Nov 2021

The Grand Strategic Thought Of Colin S. Gray, Lukas Milevski

The US Army War College Quarterly: Parameters

Colin S. Gray distinguished himself from other scholars in the field of strategic studies with his belief that grand strategy is indispensable, complex, and inherently agential. This article identifies key themes, continuities, conceptual relationships, and potential discontinuities from his decades of grand strategic thought. Gray’s statement that “all strategy is grand strategy” remains highly relevant today, emphasizing the importance of agential context in military environments—a point often neglected in strategic practice.


Book Reviews, Usawc Press Nov 2021

Book Reviews, Usawc Press

The US Army War College Quarterly: Parameters

No abstract provided.


Lessons Learned: William “Bill” Dudley, Sandra Ward Nov 2021

Lessons Learned: William “Bill” Dudley, Sandra Ward

Journal of Financial Crises

William “Bill” Dudley was the executive vice president of the Federal Reserve Bank of New York’s Markets Group from 2007–09 and vice chairman of the Federal Open Market Committee from 2009 to 2018. In January 2010, Dudley was named the 10th president of the New York Fed, succeeding Timothy Geithner. This Lessons Learned summary is based on an interview with Mr. Dudley.


The Us Supervisory Capital Assessment Program (Scap) And Capital Assistance Program (Cap), Aidan Lawson Nov 2021

The Us Supervisory Capital Assessment Program (Scap) And Capital Assistance Program (Cap), Aidan Lawson

Journal of Financial Crises

Due to continued stress during the Global Financial Crisis, the US Treasury released a series of additional measures in February 2009 that included a mandatory stress test for major U.S. bank holding companies (BHCs), backed by government capital. The stress test, known as the Supervisory Capital Assessment Program (SCAP), tested the capital adequacy of the 19 U.S. BHCs that had more than $100 billion in assets. A large interagency team of regulators and other experts estimated losses and income under two hypothetical scenarios for the group of BHCs: a baseline that reflected the consensus belief about the course of the …


Us Capital Purchase Program, Aidan Lawson, Adam Kulam Nov 2021

Us Capital Purchase Program, Aidan Lawson, Adam Kulam

Journal of Financial Crises

During the fall of 2008, the US government was faced with a financial crisis of unprecedented scope. Having already exercised the authority to put Fannie Mae and Freddie Mac into conservatorship in September, the stage was set for the US government to intervene more broadly in strained financial markets. This intervention would ultimately come in the form of the Emergency Economic Stabilization Act of 2008 (EESA), which was passed on October 3, 2008. The main provision of EESA was the Troubled Asset Relief Program, or TARP, a $700 billion program initially designed to purchase troubled assets off the balance sheets …


Us Community Development Capital Initiative (Cdci), Adam Kulam Nov 2021

Us Community Development Capital Initiative (Cdci), Adam Kulam

Journal of Financial Crises

The United States Department of the Treasury responded to the Global Financial Crisis with an economy-wide stimulus package called the Troubled Assets Relief Program (TARP). Within the portion of TARP’s budget dedicated to bank investments, about $570.1 million was disbursed to community development financial institutions (CDFIs)—specifically, banks and credit unions (depositories)—in a program called the Community Development Capital Initiative (CDCI). Through the CDCI, Treasury provided capital to CDFI depositories, encouraged them to lend to small businesses, and promoted other community-oriented goals. The CDFI depositories issued either preferred shares or unsecured subordinated debentures to Treasury at low (2%) interest rates for …


Us Reconstruction Finance Corporation: Preferred Stock Purchase Program, Aidan Lawson Nov 2021

Us Reconstruction Finance Corporation: Preferred Stock Purchase Program, Aidan Lawson

Journal of Financial Crises

By March 1933, the early collateralized lending programs of the Reconstruction Finance Corporation (RFC) had failed to prevent the recurrence of bank runs and panic in US financial markets. These conditions forced newly elected President Franklin Delano Roosevelt to call for a nationwide bank holiday from March 6 to March 9. On the final day of the holiday, a special session of Congress passed the Emergency Banking Act (EBA), which gave the RFC the power to make investments via preferred equity of distressed institutions. Under the EBA, the RFC could subscribe to and make loans on cumulative non-assessable preferred stock …


Uk Bank Recapitalisation Scheme, Alec Buchholtz Nov 2021

Uk Bank Recapitalisation Scheme, Alec Buchholtz

Journal of Financial Crises

Following the collapse of Lehman Brothers and the ensuing global credit crunch in late 2008, Her Majesty’s Treasury (HMT) announced a large economic package to provide support to the UK banking sector. As part of the package, the eight largest banks committed themselves to raising their total Tier 1 capital by £25 billion through either private fundraising or government assistance. Thus, the economic package featured a new Bank Recapitalisation Scheme to invest up to £50 billion in capital into UK banking and credit institutions that could not raise their assets in the private sector. Government capital was invested into either …


Turkey Saving Deposit Insurance Fund Bank Recapitalization (2000–2001), Natalie Leonard Nov 2021

Turkey Saving Deposit Insurance Fund Bank Recapitalization (2000–2001), Natalie Leonard

Journal of Financial Crises

Throughout the 1990s, Turkey’s macroeconomy featured high and fluctuating inflation and oscillating GDP growth rates. After Turkey’s April 1999 elections, Turkey adopted a new economic program in coordination with the International Monetary Fund (IMF) with three goals: fiscal adjustment, structural reform, and an exchange rate commitment. By the end of the third quarter of 2000, concerns over the pace of structural reform mounted and short-term interest rates remained high. The new Banking Regulation and Supervision Agency (BRSA) revealed significant corruption within several small banks taken over by the Saving Deposit Insurance Fund (SDIF). In November 2000, Demirbank, a private bank …


Thailand Capital Support Facilities 1998, Adam Kulam Nov 2021

Thailand Capital Support Facilities 1998, Adam Kulam

Journal of Financial Crises

After the floatation of the baht on July 2, 1997, the Thai economy endured a financial crisis from massive currency devaluation, exchange rate losses, and non-performing loans (NPLs). In response, the Thai government employed two types of restructuring programs: (1) the alleviation of NPLs and distressed assets, (2) the correction of financial institution insolvency and capital inadequacy. To help recapitalize private institutions with public funds, the government introduced tier-1 and tier-2 capital support facilities. The tier-1 facility aimed to attract private capital, and the tier-2 facility aimed to stimulate lending and corporate debt restructuring. Capital injections took the form of …


Sweden 1991 Bank Support Authority (Bankstödsnämnden), Natalie Leonard Nov 2021

Sweden 1991 Bank Support Authority (Bankstödsnämnden), Natalie Leonard

Journal of Financial Crises

Sweden’s economic downturn and growing unemployment in the early 1990s led to increased uncertainty about banks’ risks. Turbulence in foreign exchange markets and speculation against the Swedish krona caused significant problems in the housing paper market. The ensuing banking crisis affected six of the seven largest Swedish banks. Loan losses peaked in 1992 at nearly SEK 80 billion while the banking sector recorded an operating loss of almost SEK 50 billion. In the fall of 1992, the government guaranteed all banks’ liabilities, took over two of the largest banks, and announced it would create the Bank Support Authority to manage …


Spain – Fondo De Reestructuración Ordenada Bancaria (Frob) Capital Injections, Priya Sankar Nov 2021

Spain – Fondo De Reestructuración Ordenada Bancaria (Frob) Capital Injections, Priya Sankar

Journal of Financial Crises

The Spanish government created the Fondo de Reestructuración Ordenada Bancaria (FROB), known in English as the Fund for Orderly Bank Restructuring (FROB) in 2009 to perform temporary capital injections that facilitated the restructuring and mergers and acquisitions of struggling institutions. The FROB used preferred shares, ordinary shares, and contingent convertible bonds to recapitalize struggling Spanish credit institutions. The FROB injected a total of €54.4 billion of capital in three rounds. FROB I in 2010 injected capital to support the mergers of 25 insolvent regional savings banks, or cajas, into seven larger, more solvent banks through the subscription of convertible preferred …


Russian Bank Capital Support Program, Sean Fulmer Nov 2021

Russian Bank Capital Support Program, Sean Fulmer

Journal of Financial Crises

At the start of 2014, the Russian Federation had experienced several years of decelerating growth rates as a result of weak investment, poor governance, and failed structural reforms. During 2014, the dual shocks of rapidly declining oil prices and increasingly stringent international sanctions led to significant financial instability, as Russian firms lost access to international markets and net capital outflows accelerated. As part of the response to this crisis, the Russian government unveiled a RUB 1 trillion (US $17.2 billion) bank capital support program, which it later revised down to RUB 838 billion. The program, operated by the Deposit Insurance …


Polish Fundusz Pomocy Instytucjom Kredytowym, Junko Oguri Nov 2021

Polish Fundusz Pomocy Instytucjom Kredytowym, Junko Oguri

Journal of Financial Crises

Between September and December 1925, the Second Polish Republic faced a so-called twin-crisis: the złoty, the Polish currency, collapsed, and the financial system faced bank runs and flights of deposits. On November 28, 1925, the Polish Government established Polish Fundusz Pomocy Instytucjom Kredytowym (FPIK), injecting over PLN 60 million capital through Bank Gospodarstwa Krajowego (BGK), a national development bank. The government-led capital injection scheme kept supporting the unstable Polish financial system during the inter-war period. Furthermore, in the 1930s, the FPIK served not only the large banks but also smaller financial institutions, and sometimes, non-financial companies. While the FPIK successfully …


Norwegian State Finance Fund (Gfc), Natalie Leonard Nov 2021

Norwegian State Finance Fund (Gfc), Natalie Leonard

Journal of Financial Crises

Following the Lehman Brothers bankruptcy in September 2008, Norway’s banking system experienced a significant liquidity squeeze. Norwegian banks had relied extensively on short-term funding from foreign funding markets and as the financial crisis evolved, foreign funding dried up. To alleviate pressure, Norwegian authorities responded with a number of emergency programs. In early 2009, the government created the State Finance Fund (SFF) to recapitalize banks. The SFF was capitalized with a NOK 50 billion ($7.07 billion) equity investment from the Finance Ministry. In total, 34 banks applied for capital injections totaling NOK 6.7 billion. By the end of 2009, six banks …


Norway – Gbif/Sbif (Nordic Crisis 1991), Priya Sankar Nov 2021

Norway – Gbif/Sbif (Nordic Crisis 1991), Priya Sankar

Journal of Financial Crises

Privately owned banks had funded the Savings Bank Guarantee Fund (SBGF) and Commercial Bank Guarantee Fund (CBGF) between 1921-1938 to provide guarantees and capital injections to struggling banks. Bank legislation in 1961 made participation in such guarantee funds compulsory for all Norwegian banks, and they were reorganized according to that law. However, after banks began to struggle in the late 1980s, the two funds quickly ran out of resources. The Norwegian Parliament (Storting) created the Government Bank Insurance Fund (GBIF) in March 1991 to loan money to the two funds. They both quickly incurred unsustainable amounts of debt to the …