Economic Policy Commons^™

The Prosperity Paradox, A Review, Ryan Stenquist

Marriott Student Review

No abstract provided.

Boomers And Fraudsters: A Closer Look At The Financial Elder Abuse Cycle In America, Ryan E. Brown

Marriott Student Review

In 2011, a landmark study was published by the Metlife Mature Market Institute claiming that nearly $3 billion disappears from the wallets and bank accounts of senior citizens annually. More surprising is that a similar study reported that figure could be as high as $36 billion. Because so many seniors let incidents of fraud or financial deceit go unreported, there is a huge discrepancy in annual reporting. This contributes to the overall lack of understanding we have of elder financial abuse, or why seniors continue to lose to fraudsters and scam artists. In a brief overview of financial elder abuse …

Policy Interventions For The Development Of The Blue Economy In Bangladesh, Pierre Failler, M Gulam Hussain, Khurshed Alam, Ahmad Al Karim

Journal of Ocean and Coastal Economics

Between 2012 and 2014, disputes over maritime boundary with Myanmar and India were favorably settled for Bangladesh, resulting in the expansion of its territorial waters of more than 30% and the country received entitlement to 118,813 km² in the Bay of Bengal. This achievement offers a wide range of new economic opportunities for jobs & growth around marine and coastal sectors such as marine fisheries, marine aquaculture, tourism, exploitation of natural resources, trade and energy. This created new opportunities to exploited the untapped potential of these waters. The challenge will be to develop smart and sustainable solutions to meet …

Blue Biotechnology, Renewable Energy, Unconventional Resources And Products As Emerging Frontiers At Sea, Sheikh Aftab Uddin, Mohammad Mahmudul Islam

Journal of Ocean and Coastal Economics

Blue biotechnology, renewable energy and unconventional marine living resources are considered as emerging frontiers for enhancing ocean-based blue economy in Bangladesh. Blue biotechnology can help both fisheries and aquaculture industry by producing fish varieties that can become quicker, more beneficial, and greater with tastier flesh, by developing gene transfer technology to be used to develop the growth of fish or by using of monoclonal antibodies and DNA probes to new diagnostic strategies for pathogens. Transformation of marine bioresources (main, co-product and by-products) into food, medicine, animal feed and related bio-based items i.e. cosmetics, nutritional supplements, enzymes, agrichemicals etc could help …

Future Importance Of Maritime Activities In Bangladesh, M Gulam Hussain, Pierre Failler, Subrata Sarker

Journal of Ocean and Coastal Economics

Blue Economy is a concept of economic growth through the sustainable utilization of ocean resources with technological inputs to improve livelihoods and meet the growing demands for jobs without hampering the health of the ocean ecosystem. This paper offers an overview of current maritime key activities, major trends and scenarios, future blue economy development activities with economic and social importance, ecological importance and blue economy policy framework. This paper also focuses on the major constraints and challenges. The current maritime key activities include extraction of living and non-living resources, land based activities, trades and transportation, shipbuilding and ship breaking, tourism …

Final Project Report, Carolyn Mcandrews

CTEDD Final Project Reports - Archive

No abstract provided.

Foreign Direct Investment In Kigali’S Special Economic Zone And Its Impact On Rwanda’S Economic Reconstruction, Sabrina Roberts

Independent Study Project (ISP) Collection

Vision 2020 is a development strategy implemented by the Rwandan government. It aims to make Rwanda a middle-income country with a per capita income of $1240 USD. One pillar of this strategy is increasing regional and international integration. The Kigali Special Economic Zone (KSEZ) was created in direct response to this pillar.

The paper begins with an introduction to Rwanda’s post-conflict economic situation and goes on to describe and explain the role that Foreign Direct Investment (FDI) in the KSEZ has played in reconstructing the Rwandan economy. The study focuses on the impacts of the KSEZ and the significance of …

El Socio No Tradicional: Un Análisis De Las Inversiones Chinas En La Argentina Y La Articulación Bilateral Argentino-China / The Nontraditional Partner: An Analysis Of Chinese Investment In Argentina And The Argentine-Chinese Bilateral Articulation, Lucy Hale

Independent Study Project (ISP) Collection

Esta investigación se enfoca en la relación comercial bilateral que tienen Argentina y China. Se analizan las inversiones extranjeras directas (IED) chinas en Argentina en el período 2003 hasta 2019 y trata de entender las dos siguientes preguntas: ¿Qué revelan las inversiones chinas en la Argentina sobre la relación de estos dos países en términos de oportunidades políticas y económicas para cada uno de ellos? Y ¿de qué tipo de articulación bilateral son indicativas estas inversiones? Esta investigación cuenta con una base de datos agregados de varias fuentes académicas, gubernamentales y periodísticas. Además, cuatro entrevistas fueron llevadas a cabo con …

El Último Acuerdo Con El Fmi Durante El Gobierno De Mauricio Macri: El Impacto De La Deuda Externa En La Soberanía Según Los Actores Políticos Y Sociales De La Argentina / The Latest Agreement With The Imf Under The Government Of Mauricio Macri: The Impact Of Foreign Debt On The Sovereignty Of Argentina According To Social And Political Actors, Sarah Schubert

Independent Study Project (ISP) Collection

Nobel laureate in economics, Simon Kuznets, allegedly commented “There are four kinds of countries in the world: developed countries, underdeveloped countries, Japan, and Argentina” (Reyes & Sawyer, 2019). Since the mid twentieth century, Argentina has stood out due to the complexity of its ever changing economic and political orientations. Initially recognized as a growing nation with a booming economy, Argentina soon fell victim to macroeconomic instability. Inflation, growing deficits and most notably the assumption of foreign debt have plagued the country’s economy. Known for their tumultuous relationship with the International Monetary Fund, Argentina came to declare the largest sovereign default …

Digitalization And The American Workforce, Mary Blankenship, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet examines the rate of digitalization within the Metropolitan Statistical Areas (MSAs) of the Mountain West division using the findings and data from Digitalization and the American Workforce, a report from the Brookings Institution.

Economic Growth In Mountain West Metropolitan Areas, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights trends in America’s economic progress, demonstrating how four metropolitan statistical areas (MSAs) in the Mountain West region (Salt Lake City, Phoenix-Mesa-Scottsdale, Las Vegas-Henderson-Paradise, and Denver-Aurora-Lakewood) fared from 2016 to 2017 and from 2007 to 2017 compared to the national economy and the 100 largest metropolitan economies.

Investing In The Neighborhood: Changing Mexico-U.S. Migration Patterns And Opportunities For Sustainable Cooperation, Andrew Selee, Ariel Ruiz Soto, Silvia Giorguli-Saucedo, Claudia Masferrer

Mission Foods Texas-Mexico Center Research

No abstract provided.

California Paid Family Leave And Parental Time Use, Samantha Trajkovski

Center for Policy Research

Paid family leave policies are intended to help working parents fulfill their work and child care responsibilities by providing them with paid time off from work after the birth of a child. While other research has shown that paid leave policies increase leave-taking among parents, little is known about how parents of infants spend their time while they are on leave and shortly after returning to work. Using the American Heritage Time Use Study and taking a difference-in-differences approach, this paper shows that the California Paid Family Leave policy led to an additional six hours per week mothers spend on …

Holding Hospitals Accountable? Evidence On The Effectiveness Of Minimum Charity Care Provision Laws, Michah W. Rothbart, Nara Yoon

Center for Policy Research

What can governments do to encourage nonprofit hospitals to provide greater benefits to their communities? Recent efforts by the federal and state governments seek to hold hospitals accountable for community health, in part by incentivizing charity care provision. Laws that set benchmarks for charity care spending are increasingly used, but their efficacy is uncertain. In this study, we examine the extent to which Illinois’ minimum charity care provision (MCCP) law increases nonprofit hospital charity care. Importantly, we differentiate between responses for hospitals required to provide minimal charitable spending (nonprofits) and those that are not (for-profit and public). We use detailed …

Jpmorgan Chase London Whale H: Cross-Border Regulation, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

As a global financial service provider, JPMorgan Chase (JPM) is supervised by banking regulatory agencies in different countries. Bruno Iksil, the derivatives trader primarily responsible for the $6 billion trading loss in 2012, was based in JPM’s London office. This office was regulated both by the Office of the Comptroller of the Currency (OCC) of the United States (US) and by the Financial Services Authority (FSA), which served as the sole regulator of all financial services in the United Kingdom (UK). Banking regulators in the US and the UK have entered into agreements with one another to define basic parameters …

Jpmorgan Chase London Whale G: Hedging Versus Proprietary Trading, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

In December 2013, the primary United States financial regulatory agencies jointly adopted final rules to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which is often referred to as the “Volcker Rule”. Section 619 prohibits banks from engaging in activities considered to be particularly risky, including proprietary trading and owning hedge funds or private equity funds. Banking regulators designed the final rule against proprietary trading in part to prevent losses like the $6 billion London Whale loss that took place in 2012 at JPMorgan Chase. Given the controversial nature of the Volcker Rule, it is …

Jpmorgan Chase London Whale E: Supervisory Oversight, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

As a diversified financial service provider and the largest United States bank holding company, JPMorgan Chase (JPM) is supervised by multiple regulatory agencies. JPM’s commercial bank subsidiaries hold a national charter and therefore are regulated by the Office of the Comptroller of the Currency (OCC). Since the bank’s Chief Investment Office (CIO) invested the surplus deposits of JPM’s commercial bank units, the OCC was also CIO’s primary regulator. During the critical period from late January through March 2012, when CIO traders undertook the failed derivatives strategy that ultimately cost the bank $6 billion, JPM did not provide the OCC with …

Jpmorgan Chase London Whale C: Risk Limits, Metrics, And Models, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

Value at Risk (VaR) is one of the most commonly used ways to measure and monitor market risk. At JPMorgan Chase (JPM), very large derivative positions established by Bruno Iksil in the Synthetic Credit Portfolio (SCP) caused the bank’s Chief Investment Office (CIO) to exceed its VaR limit for four days in a row in January 2012. In response, the CIO changed to a new VaR model on January 30, which appeared to immediately reduce VaR by half. However, JPM soon discovered that this new VaR model had not been properly implemented and the bank went back to using the …

The Temporary Liquidity Guarantee Program: A Systemwide Systemic Risk Exception, Lee Davison

Journal of Financial Crises

In the fall of 2008, short-term credit markets were all but frozen, creating liquidity issues for banks and bank holding companies that could not rollover their debt at reasonable rates. Fearing that the situation would worsen if something was not done, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board invoked, and the Secretary of the Treasury approved, the use of the “systemic risk exception” (SRE) under the Federal Deposit Insurance Corporation Improvement Act of 1991, to provide unprecedented broad-based relief to struggling banks. The SRE permitted the FDIC to depart from its “least-cost” requirement when addressing failing …

Appraisal Of China Hainan Free Trade Zone(Port)-Comparing With Other Ports In The Same Area, Baoxin Hu

World Maritime University Dissertations

No abstract provided.