Other Public Affairs, Public Policy and Public Administration Commons^™

The Rescue Of American International Group Module Z: Overview, Rosalind Z. Wiggins, Aidan Lawson, Steven Kelly, Lily S. Engbith, Andrew Metrick

Journal of Financial Crises

In September 2008, in the midst of the broader financial crisis, the Federal Reserve Board of Governors used its emergency authority under Section 13(3) of the Federal Reserve Act to authorize the largest loan in its history, a $85 billion collateralized credit line to American International Group (AIG), a $1 trillion insurance and financial company that was experiencing severe liquidity strains. In connection with the loan, the government received an equity interest representing 79.9% of the company’s ownership. AIG continued to experience a depressed stock price, asset devaluations, and the risk of ratings downgrades leading to questions about its solvency. …

The Rescue Of American International Group Module E: Maiden Lane Iii, Lily S. Engbith, Devyn Jeffereis

Journal of Financial Crises

Starting in mid-2007, American International Group (AIG) faced increasing collateral calls from counterparties looking to protect their positions in credit default swap (CDS) contracts that AIG had written on residential and commercial collateralized debt obligations (CDOs) (US COP 2010, 28-30). Per these agreements, the AIG parent company was responsible for insuring the value of the CDOs against the risk of a negative credit event, such as default (GAO 2011, 5; US COP 2010, 29-30). AIG’s immediate need for liquidity on September 16, largely driven by a securities lending program and those collateral calls, prompted the Federal Reserve to lend the …

The Rescue Of American International Group Module D: Maiden Lane Ii, Lily S. Engbith, Devyn Jeffereis

Journal of Financial Crises

In September 2008, American International Group (AIG) faced increasing difficulty in returning cash collateral to counterparties looking to terminate, rather than roll over, their securities lending agreements, in part because the company had invested the collateral in residential mortgage-backed securities (RMBS), which were becoming illiquid. The Federal Reserve Bank of New York (FRBNY) provided liquidity to the company, including through the Securities Borrowing Facility (SBF), which allowed for the repayment of cash collateral but did not address the falling values of the RMBS. In November 2008, the Federal Reserve Board authorized the creation of Maiden Lane II (ML II), a …

The Rescue Of American International Group Module C: Aig Investment Program, Alec Buchholtz, Aidan Lawson

Journal of Financial Crises

In September 2008, the Federal Reserve Bank of New York (FRBNY) extended an $85 billion credit line to AIG to address its liquidity stresses, but AIG’s balance sheet remained under pressure. The insurance giant was projected to report large third-quarter losses and was at risk of being downgraded by major credit rating agencies. For these reasons, in early November 2008, the US Treasury invested $40 billion of Troubled Assets Relief Program (TARP) funds into AIG in exchange for 4 million shares of AIG Series D preferred stock and a warrant to purchase AIG common stock. The investment helped repay a …

The Rescue Of American International Group Module B: The Securities Borrowing Facility, Lily S. Engbith, Alec Buchholtz, Devyn Jeffereis

Journal of Financial Crises

In 2008, American International Group (AIG) was among the largest insurance corporations in the world and maintained a profitable securities lending program. However, AIG invested much of the cash collateral received from counterparties in residential mortgage-backed securities, whose value began to collapse rapidly and unexpectedly, creating liquidity strain for AIG when borrowers returned their securities. Because of these strains, credit downgrades, and losses, in September, the company sought assistance from the Federal Reserve which, on October 6, 2008, approved the establishment of the Securities Borrowing Facility by the Federal Reserve Bank of New York (FRBNY). The FRBNY agreed to loan …

The Rescue Of American International Group Module A: The Revolving Credit Facility, Alec Buchholtz, Aidan Lawson

Journal of Financial Crises

On September 15, 2008, the big three rating agencies downgraded AIG’s credit ratings multiple levels, exacerbating liquidity strains that the company was experiencing due to increasing cash demands by securities borrowers and collateral calls by credit default swap (CDS) customers. To prevent AIG from filing for bankruptcy, the Federal Reserve (the Fed) announced on the following day that, pursuant to its emergency powers, it would provide the company with an $85 billion Revolving Credit Facility (RCF). The RCF was secured by AIG assets and interests in its subsidiaries and required AIG to grant the US Department of the Treasury a …

Bipolaridad De Las Políticas De Movilidad Del Valle De Aburrá: Análisis Desde Los Instrumentos De Gestión De La Demanda Implementados Entre 1999 Y 2019, Viviana Tobón Jaramillo

Gobernar: The Journal of Latin American Public Policy and Governance

Medellín and the Aburrá Valley are internationally recognized for their capacity to design bold projects regarding transportation and sustainability. However, the city's mobility dynamics show a different reality: the number of vehicles has grown steadily over the last 20 years. The metropolitan inhabitants spend 44% more time mobilizing in the city than 12 years ago and air quality has become the main challenge on the city's environmental agenda. The purpose of this article is to understand, from the analysis of public policies, the reasons why no progress has been made in the implementation of policies that effectively discourage the use …

Las Fundaciones Empresariales Y La Agendación De Políticas Públicas Mediante La Gestión De Redes De Actores: El Caso De Niñezya En Colombia, Natalia Garay, Santiago Leyva, Carolina Turriago

Gobernar: The Journal of Latin American Public Policy and Governance

This article explores the possibilities of network management to increase the capacity of business foundations to exert influence on the process of agenda-setting in public policies. This case illustrates how three foundations (Éxito Foundation, Alpina Foundation and ALAS Foundation) helped to coordinate one hundred civil society organizations to influence the Colombian National Development Plan (2018-2022). The case shows that business foundations can play an important role in setting the policy agenda by working as articulators of multiple fragmented actors of civil society. The article details the specific mechanisms used to pursue this articulation through the creation of a policy network …

La Lucha Por El Liderazgo Adecuado En Las Organizaciones De Los Movimientos Sociales: Reflexión Colectiva Y Reglas Como Base Para La Autonomía, Ruth Simsa, Marion Totter

Gobernar: The Journal of Latin American Public Policy and Governance

This article analyzes how leadership is practiced in social movement organizations (OMS). Drawing on Critical Leadership Studies, and based on qualitative empirical research conducted in the organizations of the Spanish 15M protest movement, we analyze leadership perceptions, tensions and practices in dealing with these challenges. Our findings indicate that leadership practices in the investigated OMSs are autonomous, reflective and rule-based. Emphasizing collective reflection and rules highlights two aspects of leadership in OMSs that have been largely ignored in the discourses. Nevertheless, they turn out to be important means to address the challenges of autonomous leadership.

Editorial, Maria Fernanda Ramirez Brouchoud

Gobernar: The Journal of Latin American Public Policy and Governance

No abstract provided.

Content

Gobernar: The Journal of Latin American Public Policy and Governance

No abstract provided.

Should The State Of Israel Pursue Krav Maga As An Intangible Cultural Heritage Of The Jewish People? History And Politics Say Yes., Guy Mor, Andrea Molle

Political Science Faculty Articles and Research

Krav Maga (‘contact combat’) is an Israeli combat discipline arguably one of the many intangible cultural heritages of Israel and the Jewish people. It has played a unique role in the (re)creation and preservation of the Jewish identity and the formation of the state of Israel.

Recently we observe a growing academic literature debating the role of martial arts in international affairs and domestic political processes. It is the scope of this paper to contribute to this proposing a framework for understanding Krav-Maga as a means of cultural diplomacy as seen in other nations.

Assessing Treatment Integrity Of Parent‑To‑Parent Phone Support For Families Of Students With Emotional And Behavioral Disturbance, Kristin Duppong Hurley, Jennifer Farley, Jacqueline Huscroft D’Angelo

University of Nebraska Public Policy Center: Publications

Assessing treatment integrity is essential to understanding how well school-based interventions are delivered. The assessment of treatment integrity is especially challenging for interventions that provide one-on-one peer support over the phone. To address this gap, we explored treatment integrity approaches used for the Parent Connectors program, which provides parent-to-parent support via weekly phone calls to families of students receiving special education services for emotional and behavioral disturbance. Our multi-dimensional approach to assessing treatment integrity includes the consideration of dose, adherence, quality of service delivery, participant responsiveness to the intervention and program differentiation. We share and discuss data from a variety …

Mind The Gap Between Research Findings And Policy Change, Caroline Mcgowan, Anne Murphy

Level 3

This discursive article is intended as an advisory to novice scholar-researchers working in the field of policy change. It defines key policy change terms, presents a matrix of fifteen key theories of policy change, and explains the roles of policy advocate/entrepreneur and political entrepreneur in the process.

Social Representations Of Bogota - Colombia Inhabitants Regarding A Conditional Cash Transfer Policy, Juan S. Hernández, Wilson G. Jiménez-Barbosa, Johanna S. Acuña

The Qualitative Report

The current article shows the development of a research process whose main objective was to explain the influence of the social representations of the inhabitants of Bogotá, Colombia in the implementation of the public policy of conditional cash transfers “Más Familias en Acción.” For this aim, a qualitative study of hermeneutic design was conducted with beneficiaries of the program and non-beneficiaries, in which, through the application of semi-structured interviews, the most frequent social representations about subsidies, policies, work, education, health, among other relevant issues related to this public policy were identified and once the information was coded by using the …

¿Responsabilidad Social Universitaria O Extensión Social? Elementos Para Un Análisis Del Compromiso Social De Las Universidades. Estudio De Un Programa Para El Desarrollo Regional En Tolima, Colombia, Olga Navarro-Flores, Paula Lorena Rodríguez, Luis Hernando Sánchez

Gobernar: The Journal of Latin American Public Policy and Governance

In the year 2008, the University of Ibagué launched several initiatives to articulate higher education with local development. The Programa Paz y Región (Peace and Region Program) is one of those initiatives and it is the focus of this article, whose purpose is to analyse this program in the light of two related concepts: university extension programmes and social responsibility (SR). Our analysis is based on a managerial perspective and our hypothesis is that “Paz y Región” responds to regional development in Tolima, Colombia, from a co-constructed perspective of extension programmes.

Conversar Es Mejor: Experimentos Deliberativos Para La Resolución De Conflictos Microterritoriales, Adolfo Eslava, Juan David Montoya, David Murcia, Sergio Andres Valencia

Gobernar: The Journal of Latin American Public Policy and Governance

Abstract. The following analysis develops a wider research program that focuses on making a contribution to solve social conflicts through argumentation. Therefore, it presents a political sciences theory background that emphasises on applied rhetoric and deliberation in scenarios characterized by both high levels adversity and social capital. Based on this perspective of policy analysis and theory, it is possible to have a better glimpse at the complex network of social interactions laying under the process of constructions of the public sphere. Hence, this paper studies the possibilities of implementing micro-territorial deliberation instruments as conflict resolution tools for the city of …

Competencia Espacial Y Calidad Personal De Los Candidatos. Elecciones Presidenciales Entre 2006 Y 2018 En México, Luis Eduardo León, Julen Berasaluce

Gobernar: The Journal of Latin American Public Policy and Governance

This research project presents a spatial competition model for Mexican presidential elections based on the effective number of parties and weighted and scalar polarization indices. The model makes it possible to construct a classification of candidates influences based on personality as an remainder unexplained by spatial ideological competition. In addition to classifying the candidates in the last three presidential elections by their personal influence, the authors offer predictions for future balloting based on change in ideological distribution. Suppositions of symmetrical ideological votes and a single dimension were used to build the model.

Los Horrores Del Siglo Xx Y Un Mensaje Optimista Al Siglo Xxi*, Isaiah Berlin

Gobernar: The Journal of Latin American Public Policy and Governance

No abstract provided.

Editorial, . .

Gobernar: The Journal of Latin American Public Policy and Governance

No abstract provided.