Relocation Incentives In Alaska; Or, The Call Of The Wild And Transfer Payments,
2024
Purdue University
Relocation Incentives In Alaska; Or, The Call Of The Wild And Transfer Payments, Nathan Miller
The Journal of Purdue Undergraduate Research
No abstract provided.
Reform Impacts: The Long-Term Outcomes Of An Equal Opportunity Admissions Reform,
2024
Department of Economics, Colgate University, Hamilton, NY
Reform Impacts: The Long-Term Outcomes Of An Equal Opportunity Admissions Reform, Fatima Aqeel, Hadia Majid
CBER Conference
The effects of a Pakistani medical school reform that increased the share of female doctors are studied. Data is collected from a survey of over 600 Pakistani doctors to identify the reform’s effects. Female doctors in fields affected by the reform experienced lower pay and spent less time on each out-patient, which is consistent with their becoming more likely to work in public hospitals relative to the control. Male doctors experienced few changes, or changes in the opposite direction over the same time period. The results suggest that the medical labor market became segregated by gender for initial cohorts, with …
Steps In The Right Direction: The Pursuit Of Walkability Within The United States,
2024
Bowling Green State University
Steps In The Right Direction: The Pursuit Of Walkability Within The United States, Griffin Neuschaefer
Honors Projects
The benefits associated with walkability are well documented and observed across a number of disciplines. Benefits pertaining to the economy, physical and mental health, and safety are clearly associated with walkability and the implementation of walkable design within specific communities. Due to dominant practices pertaining to urban design within the United States and a history of increasingly single-use and low-density zoning, walkability and the use of walking as a form of transportation are rarely utilized to the same extent as similarly developed countries. This paper aims to evaluate the features of walkability related to the aforementioned benefits in order to …
How White Supremacy Travels Through Time: Anti-Literacy Laws, Dei Bans, And The Issue Of Black Self-Determination In Public Health.,
2024
University of Louisville
How White Supremacy Travels Through Time: Anti-Literacy Laws, Dei Bans, And The Issue Of Black Self-Determination In Public Health., Nicole V. Ford
Electronic Theses and Dissertations
This dissertation used a qualitative policy content analysis (PCA) of historical anti-literacy laws and modern DEI bans to answer two research questions: What is the connection between anti-literacy laws and DEI bans? How do anti-literacy laws and DEI bans create an environment that maintains white supremacy? A PCA exercise informed the analysis of historical anti-literacy laws in South Carolina (1834), Georgia (1829), North Carolina (1830), Louisiana (1830), Virginia (1831), and Alabama (1833) and modern DEI bans in Texas (2023), Alabama (2024), and Florida (2023) to find the connection between the laws. Findings from this dissertation illustrate how white supremacy operates …
Consistent Vmt Mapping And Modeling In California: How Can We Better Assess The Vmt Impacts Of State And Local Transportation Projects?,
2024
Mineta Transportation Institute
Consistent Vmt Mapping And Modeling In California: How Can We Better Assess The Vmt Impacts Of State And Local Transportation Projects?, Serena E. Alexander, Shams Tanvir, Syed Tanvir Ahmed, Annie Jones
Mineta Transportation Institute
Despite California’s ambitious target to achieve carbon neutrality by 2045, the state is not reducing greenhouse gas (GHG) emissions from personal vehicle travel, and per capita Vehicle Miles Traveled (VMT) and GHG emissions continue to increase. One central challenge of climate planning facing California is the lack of consistent methods to measure the VMT impacts of transportation projects. Using both qualitative and quantitative data, this research answers the question: “What are the advantages and limitations of existing VMT calculators to determine the climate impacts of transportation projects to help meet California’s climate goals?” Research methods included: (1) a quantitative analysis …
Downeast Community Opioid Response Program: Final Summary Report,
2024
University of Southern Maine, Catherine Cutler Institute
Downeast Community Opioid Response Program: Final Summary Report, Tyler Egeland Ba, Gordon Mcintire Ba, Evelyn Ali, Mary Lindsey Smith Phd, Katie Rosingana Ba
Substance Use Research & Evaluation
The Downeast Substance Treatment Network is a group of diverse organizations working to improve integration and access to treatments and services for people with substance use disorder. The consortium’s Rural Communities Opioid Response Program grant project aims to: (1) expand the reach of their treatment network, (2) increase awareness and practice of harm reduction, and (3) facilitate transitions of care to improve partner efficacy. This project included a mixed-methods evaluation led by Catherine E. Cutler Institute’s Substance Use Research and Evaluation Team (SURE). This year 3 final summary presentation includes feedback from program partners and key informants, in addition to …
Navigating The Landscape: Perceptions, Motivations, And The Journey Of Data Professionals In Implementing Data Processes And Procedures,
2024
University of Missouri-St. Louis
Navigating The Landscape: Perceptions, Motivations, And The Journey Of Data Professionals In Implementing Data Processes And Procedures, Willie Rivers
Dissertations
This explanatory study investigates the motivations behind data professionals' willingness or resistance to implementing data policies and procedures, utilizing the Theory of Planned Behavior and Psychological Ownership as frameworks. Through interviews with 21 data professionals, the research explains how factors such as perceived control, ownership, and attitudes towards data processes influence their motivation. The study tests key propositions, including the impact of perceived time burdens, bureaucratic procedures, and organizational expectations on data governance engagement. The findings underscore the critical role of control and access to information in motivating the adoption of data policies, providing insights for organizations aiming to enhance …
Lessons Learned: Martín Redrado,
2024
Yale School of Management
Lessons Learned: Martín Redrado, Vincient Arnold
Journal of Financial Crises
Martín Redrado was appointed president of the Central Bank of Argentina by President Néstor Kirchner in 2004 and oversaw measures to manage the external shocks of the Global Financial Crisis of 2007–09. He resigned in 2010 after President Cristina Fernández de Kirchner tried to remove him over a dispute regarding the use of the bank’s reserves to fund the government. After leaving the bank, Redrado authored the book No Reserve: The Limit of Absolute Power, which argues against the danger of mixing politics and economics. He is currently a director of the think tank Fundación Capital and most recently was …
Lessons Learned: Alfred Dellibovi,
2024
Yale School of Management
Lessons Learned: Alfred Dellibovi, Maryanne Chute Lynch, Rosalind Z. Wiggins
Journal of Financial Crises
The Yale Program on Financial Stability (YPFS) interviewed Alfred DelliBovi about his tenure as president and chief executive officer of the Federal Home Loan Bank of New York leading up to and during the Global Financial Crisis of 2007–09 (GFC). The Federal Home Loan Banks (FHLBs) played a critical and unexpected lending role for their member banks at the start of the crisis. DelliBovi remained in his position for 21 years, until 2014. Before moving to the FHLB, DelliBovi had served as deputy secretary at the United States Department of Housing and Urban Development (HUD) from 1989 to 1992, in …
Policy Note | Discount Window Stigma: What's Design Got To Do With It?,
2024
Yale School of Management
Policy Note | Discount Window Stigma: What's Design Got To Do With It?, Susan Mclaughlin
Journal of Financial Crises
This article utilizes discount window transaction data, which the Federal Reserve began disclosing in 2010, to assess how the Fed’s 2003 redesign of the discount window has affected banks’ use of the window. The data show that while the discount window remains stigmatized and relatively little used outside periods of funding market stress, secondary credit has at times played a role in supporting bank recovery and resolution, as envisioned by the 2003 redesign. This development raises a policy question: has the two-tiered design of the discount window implemented in 2003, in which a lending facility for sound banks operates alongside …
Policy Note | Weekly Fed Report Still Drives Discount Window Stigma,
2024
Yale School of Management
Policy Note | Weekly Fed Report Still Drives Discount Window Stigma, Steven Kelly
Journal of Financial Crises
As banking regulators work to destigmatize the Federal Reserve’s discount window—and fervently so since the 2023 banking crisis—they’ve pointed to several potentially fruitful policy routes. These have included supervisory improvements, regulatory changes, and operational enhancements by both the banks and the Fed. Left off the menu so far have been changes to the Fed’s weekly publications that reveal up-to-date discount window borrowing data by regional geography. Reforms following the Global Financial Crisis of 2007–2009 have made mandatory the disclosure of discount window borrowers on a two-year lag—higher transparency than previously when no disclosure was required. However, bigger banks, such as …
Russia: Otkritie Bank Restructuring, 2017,
2024
Yale School of Management
Russia: Otkritie Bank Restructuring, 2017, Benjamin Hoffner
Journal of Financial Crises
In July and August 2017, Otkritie Bank, Russia’s largest privately owned bank, experienced a deposit run related to concerns over Otkritie’s recent acquisitions. The run prompted Otkritie’s shareholders to approach the Central Bank of Russia (CBR) for assistance. On August 29, 2017, the CBR announced a rescue plan for Otkritie. In it, the CBR pledged to become Otkritie’s main investor using a newly created resolution mechanism wherein the CBR would take at least a 75% equity stake using funds from the Fund for Banking Sector Consolidation, a subdivision of the CBR. The CBR simultaneously appointed a provisional administration, composed of …
United States: Citigroup Capital Injection, 2008,
2024
Yale School of Management
United States: Citigroup Capital Injection, 2008, Benjamin Hoffner, Vincient Arnold
Journal of Financial Crises
During the first three weeks of November 2008, Citigroup’s stock price dropped almost 80%, and its credit default swap spreads spiked as the market lost confidence in the bank’s ability to honor its commitments. Counterparties pulled away, and regulators determined Citi’s failure would constitute a systemic risk. On November 23, 2008, the Treasury, Federal Reserve Board, and Federal Deposit Insurance Corporation announced a package of measures to rescue Citi, which included an Asset Guarantee Program (AGP) to cover $306 billion in Citi’s assets and an ad hoc capital injection—the Targeted Investment Program (TIP). Under the guarantee, Citi would absorb the …
United States: Bank Of America Capital Injection, 2009,
2024
Yale School of Management
United States: Bank Of America Capital Injection, 2009, Benjamin Hoffner, Vincient Arnold
Journal of Financial Crises
On September 15, 2008, Bank of America (BofA) announced a merger with the investment bank Merrill Lynch. In December, BofA learned that Merrill Lynch had experienced large, unexpected losses amounting to $15.5 billion during the fourth quarter of 2008. In light of these losses, BofA’s CEO informed the US Treasury secretary and Federal Reserve chairman that BofA intended to invoke the material adverse change clause of the merger agreement, allowing for a renegotiation of, or escape from, the merger. Officials at the Fed and Treasury warned BofA that a failure of the merger would have adverse consequences for BofA and …
Switzerland: Schweizerische Volksbank Capital Injection, 1933,
2024
Yale School of Management
Switzerland: Schweizerische Volksbank Capital Injection, 1933, Anmol Makhija
Journal of Financial Crises
Schweizerische Volksbank, or Swiss People’s Bank, grew to be the second-largest bank in Switzerland by 1930, when its balance sheet peaked at 1.7 billion Swiss francs (CHF). Beginning in 1929, nonperforming assets weighed on Volksbank’s profitability. By 1933, the bank faced losses on CHF 118.5 million in assets, representing approximately 10% of total assets. The government provided liquidity in the form of loans and deposits to Volksbank in 1931 and again in 1933 until it could finalize a capital injection. In 1933, the government determined that Volksbank was too important to the national economy to allow its failure. As owners …
Switzerland: Ubs Capital Injection, 2008,
2024
Yale School of Management
Switzerland: Ubs Capital Injection, 2008, Anmol Makhija
Journal of Financial Crises
UBS, the eighth-largest bank in the world and the largest bank in Switzerland in 2008, incurred write-downs totaling USD 50 billion during the Global Financial Crisis, mostly on exposures to securities linked to US subprime mortgages. On October 16, 2008, the Swiss Federal Council announced that the government would subscribe to CHF 6 billion (USD 5.3 billion) of mandatory convertible notes (MCNs) issued by UBS to restore confidence in the bank and the financial system. UBS agreed to use the government’s capital to fund the equity for a special purpose vehicle, StabFund, that the central bank created to take over …
Spain: Caja De Ahorros Castilla–La Mancha Capital Injection, 2009,
2024
Yale School of Management
Spain: Caja De Ahorros Castilla–La Mancha Capital Injection, 2009, Lakshimi Swaminathan, Vincient Arnold
Journal of Financial Crises
Caja de Ahorros Castilla–La Mancha (CCM) was a small Spanish savings bank with just 1% market share in deposits and loans. Following years of rapid credit expansion in the real estate sector and reliance on wholesale funding markets to carry out its operations between 2000 and 2008, CCM found itself on the brink of insolvency in early 2009, with a Tier 1 capital ratio of just 1.3%, compared with the 8% regulators required. The authorities placed the bank under administration in 2009. Consequently, the Spanish Savings Bank Deposit Guarantee Fund (Fondo de Garantía de Depósitos de Ahorros, or FGD) agreed …
Portugal: Banco Espírito Santo Capital Injection, 2014,
2024
Yale School of Management
Portugal: Banco Espírito Santo Capital Injection, 2014, Salil Gupta, Shavonda Brandon
Journal of Financial Crises
Banco Espírito Santo (BES) was the second-largest private bank in Portugal in 2014, with assets of EUR 80 billion (USD 81 billion). A capital increase of EUR 1.1 billion to the BES was concluded on market terms in June 2014. The Bank of Portugal (BOP) adopted a resolution measure for BES on August 3, 2014, to safeguard financial stability by protecting all depositors and ensuring continuation of operating activities of the bank. The Portuguese Resolution Fund provided equity capital of EUR 4.9 billion to a bridge bank, Novo Banco, with 100% public ownership and the expectation of sale to private …
Russia: Otkritie Bank Capital Injection, 2017,
2024
Yale School of Management
Russia: Otkritie Bank Capital Injection, 2017, Benjamin Hoffner
Journal of Financial Crises
In July and August 2017, Otkritie Bank, Russia’s largest privately owned bank, experienced a deposit run related to concerns over recent acquisitions, including a large, troubled bank and insurance company. The run prompted Otkritie’s shareholders to ask the Central Bank of Russia (CBR) for assistance, which the CBR announced on August 29, 2017. In the announcement and subsequent press interviews, the CBR pledged to become Otkritie’s main investor using a newly created resolution mechanism wherein the CBR would take at least a 75% equity stake using funds from the Fund for Banking Sector Consolidation (FBSC), a subsidiary of the CBR. …
Latvia: Parex Bank Capital Injection, 2008,
2024
Yale School of Management
Latvia: Parex Bank Capital Injection, 2008, Bailey Decker
Journal of Financial Crises
Heading into the Global Financial Crisis, JSC Parex banka was Latvia’s second-largest bank in terms of assets, comprising 13.8% of total assets in the Latvian banking sector. In autumn 2008, Parex faced a capital shortfall owing to massive credit and market losses in addition to increasing liquidity problems and deposit runs of 240 million Latvian lats (LVL; USD 428.6 million). Parex’s capital adequacy ratio fell below the regulatory minimum of 8% on October 28, 2008. Parex had two senior syndicated loans maturing in February and June 2009, totaling EUR 775 million (USD 992 million). Latvian authorities doubted that Parex would …
