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Lessons Learned: James (Jim) Millstein, Alec Buchholtz, Rosalind Z. Wiggins

Journal of Financial Crises

Millstein, who was the Chief Restructuring Officer, U.S. Department of the Treasury, during the Global Financial Crisis and instrumental in the rescue of American International Group, gives us his take on how best to prepare for future crises

Restructuring And Forgiveness In Financial Crises A: The Mexican Peso Crisis Of 1994-95, Christian M. Mcnamara, June Rhee, Andrew Metrick

Journal of Financial Crises

Following a year in which repeated political turmoil sapped investor confidence in Mexico, putting pressure on the peso and draining the country’s foreign exchange reserves, on December 22, 1994, the Mexican government sparked a financial crisis by unexpectedly abandoning its policy of anchoring the peso to the US dollar and instead allowing it to float freely. The resulting collapse of the peso left Mexico with $40 billion to $50 billion in external debt (much of it dollar-indexed) coming due in the near term and almost no foreign exchange reserves. Faced with the prospect that Mexico would either default on its …

Guarantees And Capital Infusions In Response To Financial Crises C: U.S. 2009 Stress Test, Chase P. Ross, June Rhee, Andrew Metrick

Journal of Financial Crises

When President Obama took office in 2009, the Treasury focused on restarting bank lending and repairing the ability of the banking system as a whole to perform the role of credit intermediation. In order to do so, the Treasury needed to raise public confidence that banks had sufficient buffers to withstand even a very adverse economic scenario, especially given heightened uncertainty surrounding the outlook of the U.S. economy and potential losses in the banking system. The Supervisory Capital Assessment Program (SCAP)—the so-called “stress tests”—sought to rigorously measure the resilience of the largest bank holding companies. Those found to have insufficient …

Guarantees And Capital Infusions In Response To Financial Crises B: U.S. Guarantees During The Global Financial Crisis, June Rhee, Andrew Metrick

Journal of Financial Crises

During 2008-09, the federal government extended multiple guarantee programs in an effort to restore the financial market and contain the panic and crisis in the market. For example, the Treasury provided a temporary guarantee program for the money market funds, the FDIC decided to stand behind certain debts and non-interest-bearing transaction accounts, and the Treasury, the FDIC, and the Federal Reserve agreed to share losses in certain assets belonging to Citigroup. This case reviews these guarantee programs implemented during the global financial crisis by the government and explores the different rationale that shaped certain design features of each program.

Guarantees And Capital Infusions In Response To Financial Crises A: Haircuts And Resolutions, June Rhee, Andrew Metrick

Journal of Financial Crises

After the mortgage market meltdown in mid-2007 and during the financial crisis in 2008, major financial institutions around the world were on the verge of collapsing one after another. Faced with these troubles, the government had to respond quickly to contain the crisis as efficiently as possible. It was, however, limited in resources, time, and experience. To make matters worse, the complexity and opaqueness of the financial market and these institutions greatly affected the government’s ability to design an efficient and consistent method to contain the crisis. Shortly after Lehman Brothers filed for bankruptcy on September 15, 2008, American International …

Editors’ Note: Fighting The Covid-19 Pandemic Financial Crisis, Andrew Metrick, Rosalind Z. Wiggins

Journal of Financial Crises

Policy makers need decision support as they consider their options. For the past six years the Yale Program on Financial Stability (YPFS), which also publishes the Journal of Financial Crises, has researched and created content about the numerous interventions governments deployed during the Global Financial Crisis (2007-09) and other crises. With the onset of the COVID-19 crisis, we considered how we could best deploy our past research and skills to assist the current crisis-fighting efforts. We decided that we could best contribute to the effort by staying true to our mission to create, disseminate, and preserve knowledge about financial crises …

Initial Assessment Of Unmanned Aircraft System Characteristics Required To Fill Data Gaps For Short-Term Forecasts: Results Form Focus Groups And Interviews, Janell C. Walther, Liza M. Pytlikzillig, Jake Kawamoto, Adam L. Houston

University of Nebraska Public Policy Center: Publications

The integration of unmanned aircraft systems (UAS) into the weather surveillance network must be guided by the data needs of the principal stakeholders. This work aims to assess data needs/gaps for short-term forecasts (

Non-Traditional Church Involvement As A Life-Course Turning Point: Qualitative Interviews With Religious Offenders, William Hunter Holt

Dissertations

This research project conducted and then analyzed qualitative interviews from former and current addicts and criminal offenders who are voluntarily participating in the Christian faith at the same non-traditional, Protestant church. An abridged case study of this church is also provided for background and context. Life-course theory and grounded theory are utilized.

Both the offenders and this church were chosen in an attempt to better understand how the offenders’ involvement at this house of worship, along with their faith in general, have impacted them. Obtaining the perspectives of the offender is essential for three reasons. First, qualitative research conducted in …

Hope: The Core Of Social Justice, Emily K. Locke

Public & Community Service Studies Student Scholarship

The purpose of Hope: The Core of Social Justice, is to defend the role of hope in social justice movements. For those who are aware of or who face systematic oppression, the idea of having hope can seem ineffective or even detrimental to any progress in overcoming such systems. But, by clearly defining hope and analyzing its characteristics, one may find that the goal of hope and the goal of any social movement are nearly identical. Philosophical, theological, psychological, and historical references help to shine light on the limited conceptions many have of hope and to support the idea …

Prescribing Public-Private Partnerships To Global Health Initiatives, Elizabeth Rhoads

Independent Study Project (ISP) Collection

For six weeks I served as a finance intern with the Toilet Board Coalition (TBC) and created a Portfolio Presentation to deliver to TBC’s corporate board members in May. With my background in Public Health and interest in Corporate Social Responsibility and Sustainability, I was interested in learning how cross-sector partnerships can help accelerate global health development. My internship with TBC provided me with valuable firsthand experience in my topic of research, Public Private Partnerships (PPPs), which I was able to compare alongside a formal literature review. In this research paper I combine my research with my internship experience to …

Medical Trust In Pediatric Care In The United States, Talia Feldscher

Independent Study Project (ISP) Collection

Trust is a critical aspect of the patient-provider dynamic, but in the U.S., its importance is overlooked in many medical settings, especially among those from low socio-economic groups. As the disparities in American healthcare are being recognized on a larger scale, it is necessary to further uncover why this is the case, and how to begin to remedy this disparity. This study presents an original qualitative data set of perspectives from four current health/mental health practitioners, based on their experiences with their pediatric patients, and how the concept of trust is critical to their service provision. Supported by literature, this …

2020 April, Morehead State University. Office Of Communications & Marketing.

Morehead State Press Release Archive, 1961 to the Present

Press releases for April of 2020.

Human-Centered Design And Foundation Staff: A Case Study In Engaging Grant Beneficiaries, Nicholas G. Randell, Megan Macdavey

The Foundation Review

As part of ongoing efforts to engage grant partner voices in their work with young people who have intellectual disabilities, program staff at the Peter & Elizabeth Tower Foundation have explored the notion of being physically proximate to these young people as a way to more authentically listen to them and their families — those for whose benefit the foundation’s grant dollars are ultimately intended.

The staff’s most recent engagement strategy looked at a way of solving problems and designing solutions for people that puts those people at the focal point of the process: human-centered design. For the Tower Foundation, …

Using Social Network Analysis To Understand The Perceived Role And Influence Of Foundations, Todd L. Ely, Katie Edwards, Rachel Hogg Graham, Danielle Varda

The Foundation Review

Collaboration between foundations and other organizations is critical to the success of foundation-supported initiatives, but the power dynamics among foundations, grantees, and their broader communities can be challenging. Social network analysis is a tool to assess collaboration among organizations and its outcomes. A unique yet often underemphasized benefit of this method of analysis is its focus on dyadic relationships between organizations, which presents an opportunity for foundations to evaluate their role in a network and how they are perceived by the very organizations whose missions they support.

This article leverages a social network analysis of community partners focused on addressing …

Assessing Change And Deepening Impact In Early Learning Systems: The Formal-System Self-Assessment Tool, Erika Takada, Clare Nolan, Meera Mani

The Foundation Review

The David and Lucile Packard Foundation is investing in a 10-year strategy, Starting Smart and Strong, that partners with three California communities to develop and test solutions to support parents, caregivers, and educators as they prepare children to be ready for school. Central to this strategy are community efforts to create comprehensive early learning systems that model quality teaching practices, secure and ensure adequate distribution of resources, and have capacity to improve, innovate, and scale.

One of the challenges in systems evaluation is identifying meaningful indicators of interim progress toward longer-term change. From the start, the evaluation has been learning …

Participatory Grantmaking: A Test Of Rubric Scoring Versus Popular Voting Selection In A Blinded Grantmaking Process, Oktawia Wojcik, Lesleigh Ford, Keely Hanson, Claire Boyd, Shena Ashley

The Foundation Review

Because small, community-based organizations play a critical role in delivering services and expressing diverse community values, it is important to find ways to minimize disparities in their access to philanthropic resources. Participatory grantmaking is widely viewed as a practice with good potential to mitigate this tendency.

This article addresses the design of this approach to grantmaking and, specifically, whether changing the decision-making process in addition to changing the decisionmakers has an effect on how grants are allocated. It examines the design of two grant review processes — one based on popular voting, the other a more traditional rubric approach — …

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The Foundation Review

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The Foundation Review

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Full Issue

The Foundation Review

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Archiving Forward And Backward: Two Perspectives On Capturing The Impact Of Limited-Life Foundations, Lori Eaton, Phoebe Kowalewski

The Foundation Review

Foundations that document their knowledge through an archives are creating a rich legacy of information. Archives preserve and provide access to the raw data that allow researchers to study and analyze grantmaking and its impact on people and communities.

Limited-life foundations may have an even greater incentive to capture their work in an archives: Once they close their doors, much institutional knowledge is lost. By examining two specific cases — the Ralph C. Wilson, Jr. Foundation, which began planning for its archives early it its work, and the Atlantic Philanthropies, which began the process later — this article discusses what …