The Grand Strategic Thought Of Colin S. Gray,
2021
US Army War College
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.
Broken Nest: Deterring China From Invading Taiwan,
2021
US Army War College
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.
Defeat Mechanisms In Modern Warfare,
2021
US Army War College
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.
Book Reviews,
2021
US Army War College
Book Reviews, Usawc Press
The US Army War College Quarterly: Parameters
No abstract provided.
Contributor's Guidelines And Article Index,
2021
US Army War College
Contributor's Guidelines And Article Index, Usawc Press
The US Army War College Quarterly: Parameters
No abstract provided.
Review Essay,
2021
US Army War College
Review Essay, Robert L. Bateman
The US Army War College Quarterly: Parameters
No abstract provided.
Commentary And Reply,
2021
US Army War College
Commentary And Reply, Claude A. Lambert
The US Army War College Quarterly: Parameters
No abstract provided.
Article Index,
2021
US Army War College
Article Index, Usawc Press
The US Army War College Quarterly: Parameters
No abstract provided.
Book Reviews,
2021
US Army War College
Book Reviews, Usawc Press
The US Army War College Quarterly: Parameters
No abstract provided.
Sherman And His Historians: An End To The Outsized Destroyer Myth?,
2021
US Army War College
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.
On “The Us Army And The Pacific: Challenges And Legacies”,
2021
US Army War College
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).
Qualitative Insider Research In A Government Institution: Reflections On A Study Of Policy Capacity,
2021
University of Prince Edward Island
Qualitative Insider Research In A Government Institution: Reflections On A Study Of Policy Capacity, Bobby Cameron
The Qualitative Report
Embarking on a qualitative Ph.D. research project in public administration is often daunting for novice researchers. For those students who consider adopting an emic or insider approach for their research, the ethical, methodological, and analytical challenges that lay ahead may seem insurmountable at times. In this article, I reflect on my experience as a Ph.D. student completing qualitative research with my colleagues to study policy capacity in a provincial government in Canada. I review how I constructed an ethical framework by integrating policy from Research Ethics Boards and government. Throughout the article, I deal primarily with ethical considerations and the …
Lessons Learned: Matthew Kabaker,
2021
Yale University
Lessons Learned: Matthew Kabaker, Yasemin Esmen
Journal of Financial Crises
During the Global Financial Crisis of 2007-09, Matthew Kabaker was senior adviser to Treasury Secretary Timothy F. Geithner and Treasury deputy assistant secretary, capital markets. He helped design the Treasury’s policy response to the financial crisis; design and implement the Dodd-Frank financial reforms; and address housing finance reform, including reforms at Fannie Mae and Freddie Mac. Mr. Kabaker also served on the Treasury’s Financial Stability Policy Council and Housing Policy Council. This Lessons Learned summary is based on an interview with Mr. Kabaker.
Lessons Learned: William “Bill” Dudley,
2021
Yale University
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),
2021
Yale School of Management
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,
2021
Yale School of Management
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),
2021
Yale School of Management
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,
2021
Yale School of Management
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,
2021
Yale School of Management
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),
2021
Yale School of Management
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 …
