Social and Behavioral Sciences Commons^™

The Commercial Paper Funding Facility (U.S. Gfc), Rosalind Z. Wiggins

Journal of Financial Crises

In mid-September 2008, prime money market mutual funds (MMMFs) began experiencing run-like redemption requests sparked by one fund that had “broken the buck” because of large exposure to Lehman Brothers commercial paper (CP). As a result, MMMFs, which are significant investors in CP, became reluctant to hold CP. Within a week, outstanding CP had been reduced by roughly $300 billion. The CP market experienced severe shortening of maturities and increased rates, making it difficult for issuers to place new paper. When government efforts to assist the MMMFs did not resolve the stresses in the CP market, the Federal Reserve announced, …

The Primary Dealer Credit Facility (Pdcf) (U.S. Gfc), Karen Yang

Journal of Financial Crises

On March 16, 2008, the Federal Reserve created the Primary Dealer Credit Facility, or PDCF, to provide overnight funding to primary dealers in the tri-party repurchase agreement (repo) market, where lenders had become increasingly risk averse. Loans were fully secured by (initially) investment-grade securities and offered at the primary credit rate by the Federal Reserve Bank of New York. The eligible collateral was significantly expanded in September 2008, after rumors of Lehman Brothers potentially filing for bankruptcy, to include all of the types of instruments that could be pledged at the two major tri-party repo clearing banks. The PDCF was …

The Federal Reserve Single-Tranche Term Repurchase Agreements (U.S. Gfc), Aidan Lawson

Journal of Financial Crises

As mortgage defaults and foreclosures continued to climb, the severe strains that started to plague credit markets in the middle of 2007 worsened further. Losses on housing-related securities and derivative instruments continued to climb, causing substantial damage to the balance sheets of large financial institutions that had levered up on these same securities. As their positions worsened, banks found it increasingly difficult to attract funding that wasn’t priced at exorbitantly high rates or for very short terms. Term funding markets, specifically those that centered on agency mortgage-backed securities (MBS), quickly dried up as fears of illiquidity and even insolvency spread. …

The Federal Reserve’S Response To The 1987 Market Crash (U.S. Historical), Kaleb B. Nygaard

Journal of Financial Crises

The S&P 500 lost 10% the week ending Friday, October 16, 1987, and lost an additional 20% the following Monday, October 19, 1987. The date would be remembered as Black Monday. The Federal Reserve (the Fed) responded to the crash in four distinct ways: (1) issuing a public statement promising to provide liquidity, as needed, “to support the economic and financial system”; (2) providing support to the Treasury securities market by injecting in-high-demand maturities into the market via reverse repurchase agreements; (3) allowing the federal funds rate to fall from 7.5% to 7.0% and below; and (4) intervening directly to …

1970 Commercial Paper Market Liquidity Crisis (U.S. Historical), Kaleb B. Nygaard

Journal of Financial Crises

Penn Central Transportation Company (Penn Central), the resulting railroad company of the late 1960s merger of Pennsylvania Railroad and New York Central Railroad, filed for bankruptcy on June 21, 1970. The bankruptcy came in the middle of the 1969–70 recession and sparked a sharp downturn in the commercial paper market. The Federal Reserve did not intervene directly in the commercial paper market but rather increased funding options available to banks via the discount window and an amendment to Regulation Q. The banks then provided funds to corporations unable to acquire them from the commercial paper market. The liquidity crisis abated …

Market Liquidity Programs: Gfc And Before, June Rhee, Greg Feldberg, Ariel Smith, Andrew Metrick

Journal of Financial Crises

The virulence of the Global Financial Crisis of 2007–09 (GFC) was explained in large part by the increased reliance of the global financial system on market-based funding and the lack of preexisting tools to address a disruption in that type of system. This paper surveys market liquidity programs (MLPs), which we define as government interventions in which the key motivation is to stabilize liquidity in a specific wholesale funding market that is under stress. Most of the MLPs surveyed in this paper were launched during and after the GFC, but two pre-GFC MLPs are included. A subsequent survey on MLPs …

Designing The Main Street Lending Program: Challenges And Options, William B. English, J. Nellie Liang

Journal of Financial Crises

The Main Street Lending Program (MSLP) was established by the Federal Reserve to provide loans to small and mid-sized firms and large below-investment-grade firms that were financially sound before the onset of the COVID-19 pandemic. The program, which was established under the Fed’s Section 13(3) emergency authorities, is supported by capital from the U.S. Treasury and became operational in July 2020; however, utilization has been slight. We describe the economic challenges in designing a loan support program and evaluate the MSLP program in terms of how it manages significant asymmetric information, adverse selection, poor targeting, and moral hazard problems while …

Mindfulness Therapy Is An Effective Adjunctive Treatment For Adolescents Living With Hiv, Samantha Rea

Clinical Research in Practice: The Journal of Team Hippocrates

A clinical decision report appraising Webb L, Perry-Parrish C, Ellen J, Sibinga E. Mindfulness instruction for HIV-infected youth: a randomized controlled trial. AIDS Care. 2018;30(6):688–695. https://doi.org/10.1080/09540121.2017.1394434

Features And Trends Of Development Of Industrial Complex In The Tashkent Region, Nilufar Batirova

The Light of Islam

The aim of the article is the theoretical justifcation and development of the organizational and economic mechanism for the formation and development of a regional intentional complex, where innovative components dominate. It should be noted that in recent years in the region there have been trends in the deepening of the newest forms of relations and interconnections based on the expansion of inter-sectoral and sectoral integration of industrial enterprises, the progress of the formation of forms of regional industrial systems is traced, prerequisites are created for the emergence of new forms of integrated cooperation of the subjects of the innovation …

The Importance Of Following The Professional And Ethical Principles Of The Psychologist In The Provision Of Psychological Services, Nilufar Rasulova, Dildorakhon Ulmasova

The Light of Islam

Today people turn to psychologists and psychotherapists. Every day, people are faced with many stressful, difcult to solve problems. People feel the need for psychological services because they are not always able to tell their loved ones about the problems that bother them. That is why today in our country special attention is paid to expanding psychological services and increasing their efciency. In particular, psychological service centers have been created in the Youth Union. By the Resolution of the Cabinet of Ministers No. 472 dated 06/07/2019, an action plan was developed for the further improvement of psychological services in the …

Misinformation As A Method Of Psychological Influence Of Information (Based On Modern Foreign Research), Azamat Ibrakhimov

The Light of Islam

This article is based on up-to-date foreign research on the use of misinformation as a tool of psychological influence, which has become the most pressing issue at the moment. In practice, the information provided by the mass media has become a means of influencing its content. Extremely fast-paced images of life, a lack of time to study the events reported by the media, and sometimes a lack of personal skills to analyze these reports have led to a wide audience accepting the material in the same way as media outlets. The article attempts to theoretically comprehend the phenomenon of creating …

The Role Of Test Making In Learning Process, Dilbar Xasanova, Hugh Cartwright Cheonan Assistant Professor

The Light of Islam

Almost always with the word "test" a question comes to mind with four or fve possible answers. Students usually think of multiple-choice questions (MCQs) when they are told to get tested. Testing means testing students' knowledge using different types of question forms. The proposed article examines the academic performance test, which was developed by the administration of the Uzbekistan English Teachers Association (UZTEA) for Year 2 students of lyceums and colleges. The purpose of this study is to discuss test constructs and propose a more reliable version of them if the reason for the unsatisfactory results depends on the evaluation …

Copulative Compound Words Formed By Using The Interfix In The Pashto Language, Ugiljon Abduvaliyeva

The Light of Islam

Questions about word formation remain one of the most pressing problems of modern linguistics. The relevance of this issue is increasing, especially for less-studied languages such as the Pashto language, since the vocabulary of the language is constantly being enriched under modern requirements. The need to express new concepts arising from
progress in various spheres of life gives rise to the need to create new lexical units based on the language’s capabilities and resources. The study of this process on a scientifc basis, the defnition of its directions, the defnition of its specifcs based on the analysis of language material …

Study Of Amir Husrow Dehlaviy’S Rubais, Feruza Nizamova

The Light of Islam

The article provides data on the manuscripts and studies of the legacy of Amir Khusrow Dehlavi, stored in the Institute of Oriental Studies named after Abu Rayhan Biruni of the Academy of Sciences of the Republic of Uzbekistan. In the manuscripts we examined, there is information about the origin of ghazals, but there is no mention of the origin of the ruba’is. In many manuscripts, the order of fling the ruba’is is not based on any principle. Only a few of them are arranged alphabetically, either by the frst letter of the verse or by the last letter of the …

Semantic Classification Of Auxiliary Verbs In Arabic Language, Malika Nasirova

The Light of Islam

In Arabic, the verb takes a signifcant place among the parts of speech. Without knowing the morphological features of Arabic verbs, it is impossible to maser many of the rules of other parts of speech. This article is devoted to auxiliary verbs, which, together with the main verb, convey additional meaning to the action of the subject. In Arabic, the topic of auxiliary verbs has
attracted the attention of linguiss from the early Middle Ages to the present. The mos recent sudies on this topic are collected in the works of Abbas Hasan, Musafa Galayini, Fuad Nemat, Antoine Dahdakh, Abu …

Influence Of Us Neoconservatism On Formation Of National Security Paradigm, Mukhammadolim Mukhammadsidiqov, Abrar Turaev

The Light of Islam

This article analyzes the impact of neoconservative ideology on the formation of national security paradigms in the United States and reveals the impact of views and ideas put forward by U.S. neoconservatives on the formation of public administration, especially security goals in domestic and foreign policy. In particular, the role of Albert Walstetter, a well-known proponent of neoconservative views, in the formation of security concepts is discussed. The role of political philosopher Leo Strauss’s political-philosophical and military-strategic approaches in the development of neoconservative ideology and the conceptual basis of modern security problems are theoretically analyzed. It is emphasized that the …

The Activity Of Chinese Muslims In The Social, Economic And Cultural Life Of The Country In The Ix-Xvi Centuries, Odiljon Ernazarov

The Light of Islam

The article presents information about the socio-political, economic, and cultural conditions in China in the 9th-16th centuries, the spread of Islam in China and its adaptation to the local culture, the participation of Muslim peoples in the social, economic, cultural life and educational 94 Tе Light of Islam, 3-сон 2020 йил Диншунослик process of the country. Also, it analyzes the formation of Muslim communities among the majority of followers of Buddhism, Confucianism, and Taoism by adapting to their religious beliefs, close to the content of Islam, and the emergence of 10 separate legal systems, such as “Zu Tang” (“Foreigner living …

The Concept Of Risalat And Its Historical, Political And Ideological Role, Farrukh Kushbayev

The Light of Islam

The main goal of the article is to give a clearer picture of the life of the Prophet Muhammad (peace and blessings be upon him) and his activities to spread the idea of monotheism based on the verses of the Koran. In particular, by objectively illuminating the historical essence of the formation of medieval Arab society during the period of rising, to prevent the emergence of misconceptions about Islam and its prophet in the minds of the modern young generation. The article frst explains the lexical meaning of the term “risolat (mission)”, and then analyzes the ideological influence of this …

Ari’An Relations In Islamic Law And Its Types, Mamurjon Erkaev

The Light of Islam

Current article studies the issue of ariya (borrowing something without any payment), its Sharia rulings and types which are based on socio-legal relations in the sources of the classical period of the Hanaf school. An important feature of researching the issue of ariya in the sources of Islamic law is that along with the regulation of social relations between people, it will be a solution to today’s pressing problems in this area. The scientifc article cites verses from the Qur’an and hadiths. Furthermore, the works of well-known Hanaf fakihs in Maverannahr and the Islamic world, who commented on this issue, …

The Specifics Of The Political Analysis Of The Foreign Policy Of Muslim Countries, Guzal Kadirova

The Light of Islam

The article is devoted to the peculiarities of the foreign policy of Muslim states, where the Islamic factor plays an important role in society. It is known that the religious factor manifests itself in different ways, depending on the historical heritage, culture and characteristics of the socio-political development of the country. At the same time, it has a significant impact on the foreign policy of all Muslim states. So, the Islamic factor is present both in the state foreign policy strategy and in the form of ideology promoted by non-state actors.

In the state policy of Muslim countries, mainly the …

Activities Of Central Asian Research Centres In The Arab States, Shavkat Ikromov

The Light of Islam

This article is devoted to the activities of centers for the scientific study of Central Asia in the Arab states. In the article, based on Arabic-language sources, a comparative and content analysis of research and work carried out in scientific centers of Saudi Arabia, Egypt, Iraq, and Algeria are carried out. As well as scientific research at the universities of Baghdad, Mosul, Mustansiri and Kufa in Iraq, several higher educational institutions and research centers such as Al-Azhar in Cairo on the history and politics of Central Asia.

The purpose of this article is to study the coverage of the modern …

Activities Of Scholars Of Islamic Law (Fuqaha) From Shash Oasis In Scientific Centers Of The Region, Nematullo Mukhamedov

The Light of Islam

For centuries, Islamic traditions have contributed to the formation of unique Muslim culture in Central Asia, interwoven with the rich cultural heritage of the peoples of this region. In turn, this affected the spiritual life of society and left a significant mark on the development of various sciences. Uzbekistan and its cities Bukhara, Samarkand, Nasaf (Karshi), Termez, Khiva, Shash (Tashkent) and others, which became famous in the whole Muslim world as leading scientific and cultural centers, occupied a special place in these historical processes.

IX – XII centuries in Central Asia is famous for the development of science and culture, …

Virtual Dss: Excelling With Excel Part 1, Molly Castro, Rebecca Bakker, Jill Krefft, Jamie Rogers

Digital Scholar Studio Resources

Part one of a two-part webinar series on best practices, tips, and tricks for beginning to advanced tabular data wranglers.

Part two is available here.

S3e4: How Does Diversity Strengthen Education And Community?, Ron Lisnet, Kimberly Whitehead, Susan Mckay

The Maine Question

The death of George Floyd is just one of several incidents that pushed issues of race, diversity and justice to the front burner in 2020. At the University of Maine, President Joan Ferrini-Mundy created a new council to examine where UMaine stands in relation to these issues and what can be done to foster a more inclusive and equitable campus atmosphere. The Council on Diversity, Equity and Inclusion began its work this fall. We speak with council co-chairs Kimberly Whitehead, vice president and chief of staff to the president, and Susan McKay, a professor of physics and director of the …

Benefits Cost Anaylsis: Options For Sea Level Rise Adaptation On West Cliff Drive, Charles S. Colgan, Philip King, David Revell

Publications

This report presents the results of a benefit cost analysis of various options for adapting West Cliff Drive (in the City of Santa Cruz, California) to sea level rise as identified through extensive technical analysis and community input. This report has built on previous work completed as part of the West Cliff Drive Adaptation and Management Plan project. The previous work products provided much of the information needed for this benefit cost analysis included an existing conditions inventory, future exposure and vulnerability assessment, and an adaptation alternatives analysis. Since most of the West Cliff Drive corridor is publicly owned by …

Spartan Daily, October 8, 2020, San Jose State University, School Of Journalism And Mass Communications

Spartan Daily, 2020

Volume 155, Issue 21

Tips For Looking And Sounding Your Best On Video, Rachel Edford

EGS Content

Presentation on tips for effective lighting, camera positioning, audio, and backgrounds when creating videos at October 5, 2020 UCF Libraries Faculty Affairs Committee meeting.

Trustees Announce New Diversity Scholarship, Approve Six Faculty, Mark D. Weinstein

News Releases

Cedarville University’s Board of Trustees approved adjustments to the University’s academic scholarship program, affirmed six new faculty members and announced a new diversity scholarship in honor of a longtime trustee at its regular board meeting Friday, Oct. 2, 2020.

Language Learning: Social Skills Challenged By Social Distancing And Masks, Mark D. Weinstein

News Releases

Language learners depend on watching instructors’ rounding lips and twisting tongues to produce new language sounds. Students recreate the foreign syllables modeled before them by examining how mouth-corners curl and teeth hold back air. Their goal is audible speech, but the learning process is riddled with visual cues.

S3e4: How Does Diversity Strengthen Education And Community?, Ron Lisnet

Social Justice: Diversity, Equity, & Inclusion

The death of George Floyd is just one of several incidents that pushed issues of race, diversity and justice to the front burner in 2020. At the University of Maine, President Joan Ferrini-Mundy created a new council to examine where UMaine stands in relation to these issues and what can be done to foster a more inclusive and equitable campus atmosphere. The Council on Diversity, Equity and Inclusion began its work this fall. We speak with council co-chairs Kimberly Whitehead, vice president and chief of staff to the president, and Susan McKay, a professor of physics and director of the …