Social and Behavioral Sciences Commons^™

Lessons Learned: A Conversation With Paul A. Volcker, Andrew Metrick, Rosalind Z. Wiggins, Kaleb B. Nygaard

Journal of Financial Crises

On March 26, 2019, Andrew Metrick, the Janet Yellen Professor of Finance at the Yale School of Management and Founder and Director of the Yale Program on Financial Stabilitysat down with Paul A. Volcker to discuss his perspectives on the Federal Reserve, central banking autonomy, “too big to fail,” and how his perspectives on these topics have changed over the decades.It turned out to be one of the last interviews given by the former Chairman of the Federal Reserve System who passed away on December 8, 2019, at the age of 92.

The Federal Reserve’S Financial Crisis Response E: The Term Asset-Backed Securities Loan Facility, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

Securitization is a process that allows banks and other lenders to package loans and sell them as bonds called asset-backed securities (ABS), removing them from their balance sheets and immediately generating cash for new loans. ABS are an important component of the financing cycle for many types of loans to households and small businesses, including mortgages. In the fall of 2008, financial markets began experiencing disturbances as the effects of the U.S. subprime market meltdown spread. The ABS market froze decreasing the volume of new loans to households and small businesses. The Federal Reserve became very concerned about the potential …

The Federal Reserve’S Financial Crisis Response D: Commercial Paper Market Facilities, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

During the summer of 2007, the U.S. residential mortgage market began to decline sharply negatively impacting the asset-backed commercial paper (ABCP) market, which often relied on mortgages as underlying support. Money Market Mutual Funds (MMMFs), significant investors in commercial paper (CP), quickly retreated from the market, causing a substantial decline in outstanding ABCP. In September 2008, pressures on the markets severely escalated again, when the Reserve Primary Fund MMMF “broke the buck” and prompted run-like redemption requests by many MMMF investors. These disruptions resulted in higher rates and shorter maturities, practically freezing the market for term CP. Concerned about the …

The Federal Reserve’S Financial Crisis Response C: Providing U.S. Dollars To Foreign Central Banks, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

The financial crisis that began in late 2007 with the decline in the United States (U.S.) subprime mortgage markets quickly spread to other markets and eventually disrupted the interbank funding markets in the U.S. as well as overseas. To address the strain in the U.S. dollar (USD) funding markets, the Federal Reserve worked with foreign central banks around the world to provide USD liquidity to affected overseas markets by entering into currency swap agreements. Following the bankruptcy of Lehman Brothers in September 2008, and the resulting further destabilization of the world’s financial systems, the size and utilization of these swaps …

The Federal Reserve’S Financial Crisis Response B: Lending & Credit Programs For Primary Dealers, Rosalind Z. Wiggins, Patricia C. Mosser, Andrew Metrick

Journal of Financial Crises

Beginning in the summer 2007 the Federal Reserve (the Fed) deployed numerous conventional and innovative programs to address the credit crisis occurring in the wholesale lending markets that was beginning to affect the broader financial markets and threaten the economy at large. Two of those programs, the Term Securities Lending Facility (TSLF) and the Primary Dealer Credit Facility (PDCF) were aimed at providing liquidity to primary dealers and required the Fed to rely on its authority under Section 13(3) of the Federal Reserve Act. Section 13(3) is a Depression Era amendment that permits the Fed expanded powers in “unusual and …

The Federal Reserve’S Financial Crisis Response A: Lending & Credit Programs For Depository Institutions, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

Beginning in summer 2007, the Federal Reserve (the Fed) was called upon to address a severe disruption in the interbank lending markets sparked by a downturn in the subprime mortgage market. As these developments began to impact the ability of banks to raise adequate funding, the Fed encouraged them to utilize the Discount Window (DW), its standing facility for lending to depository institutions, and repeatedly decreased the lending rate to make the facility more accessible. Despite the Fed’s efforts, for a number of reasons, including historical perceptions of stigma, banks were reluctant to utilize the DW. In December 2007, the …

Solvency As A Fundamental Constraint On Lolr Policy For Independent Central Banks: Principles, History, Law, Sir Paul M. W. Tucker

Journal of Financial Crises

This paper follows up earlier work advocating a principled modernization of doctrines for central bank lender-of-last-resort policies and operations. It argues for a new Fundamental Constraint on such authorities: namely, “the principle that central banks should not lend to firms that they know (or should know) to be fundamentally bust or broken.” Tucker supports this with commentary from various peers, a review of principles underlying bankruptcy law and resolution schemes, and by deconstructing other common counterarguments. Centrally, he argues that when central banks breach the Fundamental Constraint, they distribute resources to short-term creditors at the expense of longer-term creditors, …

Andrews University Summer Graduation August 2020, Hannah Gallant

Andrews Agenda: Campus News

No abstract provided.

Conversations On Race Aaf 207a, Karen Morse

Library Impact Statements

No abstract provided.

2020 Risd Bi+Poc Student Demands For Racial Equity & Inclusion, Risd Anti-Racism Coalition (Risdarc), Risd Archives

Racial Justice

RISD Anti-Racism Coalition (risdARC) demands document presented to the RISD Community, July, 2020.

Copula-Based Time Series With Filtered Nonstationarity, Xiaohong Chen, Zhijie Xiao, Bo Wang

Cowles Foundation Discussion Papers

Economic and financial time series data can exhibit nonstationary and nonlinear patterns simultaneously. This paper studies copula-based time series models that capture both patterns. We propose a procedure where nonstationarity is removed via a filtration, and then the nonlinear temporal dependence in the filtered data is captured via a flexible Markov copula. We study the asymptotic properties of two estimators of the parametric copula dependence parameters: the parametric (two-step) copula estimator where the marginal distribution of the filtered series is estimated parametrically; and the semiparametric (two-step) copula estimator where the marginal distribution is estimated via a rescaled empirical distribution of …

My Experience With Cfs Strong, Lana Sayre

Other QIC-WD Products

I am a child and family services specialist supervisor with the Nebraska Department of Health and Human Services. A few years ago, I volunteered to take over for another member of the workforce retention team that was working with the QIC-WD to develop/select an intervention that Nebraska could implement to reduce employee turnover among child and family services specialists (CFSS), our frontline worker position. Employee retention is a constant, ongoing challenge. Our work is challenging and very stressful. You have to be an expert in child safety and have a broad understanding of all of the issues which affect the …

Data, Stats, Go: Navigating The Intersections Of Cataloging, E-Resource, And Web Analytics Reporting, Rachel S. Evans, Wendy Moore, Jessica Pasquale, Andre Davison

Presentations

Do you trudge through gathering statistics at fiscal or calendar year-end? Do you wonder why you track certain things, thinking many seem outdated or irrelevant? Many places seem to keep counting certain statistics because "that's what they've always done." For e-resources, how do you integrate those with physical counts and reconcile the variations (updated e-resources versus re-cataloged physical items)? What about repository downloads and other web traffic? The quantity of stats that libraries track is staggering and keeps growing. This program will encourage attendees to stop and evaluate what and why they're gathering data and help identify possible alternatives to …

To Drown Or Not To Drown: Self Discovery Through The Lens Of Formalist Theory, Sierra Correia

Capstone Research Projects

The purpose of this project was to discover whether or not using creative nonfiction writing as a strategy in narrative therapy can aid in the process of self-discovery, self-awareness, and self-reflection. To begin, I selected creative nonfiction pieces for analysis: Underwater Blue, Forever Blue, and The Knowing, all of which come from a portfolio completed in Fall 2019 and contain traumatic subject matter. Literary formalist criticism, the Narrative Process Model, and narrative themes and the concept of self were the chosen methods of analysis. I found commonalities in writers' craft tools as well as in themes and self in all …

Ouachita's Virtual Ar-Cure Synthetic Biology Workshop Equips Faculty Around The Country, Rachel Gaddis, Ouachita News Bureau

Press Releases

Ouachita Baptist University’s Department of Biological Sciences virtually hosted 45 faculty members from 38 colleges and universities last month in its fourth annual AR-CURE Synthetic Biology Workshop, an academic initiative to train institutions to incorporate semester-long research in undergraduate classrooms. The Arkansas-Course Embedded Undergraduate Research Experience (AR-CURE) teaches faculty participants the importance of course-based research and shares how to conduct Ouachita’s Synthetic Biology project at their institutions or to use it as a model to create their own.

Ouachita Faculty Team Selected For National Disability Inclusion Grant, Rachel Gaddis, Ouachita News Bureau

Press Releases

A team of Ouachita Baptist University faculty members has been selected as a recipient of the Accelerating Disability Inclusion Community-Based Micro-Grant by the National Center on Health, Physical Activity and Disability’s (NCHPAD) Inclusion: Community Micro-Grant Program. Ouachita is one of seven community-based organizations from around the country to be awarded the micro-grant.

According to the NCHPAD website, recipients of the program’s Accelerating Disability Inclusion Community-Based Micro-Grant are charged with creating or advancing disability inclusion efforts – in programs, policy, systems or environments – through an innovative, community-based project.

The Moral Challenges Of Opening Up Schools During The Pandemic, Rachel Robinson-Greene

Languages, Philosophy, and Communication Studies Faculty Publications

As we inch ever closer to August, the question of if and how schools will open in the fall is increasingly pressing on everyone’s minds. Many decisions related to COVID-19 are presented as morally controversial when they really shouldn’t be. The issue of opening the schools, on the other hand, is complex. No matter what decision is made, some individuals and groups will experience significant hardship.

Labour Of Love: An Open Access Manifesto For Freedom, Integrity, And Creativity In The Humanities And Interpretive Social Sciences, Andrea E. Pia, Simon Batterbury, Agnieszka Joniak-Lüthi, Marcel Laflamme, Gerda Wielander, Filippo M. Zerilli, Melissa Nolas, Jon Schubert, Nicholas Loubere, Ivan Franceschini, Casey Walsh, Agathe Mora, Christos Varvantakis

Copyright, Fair Use, Scholarly Communication, etc.

Over the next decade, Open Access (OA) is likely to become the default in scholarly publishing. Yet, as commercial publishers develop new models for capturing revenue (and as policy initiatives like Plan S remain reluctant to challenge their centrality), researchers, librarians, and other concerned observers are beginning to articulate a set of values that critically engages the industry-driven project of broadening access to specialist scholarship. While alternative genealogies exist, conversations about OA in the Global North have largely been concerned with the model of the STEM disciplines, lately shifting to focus on the development of infrastructural fixes that transcend traditional …

Pandemic Response As Border Politics, Michael R. Kenwick, Beth A. Simmons

All Faculty Scholarship

Pandemics are imbued with the politics of bordering. For centuries, border closures and restrictions on foreign travelers have been the most persistent and pervasive means by which states have responded to global health crises. The ubiquity of these policies is not driven by any clear scientific consensus about their utility in the face of myriad pandemic threats. Instead, we show they are influenced by public opinion and preexisting commitments to invest in the symbols and structures of state efforts to control their borders, a concept we call border orientation. Prior to the COVID-19 pandemic, border orientation was already generally …

Black Drowning Deaths: An Introductory Analysis, Alena Gadberry, James Gadberry

International Journal of Aquatic Research and Education

Black children between the ages of 5 and 14 are 2.6 times more likely to drown than white children. A systematic exclusion from public pools and other forms of water activities over time has led to a lack of cultural capital involving aquatics among black families. Pierre Bourdieu has provided a theoretical foundation in which to understand this issue. The social fields created by generational socialization have made blacks feel like they have no place in the water. It will take a restructuring of the social institutions to set in motion the socialization (or a re-socialization) of new and more …

Covid-19 Spread In Europe: The Soccer Connection, Bibodh J. Karki, Raghava S. Ambadapoodi, Zahid Imran, Julio A. Ramirez

The University of Louisville Journal of Respiratory Infections

Introduction: Mass gatherings, such as sports events, are potential causes of the rapid spread of COVID-19 infection. Millions of soccer fans travel across Europe every week. With the world’s most popular leagues continuing play until the second week of March 2020, we hypothesize that a correlation exists between the number of people attending the soccer league games in Spain, Italy, France, Germany, and the UK and the increasing number of cases of COVID-19 in these countries during the ongoing epidemic.

Methods: We calculated the total number of attendees in the five major soccer leagues from the popular sports websites and …

New Dining Facility, Including Chick-Fil-A, Opening In August, Mark D. Weinstein

News Releases

It’s just a few short weeks until Cedarville University students and residents of the village of Cedarville will be able to enjoy Chick-fil-A sandwiches and waffle fries on the university’s campus.

Comparing Verbal And Spatial Working Memory In Monolingual And Bilingual Speakers, Rosaury Hernandez

Theses and Dissertations

The bilingual advantage has been demonstrated in different domains of cognitive functioning, especially executive functioning. Compared to other domains of executive functioning, the impact of bilingualism on working memory in children and adults has received relatively little attention. Moreover, research on the bilingual advantage in young adults has produced mix results in tasks where working memory is required. The present study examined whether bilingual expertise yielded different results depending on the working memory task. The present study included 54 participants, 44 identified as female and 10 identified as male. Spatial working memory was measured using the computerized spatial span task …

Implicit And Explicit Childhood Financial Socialization: Protective Factors For Marital Financial Disagreements, Ashley Larsen Gibby, Logan Pettit, E. Jeffrey Hill, Jeremy Yorgason, Erin Kramer Holmes

Faculty Publications

Research to date has shown that childhood financial socialization is significantly associated with the financial attitudes and behaviors of children, youth, and adults. However, the extent to which childhood financial socialization is connected to marital outcomes remains largely unknown. Using data from 1,473 newly married couples who participated in a nationally representative study, we examined the relationship between childhood financial socialization and reported marital financial disagreements by utilizing actor-partner interdependence structural equation models (APIM SEM). Our results suggest that implicit (i.e. parental modeling) and explicit (i.e. direct conversations or experiential learning) financial socialization significantly and negatively relate to marital financial …

Perceptions Of Police Use Of Force At The Intersection Of Race And Pregnancy, Emma Elizabeth Lee Money

Dissertations and Theses

Attention surrounding forceful policing largely focuses on men's experiences, but Black women, even when pregnant, are also harmed by police use of force. Previous research demonstrating anti-Black biases in perceptions of police use of force toward men cannot be directly applied towards women, due to unique stereotypes of Black women and mothers. How do race and pregnancy influence perceptions of police use of force against women? It was expected that pregnancy would elicit more positive responses in the current study, but only when pregnant women were also White. Benevolent sexism (BS) and social dominance orientation (SDO) were tested as moderators …

Solving The First Mile/ Last Mile Problem: Electric Scooter And Dockless Bicycles Are Positioned To Provide Relief To Commuters Struggling With A Daily Commute, Kelly Grosshuesch

William & Mary Environmental Law and Policy Review

Commuters in cities across the United States struggle to find ease in their daily commute. Public transportation no longer provides residents with an adequate and reliable source of transportation.1 For many commuters, getting to and from nodes of public transportation is difficult and a deterrent from using public or shared transportation instead of driving.2 This, therefore, increases vehicle congestion and car emissions in cities. While multiple new technologies and innovations have emerged to attempt to help commuters with the trip to and from public transportation, most have fallen short.3 But two new innovations that have gained major popularity among consumers, …

Before Disaster Strikes: Preparing America To Be Disaster Resilient, Cole Hoyt

William & Mary Environmental Law and Policy Review

Major natural disasters in the United States are occurring more frequently and are causing more damage and destruction than ever before in the nation’s history. With the increased number and intensity of natural disasters, America’s failing infrastructure and current resiliency plan are inadequate to successfully prepare and respond to such catastrophic events. As a direct result, natural disasters in the United States cause scores of deaths and injuries, inflict billions of dollars’ worth of damage per disaster, and make it increasingly more difficult for Americans to recover and return to a sense of normalcy.

The World Health Organization (“WHO”), offers …

The Motherhood Penalty: Not So Black And White, Shruti Kumar

Electronic Thesis and Dissertation Repository

Working mothers experience discrimination in hiring, promotion, salary, and training opportunities. This “motherhood penalty” occurs, in part, due to stereotyped family role expectations: working mothers are often perceived as the primary caregivers in their families and are assumed to have additional domestic responsibilities compared to fathers or non-parents. Notably, when women are framed as breadwinners rather than caregivers, they do not experience a motherhood penalty. However, this line of research largely focuses on the experiences of White women and is lacking an intersectional approach. Using an experimental research design, I examined how candidate race and parenthood impacted breadwinner perceptions and …

Examining Empathy And Advocacy Competencies In Professional School Counselors, Amanda Winburn, Alex Kerwin, Amy King, Maegan Johnson Tatum

Journal of Counseling Research and Practice

In this quantitative study, the relationship between levels of empathy and perceptions of advocacy competencies among a national sample of professional school counselors are examined. Results of this study indicate there is a statistically significant relationship between school counselor’s level of empathy according to the Empathy Assessment Index (EAI) and level of advocacy according to the Advocacy Competencies Self-Assessment (ACSA). Professional implications as well as implications for training future school counselors are explored.

Cross-Cultural Supervision: Racial/Ethnic Minority Supervisees' Perspectives, Hansori Jang, Na Mi Bang, Janice A. Byrd, Carol K. Smith

Journal of Counseling Research and Practice

Examining the clinical supervision experiences of minority supervisees with different backgrounds than their White supervisors is essential. Weak supervisory relationships can adversely affect a supervisee’s professional competency, which in turn can negatively influence the client. This study explored the experiences of ten Racial/ethnic minority supervisees in a cross-cultural supervision setting. Using consensual qualitative research (CQR), three domains emerged: (a) cultural sensitivity, (b) cultural competency, and (c) relationship building. The outcome of this study highlights the types of training in counselor education that supervisors should consider when working with supervisees from different cultural backgrounds.