Money Markets

2016 ◽  
pp. 216-239
Author(s):  
Stefano Battilossi
Keyword(s):  
New York ◽  
Financial Stability ◽  
Lender Of Last Resort ◽  
Policy Makers ◽  
Money Markets ◽  
The Us ◽  
The Usa ◽  
Market Stabilization ◽  
National Banking Era ◽  
Central Bankers

The notion that money markets were essential for smooth working of the economy but exposed to liquidity shocks was a key lesson banking theorists and central bankers learnt from panics of the nineteenth century. This chapter deals with the historical experience of money market stabilization in Britain and the USA. Since the 1860s, the London market, based on specialized intermediaries (discount houses) trading mainly in banker acceptances and with regular access to the Bank of England as a lender of last resort, achieved an admired record of financial stability. In contrast, the New York market, operating essentially as an inter-bank reserve system with no central bank until 1913, was the epicenter of several disruptive crises during the National Banking era. In the interwar period, the attempt by US policy makers to transplant British institutions into the US financial system had only partial success in preventing new episodes of financial instability.

scholarly journals Workplace smoking restrictions and support for smoking cessation in the USA: state, region, and overall trends from 2010–11 to 2014–15

2019 ◽  
Vol 14 (4) ◽  
pp. 211-220
Author(s):  
Yujiao Mai ◽  
Trung Ha ◽  
Julia N. Soulakova
Keyword(s):  
New York ◽  
Smoking Cessation ◽  
Population Survey ◽  
Us States ◽  
Smoking Restrictions ◽  
Smoking Policies ◽  
The Us ◽  
The Usa ◽  
Workplace Smoking ◽  
State Region

AbstractWe discuss the most recent changes in smoking policies and support for smoking cessation offered to smokers at US workplaces. We used reports of employed adults (n = 112,008) regarding smoking restrictions and support for smoking cessation offered at their indoor workplaces from the 2010–11 and 2014–15 Tobacco Use Supplement–Current Population Survey. The percentage of adults who reported having workplace smoking restrictions was 94% in 2010–11 and 93% in 2014–15 (P = 0.001). There was a decrease in the Northeastern region (P < 0.001) and no significant changes in the other three US regions. The percentages decreased in Hawaii, New York, Oregon, Pennsylvania, and Tennessee and increased in Indiana, Nebraska, and Wyoming. The percentage of employees who reported having workplace support for smoking cessation increased from 24% to 29% (P < 0.001), which was uniform across all US regions but differed across the US states. The percentages decreased in Hawaii and increased in the majority of states. Analysis of smokers' reports (versus all reports) resulted in lower percentages of workplaces with smoking restrictions and support for smoking cessation. It is essential to further enhance support for smoking cessation offered to smokers at US workplaces.

scholarly journals My Trouble with Queer

2013 ◽  
Vol 10 (1) ◽  
pp. 129-131
Author(s):  
Roman Kuhar
Keyword(s):  
New York ◽  
Queer Theory ◽  
San Francisco ◽  
Coming Out ◽  
The European Union ◽  
Gay Male ◽  
The Us ◽  
The Usa ◽  
Male Experience ◽  
Gay Movement

Gay Bosnians are struggling with the (US-based) concept of ‘coming out’. Homosexuality here is shameful and is only possible when it is secret, hidden, anonymous. My problem with queer theory and activism is not the theory itself. Indeed queer theory’s most important contribution is to disclose how the gay movement of the 1970s and 1980s only dealt with white gay male experience, thus centralising some identities and marginalising others. However my problem (or, to be more exact, my concern or maybe my own ignorance) is how to translate queer theory into the practice of everyday politics, especially in thepostwar areas of the former Yugoslavia. As yet, it seems that the (radical) US queer model does not translate well into those societies on the doorstep of the European Union (EU). Even so, as someone at the Queer Zagreb conference mentioned, New York and San Francisco are not the USA, which means that ‘queering’ in some other parts of the country would provoke similar hostile reactions, or, to put it differently, one can find Bosnia in many parts of the USA. The million-dollar question, therefore, is how to translate the queer sensibility of identities into policy papers and government resolutions.

scholarly journals Invisible inequality leads to punishing the poor and rewarding the rich

2019 ◽  
pp. 1-21 ◽  
Author(s):  
OLIVER P. HAUSER ◽  
GORDON T. KRAFT-TODD ◽  
DAVID G. RAND ◽  
MARTIN A. NOWAK ◽  
MICHAEL I. NORTON
Keyword(s):  
New York ◽  
Public Education ◽  
School Districts ◽  
New York School ◽  
Public Goods Game ◽  
Policy Makers ◽  
The Poor ◽  
The Us ◽  
The Rich ◽  
Shed Light

AbstractFour experiments examine how lack of awareness of inequality affect behaviour towards the rich and poor. In Experiment 1, participants who became aware that wealthy individuals donated a smaller percentage of their income switched from rewarding the wealthy to rewarding the poor. In Experiments 2 and 3, participants who played a public goods game – and were assigned incomes reflective of the US income distribution either at random or on merit – punished the poor (for small absolute contributions) and rewarded the rich (for large absolute contributions) when incomes were unknown; when incomes were revealed, participants punished the rich (for their low percentage of income contributed) and rewarded the poor (for their high percentage of income contributed). In Experiment 4, participants provided with public education contributions for five New York school districts levied additional taxes on mostly poorer school districts when incomes were unknown, but targeted wealthier districts when incomes were revealed. These results shed light on how income transparency shapes preferences for equity and redistribution. We discuss implications for policy-makers.

Library advocacy starts at home

2005 ◽  
Vol 18 (3) ◽  
pp. 110-111 ◽  
Author(s):  
Michael Borges
Keyword(s):  
New York ◽  
Best Practices ◽  
Public Libraries ◽  
Action Plan ◽  
The State ◽  
Policy Makers ◽  
Content Type ◽  
Web Resource ◽  
Library Users ◽  
The Usa

PurposeTo give a quick and easy approach to library advocacy, with regard to the ongoing needs of keeping in touch with stakeholders due to poor or reducing government funding for public libraries, librarians are in the situation of having to advocate in new and different ways.Design/methodology/approachGiven the state of New York and federal funding, this approach explores the best practices that anyone can apply to approach stakeholders and policy makers for more funding.FindingsFunding for libraries in the USA is often tied to “who” the library knows and this article gives a direct “how to” approach that can be used throughout the local, state or federal lobbying process. Especially in meeting the sophisticated demands of library users, this approach ties funding to patron activities, such as reading, electronic resources and programming.Originality/valueThis snapshot on advocacy can give those in the front lines or new to the advocacy process a way to start thinking in new ways to getting an advocacy action plan in place. A web resource of state activities in the State of New York offers resources on advocacy, specifically targeted to library advocates. Other benefits include developing messages and building coalitions.

scholarly journals Transformation of the Latino image in Western culture (based on the analysis of American mass media)

2020 ◽  
Vol 2 (4) ◽  
pp. 28-42
Author(s):  
E. S. Golousova
Keyword(s):  
New York ◽  
Digital Media ◽  
Rapid Development ◽  
Real Life ◽  
New York Times ◽  
Political Life ◽  
Active Involvement ◽  
The Us ◽  
The Usa ◽  
The Media

With rapid development of Latino communities and their members’s active involvement in the US social and political life the attitudes toward Latinos (Hispanics) have changed, both from the outside and the inside. The Latino people themselves came to realize their self-identification and, consecutively, the portrayal of Latinos in the media has been altered. In this paper the author argues, that the range of Latino stereotypes has become wider today and that the model that used to work decades ago in picturing Latino migrants is no longer relevant. Thus, the main goal of the study is to mark out and describe the changes that have occurred in the US media regarding the images of ‘Latinos’ (/Latinas). Comparative analysis is the key method in addition to the content analysis of media publications. The empirical basis consists of 80 publications, including digital media footage, published in 2016-2020 (both in English and Spanish languages) – such as the New York Times, The Time, The Washington Post, El Opinion, etc. These newspapers and magazines are considered to be highly influential as they set the agenda, shape the opinion and affect public consciousness. The material of the study also comprises 20 TV episodes related to the coverage of Hispanic issues in the USA. Having analyzed the media content related to the Latino issue (mainstream media, online sources, TV footage), the author comes to a conclusion that the number of roles that are attributed to the Latinos/Latinas has increased significantly and the today’s narrative to a larger degree is aligned with the changes occurring in real life of the Latino community.

scholarly journals «NEW YORK TIMES» AND THE CHINESE CRISIS OF 1931

2020 ◽  
Vol 2 (3) ◽  
pp. 61-69
Author(s):  
S.O. Buranok ◽  
Keyword(s):  
United States ◽  
New York ◽  
New York Times ◽  
The United States ◽  
Warring States ◽  
The Pacific ◽  
The Us ◽  
American Press ◽  
The Usa ◽  
The Pacific Ocean

The article is devoted to the problem of formation of approaches and assessments of the Chinese crisis of 1931 in the US press; it is based on the materials of both Democratic and Republican press of the USA. The materials of the American press of 1931 dedicated to the search for the most efficient optimal strategy of building relations with China and Japan demonstrate a steady interest of American mass media towards negative and positive experience of Asianpolicy. In the course of a difficult search of an optimal view on crisis, several polar points of view were formulated in the American press. A study of daily newspapers and analytical magazines in the United States shows that in the fall of 1931 two approaches to the «Chinese incident» were formed: isolationist and internationalist. In the fall of 1931, the US periodicals did not yet have the idea of “saving China”, which became popular during the second Sino-Japanese war. The journalists and editors viewed a tacit and indirect support for the Japanese claims as only significant model for solving the «China problem». Thus, the study of the positions of the major American press and the most prominent journalists is important for understanding how the USA, after the Chinese crisis, gradually realized its place in the new system of international relations. In addition, the press shows how the United States planned to develop interaction with the warring states in the Pacific Ocean.

Low inflation dilemma deepens for central banks

2017 ◽  
Keyword(s):  
Financial Stability ◽  
Exchange Traded Funds ◽  
Content Type ◽  
Sovereign Bonds ◽  
The Us ◽  
Jackson Hole ◽  
Pricing Power ◽  
Impact Of Technology ◽  
The Impact ◽  
Central Bankers

Subject Review of central bankers' annual Jackson Hole retreat. Significance At their annual retreat in Jackson Hole, the tension between threats to financial stability and subdued inflation posed an acute dilemma for the world’s leading central bankers. Despite robust euro-area growth and steady US expansion, inflation remains below the 2% targets of the US Federal Reserve (Fed) and the ECB. The cyclical and structural forces suppressing inflation, including slack in Europe’s labour market and the impact of technology on pricing power, vie with lofty asset prices as the key determinants of the timing and pace of monetary stimulus withdrawal. Impacts The euro-dollar rate is at its highest since 2015, threatening growth and posing a dilemma as policy withdrawal speculation drives the euro. Escalating tensions on the Korean peninsula are fuelling market volatility, pushing down yields on 10-year German and US sovereign bonds. Outflows from highly speculative exchange traded funds have increased recently, and capital flows to emerging markets will remain volatile.

Categories of incubator success: a case study of three New York incubator programmes

2015 ◽  
Vol 12 (1) ◽  
pp. 2-12 ◽  
Author(s):  
Hanadi Mubarak Al-Mubaraki ◽  
Ali Husain Muhammad ◽  
Michael Busler
Keyword(s):  
New York ◽  
Dynamic Models ◽  
Smart Growth ◽  
Value Added ◽  
Policy Makers ◽  
Content Type ◽  
Start Up ◽  
The Usa ◽  
Research Findings

Purpose – The purpose of this paper is to investigate and identify three categories of incubators in the USA located in New York (NY). The incubator categories are: technology commercialisation; economic development; and entrepreneurship. Design/methodology/approach – The study uses a qualitative approach based on interviews concerning three incubator programmes selected for their successful outcomes. Findings – The research findings suggest four priorities for incubators: to be dynamic models of self-sustainable, efficient business development; to provide helpful tools for generating jobs; to foster and support enterprise and innovation to create the best environment for the start-up and smart growth of businesses; and to support value-added businesses through various means, such as developing the region’s science parks and R&D centres, improving collaboration between universities, and supporting business investment and growth. Originality/value – The research adds value to academicians and practitioners such as government, funded organisations, institutions and policy makers.

Portfolio diversification during monetary loosening policy

2015 ◽  
Vol 16 (2) ◽  
pp. 197-214
Author(s):  
Kamil Makiel
Keyword(s):  
Financial Stability ◽  
Mining Industry ◽  
Portfolio Risk ◽  
New Approach ◽  
Content Type ◽  
Market Portfolio ◽  
The Us ◽  
The Usa ◽  
The Impact ◽  
A Company

Purpose – The purpose of the paper is to analyze the impact of quantitative easing (QE) performed in the USA on relationship between assets mainly from mining and oil industries. Based on the empirical results, the method of diversified portfolio creation has been proposed. Design/methodology/approach – Nine DCC-GARCH-type models have been estimated for each group centered around a main asset: a company from the oil or mining industry, the appropriate currency pair for its market of origin, commodities which could be used for the diversification of risk involved in investing in a portfolio containing the company, and the largest company from the same industry listed on the US market. Each series of conditional correlations was analyzed with regard to the changes that occurred during the various stages of QE. Findings – The correlations are shown to be stabilizing in the successive stages of QE. The most significant changes in the distribution of correlations can be observed after the first stage of QE. The effects of QE are evident not only in the USA but also in other countries; however, the level of its influence varies between different markets and assets. It is possible to diversify the inflation, currency and market portfolio risk by appropriately chosen asset decomposition. Research limitations/implications – The DCC model is limited, so to provide more precise results, more sophisticated models can be estimated and compared. Practical implications – The paper investigate the fact of stabilization in financial markets relations. The findings may prove the validity of continuation of QE. A portfolio creation method has been proposed – it has been stated that including commodity in portfolio is more appropriate then only-bond–equity mix. Originality/value – The new approach of analyzing financial stability has been proposed – the control for stability of conditional correlation.

scholarly journals Bagehot for Central Bankers

2021 ◽  
Author(s):  
Laurent Le Maux ◽  
Keyword(s):  
Banking System ◽  
Clear Understanding ◽  
Lender Of Last Resort ◽  
Policy Makers ◽  
Famous Book ◽  
Penalty Rate ◽  
Institutional Features ◽  
Central Bankers

Walter Bagehot (1873) published his famous book, Lombard Street, almost 150 years ago. The adage “lending freely against good collateral at a penalty rate” is associated with his name and his book has always been set on a pedestal and is still considered as the leading reference on the role of lender of last resort. Nonetheless, without a clear understanding of the theoretical grounds and the institutional features of the British banking system, any interpretation of Bagehot’s writings remains vague if not misleading—which is worrisome if they are supposed to provide a guideline for policy makers. The purpose of the present paper is to determine whether Bagehot’s recommendation remains relevant for modern central bankers or whether it was indigenous to the monetary and banking architecture of Victorian times.

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