scholarly journals International Real Estate Review

2007 ◽  
Vol 10 (1) ◽  
pp. 171-212
Author(s):  
Man Cho ◽  

This study is structured around two objectives: surveying the 180 years’ evolution of the US mortgage intermediation system (MIS); and, extracting the lessons to be learned by emerging mortgage markets. To that end, I first discuss three pillars of a well-functioning MIS as a conceptual underpinning - intermediation efficiency, affordability enhancement, and risk management. The historical survey proceeds based on four reasonably distinct time periods – (1) the era of exploration (pre-1930s or pre-Great Depression era), (2) the era of institutionalization (1930s to 1960s), (3) the era of market-making (1970s and 1980s), and (4) the era of expansion and efficiency gain (1990s to Present). Based on the survey done, the lessons for other countries are organized under five topics: developing conforming mortgage product and market; extending the service to nonconforming segments; managing default and prepayment risks; managing systemic risk; and, developing an efficient intermediation process. The concluding remarks in the final section comprise the issue of right sequencing: that is, through what steps an MIS in a given country can be evolved toward a more market-based one that can deliver a higher degree of consumer welfare.

2014 ◽  
Vol 4 (1) ◽  
Author(s):  
Hao Meng ◽  
Wen-Jie Xie ◽  
Zhi-Qiang Jiang ◽  
Boris Podobnik ◽  
Wei-Xing Zhou ◽  
...  

2007 ◽  
Vol 32 (3) ◽  
pp. 319-340 ◽  
Author(s):  
Nancy Ettlinger

Departing from tendencies to bound precarity in particular time periods and world regions, this article develops an expansive view of precarity over time and across space. Beyond effects of specific global events and macroscale structures, precarity inhabits the microspaces of everyday life. However, people attempt to disengage the stress of precarious life by constructing the illusion of certainty. Reflexive denial of precarious life entails essentialist strategies that implicitly or explicitly classify and homogenize people and phenomena, legitimize the constructed boundaries, and in the process aim at eliminating difference and possibilities for negotiation; the tension between these goals and material realities helps explain misrepresentations that can be catastrophic at multiple scales, re-creating precarity. Reactions to 9/11 by the Bush administration represent a case in point of reflexive denial of precarity through strategies that created illusions of certainty with deleterious results. Normatively, the paradox of precarious life and reflexive denials prompts questions as to how urges for certainty in the context of precarity might be constructively channeled. the author approaches this challenge in the final section by drawing from a nexus of concerns about post-Habermasian radical democracy, individual thought and feeling, and network dynamics. Whereas Hardt and Negri reverse the direction of the Foucauldian concept of biopower from top-down to bottom-up, the author draws from Foucault's concept of governmentality in relation to resistance to imagine a cooperative politics operating within as well as across scales.


2021 ◽  
pp. 186-213
Author(s):  
David Lugowski

This chapter explores a queer all-male dance lesson for partnered sailors in the Fred Astaire–Ginger Rogers musical Follow the Fleet (1936), using archival research (scripts, Production Code Administration records) and comparative textual and contextual analysis. It raises the queerness of Rogers and Astaire before exploring two intersecting axes. The association of sailors with queer behavior and effeminate “pansies” occurs in military scandals, paintings, and Depression-era Hollywood films, including Sailor’s Luck and Son of a Sailor (both 1933). The queerness of male same-sex dancing arises in ballet and in film, including Suicide Fleet (1931). Various institutions criticized or attempted to censor such representations, but they also found acceptance. The US Navy, for example, wanted the comical dance lesson removed from Fleet; instead, it was only rewritten, suggesting the inability to remove queerness from culture and its essential role in mass entertainment.


2018 ◽  
Vol 61 ◽  
pp. 175-203 ◽  
Author(s):  
N.E. Shasore

AbstractThis article provides the first account of key texts and concepts in the theory and criticism of Arthur Trystan Edwards. Edwards's notion of ‘civic design’, which emanated from the Liverpool School of Architecture in the second decade of the twentieth century, was part of a broader international trend (particularly in the US and Europe) towards formal, axial and monumental planning. Edwards imbued civic design with a philosophical and political sophistication that set him apart from many of his non-Modernist contemporaries. The article discusses the underlying precepts — such as ‘subject’, ‘form’, ‘urbanity’ and ‘manners’ — in some of Edwards's critical texts, including Good and Bad Manners in Architecture (1924). The final section traces his pioneering interest in high-density, low-rise housing, which culminated with the establishment of the Hundred New Towns Association in 1933–34.


Author(s):  
Hannah S. Schwadron

This paper addresses the subjects of dance and exile in relation to diverse cultural histories in Germany and their resonances across distinct time periods. As my central example, I introduce Dancing Exile, an ongoing improvisation and performance project developed across borders, cultures, and experiences. The project underscores the work of political and artistic representation past and present in Hamburg, by looking at the lives of contemporary refugees alongside earlier Jewish holocaust histories tied to the cityscape. Sharing the collaborative work of performers from Afghanistan, Germany, and the US, including myself, I discuss the aesthetic and social dynamics of this ongoing creative project in relation to questions of migration, mobility, relationship, and exchange.


2005 ◽  
Vol 35 (8) ◽  
pp. 2056-2064 ◽  
Author(s):  
Roger Brown ◽  
Daowei Zhang

Using survey data and an equilibrium displacement model, we estimate the market and economic impacts of the American Forest and Paper Association's Sustainable Forestry Initiative (SFI) on stumpage markets in the US South. We examine four timber product markets: softwood pulpwood, softwood sawtimber, hardwood pulpwood, and hardwood sawtimber. In each market we calculate changes in producer and consumer welfare using the equilibrium displacement model that accounts for reductions in timber inventories caused by SFI compliance. We find that SFI compliance costs the US South's economy about $36 million annually. SFI-compliant stumpage producers lose more than $33 million each year in producer surplus as a result of SFI compliance, and consumers lose about $12 million annually in consumer surplus due to higher product prices. These costs are offset partially by benefits to nonindustrial private forest producers, non-SFI-compliant industry producers, and public forest producers, who collectively gain about $10 million in producer surplus annually as a result of higher stumpage prices.


Author(s):  
Aviral Kumar Tiwari ◽  
Juncal Cunado ◽  
Rangan Gupta ◽  
Mark E. Wohar

Abstract This paper analyzes the relationship between stock returns and the inflation rates for the UK over a long time period (February 1790–February 2017) and at different frequencies, by employing a wavelet analysis. We also compare the results for the UK economy with those for the US and two developing countries (India and South Africa). Overall, our results tend to suggest that, while the relationship between stock returns and inflation rates varies across frequencies and time periods, there is no evidence of stock returns acting as an inflation hedge, irrespective of whether we look at the two developed or the two developing markets in our sample.


Author(s):  
Andrew Smithers

The volume of the capital stock is defined as the original cost at constant prices of all tangible capital that has not been scrapped. Due to the poor data available for the UK my calculations and testing have had to be limited to the US. The volume of labour is defined as civilian employment. Quality improvements for both labour and capital are defined as being part of TFP. TFP is under conditions of full employment and must therefore be measured over long time periods. All growth comes from TFP, changes in labour and NTVs. The change in the volume of capital less the change in the volume of labour equals the change in NTVs and the balance is that from changes in technology (TFP). NTV is exogenous in aggregate. The value of the capital stock, but not its volume, is mean-reverting.


2020 ◽  
pp. 227-254
Author(s):  
Chelsea Stieber

This chapter considers the National Revolution in 1920s and ‘30s Haiti under the US occupation. The first two sections excavate the heritage of Haiti’s occupation-era far-right nationalism by analyzing the little-studied literary magazine Stella (Cap-Haïtien, 1926–1930). It highlights the poetry and prose works published in the magazine, which the writers situated within the longer Haitian tradition of nationalist, Dessalinean intellectual production: that in order for the nation to heal and achieve unity, it was necessary to plumb the depths of Haiti’s original fractures, its deepest wounds. Yet if the Stella writers placed themselves within an intellectual heritage, they also saw themselves forging a new, radical path for the post-occupation future. A final section argues that Stella’s nationalist writers once again evoked the fracture of 1804/1806—not to mend Haiti’s foundational fractures, but to definitively reject the liberalism of 1806.


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