scholarly journals Historically Illustrating the Shift to Neoliberalism in the U.S. Home Mortgage Market

Societies ◽  
2019 ◽  
Vol 9 (1) ◽  
pp. 6 ◽  
Author(s):  
Ivis García
Keyword(s):  
Mortgage Market ◽  
Historical Case Study ◽  
Housing Crisis ◽  
Historical Case ◽  
Savings And Loans ◽  
New Policies ◽  
Home Mortgage ◽  
Oil Crises ◽  
Building Societies ◽  
The U.S

This article takes a long view of the U.S. housing market; from its inception as locally owned and operated Building Societies, through one of the first major U.S. housing crises in the early 1930s, as well as through the prosperous and surprisingly stable post-WWII era the so-called “Long Boom” during Keynesianism. As labor shortages became more severe, accompanied by stagflation and the simultaneous urban, fiscal, and oil crises of the late 60s and early 70s, key sectors of the U.S. economy rallied to dismantle established Keynesian policies. While the new policies associated with laissez–faire economic liberalism certainly aided in the mobility of capital, the overall economy as a result of this neoliberal turn became increasingly unstable and inequitable. This article seeks to add knowledge to the neoliberalism theory. The author concludes, based on a historical case study of the Savings and Loans industry, that neoliberalism was not a deterministic overthrow of neoliberal ideologues but a haphazard response to the contradictions of Keynesian logic. It is only from a historical approach that we may be able to understand the current housing crisis, foster policy innovation, and allow for institutional change within the U.S. mortgage market sector.

Evaluating Oversight of Human Drugs and Medical Devices: A Case Study of the FDA and Implications for Nanobiotechnology

2009 ◽  
Vol 37 (4) ◽  
pp. 598-624 ◽  
Author(s):  
Jordan Paradise ◽  
Alison W. Tisdale ◽  
Ralph F. Hall ◽  
Efrosini Kokkoli
Keyword(s):  
Medical Devices ◽  
Case Law ◽  
Expert Elicitation ◽  
Historical Case Study ◽  
Case Study Approach ◽  
Historical Case ◽  
Study Approach ◽  
Multiple Assessment ◽  
The U.S

This article evaluates the oversight of drugs and medical devices by the U.S. Food and Drug Administration (FDA) using an integration of public policy, law, and bioethics approaches and employing multiple assessment criteria, including economic, social, safety, and technological. Throughout, assessments employing both the multiple criteria and a method of expert elicitation are combined with the existing literature, case law, and regulations providing an integrative historical case study approach. The goal is to provide useful information from multiple disciplines and perspectives to guide discussions regarding appropriate oversight frameworks for nanobiotechnology applications under the FDA’s purview.

scholarly journals Regulating Household Leverage

2019 ◽  
Author(s):  
Anthony A Defusco ◽  
Stephanie Johnson ◽  
John Mondragon
Keyword(s):  
Interest Rates ◽  
Agency Costs ◽  
Third Parties ◽  
Mortgage Market ◽  
Housing Crisis ◽  
Demand Elasticities ◽  
Market Friction ◽  
Default Rates ◽  
The Cost ◽  
The U.S

Abstract This article studies how credit markets respond to policy constraints on household leverage. Exploiting a sharp policy-induced discontinuity in the cost of originating certain high-leverage mortgages, we study how the Dodd–Frank “Ability-to-Repay” rule affected the price and availability of credit in the U.S. mortgage market. Our estimates show that the policy had only moderate effects on prices, increasing interest rates on affected loans by 10–15 basis points. The effect on quantities, however, was significantly larger; we estimate that the policy eliminated 15% of the affected market completely and reduced leverage for another 20% of remaining borrowers. This reduction in quantities is much greater than would be implied by plausible demand elasticities and indicates that lenders responded to the policy not only by raising prices but also by exiting the regulated portion of the market. Heterogeneity in the quantity response across lenders suggests that agency costs may have been one particularly important market friction contributing to the large overall effect as the fall in lending was substantially larger among lenders relying on third-parties to originate loans. Finally, while the policy succeeded in reducing leverage, our estimates suggest this effect would have only slightly reduced aggregate default rates during the housing crisis.

Suppressing Black Votes: A Historical Case Study of Voting Restrictions in Louisiana

2021 ◽  
Vol 115 (2) ◽  
pp. 694-700
Author(s):  
LUKE KEELE ◽  
WILLIAM CUBBISON ◽  
ISMAIL WHITE
Keyword(s):  
Time Series Data ◽  
Voter Registration ◽  
Series Data ◽  
Historical Case Study ◽  
Historical Case ◽  
Southern States ◽  
Local Officials ◽  
Data Source ◽  
Eligibility Requirements ◽  
State Restrictions

Southern states have used a variety of methods to disenfranchise African American voters. Empirical data on the effectiveness of these measures is rare. We present a unique data source from Louisiana that allows us to empirically document voter registration rates from the end of Reconstruction to the present. Using basic time series data, we document how voter registration rates changed over time in response to state restrictions. We then conduct a second analysis, which focuses on Louisiana’s use of the Understanding Clause to reduce voter registration among Blacks. We show that in parishes that used the Understanding Clause, Black registration rates dropped by nearly 30 percentage points, with little effect on white registration. The findings of this paper have important implications for understanding the potential for discrimination in the enforcement of modern, ostensibly nonracial, voter eligibility requirements, such as voter ID laws, which grant substantial discretion to local officials in determining voter eligibility.

Leading through ritual: Ceremony and emperorship in early modern China

Leadership ◽  
2017 ◽  
Vol 14 (4) ◽  
pp. 435-459 ◽  
Author(s):  
Gazi Islam ◽  
Macabe Keliher
Keyword(s):  
Early Modern ◽  
Analogical Reasoning ◽  
Modern China ◽  
Historical Case Study ◽  
Historical Case ◽  
Ritual Performance ◽  
The Qing Dynasty ◽  
Structural Aspects ◽  
Institutional Order

Ritual performance is well understood in organizational maintenance. Its role in leadership and processes of change, however, remains understudied. We argue that ritual addresses key challenges in institutionalizing leadership, particularly in fixing the relation between a charismatic leader and formal governance structures. Through a historical case study of the institutionalization of the emperor in Qing China (1636–1912), we argue that the shaping of collective understandings of the new emperor involved structural aspects of ritual that worked through analogical reasoning to internalize the figure of the leader through focusing attention, fixing memory, and emotionally investing members in the leader. We argue that data from the Qing dynasty Board of Rites show that ritual was explicitly designed to model the new institutional order, which Qing state-makers used to establish collective adherence to the emperorship. We further discuss the implications of this case for understanding the symbolic and performative nature of leadership as an institutional process.

From Souqs to Emporiums: The Urban Transformation of Abu Dhabi

2013 ◽  
Vol 38 (4) ◽  
pp. 58-69
Author(s):  
Yasser Elsheshtawy
Keyword(s):  
Urban Growth ◽  
World Trade Center ◽  
Historical Analysis ◽  
Primary Sources ◽  
Historical Case Study ◽  
Urban Centers ◽  
Historical Case ◽  
Study Approach ◽  
Trade Center

This paper in its first part aims at contextualizing Abu Dhabi's urban development and understanding the factors that have governed its urban growth through a historical case study approach. Relying on archival records and primary sources five stages of urban growth are identified. Data mining of media archives allows for a first hand account of developments taking place thus grounding the depictions. The second part contextualizes this review through a case study of the Central Market project — also known as Abu Dhabi's World Trade Center. The paper concludes by elaborating on the significance of such a historical analysis as it shifts the discourse away from a focus on the ‘artificiality’ of cities in the Gulf to one that is based on a recognition about the historicity of its urban centers, however recent it may be. Additionally the pertinence of such an analysis for cities worldwide is discussed as well.

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