1,277 research outputs found
Taylor University Catalog 2023-2024
The 2023-2024 academic catalog of Taylor University in Upland, Indiana.https://pillars.taylor.edu/catalogs/1128/thumbnail.jp
Why Legal Immigration Is Nearly Impossible: U.S. Legal Immigration Rules Explained
America traditionally had few immigration restrictions, but since the 1920s, the law has banned most aspiring immigrants. Today, fewer than 1 percent of people who want to move permanently to the United States can do so legally. Immigrants cannot simply get an exception to immigrate any more than restaurateurs in the 1920s could simply get an exception to sell alcohol. Instead, just as Prohibition granted only a few exemptions for religious, industrial, or medical uses of alcohol, people seeking an exception to immigration prohibition must also fit into preexisting carve??outs for a select few.This study provides a uniquely comprehensive, jargon??free explanation of U.S. rules for legal permanent immigration. Some steps are simple and reasonable, but most steps serve only as unjustified obstacles to immigrating legally. For some immigrants, this restrictive system sends them into the black market of illegal immigration. For others, it sends them to other countries, where they contribute to the quality of life in their new homes. And for still others, it requires them to remain in their homeland, often underemployed and sometimes in danger. Whatever the outcome, the system punishes both the prospective immigrants and Americans who would associate, contract, and trade with them. Congress and the administration can do better, and this paper explains how
Towards a Peaceful Development of Cyberspace - Challenges and Technical Measures for the De-escalation of State-led Cyberconflicts and Arms Control of Cyberweapons
Cyberspace, already a few decades old, has become a matter of course for most of us, part of our everyday life. At the same time, this space and the global infrastructure behind it are essential for our civilizations, the economy and administration, and thus an essential expression and lifeline of a globalized world. However, these developments also create vulnerabilities and thus, cyberspace is increasingly developing into an intelligence and military operational area – for the defense and security of states but also as a component of offensive military planning, visible in the creation of military cyber-departments and the integration of cyberspace into states' security and defense strategies. In order to contain and regulate the conflict and escalation potential of technology used by military forces, over the last decades, a complex tool set of transparency, de-escalation and arms control measures has been developed and proof-tested. Unfortunately, many of these established measures do not work for cyberspace due to its specific technical characteristics. Even more, the concept of what constitutes a weapon – an essential requirement for regulation – starts to blur for this domain. Against this background, this thesis aims to answer how measures for the de-escalation of state-led conflicts in cyberspace and arms control of cyberweapons can be developed. In order to answer this question, the dissertation takes a specifically technical perspective on these problems and the underlying political challenges of state behavior and international humanitarian law in cyberspace to identify starting points for technical measures of transparency, arms control and verification. Based on this approach of adopting already existing technical measures from other fields of computer science, the thesis will provide proof of concepts approaches for some mentioned challenges like a classification system for cyberweapons that is based on technical measurable features, an approach for the mutual reduction of vulnerability stockpiles and an approach to plausibly assure the non-involvement in a cyberconflict as a measure for de-escalation. All these initial approaches and the questions of how and by which measures arms control and conflict reduction can work for cyberspace are still quite new and subject to not too many debates. Indeed, the approach of deliberately self-restricting the capabilities of technology in order to serve a bigger goal, like the reduction of its destructive usage, is yet not very common for the engineering thinking of computer science. Therefore, this dissertation also aims to provide some impulses regarding the responsibility and creative options of computer science with a view to the peaceful development and use of cyberspace
System-wide stress testing & systemic risk
The financial crisis of 2007-2009, which brought the entire system at the brink of collapse, renewed efforts to guard against financial instability. A key pillar of the post-crisis regulatory toolkit is "stress testing". Stress tests provide a forward-looking examination of firms’ potential losses during severely ad- verse conditions. And enable timely action to recapitalise those firms who experience capital shortfalls in such crisis scenarios. Today’s regulatory stress tests do not heed the key lesson of the financial crisis: amplifications in the networked financial system must be taken into account to be able to assess systemic risk. Because of this, these tests are unable to assess systemic risk and ergo to address it – defeating their raison d’ˆetre.
The overarching research question in this thesis is whether new building blocks – expressing the heterogeneity of institutions, contracts, markets, constraints and behaviour in the interconnected financial system – can be supplied for system-wide stress tests to better capture the endogenous amplification of shocks in order to improve the assessment of systemic risk and the evaluation of prudential policies to address financial fragility.
The cornerstone of my thesis is the development of a generic network-based method, comprised of these five building blocks (i.e. institutions, contracts, markets, constraints and behaviour), for system-wide stress testing – which has gained traction from leading central banks, including the Bank of England and the European Central Bank. Using this method, I implement two data-driven models to address some of the most salient financial stability questions of today. First, we ask how the regulatory buffer size and its usability under Basel III affect systemic risk? We find that financial resilience decreases if regulatory buffers are seen to be less usable by banks. If regulatory buffers are not treated as usable, then regulatory buffers de facto act as capital requirements. In such case, if an adverse shock threatens an institution to breach its capital buffers constraints, it is forced to delever, which tends to have a destabilising effect on the financial markets. We show that the size of usable regulatory buffers that is required to maintain stability is underestimated if the interaction between exposure loss contagion, funding contagion, overlapping portfolio contagion and margin call contagion is not taken into account. Second, we inquire what the systemic implications are of the bail-in design to resolve systemically important banks? First of all, we find that the bail-in design tremendously matters for whether bail-ins can be credibly executed in system-wide financial crises and cases of large systemically impor- tant bank failures, without significantly exacerbating financial distress. Our results demonstrate that an early bail-in, strong recapitalisation and fair distribution of equity compensation by means of debt-to-equity conversion rates makes bail-in a feasible option on the table for idiosyncratic cases of bank failure and limits – but not eliminates – contagion in cases of system-wide distress. We further show that excluding run-prone, short-term debt from the application of the bail-in tool, increasing the requirements on loss absorbing debt and providing investors with certainty about the bail-in design lowers contagion in system-wide crises to manageable levels. Our findings highlight that while well-designed bail-ins could be credibly administered in system-wide crises, it is not clear that the current bail-in design is in the regime of stability. Altogether, the methods and findings of this thesis emphasise the promise that system-wide stress tests hold for regulators to efficaciously assess systemic risk and calibrate prudential policies constituting the financial architecture
Bridging the Gaps: Connecting Research Streams in Organizational Network Research
Apart from an introduction and conclusion, the present dissertation consists of four chapters in the form of three research papers and one essay. Each of these chapters revolves around organizational networks and attempts to bring research streams together that deal with the same – or similar – phenomena, yet are largely disjunct. In that sense, each chapter is attempting to bridge gaps. The first of these chapters investigates partner selection in business ecosystems and brings together the ecosystem and network literature. Second is an essay which introduces four new effects to a popular method for analyzing network dynamics, bringing together management science and mathematics. Third is a research paper analyzing the interdependence between corporate strategic actions and board interlock networks, bringing together the antecedents and outcomes of the latter. And finally, the fourth of these chapters brings together director- and firm-level research on board interlock networks by estimating the formation of such a network when introducing both levels into a stochastic model. The dissertation advances our understanding of organizational networks and the methods we can use to learn about them
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