Saving Kuwait's assets

Article Abstract:

The Office of Foreign Assets Control (OFAC) of the US Treasury quickly planned the freeze of Iraqi and Kuwaiti assets under Executive Orders (EO) 12722 and 12723 in the initial hours of the Iraqi invasion on Aug 2, 1990. Using data smuggled from Kuwait, OFAC was able to separate government concerns that would be allowed to operate from those that were to remain blocked. EO's 12724 and 12725 brought the US into accord with UN Resolution 661, blocking assets and enforcing the international embargo of Iraq and occupied Kuwait.

International trade, United States foreign relations, Economic sanctions, Sanctions (International law), Powers and duties, Iraq, Kuwait, Iraq-Kuwait Crisis, 1990-1991, Kuwaiti foreign relations, United States. Department of the Treasury. Office of Foreign Assets Control

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Banks and loan sales: marketing nonmarketable assets

Article Abstract:

It has been hypothesized that bank loans are not marketable since credit risk analysis or the monitoring of borrowers will not be conducted by banks that are not liable for non-performance of these services. Based on banks' actual practices, bank loans have not been marketable for most of history. The large number of loans released by banks since the 1980s can be explained by implicit features in the contracts between banks and their customers.

Research, Banking industry, Evaluation, Bank loans

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Buffer stock saving in retirement accounts

Article Abstract:

Saving behavior of people with particular reference to 401(K) plans, using dynamic programming, is examined.

United States, Employee Loan & Savings Plans, Methods, Usage, Retirement planning, Salary reduction savings plans, 401K plans, Dynamic programming

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