Results for ' collateralization'

41 found
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  1. Collateral Damage and the Principle of Due Care.Anne Schwenkenbecher - 2014 - Journal of Military Ethics 13 (1):94-105.
    This article focuses on the ethical implications of so-called ‘collateral damage’. It develops a moral typology of collateral harm to innocents, which occurs as a side effect of military or quasi-military action. Distinguishing between accidental and incidental collateral damage, it introduces four categories of such damage: negligent, oblivious, knowing and reckless collateral damage. Objecting mainstream versions of the doctrine of double effect, the article argues that in order for any collateral damage to be morally permissible, violent agents must comply with (...)
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  2. Collateral conflicts and epistemic norms.J. Adam Carter - 2020 - In Scott Stapleford & Kevin McCain (eds.), Epistemic Duties: New Arguments, New Angles. New York: Routledge.
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  3. An Economic Examination of Collateralization in Different Financial Markets.Tim Xiao - manuscript
    This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization adhering to bankruptcy laws. As such, the model can back out differences in asset prices due to collateralized counterparty risk. This framework is very useful for pricing outstanding defaultable financial contracts. By using a unique data set, we are able to achieve (...)
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  4. A New Model for Pricing Collateralized Financial Derivatives.Tim Xiao - 2017 - Journal of Derivatives 24 (4):8-20.
    This paper presents a new model for pricing OTC derivatives subject to collateralization. It allows for collateral posting adhering to bankruptcy laws. As such, the model can back out the market price of a collateralized contract. This framework is very useful for valuing outstanding derivatives. Using a unique dataset, we find empirical evidence that credit risk alone is not overly important in determining credit-related spreads. Only accounting for both collateral arrangement and credit risk can sufficiently explain unsecured credit costs. (...)
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  5. The Impact of Default Dependency and Collateralization on Asset Pricing and Credit Risk Modeling.Tim Xiao - manuscript
    This article presents a comprehensive framework for valuing financial instruments subject to credit risk. In particular, we focus on the impact of default dependence on asset pricing, as correlated default risk is one of the most pervasive threats in financial markets. We analyze how swap rates are affected by bilateral counterparty credit risk, and how CDS spreads depend on the trilateral credit risk of the buyer, seller, and reference entity in a contract. Moreover, we study the effect of collateralization (...)
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  6. On the Equivalence of Trolleys and Transplants: The Lack of Intrinsic Difference between ‘Collateral Damage’ and Intended Harm.Howard Nye - 2014 - Utilitas 26 (4):432-479.
    In this article I attempt to show conclusively that the apparent intrinsic difference between causing collateral damage and directly attacking innocents is an illusion. I show how eleven morally irrelevant alterations can transform an apparently permissible case of harming as a side-effect into an apparently impermissible case of harming as a means. The alterations are as obviously irrelevant as the victims’ skin colour, and consistently treating them as relevant would have unacceptable implications for choices between more and less harmful ways (...)
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  7. The Valuation of Credit Default Swap with Counterparty Risk and Collateralization.Tim Xiao - manuscript
    This article presents a new model for valuing a credit default swap (CDS) contract that is affected by multiple credit risks of the buyer, seller and reference entity. We show that default dependency has a significant impact on asset pricing. In fact, correlated default risk is one of the most pervasive threats in financial markets. We also show that a fully collateralized CDS is not equivalent to a risk-free one. In other words, full collateralization cannot eliminate counterparty risk completely (...)
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  8. Environmental and Ecological Damage as "Collateral Damage": The Case of SpaceX's Starship Launch.Son Nhan - manuscript
    This study examines the concept of "collateral damage" in the context of environmental and ecological impact. It focuses on the SpaceX Starship launch, a significant event in space exploration, and its repercussions on the local environment. While the launch was deemed a success in advancing space exploration, reports from U.S. wildlife officials highlight the severe damage inflicted on the local ecosystem. The analysis reveals the existence of a notion termed "protected zones," which diverges from the conservationist perspective, emphasizing the safeguarding (...)
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  9. Pricing Financial Derivatives Subject to Multilateral Credit Risk and Collateralization.Tim Xiao - manuscript
    This article presents a new model for valuing financial contracts subject to credit risk and collateralization. Examples include the valuation of a credit default swap (CDS) contract that is affected by the trilateral credit risk of the buyer, seller and reference entity. We show that default dependency has a significant impact on asset pricing. In fact, correlated default risk is one of the most pervasive threats in financial markets. We also show that a fully collateralized CDS is not equivalent (...)
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  10. Compensation and Proportionality in War.Saba Bazargan-Forward - 2017 - In Finkelstein Claire, Larry Larry & Ohlin Jens David (eds.), Weighing Lives in War. Oxford University Press).
    Even in just wars we infringe the rights of countless civilians whose ruination enables us to protect our own rights. These civilians are owed compensation, even in cases where the collateral harms they suffer satisfy the proportionality constraint. I argue that those who authorize or commit the infringements and who also benefit from those harms will bear that compensatory duty, even if the unjust aggressor cannot or will not discharge that duty. I argue further that if we suspect antecedently that (...)
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  11. Proportionality, Territorial Occupation, and Enabled Terrorism.Saba Bazargan - 2013 - Law and Philosophy 32 (4):435-457.
    Some collateral harms affecting enemy civilians during a war are agentially mediated – for example, the US-led invasion of Iraq in 2003 sparked an insurgency which killed thousands of Iraqi civilians. I call these ‘collaterally enabled harms.’ Intuitively, we ought to discount the weight that these harms receive in the ‘costs’ column of our ad bellum proportionality calculation. But I argue that an occupying military force with de facto political authority has a special obligation to provide minimal protection to the (...)
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  12. COVID-19 and the unseen pandemic of child abuse.Wesley J. Park & Kristen A. Walsh - 2022 - BMJ Paediatrics Open 6 (1).
    For children, the collateral damage of the COVID-19 pandemic response has been considerable. In this paper, we use the framework of evidence-based medicine to argue that child abuse is another negative side effect of COVID-19 lockdowns. While it was certain that school closures would have profound social and economic costs, it remains uncertain whether they have any effect on COVID-19 transmission. There is emerging evidence that lockdowns significantly worsened child abuse on a global scale. Low-income and middle-income countries are particularly (...)
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  13. Is There a Duty to Militarily Intervene to Stop a Genocide?Uwe Steinhoff - 2017 - In Christian Neuhäuser & Christoph Schuck (eds.), Military Interventions: Considerations From Philosophy and Political Science. Nomos Verlagsgesellschaft.
    Is there is a moral obligation to militarily intervene in another state to stop a genocide from happening (if this can be done with proportionate force)? My answer is that under exceptional circumstances a state or even a non-state actor might have a duty to stop a genocide (for example if these actors have promised to do so), but under most circumstances there is no such obligation. To wit, “humanity,” states, collectives, and individuals do not have an obligation to make (...)
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  14. Butcher Ding : A meditation in flow.James D. Sellmann - 2019 - In Karyn Lai & Wai Wai Chiu (eds.), Skill and Mastery Philosophical Stories from the Zhuangzi. London: Rowman and Littlefield International.
    In this paper, I argue that the performance stories in the Zhuangzi, and the Butcher Ding story, emphasize an activity meditation practice that places the performer in a mindfulness flow zone, leading to graceful, efficacious, selfless, spontaneous, and free action. These stories are metaphors showing the reader how to attain a meditative state of focused awareness while acting freely in a flow experience. From my perspective, these metaphors are not about developing practical or technical skills per se. My argument challenges (...)
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  15. Field Deaths in Plant Agriculture.Bob Fischer & Andy Lamey - 2018 - Journal of Agricultural and Environmental Ethics 31 (4):409-428.
    We know that animals are harmed in plant production. Unfortunately, though, we know very little about the scale of the problem. This matters for two reasons. First, we can’t decide how many resources to devote to the problem without a better sense of its scope. Second, this information shortage throws a wrench in arguments for veganism, since it’s always possible that a diet that contains animal products is complicit in fewer deaths than a diet that avoids them. In this paper, (...)
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  16. AWS compliance with the ethical principle of proportionality: three possible solutions.Maciek Zając - 2023 - Ethics and Information Technology 25 (1):1-13.
    The ethical Principle of Proportionality requires combatants not to cause collateral harm excessive in comparison to the anticipated military advantage of an attack. This principle is considered a major (and perhaps insurmountable) obstacle to ethical use of autonomous weapon systems (AWS). This article reviews three possible solutions to the problem of achieving Proportionality compliance in AWS. In doing so, I describe and discuss the three components Proportionality judgments, namely collateral damage estimation, assessment of anticipated military advantage, and judgment of “excessiveness”. (...)
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  17. Rights, Liability, and the Moral Equality of Combatants.Uwe Steinhoff - 2012 - The Journal of Ethics 16 (4):339-366.
    According to the dominant position in the just war tradition from Augustine to Anscombe and beyond, there is no "moral equality of combatants." That is, on the traditional view the combatants participating in a justified war may kill their enemy combatants participating in an unjustified war - but not vice versa (barring certain qualifications). I shall argue here, however, that in the large number of wars (and in practically all modern wars) where the combatants on the justified side violate the (...)
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  18. A recovery operator for nontransitive approaches.Eduardo Alejandro Barrio, Federico Pailos & Damian Szmuc - 2020 - Review of Symbolic Logic 13 (1):80-104.
    In some recent articles, Cobreros, Egré, Ripley, & van Rooij have defended the idea that abandoning transitivity may lead to a solution to the trouble caused by semantic paradoxes. For that purpose, they develop the Strict-Tolerant approach, which leads them to entertain a nontransitive theory of truth, where the structural rule of Cut is not generally valid. However, that Cut fails in general in the target theory of truth does not mean that there are not certain safe instances of Cut (...)
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  19. Covid-19, Public Policy and Public Choice Theory.Panagiotis Karadimas - 2022 - The Independent Review 27 (2):273-302.
    During the Covid-19 pandemic, public policy was not driven by findings from public health research, but by politicians’ desire to pursue their own interests. The media and politicians inflamed mass hysteria and then imposed ill-considered lockdowns to “solve” the problem. Lockdowns not only failed to protect those at risk from the virus, but also caused enormous collateral damage. Public choice theory helps explaining this decision-making. -/- .
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  20. The Problem with Killer Robots.Nathan Gabriel Wood - 2020 - Journal of Military Ethics 19 (3):220-240.
    Warfare is becoming increasingly automated, from automatic missile defense systems to micro-UAVs (WASPs) that can maneuver through urban environments with ease, and each advance brings with it ethical questions in need of resolving. Proponents of lethal autonomous weapons systems (LAWS) provide varied arguments in their favor; robots are capable of better identifying combatants and civilians, thus reducing "collateral damage"; robots need not protect themselves and so can incur more risks to protect innocents or gather more information before using deadly force; (...)
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  21. National Defence, Self Defence, and the Problem of Political Aggression.Seth Lazar - 2014 - In Cécile Fabre & Seth Lazar (eds.), The Morality of Defensive War. Oxford, GB: Oxford University Press. pp. 10-38.
    Wars are large-scale conflicts between organized groups of belligerents, which involve suffering, devastation, and brutality unlike almost anything else in human experience. Whatever one’s other beliefs about morality, all should agree that the horrors of war are all but unconscionable, and that warfare can be justified only if we have some compel- ling account of what is worth fighting for, which can justify contributing, as individu- als and as groups, to this calamitous endeavour. Although this question should obviously be central (...)
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  22. A Policy of No Interest? The Permanent Zero Interest Rate, and the Evils of Capitalism.Alexander Douglas - manuscript
    In 1937 Joan Robinson proposed that “when capitalism is rightly understood, the rate of interest will be set at zero and the major evils of capitalism will disappear”. A permanent zero rate would abolish capitalist profit except in limited cases, leaving nearly all output to be claimed by labour as wages. It would allow capital to be allocated on the basis of prospective social benefit rather than short-term profitability and a collateral basis that favours the wealthy. It would remove some (...)
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  23. The ethics of voluntary ethics standards.Hasko von Kriegstein & Chris MacDonald - 2024 - Business and Society Review 129 (1):50-71.
    Many nongovernmental forms of business regulation aim at reducing ethical violations in commerce. We argue that such nongovernmental ethics standards, while often laudable, raise their own ethical challenges. In particular, when such standards place burdens upon vulnerable market participants (often, though not always, SMEs), they do so without the backing of traditional legitimate political authority. We argue that this constitutes a structural analogy to wars of humanitarian intervention. Moreover, we show that, while some harms imposed by such standards are desirable, (...)
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  24. On the Limitations of Michel Foucault’s Genealogy of Neoliberalism.Tim Christiaens - 2023 - Journal of French and Francophone Philosophy 31 (1/2):24-45.
    This essay highlights a methodological weakness in Foucault’s genealogy of neoliberalism often mistaken for a biographical shift in his philosophy. Naissance de la biopolitique is sometimes interpreted as evidence for Foucault’s conversion to neoliberalism, whereas its lack of critical acuity stems rather from its methodological limitations. Through a discussion of the “neoliberal conversion”-thesis, I highlight those limitations. Though Foucault’s appreciative tone in his neoliberalism lectures is surprising, his aim is mainly to defamiliarize readers from the dominant mode of neoliberal rationality (...)
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  25. Der Streit um die hundert Taler: Begriff und Erkenntnis des Wirklichen bei Kant und Hegel.Hector Ferreiro - 2016 - Revista Eletrônica Estudos Hegelianos 21:23-38.
    In the Transcendental Dialectic (KrV, A 599-560/B 627-628), Kant presents the argument of the hundred talers as a concrete example of his general claim against conceiving existence as a real predicate. According to Kant, the content of concepts can be completely determined as merely possible content; in the existential judgment, the subject then relates the completely determined content of his internal thoughts with perception: it is only through perception that the subject knows the content of his concepts as real things (...)
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  26. Shalom on the Impermissibility of Self-Defense against the Tactical Bomber.Uwe Steinhoff - manuscript
    A standard example of a justified aggressor is the tactical bomber who is about to destroy an ammunitions factory in a proportionate, justified military attack, full well knowing that an innocent civilian bystander will also be killed by his attack (“collateral damage”). Intuitively it seems hard to believe that the innocent bystander threatened by the tactical bomber is morally prohibited from killing him in self-defense. Yet, Stephen R. Shalom indeed endorses such a prohibition. I shall argue that all the examples (...)
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  27. (1 other version)Ethical implications of co-benefits rationale within climate change mitigation strateg.Vasconcellos Oliveira Rita & Thorseth May - 2016 - Etikk I Praksis- Nordic Journal of Applied Ethics:141-170.
    The climate change mitigation effort is being translated into several actions and discourses that make collateral benefits and their rationale increasingly relevant for sustainability, in such a way that they are now a constant part of the political agenda. Taking a broader and consensual perspective, co-benefits are considered here to be emerging advantages of implementing measures to lower greenhouse gases. Starting with the analysis of policy documents referring to two European urban transportation strategies, the emergent co-benefits are problematized and discussed (...)
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  28. (1 other version)Shape Properties and Perception.Kirk Ludwig - 1996 - Philosophical Issues 7:325-350.
    We can perceive shapes visually and tactilely, and the information we gain about shapes through both sensory modalities is integrated smoothly into and functions in the same way in our behavior independently of whether we gain it by sight or touch. There seems to be no reason in principle we couldn't perceive shapes through other sensory modalities as well, although as a matter of fact we do not. While we can identify shapes through other sensory modalities—e.g., I may know by (...)
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  29. (1 other version)Leadership, Ethics, and the Centrality of Character.Peter Olsthoorn - 2017 - In Military Ethics and Leadership. Leiden & Boston: Brill. pp. 1-15.
    Scandals in business (such as Volkswagen’s dieselgate and, earlier, the Enron scandal), politics and the public sector (the Petrobas affair in Brazil, for in-stance), sports (think of the corruption charges against fifa’s Sepp Blatter) and the military (Abu Ghraib springs to mind) have brought the matter of ethical leadership to the forefront. But although this increased attention has had the collateral benefit that most handbooks on leadership now pay more attention to the importance of leading ethically, this will generally still (...)
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  30. A Deweyan Defense of Guerrilla Gardening.Shane Ralston - 2012 - The Pluralist 7 (3):57-70.
    In this article, I formulate a Deweyan argument in support of guerrilla gardening, or the political activity of reclaiming unused urban land, sometimes illicitly, for cultivation and beautification through gardening. Historically, gardening movements in the United States have been associated with relief projects during periods of economic downturn and crisis, urban blight and gentrication, as well as nationalism, nativism and racism. Despite these last few unfortunate associations, the American philosopher John Dewey detached gardening from the nativist’s tool-kit, portraying it as (...)
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  31. Distributing Death in Humanitarian Interventions.Lars Christie - 2017 - In Ryan Jenkins & Bradley Strawser (eds.), Who Should Die? The Ethics of Killing in War. New York: Oxford University Press.
    Armed military interventions often inflict large amounts of collateral harm on innocent civilians. Ought intervening soldiers, when possible, to direct collateral harm to one innocent population group rather than the other? Recently several authors have proposed that expected beneficiaries of a military intervention ought to carry greater risk of collateral harm than neutral bystanders who are not subject to the threat the military forces are intervening to avert. According to this view, intervening soldiers ought to reduce the risk of collateral (...)
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  32. Sustaining Native Entrepreneurship in South African Townships: the Start-up Agenda.Josephat Mukwarami & Robertson K. Tengeh - 2017 - ACTA UNIVERSITATIS DANUBIUS Economica 4 (13):331-345.
    Faced with enormous unemployment, the South African government enacted pro-SMME policies. It was assumed that such policies would ignite broad-based growth within the SMMEs cluster, regardless of the sector. However, the current evidence suggests that these laudable efforts have not benefited the poorest of the poor nor have they aroused and sustained entrepreneurship in certain quarters. Using the spaza shop as the focus and two prominent townships as the locus, this paper sought to understand the factors that under mind the (...)
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  33. Civilisation of manners and misophonia.Norena Arnaud - manuscript
    Misophonia is a disorder of tolerance to specific sounds (i.e. trigger sounds), such as chewing, throat clearing or breathing sounds, produced by humans, which can trigger intense emotional reactions (anger, disgust). This relatively prevalent disorder can cause a reduction in the quality of life. The causes of misophonia are still unclear. In this article, we develop a “social” hypothesis based on the work of Norbert Elias. Misophonia would be an exaggerated reaction to behaviours (of others) that have been subject to (...)
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  34. Genealogy of Algorithms: Datafication as Transvaluation.Virgil W. Brower - 2020 - le Foucaldien 6 (1):1-43.
    This article investigates religious ideals persistent in the datafication of information society. Its nodal point is Thomas Bayes, after whom Laplace names the primal probability algorithm. It reconsiders their mathematical innovations with Laplace's providential deism and Bayes' singular theological treatise. Conceptions of divine justice one finds among probability theorists play no small part in the algorithmic data-mining and microtargeting of Cambridge Analytica. Theological traces within mathematical computation are emphasized as the vantage over large numbers shifts to weights beyond enumeration in (...)
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  35. The trap of nothing: the (archaic) consubstantiality of My Man Godfrey.Don Kunze - 2022 - Vestigia 3 (1):151-172.
    Gregory La Cava’s 1936 screwball comedy film My Man Godfrey is structured by consubstantiality, which will be defined here as the reification of a second, oppositional element in response to the negation of a first. Because the second element is conditioned by the very thing it negated, a third element is required to reverse the (subjective) point of view as corollary to the first, objective reversal. The film takes place in the depths of the Great Depression; its story centers on (...)
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  36. Hyde within the Boundaries of Mere Jekyll: Evil in Kant & Stevenson.Virgil W. Brower - 2020 - Polish Journal of Aesthetics 56 (1/2020):63-84.
    This essay experiments with Kant’s writings on rational religion distilled through the Strange Case of Dr Jekyll and Mr Hyde as canonical confrontations with primal problems of evil. It suggests boundaries between Stevenson’s characters and their occupations comparable to the those conflicted in the Kantian university, namely, law, medicine, theology, and philosophy (which makes a short anticipatory appearance in his earlier text on rational religion). With various faculties it investigates diffuse comprehensions—respectively, legal crime, biogenetic transmission, and original sin—of key ethical (...)
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  37. A lucidez do poema. A meditação metapoética como caminho filosófico e sapiencial em António Ramos Rosa.Helena Costa Carvalho - 2022 - Dissertation, University of Lisbon
    This work tries to show that the metapoetic meditation developed by Ramos Rosa throughout his very extensive poetic work not only did not condemn his poetry to a cold cloister in the textual plane, but also contributed decisively to the opening to the real, to the effect of evidence and to the sense of communion that would become increasingly sensitive in his writing. To this end, we propose to clarify the thread that, under the aegis of the poetic lucidity consecrated (...)
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  38. Innards of Ingarden: Physiology of Time.Virgil W. Brower - 2019 - In Dominika Czakon, Natalia Anna Michna & Leszek Sosnowski (eds.), Roman Ingarden and His Times. pp. 25-42.
    This project begins with the selective sensory experience suggested by lngarden followed by an insensitivity he insinuates to digestive processes. This is juxtaposed with an oenological explanation of phenomenal sedimentation offered by Jean-Luc Marion. It compares the dynamics of time in the former with the those of wine in the latter. Emphasis is given to lngarden's insinuation of time as fluid, liquid, or aquatic. It revisits Ingarden's physiological explanations of partially-open systems by way of the bilateral excretion and absorption of (...)
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  39. Drone Warfare, Civilian Deaths, and the Narrative of Honest Mistakes.Matthew Talbert & Jessica Wolfendale - 2023 - In Nobuo Hayashi & Carola Lingaas (eds.), Honest Errors? Combat Decision-Making 75 Years After the Hostage Case. T.M.C. Asser Press. pp. 261-288.
    In this chapter, we consider the plausibility and consequences of the use of the term “honest errors” to describe the accidental killings of civilians resulting from the US military’s drone campaigns in Iraq, Syria, Afghanistan, and elsewhere. We argue that the narrative of “honest errors” unjustifiably excuses those involved in these killings from moral culpability, and reinforces long-standing, pernicious assumptions about the moral superiority of the US military and the inevitability of civilian deaths in combat. Furthermore, we maintain that, given (...)
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  40. Terrorism: A Philosophical Enquiry.Anne Schwenkenbecher - 2012 - Basingstoke: Palgrave-Macmillan.
    This book engages with the most urgent philosophical questions pertaining to the problem of terrorism. What is terrorism? Could it ever be justified? Assuming that terrorism is just one of many kinds of political violence, the book denies that it is necessarily wrong and worse than war. In fact, it may be justifiable under certain circumstances.
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  41. Semantic holism and observation statements.Alan Schwerin - 1984 - Philosophical Papers 13 (2):19-27.
    Quine's views on semantic holism and observation statements appear to be incompatible. My paper is an attempt to alleviate this tension.
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