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31. Bright Lines and Bailouts: To Bail or Not To Bail, That Is the Question

Author:
Vern McKinley and Gary Gegenheimer
Publication Date:
04-2009
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
A financial-institution bailout involves government intervention through a transaction or forbearance targeted to a financial institution or group of financial institutions. The action is preemptive as the financial institution does not fail and go out of business, but remains a going concern, benefiting creditors, shareholders, or counterparties. In the absence of a bailout, the financial institution would either be forced to go through receivership or bankruptcy in the prescribed legal form, or have its role in financial intermediation disrupted.
Topic:
Economics, Government, Political Economy, and Privatization
Political Geography:
United States

32. Private Military and Security Companies: A Framework for Regulation

Author:
James Cockayne and Emily Speers Mears
Publication Date:
03-2009
Content Type:
Working Paper
Institution:
International Peace Institute (IPI)
Abstract:
In late 2008, seventeen states, including the US, UK, China, Iraq, and Afghanistan, endorsed the Montreux Document on Pertinent International Legal Obligations and Good Practices for States Related to Operations of Private Military and Security Companies During Armed Conflict. This provides important guidance to states in regulating Private Military and Security Companies (PMSCs). But there is a need to do more, to provide increased guidance to industry and ensure standards are enforced.
Topic:
Security, International Law, Privatization, Treaties and Agreements, and War
Political Geography:
Afghanistan, United States, China, Iraq, and United Kingdom

33. Just War Theory and the Privatization of Military Force

Author:
James Pattison
Publication Date:
07-2008
Content Type:
Journal Article
Abstract:
Since the 1990 s there has been a marked growth in the private military industry. Private military companies (PMCs) have been taking on an ever-increasing number of roles traditionally performed by the regular military. These range from supplying training, logistics, and other support services to engaging occasionally in actual fighting. This is most notable in Iraq, where the U.K. and U.S. governments have employed a host of ''security'' companies, such as Aegis, Blackwater, Control Risks Group, Erinys, Vinnell, and KBR. The use of these companies has by no means been limited to Iraq, however. Nor is it only the U.K. and the U.S. that have made use of their services. Other states, multinational companies, NGOs, and even the U.N. have hired PMCs.
Topic:
Privatization, United Nations, and War
Political Geography:
United States and United Kingdom