Money,Mortgages, and the Conquest of America

In colonial America, land acquired new liquidity when it became liable for debts. Though English property law maintained a firm distinction between land and chattel for centuries, in the American colonies, the boundary between the categories of real and personal property began to disintegrate. There, the novelty of easy foreclosure and consequent easy alienation of land made it possible for colonists to obtain credit, using land as a security. However, scholars have neglected the first instances in which a newly unconstrained practice of mortgage foreclosure appeared—the transactions through which colonists acquired land from indigenous people in the first place. In this article, I explore these early transactions for land, which took place across fundamental differences between colonists’ and native communities’ conceptions of money, land, and exchange itself. I describe how difference and dependence propelled the growth of the early American contact economy to make land into real estate, or the fungible commodity on the speculative market that it remains today.     

Do Political Similarities Facilitate Interlocal Collaboration?

This research examines the extent to which political similarities—that is, homophily between political actors at the local level—affect patterns of interorganizational collaboration in an emergency response situation. While the field of emergency management has focused on implementation‐oriented arrangements among key stakeholders, few studies have systemically investigated the creation and development of interorganizational collaborations led by political actors, especially following catastrophic events. The analysis reveals that a dyadic tie with political homophily boosts local responders’ ties with other agencies during emergencies. Findings indicate that political solidarity, formulated by chief elected officials of municipalities and council members, can broaden the scope of interorganizational collaboration by mitigating institutional collective action problems at the local level. This research presents a critical recommendation for emergency managers that interlocal collaboration for timely response to a disaster is attributable to political similarities that facilitate frequent interlocal interactions through formal and/or informal agreements.     

Temporary Loan Limits as a Natural Experiment in Federal Housing Administration Insurance

The Economic Stimulus Act of 2008 dramatically but temporarily increased the mortgage loan amount eligible for insurance through the Federal Housing Administration (FHA). We use the implementation and expiration of these loan limits as a source of exogenous variation in the availability of FHA insurance to measure the impact on the overall mortgage market and conventional lending. We find that the introduction of higher loan limits increased the number of loan originations, but that the expiration of those loan limits roughly 6 years later did not significantly decrease affected loan originations. The substitution between loan products and small net impact on the overall mortgage market when the ESA loan limits expired may be explained by the return of a stronger conventional lending industry than existed during the housing crisis.     

Lifestyles/Routine Activities and Bullying among South Korean Youths

Research on bullying has been conducted primarily in the United States and other western cultures, with less attention paid to the magnitude and sources of the problem in eastern cultures. Framed within lifestyle/routine activities theories, we examined a random sample of 3,121 South Korean middle-school students in order to assess the main effects of factors reflecting guardianship, target suitability, and exposure to motivated offenders on a youth’s risk of being bullied by groups of juveniles. Latent growth curve modeling was used to estimate both cross-sectional and longitudinal effects on self-reported victimizations involving “collective” bullying. Findings and their theoretical implications are presented.     

Democratization and women’s representation in presidential cabinets: evidence from East and Southeast Asia

This article examines patterns of women’s cabinet representation across all presidential democracies in East and Southeast Asia since democratization. It demonstrates how the choice of female ministers differs across career backgrounds in presidential systems and further examines why young presidential systems in Asia are conducive to women’s access to ministerial power through professional career tracks. We argue that despite women’s successful performance in national legislative elections, women have been restricted to access the power resources necessary to target other political goals, such as cabinet positions, whereas democratic transition has provided broader avenues for women to emerge as professionals outside party politics. By analyzing original data on female ministers in East and Southeast Asia, the study finds that the share of women among professional ministers has increased over time, but women’s share among political ministers has not changed significantly. Additionally, the different qualifications of female politicians and professionals also make them eligible for appointment to different types of policy areas in terms of prestige and gender. Our analysis suggests that women’s cabinet representation has improved overall since democratic transition in Asia, but this improvement disguises contrasting outcomes in women’s cabinet status according to their career backgrounds.     

Cooperation Coupled with Conflicts: Korea–Japan Relations in the Post-Cold War Era

This article addresses a profoundly curious question of why Korea and Japan conflict with each other despite deepening ties and growing transactions. In contrast to the existing explanations, this article makes three analytical innovations. First, for inducing cooperation between Korea and Japan, what matters is convergence/divergence of external threat perception, not the magnitude of threat. Second, history is not a constant but a variable. Historical contentions can be escalated or deescalated depending on political situations. Third, the role of the US in managing Korea–Japan relations is important but not determinant. The style of US engagement in East Asia serves as an intervening variable for conflict management. This article suggests that frictions are highest when historical contentions are escalated and external threat perception diverges. On the other hand, cooperation potential is highest when historical contentions are deescalated and threat perception converges.