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Application of penalized splines method in the credit market
Yao, Zhilin - 2008
"Mortgage-related hit worse than expected" has been a frequently cited phrase in recent months, and is usually followed by a list of victims consisting of banks and hedge funds. Although the current mortgage mess was caused by the subprime mortgage or bad credit mortgage, the broad impact of...
Persistent link: https://www.econbiz.de/10009452579
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ESSAYS ON HOUSING INVESTMENTS IN EMERGING MARKETS
Qi, Zhikun - 2009
New residential construction is significantly more procyclical in emerging markets than in developed countries, although the correlation between aggregate investment and output is similar across emerging and developed countries. This paper shows that a multi-sector stochastic growth model with a...
Persistent link: https://www.econbiz.de/10009450704
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Two Essays in Macroeconomics
Wu, Dong - 2010
Castro and Coen-Pirani (2008) document that aggregate skilled hours and employment both became more volatile after the mid-1980s, in contrast to the simultaneous volatility decline of most aggregates, including overall hours and employment and unskilled hours and employment. In chapter 1, I...
Persistent link: https://www.econbiz.de/10009450956
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Job Competition over the Business Cycle
Chasamboulli, Andri N. - 2005
My thesis explores the following question: how workers of different skill are allocated across jobs and unemployment over the business cycle. I am interestedin understanding the "over-qualification" of workers that occurs during periods of high unemployment, as increased congestion in the labor...
Persistent link: https://www.econbiz.de/10009450968
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Uncertain Duration of Reform: Dynamic Implications
Calvo, Guillermo A.; Drazen, Allan - 1998
We develop a framework to study the effects of policies of uncertain duration onconsumption dynamics under both complete and incomplete markets. We focus on the dynamicimplications of market incompleteness, specifically on the lack of state-contingent bonds. Twopolicies are considered: pure...
Persistent link: https://www.econbiz.de/10009450564
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Are Foreign Banks Bad for Development Even If They Are Efficient? Evidence from the Indian Banking Industry
Piesse, Jenifer; Bhaumik, Sumon Kumar - 2003
ignore the fact that, unlike in the manufacturing and services sector industries, the long term viability of a bank depends …, these banks are content to ‘cherry pick’ and limit disbursal of loans. Using bank-level data from India, for six years (1995 …
Persistent link: https://www.econbiz.de/10009477173
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The Lending Channel in Emerging Economies: A Look at the International Evidence
Vazquez, Francisco - 2005
credit, affecting the financing possibilities of bank-dependent firms and amplifying the effects of monetary shocks on … the model to the data, using a bank-level panel dataset of 832 banks in 27 countries during 1986-1998. The chapter tests …, using differences in bank ownership to proxy for unobserved financial constraints facing banks. In particular, it builds on …
Persistent link: https://www.econbiz.de/10009450789
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Essays of credit market behavior and bankruptcy
Corbae, Dean (contributor) - 2011
Since the 1980s, household debt has been increasing rapidly. The high level of household indebtedness has been accompanied by a high household bankruptcy rate. My research attempts to provide a better understanding of the theoretical mechanisms behind these credit market and bankruptcy...
Persistent link: https://www.econbiz.de/10009429362
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Risk Rationing in China Rural Credit Markets
Khantachavana, Sivalai V.; Turvey, Calum G.; Kong, Rong - 2011
among the first empirical validation of the risk rationing theory. …
Persistent link: https://www.econbiz.de/10009444362