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In this dissertation, I further explore the role of the entrepreneurial sector in creating frictions in the economy. I examine the combined effect of private information and entrepreneurial risk aversion on the dynamics of a general equilibrium macroeconomic model. I analyze the impact of these...
Persistent link: https://www.econbiz.de/10009450819
In this dissertation, I study international financial crises. For this purpose, I build two models. In the first model, I focus on financial crises in developing, large open economies where foreign debt with various maturities and issue dates is available. The objective is to measure the...
Persistent link: https://www.econbiz.de/10009464818
Financialization is a process whereby financial markets, financial institutions and financial elites gain greater influence over economic policy and economic outcomes. Financialization transforms the functioning of economic system at both the macro and micro levels. Its principal impacts are to...
Persistent link: https://www.econbiz.de/10009467755
This dissertation consists of three independent essays. The first essay, “Long Waves and Short Cycles in a Model of Endogenous Financial Fragility,” presents a stock flow consistent macroeconomic model in which financial fragility in firm and household sectors evolves endogenously through...
Persistent link: https://www.econbiz.de/10009467960
In this thesis different definitions of financial contagion are explored. These definitions are applied to test for … evidence of contagion on a number of stock markets and during several turbulent periods. First, we investigate the question … calm market and emerging crisis markets. Additionally, we explore the direction of spillovers and contagion effects between …
Persistent link: https://www.econbiz.de/10009460744
contagion risk in the accumulation process, and the outlook of regional arrangements of cooperation, such as regional reserve …
Persistent link: https://www.econbiz.de/10009468233
earnings either in that same year or within the past two years. We also find evidence of earning management contagion at the … past two years. Furthermore, we find that earnings management contagion is stronger when it’s the shared director has a … also a director at another firm is associated with stronger contagion relative to other board positions of shared directors …
Persistent link: https://www.econbiz.de/10009471502
This dissertation describes different conceptions of economic crises and different conceptions of contagion effects …. There is a survey of theoretical and empirical studies concerning contagion effects on financial markets. A theoretical … model describes a single contagion mechanism caused by information updating by investors. There is further an investigation …
Persistent link: https://www.econbiz.de/10009475333
interdependencies can occur. Finally, the existence of contagion in financial markets is examined. … interdependencies can occur. Finally, the existence of contagion in financial markets is examined. …
Persistent link: https://www.econbiz.de/10009475336
adjustment" aid; centrality in trade flows; and regional "contagion." In contrast to prior work in financial economics, we find …
Persistent link: https://www.econbiz.de/10009476864