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Essays in Financial Economics
(2014-06-06)
This dissertation presents three essays. The first essay finds that the household risky ratio, the ratio of high risk assets over low risk assets directly owned by households, is a strong negative predictor of the equity ...
Mean Reversion in Housing Markets
(2014-06-06)
Booms in house prices are usually followed by busts. This pattern is called "mean reversion." Mean reversion in housing markets has historically coincided with economic recessions across the world. Chapter 1 establishes ...
Essays on Normative Macro-Finance
(2014-06-06)
This dissertation consists of four essays that study normative questions on issues related to financial markets and the macroeconomy.
Essays in Financial and Housing Economics
(2014-06-24)
This dissertation presents four essays. The first chapter builds a real-options, term structure model of the firm incorporating stochastic volatility and endogenous default to shed new light on the value premium, financial ...
Essays in International Finance
(2014-06-24)
This dissertation consists of three essays in international finance. The first two essays study emerging market sovereign risk with a focus on local currency denominated sovereign bonds. The third essay examines econometric ...