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Now showing items 1-7 of 7
Finance Implications of the Great Recession
(2014-06-06)
Macroeconomic events in the United States during the last ten years—the housing bubble, the financial crisis and the subsequent, deep recession—brought several puzzles to the attention of economists and policymakers. Why ...
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 in Financial Economics
(2014-06-06)
This dissertation consists of three independent essays. Chapter 1, "The Effect of Mortgage Securitization on Foreclosure and Modification," assesses the impact of mortgage securitization on foreclosure and modification. ...
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 ...