Tesis sobre el tema "Financial crises"
Crea una cita precisa en los estilos APA, MLA, Chicago, Harvard y otros
Consulte los 50 mejores tesis para su investigación sobre el tema "Financial crises".
Junto a cada fuente en la lista de referencias hay un botón "Agregar a la bibliografía". Pulsa este botón, y generaremos automáticamente la referencia bibliográfica para la obra elegida en el estilo de cita que necesites: APA, MLA, Harvard, Vancouver, Chicago, etc.
También puede descargar el texto completo de la publicación académica en formato pdf y leer en línea su resumen siempre que esté disponible en los metadatos.
Explore tesis sobre una amplia variedad de disciplinas y organice su bibliografía correctamente.
Karlstroem, Peter Henning <1981>. "Essays on Financial Crises". Doctoral thesis, Alma Mater Studiorum - Università di Bologna, 2018. http://amsdottorato.unibo.it/8735/1/PhD_thesis_Karlstroem.pdf.
Texto completoBianchi, Caporale Javier Ignacio. "Essays on Financial Crises and Financial Regulation". UNIVERSITY OF MARYLAND, COLLEGE PARK, 2012. http://pqdtopen.proquest.com/#viewpdf?dispub=3479040.
Texto completoNgadi, Leila. "Financial liberalisation as a predictor of financial crises : evidence from the Asian crisis /". Title page, contents and introduction only, 1999. http://web4.library.adelaide.edu.au/theses/09ARM/09armn576.pdf.
Texto completoCândido, Maria Teresa. "Financial market liquidity, asset pricing, and financial crises /". Diss., Connect to a 24 p. preview or request complete full text in PDF format. Access restricted to UC campuses, 1998. http://wwwlib.umi.com/cr/ucsd/fullcit?p9914068.
Texto completoRastapana, Songklod. "Three essays on financial crises". Thesis, University of Warwick, 2018. http://wrap.warwick.ac.uk/107782/.
Texto completoNikoloski, Z. "Institutions, financial crises and welfare". Thesis, University College London (University of London), 2011. http://discovery.ucl.ac.uk/1322962/.
Texto completoDumitrescu, Elena. "Econometric Methods for Financial Crises". Electronic Thesis or Diss., Orléans, 2012. http://www.theses.fr/2012ORLE0502.
Texto completoKnown as Early Warning Systems (EWS), financial crises forecasting models play a key role in definingeconomic policies at microeconomic, macroeconomic and international level. However, in the wake ofthe global financial crisis, numerous questions with respect to their forecasting abilities have been raised,as very few signals were drawn prior to the starting of the turmoil. Two questions arise in this context:how to evaluate EWS forecasting abilities and how to improve them?The broad goal of this applied econometrics dissertation is hence (i) to propose a systematic model-free evaluation methodology for the forecasting abilities of EWS as well as (ii) to introduce new EWSspecifications with improved out-of-sample performance. This work has been concretized in four chapters.The first chapter introduces a new approach to evaluate interval forecasts which relies on the binomialdistributional assumption of the violations series. The second chapter proposes an econometric evaluationmethodology of the forecasting abilities of an EWS. We show that adequate evaluation must take intoaccount the cut-off both in the optimal crisis forecast step and in the model comparison step. The thirdchapter points out that crisis dynamics (persistence) is essential for the econometric specification of anEWS. Indeed, dynamic logit models lead to better out-of-sample forecasting probabilities than those oftheir main competitors (static model and Markov-switching one). Finally, a multivariate dynamic probitEWS is proposed in the fourth chapter to take into account the causality between different types of crises(banking, currency, sovereign debt). The empirical application shows that the trivariate model improvesforecasts for countries that underwent the three types of crises
Dumitrescu, Elena. "Econometric Methods for Financial Crises". Thesis, Orléans, 2012. http://www.theses.fr/2012ORLE0502/document.
Texto completoKnown as Early Warning Systems (EWS), financial crises forecasting models play a key role in definingeconomic policies at microeconomic, macroeconomic and international level. However, in the wake ofthe global financial crisis, numerous questions with respect to their forecasting abilities have been raised,as very few signals were drawn prior to the starting of the turmoil. Two questions arise in this context:how to evaluate EWS forecasting abilities and how to improve them?The broad goal of this applied econometrics dissertation is hence (i) to propose a systematic model-free evaluation methodology for the forecasting abilities of EWS as well as (ii) to introduce new EWSspecifications with improved out-of-sample performance. This work has been concretized in four chapters.The first chapter introduces a new approach to evaluate interval forecasts which relies on the binomialdistributional assumption of the violations series. The second chapter proposes an econometric evaluationmethodology of the forecasting abilities of an EWS. We show that adequate evaluation must take intoaccount the cut-off both in the optimal crisis forecast step and in the model comparison step. The thirdchapter points out that crisis dynamics (persistence) is essential for the econometric specification of anEWS. Indeed, dynamic logit models lead to better out-of-sample forecasting probabilities than those oftheir main competitors (static model and Markov-switching one). Finally, a multivariate dynamic probitEWS is proposed in the fourth chapter to take into account the causality between different types of crises(banking, currency, sovereign debt). The empirical application shows that the trivariate model improvesforecasts for countries that underwent the three types of crises
Atiq, Zeeshan. "Essays on financial liberalisation, financial crises and economic growth". Thesis, University of Manchester, 2014. https://www.research.manchester.ac.uk/portal/en/theses/essays-on-financial-liberalisation-financial-crises-and-economic-growth(8ebde51d-189b-40e9-a4e1-098b8880301e).html.
Texto completoNguyen, Mai Lan. "Financial contagion and interactions between financial markets during global crises". Rennes 1, 2012. http://www.theses.fr/2012REN1G033.
Texto completoIn this thesis, we firstly focus on modeling financial market linkages to verify the degree of volatility spillovers, comovement, interdependence and contagion/flight to quality during financial crises. Our estimations require precise modeling of conditional variances-covariances and significant changes in dynamic conditional correlations between indices. As a result, we use some extensions of multivariate GARCH models, specific tests of contagion and Markov regime-switching models. The thesis results reveal clear evidence of volatility spillovers, coexistence of contagion and flight to quality, and the role of hedge funds in these phenomena during the ongoing financial crisis. This thesis further highlights the asymmetry effects of positive and negative shocks on volatility and correlations of hedge fund strategy returns, and explores the determinant factors of these correlations
Kapp, Daniel. "Financial crises : occurrence, costs and provisions". Thesis, Paris 1, 2013. http://www.theses.fr/2013PA010046.
Texto completoFinancial crises are extreme functional interruptions of the financial and monetary systems. This thesis is dedicated to the understanding of financial crises, their costs, and attempts to offer some insights for financial crisis provision. Chapter 1 tries to explain why some countries enjoy longer stability periods between financial crises than others. It considers the impact of macroeconomic and regulatory policies and introduces the Finite Mixture Model to overcome econometric problems of asymmetric, skewed, and multimodal distributions. In Chapter 2, an approach to estimate real output costs of financial crises is proposed. The Loss Distribution Approach is used to study financial crises events in terms of frequency and severity. A theoretical model is developed in Chapter 3, endeavouring the optimal size and the function of the European Stability Mechanism. The Chapter concludes that while both, 'Core' and 'Periphery' Europe have an interest in the existence of the ESM, contributions to the ESM and its size vary substantially depending on costs and spillover effects. The effects of a crisis prevention tool and effort to diminish bank opacity - bank stress tests - are analyzed in Chapter 4, gauging to what extent European bank stress tests exerted an influence on bank's stock and CDS returns, as well as market structures
Benink, Harald Alexander. "Financial fragility". Maastricht : Maastricht : Universiteit Maastricht ; University Library, Maastricht University [Host], 1996. http://arno.unimaas.nl/show.cgi?fid=6710.
Texto completoKaran, Boris. "Changes of financial system in the context of financial crisis". Master's thesis, Vysoká škola ekonomická v Praze, 2017. http://www.nusl.cz/ntk/nusl-359881.
Texto completoKim, Wangsik. "Economic crisis and financial reform in Japan and Korea". free to MU campus, to others for purchase, 2003. http://wwwlib.umi.com/cr/mo/fullcit?p3100053.
Texto completoAdnan, Noureen. "Financial development, economic growth and crises". Thesis, University of Surrey, 2012. http://epubs.surrey.ac.uk/770388/.
Texto completoBoonprakaikawe, Juntip. "Multiple equilibria, information and financial crises". Thesis, University of Warwick, 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.398741.
Texto completoMousavizadeh, Nader Alexander 1969. "Sovereignty and intervention in financial crises". Thesis, Massachusetts Institute of Technology, 2004. http://hdl.handle.net/1721.1/17893.
Texto completo"June 2004."
Includes bibliographical references (leaves 82-86).
Sovereignty today is conditional, compromised and contractual in ways that require a reassessment of the doctrine of sovereignty in an era of globalization and global capital markets. Taking as a case study Indonesia during its financial crisis in 1997-1998, this thesis explores the sovereign ability of a state such as Indonesia to act effectively and independently in its own economic interest in a crisis. The argument of this thesis that sovereignty today is conditional, compromised and contractual to an unprecedented degree rests on two pillars: first, that a universal awareness of human rights increasingly has imposed a contract on sovereign leaders demanding, as a condition for the right to sovereign non-interference, that they respect the most fundamental human rights of their citizens. Second, as the case of Indonesia will demonstrate, that in the global economy where contagion is a real and dangerous phenomenon, countries must accept IMF conditionality or find themselves cut off not only from assistance from the International Financial Institutions but, more importantly, from private investors whose loss of confidence in an economy can trigger a serious financial crises with severe long-term consequences for the society as a whole.
by Nader Alexander Mousavizadeh.
M.B.A.
Kumar, Rishi 1979. "The dynamics of global financial crises". Thesis, Massachusetts Institute of Technology, 2003. http://hdl.handle.net/1721.1/29671.
Texto completoIncludes bibliographical references (p. 43-44).
This research aims to develop a Markov chain model of the transmission of financial crises. It uses a mathematical programming framework to determine the transition probabilities that describe the crisis dynamics. The framework allows for modelling and comparing various channels of contagion, such as investments and bilateral trade.
by Rishi Kumar.
M.Eng.and S.B.
Amonlirdviman, Kevin 1975. "The dynamics of global financial crises". Thesis, Massachusetts Institute of Technology, 2002. http://hdl.handle.net/1721.1/8516.
Texto completoIncludes bibliographical references (p. 57-58).
This thesis presents a Markov chain model of the transmission of financial crises. Using bilateral trade data and a measure of exchange market pressure, it develops a method to determine a set of transition probabilities that describe the crisis transmission dynamics. The dynamics are characterized by one month conditional crisis probabilities and the probability of a crisis occurring within one year. Calculations of the transition probabilities for a three country example suggest that minor trading partners can increase the likelihood of a crisis in the home country through their effect on major trading partners.
by Kevin Amonlirdviman.
S.M.
Feijer, Diego (Diego Francisco Feijer Rovira). "Financial market failures and systemic crises". Thesis, Massachusetts Institute of Technology, 2015. http://hdl.handle.net/1721.1/101570.
Texto completoCataloged from PDF version of thesis.
Includes bibliographical references (pages 97-103).
This thesis contributes to the theoretical literature that studies the macroeconomic implications of financial frictions. It develops frameworks to address different financial market failures, and evaluate preventive policies to mitigate the vulnerability of the economy to costly systemic crises. First, it identifies a credit risk (fire sale) externality that justifies the macroprudential regulation of short-term debt to mitigate the probability of systemic bank runs. Without regulation, banks do not internalize how their funding decisions affects the terms at which other market participants can obtain credit. The formal welfare study conducted, provides a general equilibrium notion of systemic risk that captures both fundamental insolvency and illiquidity risk. It also connects this measure with the optimal Pigouvian (corrective) tax. Second, it shows that liquidity crises may arise as the result of endogenous information panics. It finds that collective ignorance is welfare maximizing but it is fragile, susceptible to self-fulfilling fears about asymmetric information. Adverse selection may thus obtain in equilibrium, sustained by negative aggregate expectations. The mechanism that gives rise to multiple equilibria is robust to the introduction of noisy private signals, and warrants the regulation of information acquisition for rent-seeking (speculative) motives. Finally, it demonstrates the limitations of unconventional credit easing policies to stimulate lending during market-freezes. With inter-temporal investment complementarities, credit to non-financial firms may be curtailed as the result of dynamic coordination failures. Interest rate cuts mitigate coordination risk, but increase the average duration of credit market freezes when the productivity of capital is high. Capital injections in the banking sector, or direct lending to non-financial firms, are completely ineffective, because reductions in deposits from households crowd out government spending. In contrast, government guarantees improve welfare by reducing strategic uncertainty.
by Diego Feijer.
Ph. D.
Manning, Brett. "Does economic inequality cause financial crises?" Thesis, Durham University, 2014. http://etheses.dur.ac.uk/10654/.
Texto completoCandelon, Bertrand. "A clinical analysis of financial crises". Maastricht : Maastricht : Universiteit Maastricht ; University Library, Maastricht University [Host], 2008. http://arno.unimaas.nl/show.cgi?fid=13643.
Texto completoScheikh, Elard Ilaf. "Essays on financial instability and crises". Thesis, University of Oxford, 2015. https://ora.ox.ac.uk/objects/uuid:4e78bb04-a17d-484a-b738-b3e7a9e33456.
Texto completoPan, Wenjun y 潘文君. "Land/real estate development and financial crisis : a case study of financial crises during 1980-2013". Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2014. http://hdl.handle.net/10722/211028.
Texto completopublished_or_final_version
China Development Studies
Master
Master of Arts in China Development Studies
Harr, Thomas. "Essays in banking regulation and financial crises /". Copenhagen, 2004. http://www.gbv.de/dms/zbw/394581245.pdf.
Texto completoAtsebi, Bédhat Jean-Marc. "Essays on Financial Crises and Growth Surges". Thesis, Université Clermont Auvergne (2017-2020), 2020. http://www.theses.fr/2020CLFAD006.
Texto completoThis dissertation studies two phenomena that have been widespread in many countries of the world through history and have huge implications for development, namely the financial crises and growth surges. The first part, comprising two chapters (chapters 2 and 3), analyzes the sectoral trade and output costs of financial crises in the context of developing and emerging countries. It also examines the channels by which financial crises affect trade and output and assess the role of fiscal policy and space to alleviate the output costs. The second part, comprising also two chapters (chapters 4 and 5) turns our attention to the determinants of growth surges in countries and the International Monetary Fund's role in igniting growth surges. Chapter 2 studies the response of different types of trade (i.e. agricultural, mining, and manufactured goods, and services) following various types of financial crises (i.e. debt, banking, and currency crises) in 41 emerging countries over the period 1980-2018. It reveals that the collapse of total trade in the aftermath of financial crises is long-lasting and mainly driven by the fall of manufacturing trade. Also, trade in both mining goods and services declines following several types of financial crises, while trade in agricultural goods seems to benefit from a possible substitution effect particularly following debt crises. These trade costs are reinforced for combined crises and can be explained by compositional and structural (trade structure and diversification), demand-side (fall in demand for goods and services), and supply-side channels (disruption of financial development, fall of net capital inflows and deterioration of credit ratings). Chapter 3 studies how fiscal policy space shapes the dynamics of output losses in the aftermath of financial crises and normal recessions in a sample of 35 developing and 56 emerging countries over the period 1985-2017. It reveals that the availability of fiscal space in the aftermath of financial crises and normal recessions generates a mixed fiscal environment with different output losses of shocks. In countries with enough fiscal space, governments can enact credible fiscal policy expansion by increasing their deficit and using their fiscal space to alleviate the costs of financial crises and normal recessions. In such a situation, private consumption and investment, as well as net capital inflows, increase, which favors a rapid recovery. In countries with limited fiscal space, the story is different and painful; governments immediately trade output stabilization goals out to address the debt sustainability issues while implementing fiscal consolidations, which deepens the recessionary forces. Besides, in these countries, private consumption and investment, as well as net capital inflows, are depressed, and recovery, if any, is a distant and uncertain prospect. Chapter 4 studies the determinants of growth surges. It identifies 132 episodes of growth surges in 117 countries over the period 1980-2010 and finds that improvements in macroeconomic stability and external factors and endowments favor a higher probability of growth surge. They are followed by structural reforms, investments, labor and productivity, trade diversification and quality, and lastly by institutions. Besides, it shows that countries can maximize the likelihood of igniting growth surges if they jointly achieve significant improvements in macroeconomic stability and external conditions and endowments, on one hand, and other determinants, on the other hand. Moreover, significant changes in macroeconomic stability, and to some extent, external factors and endowments may be considered as dominant strategies to ignite a growth surge, as no improvements in these determinants, generally constraint the other determinants to have a smaller effect on growth surges. Chapter 5 engages and contributes to the debate on the effectiveness of the IMF in promoting growth. (...)
Khan, Salman. "Essays on financial crises, Contagion and Intervention". Thesis, Aix-Marseille 3, 2011. http://www.theses.fr/2011AIX32033.
Texto completoThe objective of the dissertation is to study various aspects of financial crisis 2007-09. Overall there are two kinds of objectives that are pursued in this dissertation: the first objective is to decipher the linkages between different stock markets, real estate markets and oil markets in order to assess the return and volatility spillover effects. The focus in this area is on the level of integration among the markets during different periods of time including crisis. This area is investigated through developing three separate essays. The first essay tests the Russian government claim that shocks originating in foreign markets were primarily responsible for its stock market panic during September-October 2008. Using financial contagion framework, the results indicate that the Russian stock market is weakly integrated with the US and European market in turn discarding the government claim. In bivariate market comparison, the results indicate that Russian market emits high level of shocks affecting the correlation structure between Russia and foreign markets while the reverse is true in case of volatility spillover effects. It is concluded that the governments should not use the justification of foreign shocks affecting the local markets during global crisis. Akin to foregoing analysis, we look at the transmission of shock and volatility in the Real Estate Investment Trust (REIT) markets. Since by law REITs are required to invest a large portion of their investments in real estate, the role of REITs in spreading the subprime mortgage crisis across the globe has been assessed. The initial analysis indicates that during crisis all markets are granger causing each other. The result is in compliance with the widely held view that the stock markets behave alike during global crisis. Next the integration between USREITs and global REITs and S&P500 has been examined. The results indicate USREITs is weakly integrated with the global REITs implying low level of bidirectional shock and volatility spillover while the reverse is true in case of USREITs- S&P500. Finally the integration between S&P500 and global REITs has been explored. The results suggest weak integration between S&P500 and global REITs. The shocks are mainly transmitted from S&P500 to global REITs. Over all the study concludes that neither USREITs nor S&P500 can create a wider panic in the global REIT markets during crisis. These weak linkages points towards portfolio diversification benefits as well.Studying the crisis at the next level, we analyze short-run as well as long-run relationship between crude oil price and stock markets for Brazil, Russia, India and China (BRIC) within a constrained structural modeling framework. Our findings indicate that BRIC stock markets to certain extent follow the efficient market hypothesis such that in case of oil importing country a positive oil price shock cause the stock market to fall and the reverse is true for an oil exporting country. Two important behaviors have been identified related to short-run interest rate and industrial production. The rise in oil prices generate inflation which is countered by increase in short-run interest rate. At the same time, industrial production tends to increase in real terms instead of decreasing in view of oil price shock (increase in oil price). The result can be attributed to hedging oil price risk with physical delivery. Once the hedge contract starts expiring after 30, 90 or 180 days the impact of oil price starts reducing the industrial production. The second objective of the dissertation is to study the government intervention specifically in the stock markets and generally in the economy. From stock market perspective, we analyze the case of Russian government repeated intervention in its national stock markets during late 2008. Using event-study methodology the findings indicate weak evidence that government intervention can in fact prevent stock market from external financial shocks. The study strongly recommends that the governments should not intervene during stock market crisis.Studying the case of general economy, a new idea has been developed and floated regarding central bank’s intervention directed to preempt an Asset Price Bubble (APB). The economic theory regarding central bank monetary policy intervention has been found to suffer from various problems in the event an APB occurs, such as, -time lag, -cannot affect bubbled sector alone as well as –irrelevance of traditional bank-lending channel. To deal with these issues the study brings forward the idea of regulatory intervention based on certain text book assumptions. The idea entails that contrary to traditional monetary policy intervention, the central bank should impose credit exposure limits for a particular sector on credit institutions. These limits should be imposed once the central bank finds out the abnormal increase in prices in a given sector of the economy. Our preliminary findings suggest that idea of regulatory intervention has the potential to preempt the APB
Feldman, Todd. "Portfolio manager behavior and global financial crises /". Diss., Digital Dissertations Database. Restricted to UC campuses, 2009. http://uclibs.org/PID/11984.
Texto completoJackson, Jessie Hyman. "Strategies Church Financial Leaders Use for Financial Sustainability during Economic Crises". Thesis, Walden University, 2018. http://pqdtopen.proquest.com/#viewpdf?dispub=13422045.
Texto completoChurch financial leaders were affected by the economic crisis after the 2008 recession. In a 2009 group study conducted nationwide with church financial leaders, 57% stated that the economy had a negative effect on their church budgets. The purpose of this qualitative multiple case study was to explore successful strategies that some church financial leaders used to ensure financial sustainability during economic crises. Resource dependence theory was the conceptual framework. Data were collected from 6 church financial leaders at 4 churches in the northeastern region in the United States; church financial leaders were selected through purposeful sampling to participate in semistructured interviews. Data were also collected from church documents, such as financial records and budget statements. These data were analyzed to identify emerging themes using Yin’s 5-phase process: compiling, disassembling, reassembling (and arraying), interpreting, and concluding. The 3 themes that emerged from the data analysis were (a) provide strategies to acquire external resources, (b) specify plans to establish internal strategic factors, and (c) provide strategies to improve financial and strategic management. Findings and recommendations of the study could contribute to positive social change by providing church financial leaders with successful strategies to ensure financial sustainability during economic crises and by increasing church revenue and improving social programs, which help improve the needs of staff, members, and people in the community.
Gros, Stéphane Sandretto René. "The 1996-1997 financial crisis in Bulgaria links between the banking and currency crises /". Lyon : Université Lumière Lyon 2, 2004. http://demeter.univ-lyon2.fr:8080/sdx/theses/lyon2/2004/gros_s.
Texto completoTitre provenant de l'écran-titre. Bibliogr.
Cotovio, Marlene Jorge de Abreu. "A Globalização e a Crise de 2007". Master's thesis, Instituto Superior de Economia e Gestão, 2010. http://hdl.handle.net/10400.5/2934.
Texto completoO objectivo deste trabalho é estudar o fenómeno de globalização e a sua relação íntima com as crises que se geram. Neste caso específico, pretende-se estudar a evolução do fenómeno, que é a globalização e a sua relação intrínseca com a crise global mais recente (2007). A metodologia empregue integra consultas de artigos científicos, livros, jornais, revistas, etc, que permitam efectuar o estudo referido. A ausência de regulação e supervisão, por parte de entidades supranacionais e reguladoras potenciou, de forma decisiva, a rápida evolução da crise. Por fim, a preocupação necessária com o meio ambiente, num contexto de crise não é devidamente relevada, devido às pressões por parte dos diversos países (um acordo global é difícil de alcançar). Porém, um dos aspectos mais importantes a sublinhar perante a crise, é o facto de crises financeiras graves não serem arcaicas e não se encontrarem só na história passada. Esta situação reforça a necessidade de existência de uma regulação e supervisão assertiva, que acompanhe as evoluções dos mercados de forma a minimizar as probabilidades de práticas engenharia e criatividade financeira nefastas, protegendo a humanidade de crises semelhantes, no futuro. Finalmente importa acrescentar que a duração, profundidade e implicações desta crise ainda não são passíveis de comentar, pelo simples facto de ainda não se ter saído da mesma.
The objective of this work is the study of the phenomena of globalization and its intimate relation with the crisis which are generated. In this specific case, the evolution of the phenomena of globalization and its inherent relation with the most recent global crisis will be studied (2007). The methodology used includes consultation of scientific articles, books, newspapers, magazines, etc, which help research the above-mentioned topic. The lack of regulation and supervision by supranational and regulating entities was crucial to give rise to the rapid evolution of the crisis. Finally, the necessary concern with the environment, in a context of crisis is not focused enough due to pressure from various countries (it's difficult to reach a global compromise). However, one of the most important aspects to underline about the crisis is the fact that financial crisis are not archaic and they did not happen only in the past. This situation reinforces the need of regulation and assertive supervision which follow the evolution of the markets in order to minimize the chances of baleful experiences of financial engineering and creativity, and in order to protect the humanity from similar crisis in the future. Finally, one should add that the duration, depth and implications of this crisis cannot be commented, because it hasn't been solved yet.
Kreston, Nicholas Alexander. "Post-Keynesian financial spaces, places, and flows : geographies of finance and financial crisis". Thesis, University of Oxford, 2014. http://ora.ox.ac.uk/objects/uuid:3ea77af2-650c-456a-a4c2-5ee67c83d293.
Texto completoWan, Chi-yiu. "Asian financial turmoil". Hong Kong : University of Hong Kong, 1999. http://sunzi.lib.hku.hk/hkuto/record.jsp?B21241089.
Texto completoChan, Siu-fun Cynthia. "Asian crisis Indonesia and Hong Kong /". Click to view the E-thesis via HKUTO, 1999. http://sunzi.lib.hku.hk/hkuto/record/B31951855.
Texto completoSpotton, Brenda L. (Brenda Lynn). "A study of financial instability". Thesis, McGill University, 1993. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=41138.
Texto completoWan, Chi-yiu y 溫智堯. "Asian financial turmoil". Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1999. http://hub.hku.hk/bib/B31952380.
Texto completoMa, Zihui. "Essays on financial crisis /". View abstract or full-text, 2004. http://library.ust.hk/cgi/db/thesis.pl?ECON%202004%20MA.
Texto completoHogan, Mary Vivianne. "Sovereignty, state and security after the Asian financial crisis: the cases of Indonesia and South Korea". Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2004. http://hub.hku.hk/bib/B31245365.
Texto completoSchüler, Yves Stephan [Verfasser]. "Macroeconomic Interdependencies During Financial Crises / Yves Stephan Schüler". Konstanz : Bibliothek der Universität Konstanz, 2014. http://d-nb.info/1053231261/34.
Texto completoFunke, Manuel [Verfasser]. "Financial Crises: Political and Social Implications / Manuel Funke". Berlin : Freie Universität Berlin, 2017. http://d-nb.info/1138980676/34.
Texto completoMenzies, Gordon Douglas. "Currency and financial crises : dividing the (negative) spoil". Thesis, University of Oxford, 2001. http://ora.ox.ac.uk/objects/uuid:11c59ab0-52ae-41b0-9bfd-7bf188d12bfb.
Texto completoDimova, Dilyana. "The role of consumer leverage in financial crises". Thesis, University of Oxford, 2015. http://ora.ox.ac.uk/objects/uuid:cdc19fb0-183e-414e-90a6-ddac394e2ed1.
Texto completoBaechler, Guillaume. "Investor Behaviour Facing Risk : Neurofinance and Financial Crises". Thesis, Toulouse 1, 2016. http://www.theses.fr/2016TOU10022/document.
Texto completoThis thesis studies the investors behaviour through their performance and their expectations during the 2008-2011 financial crises as well as their beliefs formation. It consists of three chapters. In the first chapter, we review the literature on individual investors performance, their behavioural biases and their preferences. We highlight their lack of performance on financial markets and their main behavioural biases. We also exhibit the contribution of neurosciences in the understanding of the investor’s brain. In the second chapter, we study the impacts of the 2008-2011 financial crises on individual investors returns and their expectations towards their financial intermediaries in four different countries: Belgium, France, Germany, Luxembourg. We also consider investors differences regarding their endowment, inside each country and globally. Our dataset is extracted from questionnaires administered to asset managers in the main banks in the countries considered as well as historical market data for each country. We show that wealthier investors are less risk averse and their level of risk aversion has not changed with financial crises whatever the country considered. Furthermore, these wealthier investors adopt less conservative investment strategies than retail ones. We notice an important shift regarding the investors’ expectations towards their financial intermediaries, since the crises they ask for more transparency and more client services. We also show that these expectations may be contradictory a bit in retail investors. In the third chapter, we provide an experimental test of investors beliefs formations according to Brunnermeier and Parker model (2005). For this purpose, we use a two identical lotteries design except in terms of skewness. We show that participants to this experiment feel anticipatory emotions once they have learned the lottery they will play. These emotions are formed from the second waiting minute and remain stable until they learn their gains. Besides, anticipatory emotions are as strong as emotions felt once the payoffs known. Finally, we demonstrate that subjects participating in the positively skewed lottery exhibit less self-regulation than other subjects. Hence, their emotions are stronger and more persistent
Magagula, Sifiso Charles. "Liquidity linkages between the South African bond and equity markets". Thesis, Nelson Mandela Metropolitan University, 2014. http://hdl.handle.net/10948/d1020758.
Texto completoGros, Stéphane. "The 1996-1997 financial crisis in Bulgaria : links between the banking and currency crises". Lyon 2, 2004. http://theses.univ-lyon2.fr/documents/lyon2/2004/gros_s.
Texto completoTsopanakis, Andreas. "Essays on financial stability, systemic risk and the spillover effects of financial crises". Thesis, University of Glasgow, 2014. http://theses.gla.ac.uk/5496/.
Texto completoKnowles, Sophie. "Financial journalism through financial crises: The reporting of three boom and bust periods". Thesis, Knowles, Sophie (2013) Financial journalism through financial crises: The reporting of three boom and bust periods. PhD thesis, Murdoch University, 2013. https://researchrepository.murdoch.edu.au/id/eprint/22259/.
Texto completoHvizdos, Meghan Danielle. "The great American debate a constructionist approach on the media's coverage of government bailouts /". Morgantown, W. Va. : [West Virginia University Libraries], 2010. http://hdl.handle.net/10450/11046.
Texto completoTitle from document title page. Document formatted into pages; contains vi, 69 p. : ill. (some col.). Includes abstract. Includes bibliographical references (p. 68-69).
Blengini, Isabella. "Essays in International Economics". Thesis, Boston College, 2011. http://hdl.handle.net/2345/2159.
Texto completoThis thesis includes two essays that analyze some features of the past financial crises. In the first chapter I study the possible reasons why investors reduced their holdings of foreign equities, and, at the same time, they increased their holdings of short-term government bonds, during the 2007 financial crisis that first hit the U.S. economy and soon became a world crisis. More precisely I analyze how the increases in uncertainty during the crisis affected capital flows. I use a two country DSGE model and I assume that there is trade in both goods and financial assets. I assume that each country is allowed to issue equities and government bonds, and I assume that each economy is hit by three types of shocks: Preference, productivity and government spending shocks. I proxy the increase in uncertainty with the introduction of uncertainty shocks, i.e. I allow the variances of the shocks to be time-varying. My findings show that uncertainty is a source of portfolio-dynamics that can contribute to explain, together with the other sources already identified in the literature, deviations of the portfolio from its steady-state. Investors choose their portfolio with the goal to smooth consumption. Therefore they want to hold assets with returns that display a negative covariance with consumption. When uncertainty shocks hit, the way in which the real variables of the model covary with asset returns changes. As a consequence, agents need to re-adjust their portfolios until when the shock has disappeared. I also show under which conditions it is rational for investors to increase their holdings of foreign government bonds and, at the same time, reduce their holdings of foreign equity, in response to an increase in global uncertainty. My findings show that the response of the portfolio to an increase in uncertainty crucially depends on the source of uncertainty. If uncertainty comes from aggregate demand, it is optimal for agents to increase their holdings of foreign bonds and reduce their holdings of foreign equity. If instead the source of uncertainty is aggregate supply, agents find it optimal to increase their holdings of foreign equity and reduce their holdings of foreign bonds. This finding suggests that the movements of capital that took place during the crisis are compatible with an increase in uncertainty coming from aggregate demand. This result is supported by those theories that identify the collapse in demand as the main cause of the slump experienced by the U.S. and by many other economies during the crisis. In the second chapter I study the currency denomination of the debt in emerging countries. Empirical studies have shown that emerging countries are often characterized by the presence of a high share of foreign currency denominated debt. As the debt crises of the 1990s show, the presence of foreign currency debt can be risky because, beyond creating a mismatch in the domestic firms' balance sheets, it also constraints the traditional domestic policy instruments in dealing with home and foreign economic shocks. The reasons why such risky forms of international finance arise in the first place remain an open question. If foreign debt is so dangerous-as it is-it may be worth trying to give a micro-foundation to its emergence. Such a high share of foreign currency debt should be at least in part justified by the presence of some private benefits for the agents that choose this form of finance. The goal of this chapter is to rationalize the choice to borrow in dollars rather than in domestic currency on the international markets. In order to do so, I study how informational asymmetries and heterogeneous expectations can affect the choice of a borrower to expose herself to a currency risk. Furthermore I look at the policy implications of my findings to understand which policies could reduce the incentive of agents to dollarize. My model is a portfolio choice model with asymmetric information that analyzes how agents choose the currency denomination of their debt. The main findings of my model show that when domestic agents have a high informational advantage and/or there is a low level of transparency on international markets, an increase in the degree of dollarization might be observed, if the fundamentals are relatively strong. Alternatively, if there is endogeneity between the exchange rate policy implemented by the monetary authority and domestic agents' decisions, a certain degree of complementarity in borrowers' choices may arise, thus creating a phenomenon of {it moral hazard}. If domestic agents know that a high share of dollar debt in the economy makes the exchange rate more rigid, they may want to coordinate on the equilibrium where all the corporate debt in the economy is denominated in the same currency, even when the fundamentals of the economy are relatively weak. These results have interesting policy implications. A benevolent central bank that strongly bases her policy on the degree of dollarization in the economy, can generate a coordination mechanism among the domestic borrowers that results in a risky degree of dollarization. The solution would be to ex-ante choose a central banker with a strong preference for a flexible exchange rate. My findings also show the importance of transparency. Transparency does not necessarily coincide with public information. My model actually shows that the precision of private sources of information determines the degree of dollarization. If international markets could have access to some sources of private information, they would be more willing to lend in pesos, when the fundamentals are relatively strong. As a consequence the economy would not experience high levels of dollarization and would be better protected against future negative shocks
Thesis (PhD) — Boston College, 2011
Submitted to: Boston College. Graduate School of Arts and Sciences
Discipline: Economics
Moheeput, Ashwin. "Essays on financial systems, banking crises and emerging markets". Thesis, University of Warwick, 2010. http://wrap.warwick.ac.uk/80917/.
Texto completo