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How Do Financial Institutions In China Mitigate Risks In Securitization Markets?, Tiantian Lyu Aug 2018

How Do Financial Institutions In China Mitigate Risks In Securitization Markets?, Tiantian Lyu

Honors College Theses

Asset securitization as the essential financial tool has increased the liquidity of underlying assets and promoted rapid economic development. In 2008, the outbreak of Subprime Mortgage Crisis that brought by the collapse of securitization triggered the U.S. securitization market to realize the risks involved in structured financial products, and thus facilitated the development of risk controlling tools. Through the analysis of securitization process, drivers, and credit rating agencies, the study concentrates on the formation of risks and modeling evaluation with evidence in both China and the U.S. markets. Statistical analysis was conducted on Chinese securitized products combining with risk management …


Examining Moral Hazard In The Healthcare Insurance Market, Samuel Ashby Jul 2018

Examining Moral Hazard In The Healthcare Insurance Market, Samuel Ashby

Honors College Theses

This study aims to examine the effect of insurance coverage on medical expenditure in the United States. The data was gathered from the Household Component Medical Expenditure Panel Survey and is a cross-sectional data set with a sample size of approximately 1500 observations. The study also distinguishes between public and private insurance coverage to compare the potential moral hazard in the two separate markets. The results of this study suggest that insurance status, specifically public, has a strong positive effect on healthcare expenditure. This result, combined with a negative relationship between household income and healthcare expenditure, suggests that the source …


The Impact Of Remittances On Education Attainment: Evidence From Dominican Republic, Tahiya Begum Jul 2018

The Impact Of Remittances On Education Attainment: Evidence From Dominican Republic, Tahiya Begum

Honors College Theses

This paper will examine the relationship between remittances and education attainment focusing on Dominican Republic in 2002. This study will focus on households in Dominican Republic using surveys from IPUMS international and the data is cross-sectional. Sending remittances increases the income for households, which in return, influences the spending on education. The study of remittances is analyzed in a more cultural and social value rather than entirely economic. The dynamic and structure of a family is crucial when studying the effects of remittances in a developing country. Key findings from this analysis is that the relationship between education attainment and …


Microfinance, Msmes And The Macro Economy: Evidence From India, Monica Casabona Jul 2018

Microfinance, Msmes And The Macro Economy: Evidence From India, Monica Casabona

Honors College Theses

Much of prior literature on the relationship between microfinance and the macro-economy has focused on the effect of the latter in determining the success of microfinance institutions (MFIs). However, the microfinance industry has been underserved in studies evaluating microfinance as a legitimate contributor toward macro-economic growth. Researching this connection would provide a clearer direction for policymakers to support microfinance, and the institutions that foster such activities. This paper investigates the hypothesis that microfinance is not only important to the people at the bottom of the socio-economic pyramid, but for the overall health of a national economy. We explore different mechanisms …


The Economic Impact Of Failing Infrastructure In The New York Metropolitan Area, Nicholas Travis Jul 2018

The Economic Impact Of Failing Infrastructure In The New York Metropolitan Area, Nicholas Travis

Honors College Theses

Infrastructure in the New York Metropolitan Area has been seriously underfunded due to a failure of public investment on the local, state and federal level. Prior research has presented concrete reasoning that the now crumbling infrastructure will seriously affect economic growth and worker productivity. This research seeks to quantify the economic effects as a result of this failing infrastructure. My research asks: what are the concrete, additional economic expenditures, due to failing infrastructure, that drivers spend each year? How much do these economic costs decrease our economic productivity, and how do the economic costs compare with proposed infrastructure improvements? From …


The New Financial Framework For The Cuban Non-State Sector, Pavel Vidal, P.V. Viswanath Jun 2018

The New Financial Framework For The Cuban Non-State Sector, Pavel Vidal, P.V. Viswanath

Faculty Working Papers

A cornerstone of the current Cuban economic model reforms is its opening to the non-state small-scale sector. Using the results of a survey of non-state businesses, we look at the provision of financial services to the small- and medium-sized enterprises in the non-state sector from two perspectives: first, the nature of the new credit regulations and bank policies and how they accomplish the evaluation of credit to a hitherto non-existent sector; and second, how these small business clients view their relationship with their lender state banks. We look at Cuba from the perspective of a socialist economy in transition and …


Microfinance And The Decision To Invest In Children’S Education, P.V. Viswanath Feb 2018

Microfinance And The Decision To Invest In Children’S Education, P.V. Viswanath

Faculty Working Papers

Although one of the primary objectives of microfinance has been the reduction of poverty through the provision of credit for income-generating purposes, evidence of its impact on poverty has been mixed. Even if there is no direct impact of microfinance, there may be an indirect positive impact through the effect of microcredit availability on families’ decisions to invest in their children’s education. In this paper, I describe a study undertaken to gauge the impact of microcredit availability on education expenditures for children of clients of a South Indian microfinance institution. I first look at some determinants of the demand for …


Predictive Modeling Of The Non-Profit Sector In The Us, Francisco J. Quevedo, Andrea K. Quevedo-Prince Jan 2018

Predictive Modeling Of The Non-Profit Sector In The Us, Francisco J. Quevedo, Andrea K. Quevedo-Prince

Student and Faculty Research Days

The Non-Profit Sector contributes almost $1 trillion to the US economy, representing 5.4% of GDP, and generating over 12 million jobs in 2017. Yi (2010) suggests that a better understanding of the factors that affect fundraising should be of great interest to policy makers, and fundraisers. However, the workings of the sector are subject of much debate. Matsunaga, Yamauchi and Okuyama (2010) relate its size to the Theory of Government Failure. Sokolowski (2013) proposes that government funding does have a positive effect on revenues. Curry, Rodin and Carlson (2012) suggested they swing with GDP, but, Berman, Brooks …