Finance and Financial Management Commons^™

Testing For Complete Pass-Through Of Ex Ass-Through Of Exchange Ra Ange Rate Without Trade Barriers, Tengfei Zhang, Tianxiang Li, Tomas Baležentis

Faculty Publications

The objective of this paper is to test whether the complete pass-through of exchange rate exists when there are almost no transaction costs and in the environment of competitive market. In general, the literature claims that the pass-through of exchange rate is incomplete due to imperfect market, i.e. the presence of transaction costs and imperfect competition. The quasi-experimental case of the food import to Hong Kong from Mainland China is considered in the analysis. The results show that the pass-through of the exchange rate of Chinese RMB against to US dollar to Hong Kong's food import price is complete in …

Institutional Investors, Asset-Backed Securities, And Single-Family Rental Homes: A Revolution Doomed To Fail Or The Building Of A Future Empire, Brandon Deshotels

Honors Theses

No abstract provided.

Essays On Mortgage Portfolio Diversification, Timothy Patrick Dombrowski

LSU Doctoral Dissertations

Portfolios of mortgage loans played an important role in the Great Recession and continue to compose a material part of bank assets. The distribution of mortgage portfolio returns, and consequently, the risk of these portfolios, is quite distinct even from other fixed income asset classes. This dissertation contains three essays, each aiming to analyze a specific component of risk in mortgage portfolios and role of geographical diversification in reducing this risk.

The first essay investigates how cross-sectional dependence in the underlying properties flows through to the loan returns, and thus, the risk of the portfolio. In addition to demonstrating this …