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Full-Text Articles in Social and Behavioral Sciences
Three Essays On U.S. Household Debt And The Sources Of Systemic Financial Fragility, Thomas Herndon
Three Essays On U.S. Household Debt And The Sources Of Systemic Financial Fragility, Thomas Herndon
Doctoral Dissertations
This dissertation consists of three essays which analyze the role of household debt in the financial crisis of 2007-2009, and weak recovery that followed. In these essays, I pursue the following research topics: 1) Estimation of the effects of mortgage fraud on losses to foreclosure, 2) Estimation of whether loan modifications increased or decreased debt, and 3) Analyzing the historical evolution of housing finance regulation to advance a proposal for reform. While formally independent, these essays share a common theoretical perspective located at the intersection of financial macroeconomics and political economy. These essays analyze how conflicts of interest and inside …
Three Essays On Economic Stages And Transition, Ricardo R. Fuentes-Ramírez
Three Essays On Economic Stages And Transition, Ricardo R. Fuentes-Ramírez
Doctoral Dissertations
Cuba and Venezuela have been argued to be examples of state capitalism, populist capitalism, socialism, or simply the ambiguous “mixed economy.” By focusing on these countries as social formations in movement, or in transition, a more adequate understanding is presented. The first essay develops a theory of socialist transition, with focus on the dynamic, rather than static character of socialism. Furthermore, worker cooperatives are analyzed with a focus on the roles they play in the different stages of the transition to socialism. Finally, this framework is utilized to analyze the experience of the Bolivarian Revolution in Venezuela. The second essay …