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Essays On International Banking Regulation, Wenqing Gao
Essays On International Banking Regulation, Wenqing Gao
Theses and Dissertations
The first chapter analyzes the impact of macroprudential policies on bank systemic risk worldwide. Using data from 63 countries over 2001-2017, I find strong evidence that macroprudential policies are effective in reducing systemic risk at the country level. The effectiveness of macroprudential policies differs across countries in the sample. Macroprudential policies are more effective in reducing systemic risk in countries with more advanced economic development, with a higher degree of concentration in the banking sector, and with less stringent micro-prudential regulations. Bank-level evidence suggests that bank size matters. The impact of macroprudential policies on constraining bank systemic risk is more …
How Information Technology Investment Influences Firm Financial Vulnerability, Andrew S. Miller
How Information Technology Investment Influences Firm Financial Vulnerability, Andrew S. Miller
Theses and Dissertations
Information technology (IT) investments have increased over the last half-century without clear justification in academic or practice-based literatures. One area that has not been adequately addressed in the past literature is the role of IT investments in mitigating firm financial vulnerability. This dissertation specifically attempts to understand the marginal effects of IT investments on financial vulnerability as defined by firm risk and R&D depreciation. Two research questions are pursued to help explain the role IT investments play in firm financial vulnerability: 1) What is the relationship between IT investments and R&D depreciation? and 2) What is the relationship between IT …