International Economics Commons^™

Essays On Inequality And Macroeconomic Stability, Thomas Hauner

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters. . .

Chapter 1: Aggregate Wealth and Its Distribution as Determinants of Financial Crises: Panel Evidence This essay investigates the relationship between wealth inequality and financial crises across a panel of nine advanced economies over the past 100 years. While substantiation of a role for income inequality is ambiguous in the literature, evidence is presented suggesting a unique capacity for the accumulation of assets to increase the likelihood of a future financial crisis episode. Testing long-run panel data with a reduced form, two-way fixed effects model, estimates suggest that increasing wealth inequality, in an …

Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin

Dissertations, Theses, and Capstone Projects

Essay 1: The theory of the Law of One Price (LOOP) is one of the most important theories in International Economics. I use financial markets to revisit the validity of the LOOP in the short run, and then extend the analysis into the long-run to examine whether events such as the Financial Crisis of 2007-2009 can lead to the failure of the LOOP or worsen deviations from it. Using the data on Canadian companies cross-listed on the New York Stock Exchange, I find strong support that the LOOP holds in a cross-sectional framework despite the fact that the sample includes …

Financial Crisis, Inclusion And Economic Development In The Us And Oic Countries, Shadiya T. Hossain

University of New Orleans Theses and Dissertations

The following dissertation contains two distinct empirical essays which contribute to the overall field of Financial Economics. Chapter 1, entitled “Financial Inclusion and Economic Development in OIC Member Countries,” examines whether the presence of Islamic finance promotes development and alleviates poverty. To do so, we estimate the influence of financial inclusion variables on development and poverty variables for OIC countries. Using data from the World Bank, we use dynamic panel analysis using methodology similar to Beck et al (2000) to study the effects of financial inclusion on economic development and use simple cross-sectional analysis similar to Beck et al (2004) …

Análisis De La Volatilidad De Las Tasas De Interés Frente A Crisis Económicas En Países Emergentes Caso Comparativo Entre Brasil Y Colombia 1993-2013, Jorge Mario Salcedo Mayorga, Juan Leonardi Ramírez Granados

Finanzas y Comercio Internacional

Colombia y Brasil como economías emergentes son susceptibles a los choques internacionales que se puedan presentar, generando volatilidad en el comportamiento de sus variables económicas, este estudio busca analizar cuál es el comportamiento de las tasas de interés de captación de ambos países frente a choques externos, tomando como referencia la tasa DTF para Colombia y CDB para Brasil a través de la estimación de modelos econométricos, en el periodo comprendido entre 1993 y 2013. Los resultados muestran que es necesario dividir la serie en dos partes cuando existe un cambio de régimen cambiario (año 2000 para Colombia y 1999 …