Open Access. Powered by Scholars. Published by Universities.®
- Discipline
- Keyword
-
- Cointegration (2)
- Financial crisis (2)
- Affine (1)
- Asset pricing (1)
- Budget Deficits (1)
-
- Contagion (1)
- Country risk (1)
- Currency revluation (1)
- Degree distribution (1)
- Discrimination (1)
- Euro (1)
- Excelsior Scholarship (free- tuition) (1)
- Exchange rate risk exposure (1)
- Exchange rates (1)
- Financial markets (1)
- Financial network (1)
- Fiscal policy (1)
- GMM estimation (1)
- House Prices (1)
- Housing (1)
- Institutional grants (1)
- Kalman filter (1)
- Law of one price (1)
- Lower class (1)
- Macroeconomics (1)
- Middle Class (1)
- Minorities (1)
- Multinational Corporation (1)
- NY-SUNY 2020 Challenge Grant Program Act (1)
- NYC (1)
- Publication
- Publication Type
Articles 1 - 9 of 9
Full-Text Articles in Macroeconomics
The Effect Of Changes In Racial Composition On Housing Prices: A Study Of The Most Diverse Place In The World, Youseph Anwar
The Effect Of Changes In Racial Composition On Housing Prices: A Study Of The Most Diverse Place In The World, Youseph Anwar
Theses and Dissertations
This study attempts to illustrate that increases in minority residents may lead to decreases in housing prices. I observe the effects of changes in racial composition on housing prices in Queens, NY from 2011-2015. The following econometric tools are implemented: a fixed effects model, quantile, hedonic, and OLS regressions.
Essays On Inequality And Macroeconomic Stability, Thomas Hauner
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 Impact Of Exchange Rate Movements On Stock Return And Country Output, Junnan Zhao
Essays On The Impact Of Exchange Rate Movements On Stock Return And Country Output, Junnan Zhao
Dissertations, Theses, and Capstone Projects
Exchange rate movements are widely believed to be a major source of uncertainty at both micro- and macro-economic levels. At the microeconomic level, corporate managers controlling risk and investors seeking to hedge their portfolios are both obviously interested in estimates of a firm’s exchange rate exposure ̶ i.e., how much of the value of a firm will be affected by exchange rate movements. At the macroeconomic level, a currency appreciation may have a contractionary effect on a country's output.
Chapter 1 tests whether the launch of the euro around 1999 significantly reduced stock market volatility and exchange rate risk exposure …
Surplus Consumption, Habit Utility And Moody Investors, Jun Lou
Surplus Consumption, Habit Utility And Moody Investors, Jun Lou
Dissertations, Theses, and Capstone Projects
The thesis examines a blend of Asset Pricing topics: joint stock-bond pricing, consumption-based asset pricing puzzles, time variation in risk preference, among others. In chapter one, I first review the literature on respective topics in search of a consolidated framework of resolution. I then propose one, a consumption-based affine model that jointly prices bond and stock in closed form. The tractable feature of the price solutions remains standard as in affine termstructure of interest rates, but presents novelty for the stock prices. In chapter two, I discuss the GMM based procedures for model estimation. In chapter three, I interpret the …
Three Essays On The European Sovereign Debt Crisis With A Special Focus On Greece, Flora Leventi
Three Essays On The European Sovereign Debt Crisis With A Special Focus On Greece, Flora Leventi
Dissertations, Theses, and Capstone Projects
This dissertation consists of three chapters where I examine several aspects of the European sovereign debt crisis. The first chapter focuses on systemic risk. Following the financial crisis of 2007-08, both in academic as well as policy circles, much of the research has focused toward the systemic importance of financial institutions. Parallel to that research, but to somewhat lesser extent, there have been improvements in our understanding of how risk is transmitted from the financial system to the real economy. This chapter investigates a related yet distinct manifestation of systemic risk, namely systemic sovereign risk. Using data on sovereign credit …
A Case Study Of The Impact Of The -Ny-Suny 2020 Challenge Grant Program Act On Public College Enrollment, Mekaj T. Daniel Ms.
A Case Study Of The Impact Of The -Ny-Suny 2020 Challenge Grant Program Act On Public College Enrollment, Mekaj T. Daniel Ms.
Theses and Dissertations
In 2011, Governor Andrew Cuomo of New York signed into law NY Senate Bill S5855 establishing the NY-SUNY 2020 Challenge Grant Program Act. This legislation limited year-over-year resident undergraduate tuition increases in the City University of New York (CUNY) and State University of New York (SUNY) systems to a maximum of three hundred dollars ($300) per year from the 2011/2012 school year to 2015/2016. It also mandated that increases in nonresident undergraduate tuition not exceed 10 percent over the previous year. In addition to the tuition cap, a tuition credit is provided to students whose annual resident undergraduate rate of …
Zero Textbook Cost Syllabus For Economics 201 (Macroeconomic Theory), Bettina E. Berch
Zero Textbook Cost Syllabus For Economics 201 (Macroeconomic Theory), Bettina E. Berch
Open Educational Resources
This is a zero textbook cost syllabus for teaching macroeconomic theory at the 200 level at a community college. It is designed for a one semester course, using a creative commons textbook and a variety of open source podcasts, newspaper articles, and other materials available to CUNY students.
Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin
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 …
Three Essays On Fiscal Policy, Sinem Buber Singh
Three Essays On Fiscal Policy, Sinem Buber Singh
Dissertations, Theses, and Capstone Projects
This dissertation examines the domestic and international effects of fiscal policy shocks on country risk, stock markets returns and trading partners. There are three essays in this study.
First essay examines the relative impacts of macroeconomic, financial and political variables on country risk for five advanced economies; the US, the UK, Canada and Singapore for 1984:M1-2014:M12 and Germany for 1990:M9-2014:M12 time periods. To do so, I follow a two stage estimation procedure. In the first stage, a CAPM is used to estimate time-variant country betas which are used as a proxy for country risk by using a DCC-GARCH model. Then, …