Universität Tübingen
Macroeconomics and Financial Markets: Essays on Micro-Macro Linkages
Abstract
The Global Financial Crisis has forcefully demonstrated that financial systems and the real economy are closely related. Moreover, it has shown that microeconomic structures matter for macroeconomic stability. This thesis analyzes micro-macro linkages between the real and financial economy based on four essays. The first essay studies whether the mere presence of large banks can affect macroeconomic outcomes. Essay 2 is devoted to the effects of different forms of international financial integration on banking sector concentration and market power. The third essay analyzes how international financial integration influences granular effects from the banking sector. Essay 4 shifts the perspective and studies how increased unemployment risks since the crisis affect households’ portfolio equity shares.
Author and committee
dc:creator, dc:contributor.*- Author
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- Bremus, Franziska M.
Identifiers
dc:identifier.*- Identifier
- hdl:10900/48049