Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 13 of 13 for “"Refinance"”.
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Essays in financial economics
… exploiting the revealed preference decision to refinance fixed-coupon debt, which weighs observable interest rate savings against the unobservable costs of a change in restrictive debt covenants induced by refinancing. Plausibly exogenous variation in this trade-off reveals that firms require …
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Agency risk in CMBS default resolution : a case study of the Peter Cooper Village - Stuyvesant Town mortgage loan default
… maturing CMBS loans are expected not to able to refinance; that is, they are in high risk of default. The current real estate downturn has not only pushed delinquencies to a historic high but has also inflicted losses to bondholders. When losses are realized through foreclosure, junior …
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Three Essays In Applied Econometrics
… to quantify the impact of the Home Affordable Refinance Program (HARP) in the United States during the Great Recession, on mortgage default rates, as well as its monetary benefit to the government. I find that HARP led to a 71.6\% reduction in the total number of defaults and has saved the …
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The Greek debt debacle and the role of external debt in the EMU sovereign debt crisis and the ensuing landscape for peripheral european sovereign borrowers
… Capital Markets in order to finance itself and refinance its maturing debt.
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Investigating The Dual Mortgage Market: The Distribution Of Subprime Lending By Race And Its Consequences For Minority Communities
… disappears. Also, while higher rates of subprime refinance lending were associated with a decrease in neighborhood median income in 2000, subprime lending was associated with positive changes in median house value and percent of homeowners that are black in the neighborhood, although the effects …
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Essays In Mortgage Markets And Public Investment Cycles
… market power effect dominates. A centralized refinance market can significantly increase refinancing activities by eliminating market power, even if the refinancing costs remain unchanged. Chapter 3 finds that during an election cycle, public investment is concave in months to election and …
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An analysis of why SAPPI Limited had to issue foreign denominated debt
… company's life cycle left it with the need to refinance debt obligations payable in the early 2010's. In order to meet these obligations, four callable bonds with high coupon rates denominated in Euro and US Dollar were issued in 2011 and 2012 below investment grade. This study examines the …
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Implications of lump sum costs for empirical design in corporate finance research
… within the range bounded by two barriers; 2) refinance back to the target value immediately when cash level hits either barrier. The endogenous pattern identified under this framework facilitates understanding of the dynamics of cash holdings since it allows to estimate both the triggers of …
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Local Social Forces, Household Finance, and Real Estate
… likely to choose an adjustable rate mortgage (refinance) as the share of their block-peers with an adjustable rate mortgage (who have recently refinanced) increases. Consistent with a social interactions mechanism, people new to their census block show no effects from social influence while …
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Stochastic modelling of new phenomena in financial markets
… risk, this being the risk of not being able to refinance borrowing at the benchmark interest rate. We explicitly model funding liquidity and credit risk, as these are the two components of roll-over risk, developing first a model framework and then considering a specific instance of this …
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Street Credit: Neighborhood Level Predictors of Financial Inclusion in Four U.S. Metropolitan Areas
… of subprime lending for home purchase and refinance loans. Confirming prior research findings with a new method, the percentage of the population that is black and Latino is found to be a statistically significant predictor of mortgage purchase denial, as well as rates of subprime mortgage …
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The new form of financial intermediation: key issues of peer-to-peer lending
… that borrowers need alternative funding to refinance their overdue mortgage debts. Besides that, the results suggest that the customer group of P2P platforms overlaps with bank customers and P2P platforms supplement bank lending only in a small segment and for most of the cases it …
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Radiologic, Histologic and Functional Evaluation after Implantation of Cultured Trachea Allograft : in vivo study
… which are caused by you and will need to refinance. Shortcomings in order to rebuild parts of the EP-let, such as alcohol or commonly cartilage tissue is used, this is limited, the new agency's buildings and are willing to use water injection attempt. But in this case, rebuilding and …