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 16 of 16 for “"Shadow banking"”.
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Financial Globalization, Shadow Banking and Interest Rate Transmission: Evidence from China
… coupled with the rapid development of shadow banking and its impact on the banking system and monetary policy transmission. This thesis comprises three empirical studies to examine these issues by providing evidence from China. The first study investigates the international transmission …
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Shadow banking, financial stability and economic performance: implications for regulation in emerging economies
Shadow banking became a topical issue in advanced economies during and after the global financial crisis of 2007/2008. The importance of the study of the shadow banking sector stems from the need to identify the channels through which it benefits the economy and also channels through which it can …
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Housing Market, Banking Sector and Macroeconomy in China
… system in China and the existence of the shadow banking sector (which differs from the shadow banking in developed economies) in China’s housing market. It would be difficult to obtain a clear picture of the Chinese housing market and macroeconomy without a thorough understanding of these …
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The evolution of the U.S. financial architecture, asset prices, and the role of fiscal and monetary policy
… past years there has been increasing interest in shadow banking institutions. Economists identified the shadow banking system at the core of the 2007-2008 Global Financial Crisis and it was a key component of the transmission of fragility within the U.S. financial system. This study explains the …
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US Financial Expansions and Exchange Rate Determination
… periphery. Additionally, I use the increase in shadow banking asset accumulation relative to commercial banking asset accumulation as indicative of financial expansions in the US, and the driving force of financial cycles. Using vector autoregression (VAR) analysis I test the relationships …
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Essays in Banking and Default
… and weak economic fundamentals lead to a banking crisis. Policy interventions face a trade-o¤ between alleviating banks' funding conditions and strengthening their risk-taking incentives. Due to this trade-off, liquidity provision to banks may eliminate the good equilibrium when it is not …
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The effect of financial development, financial agglomeration, and financial constraint on China’s economic development
… the impact of the informal financial sector (shadow banking sector) on the economic growth in Chinese provinces, the spatial effect of financial agglomeration spillovers on the economic growth among three different regions of China, and the financial constraint on firms’ innovation activities. …
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Essays on Macroeconomic Dynamics, Credit Intermediation and Financial Stability
… financial services industry and the growth of shadow banking in the decades prior to the global recession, we characterize credit intermediation with a heterogeneous banking sector comprised of traditional retail and shadow banking. We approach the shadow banking system from a regulation …
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MOTIVATIONS AND ECONOMIC CONSEQUENCES OF CORPORATE FINANCIALIZATION: EVIDENCE FROM CHINESE LISTED NON-FINANCIAL COMPANIES
… as preventive savings, investment substitution, shadow banking, and earnings management. The latter three motives are more pronounced than preventive savings, suggesting a speculative nature to the financialization trend, which separates these companies from the real economy's development. In …
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Essays on frictions in financial institutions
… financial contracts commonly found in the modern shadow banking system-rehypothecation and securitisation. Rehypothecation is the direct repledging of the collateral received in a debt contract by the intermediate lender, while securitisation is the use of the debt contract itself as collateral. I …
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Essays on repurchase agreements, bailouts, and the macroeconomics effects of bank failures
… that optimal intervention completely isolates shadow-banking intermediaries from a crisis. In fact, optimal public sector intervention imposes costs on money market funds by requiring them to liquidate some collateral. On the other hand, a commitment to no bailouts contributes to financial …
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Measurement of the Credit Card Augmented Monetary Service Flows in the Economy
… as to those investigating the growing role of shadow banking.
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Essays in Financial Economics
… and prices. Third, we show that the rise of shadow banking is associated with riskier mortgages, more speculation, and jointly amplify the housing cycle. Chapter 2 revisits the exchange rate disconnect puzzle at the firm level. If a firm invoices a transaction in a foreign currency, a delay …
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Essays in International Finance and the Global Financial Crisis
… to trace out the breakdown of the so-called shadow banking system and the measures taken first in the private money markets and then by the Federal Reserve to restore liquidity to the financial system. Chapter three studies the effect of hedging imbalances in the foreign exchange market as a …
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Out of the shadow? Accounting for Special Purpose Entities in European banking systems
… regulatory treatment of a segment of the shadow banking sector driven by regulatory arbitrage in four different countries, this dissertation seeks to establish a comparative answer. In the investigated case of off-balance sheet financing, regulatory arbitrage occurred at the overlap of …
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International financial reporting standards (IFRS): exploring financial evidence from Australia, Germany, Greece, the UK and the US
This project relates to the financial effects of the official adoption of International Financial Reporting Standards (IFRS) in 2005. IFRS is a set of unique, high-quality standards that aim to increase the transparency and comparability of information in firms’ financial statements. However, since …