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 15 of 15 for “"Sovereign bonds"”.
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Disaster risk and resiliency in Latin America
… increases significantly relative to stocks and sovereign bonds. This result implies that during times of instability investors are willing to pay a price premium for holding real estate instead of stocks and sovereign bonds. The argument behind this empirical finding is that during these crises …
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Collective intelligence in financial markets : does consumer sentiment influence valuation of financial products?
… Greece, and prices of Credit Default Swaps on sovereign bonds of aforementioned countries. The effect of the changes in the public mood was measured by Granger causality tests and linear regression models. A price change prediction model was built based on the CART technique. Results of the …
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Essays on balance of payments crises
… the behavior of spreads on emerging-market sovereign bonds of different maturities, focusing on the supply side of funds. Spreads on long-term bonds are shown to be too volatile to be reconciled with investors' being risk-neutral and financially unconstrained. An explanation for this …
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Essays on Sovereign Default
This dissertation consists of three chapters on sovereign default. Thematically, they are linked by their examination of how sovereign risk influences government policy, equilibrium allocations, and welfare. Chapter 1 investigates the optimal currency denomination in sovereign bonds. Chapter 2 and …
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Role of institutions in fiscal performance
… In Chapter 3, we investigate the determinants of sovereign bond credit spreads in emerging market countries. First, the increases in government debt lead to a widening of the spreads because a higher debt level raises the concerns over default on sovereign debt. Second, we find that the market …
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The effect of sovereign debt on Capital inflows to Zambia
… tapped into the international market to issue sovereign bonds to boost economic growth and attract additional foreign direct investments. Funds obtained have been used for large infrastructure projects and easing of balance of payments to name but a few. Zambia between the years 2011-2015 …
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Essays on International Finance and Currency Economics
… risk premia embedded in the euro area and U.S. sovereign bonds yields. We find that the fall in real risk premia has been the primary driver of declining yields, given ECB assets purchases and forward guidance which lowered the uncertainty over the projected path of short-term rates. In …
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The effects of crisis on the interbank markets and sovereign risk: empirical investigations
… bailouts, downturns in asset prices and also to sovereign debt crises. The aim of this thesis is to empirically investigate the repercussions of this financial crisis on interbank market and sovereign risk. In Chapter one, we empirically explore the effect of bank lending relationships in the …
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Is public debt boosting economic growth in SADC?
… 2014, 13 countries had issued international sovereign bonds, for reasons that include infrastructure building. The sub-Saharan Africa's region's access to international markets has come under much attention lately as debt levels are rising with fears that they may reach the unsustainable pre …
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The effects of contagion during the global financial crisis in government-regulated and sponsored assets in emerging markets
… and international and local-currency government bonds. This thesis contributes to the literature on the effects of financial contagion by analysing four cases of government-regulated and -sponsored assets during different episodes of the GFC. The second chapter analyses contagion from US equity …
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Three Essays on Intra-Creditor Coordination Failures in Sovereign Debt Restructuring
… (solely market-based) contractual approach for sovereign debt restructuring. These essays particularly focus on aspects of intra-creditor coordination. Although the content of these essays is interconnected, each unit is a stand-alone entity. Essay I: The latest Argentinean debt restructuring …
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Essays on macroeconomics and contract theory
… on the observed history. We focus on a model of sovereign debt, although our methodology applies to other settings, such as models of capital taxation or monetary policy. As a starting point, we show that the Eaton and Gersovitz (1981) model features multiple equilibria-indeed, multiple Markov …
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H αποτίμηση του κρατικού χρέους στις αγορές ομολόγων : η πραγματικότητα των περιφερειών απέναντι στο όραμα της χρηματοοικονομικής ολοκλήρωσης στην Ευρωζώνη
Η παρούσα διδακτορική διατριβή διερευνά σε θεωρητικό και εμπειρικό επίπεδο το βαθμό που οι αγορές κρατικών ομολόγων της Ευρωζώνης είναι χρηματοοικονομικά ολοκληρωμένες. Μέσα από την διερεύνηση πιθανών αλληλεπιδράσεων μεταξύ των σπρέντ των κρατικών ομολόγων και την αναζήτηση κοινών συνιστωσών που …
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The role of institutions in Shaping foreign capital: Evidence from South Africa and Zimbabwe
… risk is measured by the South African-American sovereign spread. This risk measure captures both the default and currency risks since the sovereign bonds are denominated in different currencies. Neighbourhood effects are captured by introducing the property rights index for Zimbabwe as an …
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Efectos del rebalanceo de los índices de J.P. Morgan en 2014 sobre los rendimientos de los TES en moneda local
En marzo de 2014, J.P. Morgan anunció el aumento de la participación de Colombia en sus índices de deuda pública para mercados emergentes GBI-EM, lo cual tuvo efectos significativos sobre el mercado de deuda pública en moneda local. Este documento evalúa el efecto sobre los rendimientos de los TES …