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Showing 1 to 2 of 2 for “"United States. Federal Reserve Board"”.
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Essays on Asset Pricing and Downside Risk
This dissertation contributes to the recent and diverse literature on the relation between downside risk and asset prices. In chapter one, we use a famous quote among professional investors, "focus on the downside, and the upside will take care of itself", to motivate a representative …
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Essays in International Finance and the Global Financial Crisis
… 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 possible explanation for deviations from Uncovered Interest Parity. Speculators, becoming weary …