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Showing 1 to 3 of 3 for “"macrofinance"”.

  1. Essays in MacroFinance

    I consider how debt structure affects asset prices and firm behavior. In Chapter 1, I use a multi-state, general-equilibrium model with collateralized financial promises to study how allowing an asset to back multiple financial contracts (i.e., tranching) affects price bases. A basis emerges when …

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  2. Essays in Financial Economics

    … various topics in international finance and macrofinance. In Chapter 1, I examine the costs associated with reversals in international capital flows. I exploit plausibly exogenous variation in firms' exposure to rollover risk to identify a causal liquidity channel at play during sudden stop …

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  3. Essays in Macro Finance

    <p>I study the link between capital markets and sources of macroeconomic risk. In chapter 1 I show that expected inflation risk is priced in the cross section of stock returns even after controlling for cash flow growth and volatility risks. Motivated by this evidence I study a long run risk model …

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