Show simple item record

dc.contributor.authorDas, Sonalien_US
dc.date.accessioned2013-01-31T19:44:33Z
dc.date.available2017-12-20T07:00:24Z
dc.date.issued2012-08-20en_US
dc.identifier.otherbibid: 7959922
dc.identifier.urihttps://hdl.handle.net/1813/31161
dc.description.abstractFinancial crises have occurred repeatedly throughout history in both high and middle-to-low income countries. This dissertation studies how the interactions of financial market participants affect financial stability. In the first part of the dissertation, I analyze sales of assets between financial institutions in the United States and find evidence consistent with the theory that credit-constraints affect the demand for, and price of, assets sold in fire-sales. In the second part, I document the empirical regularity that the correlation of banks' stock return - a measure of the interconnectedness of banks - increases in the run up to banking crises and thus helps predict crises. The third part finds that the main measure of asset risk-exposure that banks report to regulators are thought to be credible by equity investors, but less so in countries where regulators have allowed banks more discretion over the calculation of the measure.en_US
dc.language.isoen_USen_US
dc.subjectasset salesen_US
dc.subjectbankingen_US
dc.subjectfinancial stabilityen_US
dc.titleEssays On Banking And Financial Stabilityen_US
dc.typedissertation or thesisen_US
thesis.degree.disciplineEconomics
thesis.degree.grantorCornell Universityen_US
thesis.degree.levelDoctor of Philosophy
thesis.degree.namePh. D., Economics
dc.contributor.chairRazin, Assafen_US
dc.contributor.committeeMemberPrasad, Eswar Shankeren_US
dc.contributor.committeeMemberFreedman, Matthewen_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record

Statistics