2026-09-18T20:18:19Zhttps://ecommons.cornell.edu/server/oai/requestoai:ecommons.cornell.edu:1813/311562026-05-14T13:52:30Zcom_1813_35col_1813_47
Malik, Samreen
Chau, Ho Yan
Tsyrennikov, Viktor
Prasad, Eswar Shanker
2013-01-31T19:44:33Z
2017-12-20T07:00:24Z
2012-08-20
https://hdl.handle.net/1813/31156
7959915
This dissertation contributes to the growing literature of international finance on capital market integration and consumption risk sharing in emerging economies. I identify threshold effects in terms of financial market integration to demarcate regimes with varying extent of international risk sharing in emerging economies. In Chapter 2, I study a model of a small open economy to see how default decisions affect incentives for international consumption risk-sharing based on varying levels of debt to capital ratio in emerging economies while in Chapter 3, I employ a novel endogenous threshold identification method developed by Hansen (1999) for balanced panels, to empirically identify threshold effects of capital market integration on consumption risk-sharing in emerging economies. Finally in Chapter 4, I study the determinants of the capital market integration via level and composition of foreign assets held by emerging economies, exploiting temporal and cross-sectional variation in a panel data set of 37 emerging economies from 1970 - 2007.
en_US
Emerging Economies
International Consumption Risk Sharing
Sovereign Default
Financial Integration
Essays On Consumption Risk-Sharing In Emerging Economies
dissertation or thesis
application/pdf
Economics
Cornell University
Doctor of Philosophy
Ph. D., Economics
Publication
Cornell Theses and Dissertations
Malik, Samreen
5893a6ea-7af3-41d7-abc6-04bcd26ab5df
open.access
open.access
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<Abstract>This dissertation contributes to the growing literature of international finance on capital market integration and consumption risk sharing in emerging economies. I identify threshold effects in terms of financial market integration to demarcate regimes with varying extent of international risk sharing in emerging economies. In Chapter 2, I study a model of a small open economy to see how default decisions affect incentives for international consumption risk-sharing based on varying levels of debt to capital ratio in emerging economies while in Chapter 3, I employ a novel endogenous threshold identification method developed by Hansen (1999) for balanced panels, to empirically identify threshold effects of capital market integration on consumption risk-sharing in emerging economies. Finally in Chapter 4, I study the determinants of the capital market integration via level and composition of foreign assets held by emerging economies, exploiting temporal and cross-sectional variation in a panel data set of 37 emerging economies from 1970 - 2007.</Abstract>
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