Sökning: "bailouts"

Visar resultat 1 - 5 av 6 avhandlingar innehållade ordet bailouts.

1. 1. Designing Public Organizations and Institutions: Essays on Coordination and Incentives

   Författare :Jens Dietrichson; Nationalekonomiska institutionen; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Organizations; institutions; coordination; incentives; performance measurement; communication; budget processes; local governments; fiscal performance; bailouts;

   Sammanfattning : This thesis consists of an introduction and four self-contained chapters that address issues of how organizations and institutions should be designed in order to provide adequate incentives and enable coordination. The first essay uses a multi-task principal-agent model to examine two reasons why coordination problems are common when public sector organizations share responsibilities: the incentives to coordinate resource allocation and the difficulties of measuring performance. LÄS MER

3. 2. Essays on Credit Risk

   Författare :Caren Guo Nielsen; Nationalekonomiska institutionen; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Asset pricing; equity returns; size effect; value effect; momentum effect; credit risk effect; credit default swap; banks; asset risk; credit risk; portfolio choice; risk-based capital regulation; bank bailouts; moral hazard; distress risk; capital injections; TARP; CPP; market discipline; financial crisis;

   Sammanfattning : This dissertation covers the issues related to credit risk that stem from the recent financial crisis and that are concerned by investors, financial intermediaries, and governments. The results of the research have important implications for asset managers, such as using the information from the credit risk market to rebalance stock portfolios, and for policy makers in regulating or bailing out banks. LÄS MER

4. 3. Essays on Debts and Constitutions

   Författare :Emanuel Kohlscheen; Torsten Persson; Jonathan Eaton; Stockholms universitet; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; debt; constitution; sovereign risk; federalism; credibility; political institutions; renegotiation; trade credit; international reserves; bailout; revenue sharing; soft budget; Business and economics; Ekonomi;

   Sammanfattning : This thesis includes two essays on sovereign debt and one on subnational governments' debts within a federation. In the two first essays, simple constitutional rules - that define how economic interactions unfold - are found to influence the outcome in important ways. LÄS MER

5. 4. Unconventional Monetary Policy at the International, National and Local Level

   Författare :Martin Nordström; Pär Österholm; Niclas Kreuger; Lars Hultkrantz; Jesper Lindé; Örebro universitet; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Bayesian VAR; Cointegration; Forecast evaluation; Municipal debt; Spread; Stochastic volatility; Sveriges Riksbank; Time-varying parameters; Unconventional monetary policy;

   Sammanfattning : This thesis is based on four essays. The first investigates time-variation in the relationship between short interest rates and consumption in the USA and Sweden. Results based on Bayesian VAR models indicate that the short rate ceased to respond to consumption shocks when constrained by the zero lower bound. LÄS MER

7. 5. Essays in Macroeconomics and Household Finance

   Författare :Richard Foltyn; Per Krusell; Kurt Mitman; Paolo Sodini; Stockholms universitet; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Economics; nationalekonomi;

   Sammanfattning : Experience-based Learning, Stock Market Participation and Portfolio ChoiceRecent evidence suggests that lifetime experiences play an important role in determining households' investment choices. I incorporate these findings and the fact that household portfolios are underdiversified into an otherwise standard life-cycle model and examine to what extent they can help resolve long-standing puzzles in the literature regarding stock market participation and the fraction of financial wealth invested in risky assets. LÄS MER