Essays on debt markets
Name
920473592-MIT.pdf
Description
Full printable version
Size
18.62 MB
Format
Adobe PDF
Checksum (MD5)
cfc8c7122208998791fed4b37f1232b2
Author(s)
Xu, Yu
Chen, Hui
Yang, Jun
Passadore, Juan
Advisor(s)
Hui Chen.
Date Issued
2015
Publisher
Massachusetts Institute of Technology
Abstract
This thesis consists of three chapters on debt markets. In chapter 1, I consider the interaction between domestic banking and growth in a DSGE model of sovereign default in order to address (i) the joint existence of sovereign debt and international reserves, and (ii) the occurrence of twin (domestic banking and sovereign default) crises. In chapter 2, joint with Hui Chen and Jun Yang, we build a structural model to explain corporate debt maturity dynamics over the business cycle and their implications for the term structure of credit spreads. In chapter 3, joint with Juan Passadore, we study debt policy of emerging economies accounting for credit and liquidity risk.
Description
Thesis: Ph. D., Massachusetts Institute of Technology, Sloan School of Management, 2015.
Cataloged from PDF version of thesis.
Includes bibliographical references.
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
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