The difference in the political cultures of the United States and Canada is a classic topic that has attracted the attention of generations of scholars. This difference is often said to be captured by the contrasting values expressed in their respective constitutions: “Life, Lib…
This dissertation studies a special feature about the international financial market. Classical theories often assume that countries are symmetric, but realistically the international financial market is heavily US dollar dominated, which stimulates my interest to study whether …
I use both theoretical and empirical models to assess how alternative measurement approaches to banks’ loan loss allowances affect lending when banks are subject to regulatory capital requirements. I find that: (1) the Current Expected Credit Loss (CECL) method increases loan lo…
This limited scope dissertation assesses whether banks registered in terms of the Banks Act no. 94 of South Africa (South Africa, 1990) are classifying financial instruments into their appropriate fair value hierarchy level, as well as the extent to which they are complying with…
This thesis consists of two self-contained studies in Debt Valuation Adjustments (DVAs). The first study is motivated by the debate about the introduction of the Fair Value Option for financial Liabilities (FVOL) and the requirement to recognize and separately disclose DVAs in f…
Neste artigo, analiso os determinantes do rendimento dos títulos soberanos a 10 anos em relação à Alemanha para um painel de 10 países da área do euro para um período entre 1999 e 2019. Além das variáveis habituais, como o vix, taxa de câmbio efetiva real, saldo orçamental esper…
The choice of selecting value or growth stocks for investment with the aim of maximising returns is referred to as “Value Investing”, and to a rational investor, selecting between these stocks are based on but not limited to, factors such as P/E, P/B and P/CF multiples. There is…
The failure of traditional risk management (TRM) during the 2008 financial crisis has led to the evolution of enterprise risk management (ERM) with a new integrative approach that seeks to manage risks holistically. ERM has attracted the interest of scholars, practitioners and m…
Housing is the most important class of consumption good and there is evidence of a strong link between housing and business cycles. In 2008 a global financial crisis caused partially by severe and dramatic reductions in property values, put the spotlight on the lack of guidance …
The study was undertaken at the headquarters of a telecommunications company, Telco Digital Wireless Mobile Landline (DWML) based in Northern Europe from 2016 to 2018. The company had experienced significant changes from 2010 through 2016. Changes were introduced based on market…
Since the new millennium, major Anglophone authors, including Colson Whitehead, Max Brooks, Sandra Newman, Lionel Shriver, Margaret Atwood, Paolo Bacigalupi, Chris Beckett, Omar El Akkad and Christopher Brown have popularised post-apocalyptic genre fiction. This popularity appea…
This book presents a wide-ranging assessment of the current state of China's economy in relation to the global international economy. It discusses the role China has played in responding to the economic crisis; assesses the continuing strong prospects for further economic growth…
This dissertation contains three chapters. In the first chapter, "Finance, Public Goods, and Migration'', I show that shocks to the supply of municipal credit affect both the quantity and quality of local public goods provision, and through this channel, resident migration. I us…
This dissertation consists of three chapters which study the relationship between over-the-counter (OTC) markets for credit, monetary policy, and macroeconomic activity. In the first chapter, I introduce an OTC credit default swap (CDS) market into a search model of credit and u…
The historiography of Ottoman state actions towards migrant tribes depends more on the official documents of the government. The case of Fırka-i Islâhiye (Reform Division) in 1865 was no exception. It has been researched heavily depending on official sources and Ahmed Cevdet Efe…
This thesis studies the risk-taking behavior of banks, classified according to their ownership status and deposit collectability, operating in Turkey for the sample period 2004-2020. The aim of this thesis is to investigate whether the risk-taking behavior of development and inv…