Thesiss

The objective of this dissertation is to provide both a theoretical and an empirical investigation of the occurrence and spread of financial crisis, specifically in the context of the Asian financial crisis during the period 1997–1999. This dissertation focuses on three issues: …

This thesis comprises of four essays on fiscal policy and fiscal policy adjustment. The first of these essays, Chapter 2, reviews a wide range of literature about fiscal policy. This chapter also discusses the sudden stop and fiscal policy during sudden stops episodes. Chapter 3…

Although international debt has been the long-standing focus of investors and academics, recent developments in emerging markets suggest that domestic debt is a more interesting object of inquiry. This dissertation focuses on the determinants of domestic and foreign borrowing by…