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Essays in Finance and International Macroeconomics
Essays in Finance and International Macroeconomics
Essays in Finance and International Macroeconomics

상세정보

자료유형  
 학위논문 서양
최종처리일시  
20260202103131
ISBN  
9798314871478
DDC  
658
저자명  
Dos Santos, Amanda.
서명/저자  
Essays in Finance and International Macroeconomics
발행사항  
[Sl] : Columbia University, 2025
발행사항  
Ann Arbor : ProQuest Dissertations & Theses, 2025
형태사항  
251 p
주기사항  
Source: Dissertations Abstracts International, Volume: 86-11, Section: A.
주기사항  
Advisor: Schreger, Jesse.
학위논문주기  
Thesis (Ph.D.)--Columbia University, 2025.
초록/해제  
요약This dissertation is composed of three essays in finance and international macroeconomics, which share a common focus on sovereign debt markets, capital market development, and cross-border financial linkages. The first essay provides causal evidence that government debt plays a crucial role in facilitating the development of corporate bond markets. Using micro-level data from Brazil, it demonstrates that at early stages of market development, government debt complements corporate debt issuance by providing pricing benchmarks and facilitating price discovery, though this relationship shifts toward substitution as markets mature. The second essay empirically characterizes China's approach to internationalizing its bond market through the staggered entry of different types of foreign investors and develops a dynamic reputation model to explain this strategy. This analysis reveals how China attempts to build credibility as a safe issuer while simultaneously minimizing the risks of capital flight. Building upon these findings, the third essay documents China's dramatic rise in offshore capital markets, showing how Chinese firms use global tax havens to access foreign capital.
일반주제명  
Finance
일반주제명  
Public administration
키워드  
Macroeconomics
키워드  
Capital market development
키워드  
Sovereign debt markets
키워드  
Market development
키워드  
Chinese firms
기타저자  
Columbia University Business
기본자료저록  
Dissertations Abstracts International. 86-11A.
전자적 위치 및 접속  
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MARC

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■00520260202103131
■006m          o    d                
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■020    ▼a9798314871478
■035    ▼a(MiAaPQ)AAI31939625
■040    ▼aMiAaPQ▼cMiAaPQ
■0820  ▼a658
■1001  ▼aDos  Santos,  Amanda.
■24510▼aEssays  in  Finance  and  International  Macroeconomics
■260    ▼a[Sl]▼bColumbia  University▼c2025
■260  1▼aAnn  Arbor▼bProQuest  Dissertations  &  Theses▼c2025
■300    ▼a251  p
■500    ▼aSource:  Dissertations  Abstracts  International,  Volume:  86-11,  Section:  A.
■500    ▼aAdvisor:  Schreger,  Jesse.
■5021  ▼aThesis  (Ph.D.)--Columbia  University,  2025.
■520    ▼aThis  dissertation  is  composed  of  three  essays  in  finance  and  international  macroeconomics,  which  share  a  common  focus  on  sovereign  debt  markets,  capital  market  development,  and  cross-border  financial  linkages.  The  first  essay  provides  causal  evidence  that  government  debt  plays  a  crucial  role  in  facilitating  the  development  of  corporate  bond  markets.  Using  micro-level  data  from  Brazil,  it  demonstrates  that  at  early  stages  of  market  development,  government  debt  complements  corporate  debt  issuance  by  providing  pricing  benchmarks  and  facilitating  price  discovery,  though  this  relationship  shifts  toward  substitution  as  markets  mature.  The  second  essay  empirically  characterizes  China's  approach  to  internationalizing  its  bond  market  through  the  staggered  entry  of  different  types  of  foreign  investors  and  develops  a  dynamic  reputation  model  to  explain  this  strategy.  This  analysis  reveals  how  China  attempts  to  build  credibility  as  a  safe  issuer  while  simultaneously  minimizing  the  risks  of  capital  flight.  Building  upon  these  findings,  the  third  essay  documents  China's  dramatic  rise  in  offshore  capital  markets,  showing  how  Chinese  firms  use  global  tax  havens  to  access  foreign  capital.
■590    ▼aSchool  code:  0054.
■650  4▼aFinance
■650  4▼aPublic  administration
■653    ▼aMacroeconomics
■653    ▼aCapital  market  development
■653    ▼aSovereign  debt  markets
■653    ▼aMarket  development
■653    ▼aChinese  firms
■690    ▼a0508
■690    ▼a0501
■690    ▼a0601
■690    ▼a0617
■71020▼aColumbia  University▼bBusiness.
■7730  ▼tDissertations  Abstracts  International▼g86-11A.
■790    ▼a0054
■791    ▼aPh.D.
■792    ▼a2025
■793    ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T17357098▼nKERIS▼z이  자료의  원문은  한국교육학술정보원에서  제공합니다.

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