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Two Essays on Macro-Financial Linkages.

West Virginia University.

Two Essays on Macro-Financial Linkages.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Two Essays on Macro-Financial Linkages./
Author:	Moreale, Jennifer.
Description:	1 online resource (129 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.
Contained By:	Dissertation Abstracts International79-01A(E).
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9780355155075

Two Essays on Macro-Financial Linkages.
Moreale, Jennifer.

Two Essays on Macro-Financial Linkages. - 1 online resource (129 pages)

Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

In the following essays I examine the effects of two unique macro-financial conditions---tight credit and unconventional monetary policy---in an investment and a price discovery setting. I address two major questions from the macro-finance literature: (1) what are the states of nature in which excess returns are mostly affected? And, (2) does unconventional monetary policy influence the term structure of interest rates?

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355155075Subjects--Topical Terms:

559073
Finance.
Index Terms--Genre/Form:

554714
Electronic books.

Two Essays on Macro-Financial Linkages.
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040 $a MiAaPQ $b eng $c MiAaPQ
099 $a TUL $f hyy $c available through World Wide Web
100 1 $a Moreale, Jennifer. $3 1181882
245 1 0 $a Two Essays on Macro-Financial Linkages.
264 0 $c 2017
300 $a 1 online resource (129 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 79-01(E), Section: A.
500 $a Adviser: Alexander Kurov.
502 $a Thesis (Ph.D.) $c West Virginia University $d 2017.
504 $a Includes bibliographical references
520 $a In the following essays I examine the effects of two unique macro-financial conditions---tight credit and unconventional monetary policy---in an investment and a price discovery setting. I address two major questions from the macro-finance literature: (1) what are the states of nature in which excess returns are mostly affected? And, (2) does unconventional monetary policy influence the term structure of interest rates?
520 $a Results from my first essay show a differential effect of the credit cycle on firms in the cross-section. Firm's excess returns are particularly affected in periods of tight credit conditions and the effect of the credit cycle is heterogeneous across firm types. Overall I concluded that tight credit conditions have a more severe impact on opaque firms and that opacity includes both smallness and access to credit sensitivity measures.
520 $a In my second essay I find quantitative easing and days of macroeconomic announcements are not a significant driver of price discovery when examining the impact of unconventional monetary policy along the yield curve. I argue that the unexpected result is due to the presence of a time-varying risk premium component which significantly influenced the yield curve during the period of quantitative easing examined.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
655 7 $a Electronic books. $2 local $3 554714
690 $a 0508
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a West Virginia University. $b College of Business & Economics. $3 1179179
773 0 $t Dissertation Abstracts International $g 79-01A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10616612 $z click for full text (PQDT)

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