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Three Essays on Financial Intermedia...

Sinclair, Andrew John.

Three Essays on Financial Intermediation.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Three Essays on Financial Intermediation./
Author:	Sinclair, Andrew John.
Description:	1 online resource (146 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 78-11(E), Section: A.
Contained By:	Dissertation Abstracts International78-11A(E).
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9780355028188

Three Essays on Financial Intermediation.
Sinclair, Andrew John.

Three Essays on Financial Intermediation. - 1 online resource (146 pages)

Source: Dissertation Abstracts International, Volume: 78-11(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

This thesis consists of three related essays. The central topic is financial intermediation in decentralized markets. The essays investigate the economic forces that arise when agents are limited to trading and contracting through established relationships.

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

Mode of access: World Wide Web

ISBN: 9780355028188Subjects--Topical Terms:

559073
Finance.
Index Terms--Genre/Form:

554714
Electronic books.

Three Essays on Financial Intermediation.
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035 $a (MiAaPQ)AAI10632569
035 $a AAI10632569
040 $a MiAaPQ $b eng $c MiAaPQ
099 $a TUL $f hyy $c available through World Wide Web
100 1 $a Sinclair, Andrew John. $3 1179551
245 1 0 $a Three Essays on Financial Intermediation.
264 0 $c 2017
300 $a 1 online resource (146 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: 78-11(E), Section: A.
500 $a Adviser: Zhiwu Chen.
502 $a Thesis (Ph.D.) $c Yale University $d 2017.
504 $a Includes bibliographical references
520 $a This thesis consists of three related essays. The central topic is financial intermediation in decentralized markets. The essays investigate the economic forces that arise when agents are limited to trading and contracting through established relationships.
520 $a The first essay studies the allocative role of prime brokers in the market for hedge funds. I show that prime brokers help hedge funds attract capital, but that hedge funds that receive capital through this channel tend to subsequently underperform. The second essay investigates the impact of rehypothecation (the reuse of collateral) on collateralized lending. In a theoretical setting, I demonstrate that rehypothecation decreases the risk faced by ultimate lenders, and thus increases the pledgeability of risky collateral. The third essay studies the decision of an information monopolist to sell either information or an information production technology (knowledge) in a network setting. I show that selling knowledge is necessary for the monopolist to extract surplus from distant buyers. However, on certain network structures, selling knowledge will create competitors and destory the monopolist's ability to extract surplus.
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 Yale University. $3 1178968
773 0 $t Dissertation Abstracts International $g 78-11A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10632569 $z click for full text (PQDT)

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