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Essays on international capital and the financial sector

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TitleInfo
Title
Essays on international capital and the financial sector
Name (type = personal)
NamePart (type = family)
Bush
NamePart (type = given)
Georgia R.
NamePart (type = date)
1970-
DisplayForm
Georgia R. Bush
Role
RoleTerm (authority = RULIB)
author
Name (type = personal)
NamePart (type = family)
Chang
NamePart (type = given)
Roberto
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Roberto Chang
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
chair
Name (type = personal)
NamePart (type = family)
Bordo
NamePart (type = given)
Michael
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Michael Bordo
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
internal member
Name (type = personal)
NamePart (type = family)
Landon-Lane
NamePart (type = given)
John
DisplayForm
John Landon-Lane
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
internal member
Name (type = personal)
NamePart (type = family)
Goldberg
NamePart (type = given)
Linda S
DisplayForm
Linda S Goldberg
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
outside member
Name (type = corporate)
NamePart
Rutgers University
Role
RoleTerm (authority = RULIB)
degree grantor
Name (type = corporate)
NamePart
Graduate School - New Brunswick
Role
RoleTerm (authority = RULIB)
school
TypeOfResource
Text
Genre (authority = marcgt)
theses
OriginInfo
DateCreated (encoding = w3cdtf); (qualifier = exact)
2015
DateOther (qualifier = exact); (type = degree)
2015-10
CopyrightDate (encoding = w3cdtf); (qualifier = exact)
2015
Place
PlaceTerm (type = code)
xx
Language
LanguageTerm (authority = ISO639-2b); (type = code)
eng
Abstract (type = abstract)
Chapter 2 of the dissertation analyzes the relationship between de jure financial openness and de facto financial openness. When a country changes its policy towards foreign financial transactions, do actual capital flows respond? I use the Chinn-Ito index to proxy a country's legal regime regarding external transactions, and examine its relationship to realized international capital flows disaggregated by type and direction. Panel data estimation methods are used to explicitly assess the interaction of country development characteristics with policy. I find that in general the relation between legal openness and realized international financial flows is weak. However looking at the decomposition, I find policy does affect Foreign Direct Investment and debt outflows. Furthermore, I find that country attributes play a key role in the efficacy of the policy stance, in particular a country's level of domestic financial development. Turning to time series methods, I then estimate a VEC model and analyze the variance decompositions of five Asian economies' bank lending rates. I find that the experience of Japan, South Korea and Indonesia support the conclusions arising from the panel analysis that greater financial development enhances realized financial openness. Focusing on determinants of financial development, Chapter 3 and 4 test for empirical evidence of experience effects in banking. The hypothesis is that firm-specific or sector-wide learning, via knowledge spillovers, improves bank cost efficiency. Chapter 3 constructs a bank cost function extended to include firm-specific experience. Using a sample of US banks and applying a two-step correction procedure to my bank cost function, I correct for endogeneity as well as selection biases. I find that experience is associated with reduced costs: the experience effect is decreasing and fades after around 10 years. Chapter 4 extends the analysis to a sample of international banks and tests for knowledge spillovers. First a simple learning curve model is estimated. Next, the international sample is used to estimate the bank-specific cost function developed in Chapter 3. The estimated experience effects vary depending on the experience proxy and econometric model used, potentially due to data limitations. Nevertheless, the results suggest some evidence of firm-specific learning by doing and international knowledge spillovers in banking.
Subject (authority = RUETD)
Topic
Economics
Subject (authority = ETD-LCSH)
Topic
Banks and banking, International
Subject (authority = ETD-LCSH)
Topic
Capital movements
RelatedItem (type = host)
TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier (type = RULIB)
ETD
Identifier
ETD_6825
PhysicalDescription
Form (authority = gmd)
electronic resource
InternetMediaType
application/pdf
InternetMediaType
text/xml
Extent
1 online resource (xii, 155 p. : ill.)
Note (type = degree)
Ph.D.
Note (type = bibliography)
Includes bibliographical references
Note (type = statement of responsibility)
by Georgia R. Bush
RelatedItem (type = host)
TitleInfo
Title
Graduate School - New Brunswick Electronic Theses and Dissertations
Identifier (type = local)
rucore19991600001
Location
PhysicalLocation (authority = marcorg); (displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Identifier (type = doi)
doi:10.7282/T3NC635J
Genre (authority = ExL-Esploro)
ETD doctoral
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Rights

RightsDeclaration (ID = rulibRdec0006)
The author owns the copyright to this work.
RightsHolder (type = personal)
Name
FamilyName
Bush
GivenName
Georgia
MiddleName
R.
Role
Copyright Holder
RightsEvent
Type
Permission or license
DateTime (encoding = w3cdtf); (qualifier = exact); (point = start)
2015-09-29 16:30:35
AssociatedEntity
Name
Georgia Bush
Role
Copyright holder
Affiliation
Rutgers University. Graduate School - New Brunswick
AssociatedObject
Type
License
Name
Author Agreement License
Detail
I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
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Technical

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ETD
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windows xp
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