Three essays in financial economics

Brückbauer, Frank

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Three Essays In Financial Economics - Inauguraldissertation Frank Brückbauer.pdf - Veröffentlichte Version
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URN:	urn:nbn:de:bsz:180-madoc-620623
Dokumenttyp:	Dissertation
Erscheinungsjahr:	2022
Ort der Veröffentlichung:	Mannheim
Hochschule:	Universität Mannheim
Gutachter:	Theissen, Erik
Datum der mündl. Prüfung:	2 März 2022
Sprache der Veröffentlichung:	Englisch
Einrichtung:	Fakultät für Betriebswirtschaftslehre > ABWL u. Finanzierung (Theissen 2009-)
Fachgebiet:	330 Wirtschaft
Freie Schlagwörter (Englisch):	financial system , agent-based model , liquidity coverage ratio , textual analysis , bank lending , bank risk , stock market expectations , survey data , stock return predictability
Abstract:	The events of the global financial crisis of 2007–2009 have moved the issue of financial stability and its implications for the real economy to the center of attention of many researchers in economics and finance. Two financial-stability related research areas that have gained considerable attention after the crisis are financial shock propagation and amplification mechanisms, and the expectation formation rules of households and financial professionals. This dissertation contributes to these two research areas. It presents one paper that adopts a theoretical approach and applies methods from agent-based modeling to study how financial regulation affects the resilience of financial institutions. It presents two papers that adopt an empirical approach and exploit text and survey data, respectively, to study the determinants of the expectations of financial market participants.