Essays on Macroeconomics and Finance

This dissertation contains three essays examining the role of informational frictions in financial markets and its aggregate implications. In the first chapter, I study whether securitization can spur financial fragility. I build a model of banking with securitization, where financial intermediaries...

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Bibliographic Details
Main Author: Baek, Seungjun
Language:English
Published: 2015
Subjects:
Online Access:https://doi.org/10.7916/D8KW5F4B