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dc.contributor.advisorLane, Philip
dc.contributor.authorSchmitz, Martin
dc.date.accessioned2019-11-14T14:34:25Z
dc.date.available2019-11-14T14:34:25Z
dc.date.issued2011
dc.identifier.citationMartin Schmitz, 'Analysing financial globalisation : cross-border investment, international risk sharing, and financial reforms', [thesis], Trinity College (Dublin, Ireland). Department of Economics, 2011, pp 100
dc.identifier.otherTHESIS 9142
dc.identifier.urihttp://hdl.handle.net/2262/90582
dc.description.abstractThe research topic of this thesis lies in the area of international macroeconomics. In particular, key aspects of financial globalisation are analysed empirically. In the first essay, analysis of 21 industrial countries shows evidence for pro-cyclicality of capital gains on domestic stock markets over a medium term horizon. Thus, with crossborder ownership of portfolio equity investments, potential for hedging against domestic output fluctuations by means of the capital gains channel of foreign liabilities is found. The individual country analysis reveals substantial heterogeneity of these cyclicality patterns. The analysis suggests that this cross-country variation can be explained by the level of economic development and the size of financial markets.
dc.format1 volume
dc.language.isoen
dc.publisherTrinity College (Dublin, Ireland). Department of Economics
dc.relation.isversionofhttp://stella.catalogue.tcd.ie/iii/encore/record/C__Rb14633151
dc.subjectEconomics, Ph.D.
dc.subjectPh.D. Trinity College Dublin.
dc.titleAnalysing financial globalisation : cross-border investment, international risk sharing, and financial reforms
dc.typethesis
dc.type.supercollectionthesis_dissertations
dc.type.supercollectionrefereed_publications
dc.type.qualificationlevelDoctoral
dc.type.qualificationnameDoctor of Philosophy (Ph.D.)
dc.rights.ecaccessrightsopenAccess
dc.format.extentpaginationpp 100
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