{"id":"https://openalex.org/W1579124695","doi":null,"title":"Essays in Macroeconomic and International Finance","display_name":"Essays in Macroeconomic and International Finance","publication_year":2015,"publication_date":"2015-01-01","ids":{"openalex":"https://openalex.org/W1579124695","mag":"1579124695"},"language":"en","primary_location":{"id":"pmh:oai:repository.upenn.edu:edissertations-2955","doi":null,"is_oa":true,"landing_page_url":"https://repository.upenn.edu/cgi/viewcontent.cgi?article=2955&context=edissertations","pdf_url":"https://repository.upenn.edu/cgi/viewcontent.cgi?article=2955&context=edissertations","source":{"id":"https://openalex.org/S4377196331","display_name":"Scholarly Commons (University of Pennsylvania)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79576946","host_organization_name":"University of Pennsylvania","host_organization_lineage":["https://openalex.org/I79576946"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Publicly Accessible Penn Dissertations","raw_type":"text"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://repository.upenn.edu/cgi/viewcontent.cgi?article=2955&context=edissertations","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5023168355","display_name":"Zachary R. Stangebye","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Zachary Stangebye","raw_affiliation_strings":["#N#               * University of Pennsylvania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"#N#               * University of Pennsylvania","institution_ids":["https://openalex.org/I79576946"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5023168355"],"corresponding_institution_ids":["https://openalex.org/I79576946"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.92330002784729,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.92330002784729,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.0215000007301569,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.014399999752640724,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/sovereign-debt-markets","display_name":"sovereign bond markets","score":0.8880000114440918},{"id":"https://openalex.org/keywords/investor-sentiment","display_name":"investor sentiment","score":0.8939999938011169},{"id":"https://openalex.org/keywords/eurozone-crisis","display_name":"eurozone crisis","score":0.8709999918937683},{"id":"https://openalex.org/keywords/interest-rate-caps","display_name":"interest rate caps","score":0.9739999771118164},{"id":"https://openalex.org/keywords/liquidity-provision","display_name":"liquidity provision","score":0.7179999947547913},{"id":"https://openalex.org/keywords/european-central-bank","display_name":"European Central Bank","score":0.9399999976158142},{"id":"https://openalex.org/keywords/credit-default-swap-spreads","display_name":"credit default swap spreads","score":0.7480000257492065},{"id":"https://openalex.org/keywords/structural-estimation","display_name":"structural estimation","score":0.6790000200271606},{"id":"https://openalex.org/keywords/innovative-firms","display_name":"innovative firms","score":0.5569999814033508},{"id":"https://openalex.org/keywords/leverage-ratio","display_name":"leverage ratio","score":0.8379999995231628}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6050171256065369},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.5944563150405884},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.5474541187286377},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5467875599861145},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4984169006347656},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.46585020422935486},{"id":"https://openalex.org/C101433766","wikidata":"https://www.wikidata.org/wiki/Q3543263","display_name":"Maturity (psychological)","level":2,"score":0.46015244722366333},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.43711942434310913},{"id":"https://openalex.org/C122251271","wikidata":"https://www.wikidata.org/wiki/Q940039","display_name":"Ex-ante","level":2,"score":0.4314403235912323},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.34020256996154785},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.23754724860191345},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.1961698830127716},{"id":"https://openalex.org/C138496976","wikidata":"https://www.wikidata.org/wiki/Q175002","display_name":"Developmental psychology","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"pmh:oai:repository.upenn.edu:edissertations-2955","doi":null,"is_oa":true,"landing_page_url":"https://repository.upenn.edu/cgi/viewcontent.cgi?article=2955&context=edissertations","pdf_url":"https://repository.upenn.edu/cgi/viewcontent.cgi?article=2955&context=edissertations","source":{"id":"https://openalex.org/S4377196331","display_name":"Scholarly Commons (University of Pennsylvania)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79576946","host_organization_name":"University of Pennsylvania","host_organization_lineage":["https://openalex.org/I79576946"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Publicly Accessible Penn Dissertations","raw_type":"text"},{"id":"pmh:oai:repository.upenn.edu:20.500.14332/27927","doi":null,"is_oa":false,"landing_page_url":"https://repository.upenn.edu/handle/20.500.14332/27927","pdf_url":null,"source":{"id":"https://openalex.org/S4306402083","display_name":"ScholarlyCommons (University of Pennsylvania)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79576946","host_organization_name":"University of Pennsylvania","host_organization_lineage":["https://openalex.org/I79576946"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"published","raw_type":"Dissertation/Thesis"},{"id":"pmh:oai:repository.upenn.edu:dissertations-12731","doi":null,"is_oa":false,"landing_page_url":"https://repository.upenn.edu/dissertations/AAI3706025","pdf_url":null,"source":{"id":"https://openalex.org/S4377196331","display_name":"Scholarly Commons (University of Pennsylvania)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79576946","host_organization_name":"University of Pennsylvania","host_organization_lineage":["https://openalex.org/I79576946"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Dissertations available from ProQuest","raw_type":"text"},{"id":"mag:1579124695","doi":null,"is_oa":false,"landing_page_url":"https://repository.upenn.edu/cgi/viewcontent.cgi?article=12731&context=dissertations","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:repository.upenn.edu:edissertations-2955","doi":null,"is_oa":true,"landing_page_url":"https://repository.upenn.edu/cgi/viewcontent.cgi?article=2955&context=edissertations","pdf_url":"https://repository.upenn.edu/cgi/viewcontent.cgi?article=2955&context=edissertations","source":{"id":"https://openalex.org/S4377196331","display_name":"Scholarly Commons (University of Pennsylvania)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79576946","host_organization_name":"University of Pennsylvania","host_organization_lineage":["https://openalex.org/I79576946"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Publicly Accessible Penn Dissertations","raw_type":"text"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1579124695.pdf","grobid_xml":"https://content.openalex.org/works/W1579124695.grobid-xml"},"referenced_works_count":70,"referenced_works":["https://openalex.org/W1489071888","https://openalex.org/W1495009347","https://openalex.org/W1512984987","https://openalex.org/W1559945998","https://openalex.org/W1579579143","https://openalex.org/W1586800968","https://openalex.org/W1605859073","https://openalex.org/W1703197180","https://openalex.org/W1982404296","https://openalex.org/W1985243191","https://openalex.org/W1999027273","https://openalex.org/W2006245086","https://openalex.org/W2007829444","https://openalex.org/W2010635808","https://openalex.org/W2010802592","https://openalex.org/W2015684451","https://openalex.org/W2027565555","https://openalex.org/W2028804387","https://openalex.org/W2037159943","https://openalex.org/W2046004231","https://openalex.org/W2054897298","https://openalex.org/W2067730576","https://openalex.org/W2074812030","https://openalex.org/W2084310832","https://openalex.org/W2084599485","https://openalex.org/W2087292465","https://openalex.org/W2088563154","https://openalex.org/W2089697714","https://openalex.org/W2091596451","https://openalex.org/W2102897370","https://openalex.org/W2113725466","https://openalex.org/W2115552436","https://openalex.org/W2115747715","https://openalex.org/W2124597406","https://openalex.org/W2134391930","https://openalex.org/W2140281938","https://openalex.org/W2150136496","https://openalex.org/W2154127363","https://openalex.org/W2155886504","https://openalex.org/W2157509893","https://openalex.org/W2158192196","https://openalex.org/W2168605160","https://openalex.org/W2171247542","https://openalex.org/W2187809503","https://openalex.org/W2188201939","https://openalex.org/W2204661759","https://openalex.org/W2243330190","https://openalex.org/W2460130136","https://openalex.org/W2737028795","https://openalex.org/W2892248859","https://openalex.org/W3021643362","https://openalex.org/W3121472588","https://openalex.org/W3122818112","https://openalex.org/W3122868860","https://openalex.org/W3122997816","https://openalex.org/W3123152230","https://openalex.org/W3123837930","https://openalex.org/W3123866494","https://openalex.org/W3123968775","https://openalex.org/W3124082201","https://openalex.org/W3124253902","https://openalex.org/W3124384345","https://openalex.org/W3125087107","https://openalex.org/W3125158015","https://openalex.org/W3125221623","https://openalex.org/W3125350312","https://openalex.org/W3125708217","https://openalex.org/W3125823678","https://openalex.org/W3147421935","https://openalex.org/W7097653829"],"related_works":["https://openalex.org/W2298860695","https://openalex.org/W2752412609","https://openalex.org/W7163304205","https://openalex.org/W3122683389","https://openalex.org/W2954980235","https://openalex.org/W2163850038","https://openalex.org/W3125965271","https://openalex.org/W7099087814","https://openalex.org/W4389365800","https://openalex.org/W7043111769"],"abstract_inverted_index":{"In":[0,207],"the":[1,10,47,50,55,84,96,125,135,154,189,202,208,220,233,240,250,252,279,286,291,295,300,302,311],"first":[2,296],"two":[3],"chapters":[4],"of":[5,21,41,49,87,150,158,173,192,223,235,242,267,281,290,305],"this":[6,107,132,229],"dissertation,":[7],"I":[8,31,65,90,102,109,138,168,195,214],"explore":[9,103],"potential":[11],"for":[12],"sovereign":[13,27,51],"debt":[14,28,85],"markets":[15,29],"to":[16,52,60,144,299],"experience":[17],"a":[18,33,37,140,175,216,237,248,276],"new":[19],"type":[20],"dynamic":[22,34,38],"lender":[23],"coordination":[24],"problem":[25],"in":[26,54,80,106,134,185,219,239,251,278],"that":[30,92,111,121,170,198,228,275],"call":[32],"panic.":[35],"During":[36],"panic,":[39],"expectations":[40],"future":[42,56],"negative":[43,61],"investor":[44,62],"sentiments":[45,63],"reduce":[46],"willingness":[48],"repay":[53],"and":[57,76,100,153,164,213],"thus":[58],"translate":[59],"today.":[64],"find":[66,110,169,197],"conditions":[67],"under":[68],"which":[69,183],"such":[70,93,151,174],"sentiment":[71],"dynamics":[72],"can":[73],"be":[74,128,232],"active":[75],"document":[77,215],"their":[78],"presence":[79],"standard":[81],"models.":[82],"When":[83],"is":[86,184,285],"longer":[88],"maturity":[89],"show":[91],"panics":[94,152],"resemble":[95],"recent":[97],"Eurozone":[98],"crisis,":[99],"so":[101],"policy":[104,118],"implications":[105],"environment.":[108],"interest":[112],"rate":[113],"ceilings":[114],"are":[115],"an":[116,264],"ineffective":[117],"tool":[119],"but":[120],"liquidity":[122,159,199],"provision":[123,200],"by":[124,131,201,308,315],"ECB":[126,203],"could":[127,231],"welfare-improving.":[129,206],"Motivated":[130],"result,":[133],"second":[136],"chapter":[137],"perform":[139],"structural":[141],"estimation":[142],"exercise":[143],"determine":[145],"investors'":[146,171],"ex":[147],"ante":[148],"forecast":[149,172],"concomitant":[155],"welfare":[156],"consequences":[157],"provision.":[160],"Using":[161],"Bayesian":[162],"methods":[163],"Spanish":[165],"CDS":[166],"spreads,":[167],"crisis":[176],"ex-ante":[177],"was":[178,204],"once":[179],"every":[180],"7.37":[181],"years,":[182],"close":[186],"accordance":[187],"with":[188,255],"realized":[190],"frequency":[191],"7.5":[193],"years.":[194],"also":[196],"likely":[205],"last":[209],"chapter,":[210],"my":[211],"co-author":[212],"downward":[217],"trend":[218,230],"leverage":[221],"ratios":[222],"innovative":[224],"firms.":[225],"We":[226],"argue":[227],"result":[234],"either":[236],"reduction":[238,277],"cost":[241,280,304],"external":[243,282],"equity":[244,283,306],"finance":[245,269,284],"or":[246],"from":[247],"shifting":[249],"risk-frontier":[253],"associated":[254],"innovation.":[256],"To":[257],"disentangle":[258],"these":[259],"alternative":[260],"stories,":[261],"we":[262],"develop":[263],"equilibrium":[265],"model":[266,273],"optimal":[268],"choice.":[270],"The":[271],"estimated":[272],"suggests":[274],"more":[287],"dominant":[288],"driver":[289],"observed":[292],"trend:":[293],"From":[294],"time":[297],"period":[298],"next,":[301],"per-unit":[303],"falls":[307],"31.6%":[309],"while":[310],"risk":[312],"frontier":[313],"increases":[314],"only":[316],"4.7%.":[317]},"counts_by_year":[],"updated_date":"2026-11-11T12:16:26.678958","created_date":"2016-06-24T00:00:00"}
