Dissertation/Thesis Abstract

Living with Global Shocks: Examining the Responses of Firms and Governments
by Medina, Leandro Manuel, Ph.D., The George Washington University, 2012, 140; 3499791
Abstract (Summary)

In recent decades, greater globalization in the world economy has increased economic and financial interconnectedness among countries, governments, firms, and households, creating important benefits and opportunities, but also generating threats and risks. I examine three questions that aim to improve our understanding of how different economic agents react to global shocks: (1) How do governments' fiscal positions in commodity-exporting countries respond to commodity price shocks? (2) Do changes in institutions trigger fiscal responsibility, or do changes in fiscal behavior fuel changes in institutions to maintain that fiscal behavior? And (3) How did the corporate sector respond to the 2007–09 crisis?

Indexing (document details)
Advisor: Kaminsky, Graciela L.
Commitee: Samaniego, Roberto, Sinclair, Tara, Vegh, Carlos, Wei, Chao
School: The George Washington University
Department: Economics
School Location: United States -- District of Columbia
Source: DAI-A 73/07(E), Dissertation Abstracts International
Subjects: Economics, Finance, Economic theory
Keywords: Commodity prices, Corporate performance, Fiscal institutions, Fiscal policy, Global shocks, International finance, Leverage
Publication Number: 3499791
ISBN: 978-1-267-24823-7
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