subject:(default)

Central Connecticut State University

1. Prabhu, Rajini, 1966-. Predictive Modeling of Credit Card Default.

Degree: Department of Mathematical Sciences, 2017, Central Connecticut State University

URL: http://content.library.ccsu.edu/u?/ccsutheses,2572

►

In this study, we seek to identify the classification model that minimizes costs associated with credit card defaulters in Taiwan. The candidate models used were… (more)

Subjects/Keywords: Default (Finance)

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APA (6^th Edition):

Prabhu, Rajini, 1. (2017). Predictive Modeling of Credit Card Default. (Thesis). Central Connecticut State University. Retrieved from http://content.library.ccsu.edu/u?/ccsutheses,2572

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Prabhu, Rajini, 1966-. “Predictive Modeling of Credit Card Default.” 2017. Thesis, Central Connecticut State University. Accessed April 12, 2021. http://content.library.ccsu.edu/u?/ccsutheses,2572.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Prabhu, Rajini, 1966-. “Predictive Modeling of Credit Card Default.” 2017. Web. 12 Apr 2021.

Vancouver:

Prabhu, Rajini 1. Predictive Modeling of Credit Card Default. [Internet] [Thesis]. Central Connecticut State University; 2017. [cited 2021 Apr 12]. Available from: http://content.library.ccsu.edu/u?/ccsutheses,2572.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Prabhu, Rajini 1. Predictive Modeling of Credit Card Default. [Thesis]. Central Connecticut State University; 2017. Available from: http://content.library.ccsu.edu/u?/ccsutheses,2572

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Central Connecticut State University

2. Ilginisova, Valeriia, 1987-. Applying data-driven error costs to predict the default rate in the online peer-to-peer lending platform LendingClub.

Degree: Department of Mathematical Sciences, 2018, Central Connecticut State University

URL: http://content.library.ccsu.edu/u?/ccsutheses,2847

►

The finance industry is changing rapidly as it embraces the development of information technology and the Internet. As a result, new branches of financial services… (more)

Subjects/Keywords: Default (Finance)

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APA (6^th Edition):

Ilginisova, Valeriia, 1. (2018). Applying data-driven error costs to predict the default rate in the online peer-to-peer lending platform LendingClub. (Thesis). Central Connecticut State University. Retrieved from http://content.library.ccsu.edu/u?/ccsutheses,2847

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Ilginisova, Valeriia, 1987-. “Applying data-driven error costs to predict the default rate in the online peer-to-peer lending platform LendingClub.” 2018. Thesis, Central Connecticut State University. Accessed April 12, 2021. http://content.library.ccsu.edu/u?/ccsutheses,2847.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Ilginisova, Valeriia, 1987-. “Applying data-driven error costs to predict the default rate in the online peer-to-peer lending platform LendingClub.” 2018. Web. 12 Apr 2021.

Vancouver:

Ilginisova, Valeriia 1. Applying data-driven error costs to predict the default rate in the online peer-to-peer lending platform LendingClub. [Internet] [Thesis]. Central Connecticut State University; 2018. [cited 2021 Apr 12]. Available from: http://content.library.ccsu.edu/u?/ccsutheses,2847.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Ilginisova, Valeriia 1. Applying data-driven error costs to predict the default rate in the online peer-to-peer lending platform LendingClub. [Thesis]. Central Connecticut State University; 2018. Available from: http://content.library.ccsu.edu/u?/ccsutheses,2847

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Queens University

3. Mnasri, Ayman. Homeownership, Geographic Mobility and Mortgage Structure .

Degree: Economics, 2014, Queens University

URL: http://hdl.handle.net/1974/12248

► This thesis studies the impact of geographic mobility on the decision of a household to whether to buy or to rent a house, and sheds… (more)

▼ This thesis studies the impact of geographic mobility on the decision of a household to whether to buy or to rent a house, and sheds light on the efficiency of mortgage default prevention policies. The first chapter provides an introduction and an overview of the ongoing policy debates on homeownership and mortgage terms. In the second and third chapters, I study the housing tenure decision in the context of a life cycle model with uninsurable individual income risk, plausibly calibrated to match key features of the U.S. housing market. I find that the relatively low ownership rate of young households is mainly explained by their high geographic mobility. Downpayment constraints have minor quantitative implications on ownership rates, except for old households. I also find that idiosyncratic earnings uncertainty has a significant impact on ownership rates. Based on these results, I argue that the long term increase in ownership rates observed over the period 1993-2009 was not necessarily due to mortgage market innovations and the relaxation of downpayment requirements, as is often argued. Instead, it was simply an implication of U.S. demographic evolution, most notably the decline in interstate migration and, less importantly, population aging. Finally, in Chapter 4, I study the impact of the relaxation of downpayment requirement on homeownership and default risk. Given its quantitative success in matching the U.S. homeownership curve, my model represents a reasonable benchmark to asses the efficiency of mortgage default prevention policies. I find that both income and mobility are the main trigger factors for default decisions. In fact, households with a higher mobility (ie. young households) rate are more likely to default. According to the welfare analysis, I suggest that policymakers include a minimum downpayment requirement of 9.5% in the new definition of the Qualified Residential Mortgage. This number should, however, be viewed with some caution, since I focus on a steady state economy, in which house prices are constant. In fact, the house price represents an important factor influencing the default rate. Potentially, the optimal minimum downpayment requirement should be set at higher value than 9.5%.

Subjects/Keywords: Homeownership ; Default ; Mobility

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APA (6^th Edition):

Mnasri, A. (2014). Homeownership, Geographic Mobility and Mortgage Structure . (Thesis). Queens University. Retrieved from http://hdl.handle.net/1974/12248

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Mnasri, Ayman. “Homeownership, Geographic Mobility and Mortgage Structure .” 2014. Thesis, Queens University. Accessed April 12, 2021. http://hdl.handle.net/1974/12248.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Mnasri, Ayman. “Homeownership, Geographic Mobility and Mortgage Structure .” 2014. Web. 12 Apr 2021.

Vancouver:

Mnasri A. Homeownership, Geographic Mobility and Mortgage Structure . [Internet] [Thesis]. Queens University; 2014. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/1974/12248.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Mnasri A. Homeownership, Geographic Mobility and Mortgage Structure . [Thesis]. Queens University; 2014. Available from: http://hdl.handle.net/1974/12248

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Wake Forest University

4. Emerson, Nichole. Neural Mechanisms Supporting Default Mode Network Regulation of Pain Sensitivity.

Degree: 2016, Wake Forest University

URL: http://hdl.handle.net/10339/64169

► Pain is a highly personal experience that is constructed by complex interactions between sensory, cognitive, affective, and genetic factors. The multi-factorial nature of pain produces… (more)

Subjects/Keywords: Default Mode Network

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APA (6^th Edition):

Emerson, N. (2016). Neural Mechanisms Supporting Default Mode Network Regulation of Pain Sensitivity. (Thesis). Wake Forest University. Retrieved from http://hdl.handle.net/10339/64169

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Emerson, Nichole. “Neural Mechanisms Supporting Default Mode Network Regulation of Pain Sensitivity.” 2016. Thesis, Wake Forest University. Accessed April 12, 2021. http://hdl.handle.net/10339/64169.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Emerson, Nichole. “Neural Mechanisms Supporting Default Mode Network Regulation of Pain Sensitivity.” 2016. Web. 12 Apr 2021.

Vancouver:

Emerson N. Neural Mechanisms Supporting Default Mode Network Regulation of Pain Sensitivity. [Internet] [Thesis]. Wake Forest University; 2016. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/10339/64169.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Emerson N. Neural Mechanisms Supporting Default Mode Network Regulation of Pain Sensitivity. [Thesis]. Wake Forest University; 2016. Available from: http://hdl.handle.net/10339/64169

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Cornell University

5. Taira, Yasushi. Effect Of World Bank’S Traffic Light System On International Financial Flow To Developing Contries.

Degree: PhD, Resource Economics, 2013, Cornell University

URL: http://hdl.handle.net/1813/33965

► In 2004, the World Bank (IDA) introduced the Debt Sustainability Framework (DSF) for low-income countries, so called "traffic light system", based on which IDA determines… (more)

▼ In 2004, the World Bank (IDA) introduced the Debt Sustainability Framework (DSF) for low-income countries, so called "traffic light system", based on which IDA determines the grant/loan ratio to be allocated to each recipient country for each fiscal year. For instance, the country receives 100% grant aid, if the country is classified as "red light" (i.e. unsustainable debt level), under the traffic light system. The World Bank and IMF have been requesting the other institutions (aid donors, export credit agencies and private lenders) to comply with this system, in order to maintain developing countries' debt sustainability and to avoid another debt crisis. Since its introduction, there is a growing concern for some actual and potential shortcomings embedded in the system. My dissertation attempts to address three major issues among them in each essay with strong emphasis on policy implications. The first issue is the free rider problem. Some of the other institutions are suspected to be not complying with the system, and to have been providing non-concessional loans to the "red light" country, by abusing their debt carrying capacity which is improved by grant aid from IDA and other donors. The first chapter develops a theoretical model of the free rider problem, and tests empirically for free riding. The second chapter examines the traffic light system's implicit assumption on the monotonic relationship between the debt stock and the default probability, and provides a theoretical model as well as empirical evidence of non-monotonicity. Panel Logit/Probit analysis indicates that the relationship is "N-shaped" which implies that there exist a paradoxical zone in which default probability could decrease rather than increase with debt stock. The third chapter addresses the possibility that the traffic light system unduly constrains the ability of recipient countries to finance their development goals. The theoretical model and numerical simulations show what the sustainable debt level should be and how "red light" shock affects the long-run economic growth of the recipient country. Advisors/Committee Members: Kanbur, Ravi (chair), Prasad, Eswar Shanker (committee member), Azis, Iwan Jaya (committee member).

Subjects/Keywords: traffic light system; default probability

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APA (6^th Edition):

Taira, Y. (2013). Effect Of World Bank’S Traffic Light System On International Financial Flow To Developing Contries. (Doctoral Dissertation). Cornell University. Retrieved from http://hdl.handle.net/1813/33965

Chicago Manual of Style (16^th Edition):

Taira, Yasushi. “Effect Of World Bank’S Traffic Light System On International Financial Flow To Developing Contries.” 2013. Doctoral Dissertation, Cornell University. Accessed April 12, 2021. http://hdl.handle.net/1813/33965.

MLA Handbook (7^th Edition):

Taira, Yasushi. “Effect Of World Bank’S Traffic Light System On International Financial Flow To Developing Contries.” 2013. Web. 12 Apr 2021.

Vancouver:

Taira Y. Effect Of World Bank’S Traffic Light System On International Financial Flow To Developing Contries. [Internet] [Doctoral dissertation]. Cornell University; 2013. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/1813/33965.

Council of Science Editors:

Taira Y. Effect Of World Bank’S Traffic Light System On International Financial Flow To Developing Contries. [Doctoral Dissertation]. Cornell University; 2013. Available from: http://hdl.handle.net/1813/33965

Cornell University

6. Zhao, Tianli. Three Essays On Dynamic Stochastic General Equilibrium Models With Heterogeneous Agents And Financial Frictions.

Degree: PhD, Economics, 2014, Cornell University

URL: http://hdl.handle.net/1813/39479

► The thesis consists of three essays. The first essay develops a two-country heterogeneous-agents model with equilibrium default to explore the impact of financial integration between… (more)

▼ The thesis consists of three essays. The first essay develops a two-country heterogeneous-agents model with equilibrium default to explore the impact of financial integration between emerging countries and the U.S. The model shows that inefficient credit monitoring in emerging countries makes the borrowers in these countries more prone to default. The higher default risk makes financial intermediation in emerging countries less efficient (e.g. higher interest rate spread, higher default rate and lower borrowing capacity). Thus, households in emerging countries rely more on their own savings to hedge against future uncertainty. As a result, these countries have higher saving rate and lower saving return than the U.S. Given this logic, once funds are allowed to move across borders, money will move from emerging countries to the U.S seeking higher return. Thus, in the long run, the U.S gradually accumulates foreign liability along with depressed interest rate and relaxed credit limit. Meanwhile, the wealth inequality of the U.S gradually increases, whereas the consumption inequality in the U.S is mitigated due to the expanded consumer credit. The results are opposite for emerging countries. The second essay uses the modeling framework developed in the essay One to draw important policy lessons pertaining to how an emerging country should liberalize its capital account from an initial state of financial autarky. The model shows that, due to the inefficient financial intermediation, financial opening up by emerging countries may trigger a capital outflow in the short run. The sudden capital outflow raises the interest rate and crowds out domestic credit in emerging countries, and therefore a fraction of households in these countries become financially distressed, potentially leading to a liquidity crisis. The paper then shows that financial integration has different welfare impacts across households. For example, in emerging economies, rich households benefit from the financial integration but poor suffer. Gradual change in financial openness mitigates these differences leading to a higher overall welfare. Accordingly, the paper argues for a more gradual approach to capital account opening for emerging countries. The third essay explores the linkage between financial disruptions and business cycles by studying the full equilibrium dynamics of an economy with two regimes, "normal business cycles" and "financial disruptions". The system behaves differently across the two regimes. During normal cycles, the economy is fluctuating around the center of the stochastic steady state where agents are able to maintain optimal capital stock through collateral borrowing. During the episodes of financial disruptions, the productive agents are financially constrained and the economy may deviate from its efficient state, followed by a sharp decline in output and capital price as well as a joint increase in risk premium and the Sharpe ratio. The basic mechanism of the model is the following: since the return on capital is higher if it is… Advisors/Committee Members: Tsyrennikov, Viktor (chair), Prasad, Eswar Shanker (committee member), Razin, Assaf (committee member).

Subjects/Keywords: international finance; Default; financial friction

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Zhao, T. (2014). Three Essays On Dynamic Stochastic General Equilibrium Models With Heterogeneous Agents And Financial Frictions. (Doctoral Dissertation). Cornell University. Retrieved from http://hdl.handle.net/1813/39479

Chicago Manual of Style (16^th Edition):

Zhao, Tianli. “Three Essays On Dynamic Stochastic General Equilibrium Models With Heterogeneous Agents And Financial Frictions.” 2014. Doctoral Dissertation, Cornell University. Accessed April 12, 2021. http://hdl.handle.net/1813/39479.

MLA Handbook (7^th Edition):

Zhao, Tianli. “Three Essays On Dynamic Stochastic General Equilibrium Models With Heterogeneous Agents And Financial Frictions.” 2014. Web. 12 Apr 2021.

Vancouver:

Zhao T. Three Essays On Dynamic Stochastic General Equilibrium Models With Heterogeneous Agents And Financial Frictions. [Internet] [Doctoral dissertation]. Cornell University; 2014. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/1813/39479.

Council of Science Editors:

Zhao T. Three Essays On Dynamic Stochastic General Equilibrium Models With Heterogeneous Agents And Financial Frictions. [Doctoral Dissertation]. Cornell University; 2014. Available from: http://hdl.handle.net/1813/39479

University of Nairobi

7. Ikamari, Cynthia A. Application of credit default swaps to commercial banks .

Degree: 2012, University of Nairobi

URL: http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11274

► Commercial banks contribute significantly to the growth ofa nation's economy. The profitability of commercial banks is largely attributed to the interest charged on loans they… (more)

Subjects/Keywords: Credit default swaps; Commercial banks

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APA (6^th Edition):

Ikamari, C. A. (2012). Application of credit default swaps to commercial banks . (Thesis). University of Nairobi. Retrieved from http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11274

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Ikamari, Cynthia A. “Application of credit default swaps to commercial banks .” 2012. Thesis, University of Nairobi. Accessed April 12, 2021. http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11274.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Ikamari, Cynthia A. “Application of credit default swaps to commercial banks .” 2012. Web. 12 Apr 2021.

Vancouver:

Ikamari CA. Application of credit default swaps to commercial banks . [Internet] [Thesis]. University of Nairobi; 2012. [cited 2021 Apr 12]. Available from: http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11274.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Ikamari CA. Application of credit default swaps to commercial banks . [Thesis]. University of Nairobi; 2012. Available from: http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11274

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

8. Busto, María Paula. Una comparación entre regresión logística y random forrest para estimar la probabilidad de default.

Degree: Maestría en Econometría, 2013, Universidad Torcuato di Tella

URL: http://repositorio.utdt.edu/handle/utdt/1618

► Hoy en día, la técnica más utilizada por las entidades bancarias y financieras para intentar detectar el riesgo de incumplimiento de una obligación asumida es… (more)

Subjects/Keywords: Econometría; Economía; Default (Finance); Tesis

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APA (6^th Edition):

Busto, M. P. (2013). Una comparación entre regresión logística y random forrest para estimar la probabilidad de default. (Thesis). Universidad Torcuato di Tella. Retrieved from http://repositorio.utdt.edu/handle/utdt/1618

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Busto, María Paula. “Una comparación entre regresión logística y random forrest para estimar la probabilidad de default.” 2013. Thesis, Universidad Torcuato di Tella. Accessed April 12, 2021. http://repositorio.utdt.edu/handle/utdt/1618.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Busto, María Paula. “Una comparación entre regresión logística y random forrest para estimar la probabilidad de default.” 2013. Web. 12 Apr 2021.

Vancouver:

Busto MP. Una comparación entre regresión logística y random forrest para estimar la probabilidad de default. [Internet] [Thesis]. Universidad Torcuato di Tella; 2013. [cited 2021 Apr 12]. Available from: http://repositorio.utdt.edu/handle/utdt/1618.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Busto MP. Una comparación entre regresión logística y random forrest para estimar la probabilidad de default. [Thesis]. Universidad Torcuato di Tella; 2013. Available from: http://repositorio.utdt.edu/handle/utdt/1618

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Kwame Nkrumah University of Science and Technology

9. Mensah, George Yaw. Determination of Some Factors that Influences Loan Default Payment: Case Study: Customers from Akatakyiman Rural Bank Ltd Komenda.

Degree: 2012, Kwame Nkrumah University of Science and Technology

URL: http://dspace.knust.edu.gh:8080/jspui/handle/123456789/4091

►

Loan Default is the failure of an applicant to fulfil his/her obligation with respect to repayment of loans. Loan default lowest the financial capacity of… (more)

Subjects/Keywords: Loan default; Logistic regression; Risk

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APA (6^th Edition):

Mensah, G. Y. (2012). Determination of Some Factors that Influences Loan Default Payment: Case Study: Customers from Akatakyiman Rural Bank Ltd Komenda. (Thesis). Kwame Nkrumah University of Science and Technology. Retrieved from http://dspace.knust.edu.gh:8080/jspui/handle/123456789/4091

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Mensah, George Yaw. “Determination of Some Factors that Influences Loan Default Payment: Case Study: Customers from Akatakyiman Rural Bank Ltd Komenda.” 2012. Thesis, Kwame Nkrumah University of Science and Technology. Accessed April 12, 2021. http://dspace.knust.edu.gh:8080/jspui/handle/123456789/4091.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Mensah, George Yaw. “Determination of Some Factors that Influences Loan Default Payment: Case Study: Customers from Akatakyiman Rural Bank Ltd Komenda.” 2012. Web. 12 Apr 2021.

Vancouver:

Mensah GY. Determination of Some Factors that Influences Loan Default Payment: Case Study: Customers from Akatakyiman Rural Bank Ltd Komenda. [Internet] [Thesis]. Kwame Nkrumah University of Science and Technology; 2012. [cited 2021 Apr 12]. Available from: http://dspace.knust.edu.gh:8080/jspui/handle/123456789/4091.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Mensah GY. Determination of Some Factors that Influences Loan Default Payment: Case Study: Customers from Akatakyiman Rural Bank Ltd Komenda. [Thesis]. Kwame Nkrumah University of Science and Technology; 2012. Available from: http://dspace.knust.edu.gh:8080/jspui/handle/123456789/4091

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Edinburgh

10. Nolte, Angela. Essays on sovereign debt in federations : bailout, default and exit.

Degree: PhD, 2012, University of Edinburgh

URL: http://hdl.handle.net/1842/7744

► The thesis analyses the moral hazard problem which arises in political or fiscal federations when member states anticipate being bailed out by the centre in… (more)

▼ The thesis analyses the moral hazard problem which arises in political or fiscal federations when member states anticipate being bailed out by the centre in case of financial distress. In particular, I examine whether an orderly default mechanism or deeper fiscal integration within the European Union can alleviate the soft budget constraint phenomenon and provide a solution to the sovereign debt crises engulfing the Eurozone and other parts of the world. The first essay adapts the standard Stackelberg approach of the bailout literature in order to study the effects of bankruptcy procedures on regional opportunistic behaviour. The insolvency mechanism is shaped by two parameters: the costs of default and the exemption level for public assets. The model lends support to the market discipline hypothesis if all public assets are exempt from seizure. If, by contrast, the exemption level for public assets is low, it is the central government rather than the credit market that discourages overborrowing since the former is incentivised to tax heavily indebted regions. The model's major policy insight is that an insolvency mechanism can lower the federation's welfare if it is not carefully designed. The second essay sheds light on the incentive effects of the sovereign debt restructuring mechanism which has been drafted by the Eurozone in response to the debt crisis. Employing a global game approach, the model analyses the impact of insolvency procedures on the size of the bailout, the level of effort exerted by the debtor country and EU welfare. Challenging some arguments in the policy literature, the model's major policy implication is that a half-hearted debt restructuring mechanism fails to mitigate the commitment and moral hazard problems embedded in the current EMU framework. The third essay questions the conventional wisdom that the Euro cannot survive without closer integration, using a simple political economy framework. The model compares the stability and welfare implications of the current "muddling through" scenario, an orderly default mechanism as well as a fiscal and a political union setting. Interestingly, the results suggest that the "muddling through" scenario is not more prone to break-up than the political or the fiscal union. The model's major policy recommendation is that implementing an orderly default mechanism and inserting an explicit exit clause into the European Treaties might prove more effective in preventing a Eurozone break-up than far-reaching institutional reforms.

Subjects/Keywords: 336.3; sovereign debt; bailout; default

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APA (6^th Edition):

Nolte, A. (2012). Essays on sovereign debt in federations : bailout, default and exit. (Doctoral Dissertation). University of Edinburgh. Retrieved from http://hdl.handle.net/1842/7744

Chicago Manual of Style (16^th Edition):

Nolte, Angela. “Essays on sovereign debt in federations : bailout, default and exit.” 2012. Doctoral Dissertation, University of Edinburgh. Accessed April 12, 2021. http://hdl.handle.net/1842/7744.

MLA Handbook (7^th Edition):

Nolte, Angela. “Essays on sovereign debt in federations : bailout, default and exit.” 2012. Web. 12 Apr 2021.

Vancouver:

Nolte A. Essays on sovereign debt in federations : bailout, default and exit. [Internet] [Doctoral dissertation]. University of Edinburgh; 2012. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/1842/7744.

Council of Science Editors:

Nolte A. Essays on sovereign debt in federations : bailout, default and exit. [Doctoral Dissertation]. University of Edinburgh; 2012. Available from: http://hdl.handle.net/1842/7744

University of Georgia

11. Clark, Shannon Derik. Reduced-form mortgage valuation with stochastic home prices.

Degree: 2014, University of Georgia

URL: http://hdl.handle.net/10724/26871

I unite several forms of mortgage duration literature. I employ a reduced-form model that is doubly stochastic to estimate the parameters of the embedded hazard model. I calibrate the model to actual mortgages in the market while estimating the multiplicative and additive risk parameters.

Subjects/Keywords: mortgage valuation; default; prepayment

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APA (6^th Edition):

Clark, S. D. (2014). Reduced-form mortgage valuation with stochastic home prices. (Thesis). University of Georgia. Retrieved from http://hdl.handle.net/10724/26871

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Clark, Shannon Derik. “Reduced-form mortgage valuation with stochastic home prices.” 2014. Thesis, University of Georgia. Accessed April 12, 2021. http://hdl.handle.net/10724/26871.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Clark, Shannon Derik. “Reduced-form mortgage valuation with stochastic home prices.” 2014. Web. 12 Apr 2021.

Vancouver:

Clark SD. Reduced-form mortgage valuation with stochastic home prices. [Internet] [Thesis]. University of Georgia; 2014. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/10724/26871.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Clark SD. Reduced-form mortgage valuation with stochastic home prices. [Thesis]. University of Georgia; 2014. Available from: http://hdl.handle.net/10724/26871

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Boston University

12. Fernandez, Julio Felipe Cordova. Essays on default, entrepreneurship, and institutional arrangements.

Degree: PhD, Economics, 2017, Boston University

URL: http://hdl.handle.net/2144/22452

► This dissertation consists of three chapters on the implications of the personal default option on the economy. In the first two chapters, I analyze how… (more)

▼ This dissertation consists of three chapters on the implications of the personal default option on the economy. In the first two chapters, I analyze how credit constraints faced by entrepreneurs are shaped by the legal environment for default that they face. In the third chapter, I explore the welfare implications of allowing financial intermediaries to charge different interest rates according to perceived probabilities of consumer bankruptcy. In the first chapter, I build a model where agents can pick a career and decide whether to default on their mortgage. The purpose of this model is to analyze the interaction between these decisions and the existence of different legal environments, regarding the degree of recourse that lenders have over the borrowers’ assets. The model yields three basic predictions. First, as lenders have more recourse, the cost of default for the borrower increases and default becomes less frequent. Second, as lenders have more recourse, the entrepreneurship threshold (i.e. the amount of home equity a homeowner requires to become an entrepreneur) also increases. Third, where lenders have relatively less recourse, the size of the entrepreneurship threshold reduction due to a house price increase is larger. In the second chapter I test the validity of the third prediction of the model, which encompasses the other two. Using U.S. data, I find that the margins of creation for small young firms responded strongly to the increase in house prices between 2000 and 2007. This effect was driven by those areas where mortgage default is relatively less costly (less recourse). This link between house prices and entrepreneurial activity becomes weaker after the Great Recession. The third chapter explores the effects of allowing financial intermediaries to charge different interest rates according to the debt profile of agents. It also studies the welfare implications of different bankruptcy schemes and those associated with removing the default option. My findings indicate that allowing for price discrimination and removing the bankruptcy option are both desirable. However, the welfare gain from a more stringent bankruptcy regulation is negligible compared to those of removing the bankruptcy option and allowing discrimination.

Subjects/Keywords: Economics; Bankruptcy; Default; Housing; Recourse

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APA (6^th Edition):

Fernandez, J. F. C. (2017). Essays on default, entrepreneurship, and institutional arrangements. (Doctoral Dissertation). Boston University. Retrieved from http://hdl.handle.net/2144/22452

Chicago Manual of Style (16^th Edition):

Fernandez, Julio Felipe Cordova. “Essays on default, entrepreneurship, and institutional arrangements.” 2017. Doctoral Dissertation, Boston University. Accessed April 12, 2021. http://hdl.handle.net/2144/22452.

MLA Handbook (7^th Edition):

Fernandez, Julio Felipe Cordova. “Essays on default, entrepreneurship, and institutional arrangements.” 2017. Web. 12 Apr 2021.

Vancouver:

Fernandez JFC. Essays on default, entrepreneurship, and institutional arrangements. [Internet] [Doctoral dissertation]. Boston University; 2017. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/2144/22452.

Council of Science Editors:

Fernandez JFC. Essays on default, entrepreneurship, and institutional arrangements. [Doctoral Dissertation]. Boston University; 2017. Available from: http://hdl.handle.net/2144/22452

York University

13. Lam, Jaeger Man-Ho. Re-Examining the Role of the Default Network During Controlled Processing.

Degree: MA -MA, Psychology (Functional Area: Clinical Psychology), 2016, York University

URL: http://hdl.handle.net/10315/32771

► Activation of the default network (DN) during externally-directed cognitive control tasks has been associated with off-task behaviors and poor task performance. Recently, evidence has suggested… (more)

Subjects/Keywords: Neurosciences; Default network; Network neuroscience

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APA (6^th Edition):

Lam, J. M. (2016). Re-Examining the Role of the Default Network During Controlled Processing. (Masters Thesis). York University. Retrieved from http://hdl.handle.net/10315/32771

Chicago Manual of Style (16^th Edition):

Lam, Jaeger Man-Ho. “Re-Examining the Role of the Default Network During Controlled Processing.” 2016. Masters Thesis, York University. Accessed April 12, 2021. http://hdl.handle.net/10315/32771.

MLA Handbook (7^th Edition):

Lam, Jaeger Man-Ho. “Re-Examining the Role of the Default Network During Controlled Processing.” 2016. Web. 12 Apr 2021.

Vancouver:

Lam JM. Re-Examining the Role of the Default Network During Controlled Processing. [Internet] [Masters thesis]. York University; 2016. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/10315/32771.

Council of Science Editors:

Lam JM. Re-Examining the Role of the Default Network During Controlled Processing. [Masters Thesis]. York University; 2016. Available from: http://hdl.handle.net/10315/32771

NSYSU

14. Chen, Jou-Wen. An Empirical Study for the Credit Risk on the Taiwanâs Industries of Plastic and Chemical, Semiconductor and Financial Companies: An Application of the KMV Model.

Degree: Master, Finance, 2015, NSYSU

URL: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526115-135212

► Regardless of many discussions on domestic and foreign credit risk study, many of subprime mortgages defaults were breached by the borrowers since 2007. Large amount… (more)

▼ Regardless of many discussions on domestic and foreign credit risk study, many of subprime mortgages defaults were breached by the borrowers since 2007. Large amount of breach penalties led numerous financial institutions associated with the US mortgage into management crisis. According to FSC statistics, the Bank and Insurance industry of Taiwan that invest in subprime mortage loan have a total loss of NT $ 31.33 billion yuan by the end of February, 2008. Meanwhile, the 2008 financial crisis hit the global economy resulted in consequent deterioration. Subsequently, The Basel Accord had to be updated repeatedly. Again, highlight the importance in credit risk management. During the financial crisis period, the credit risk of investment environment had increased gradually in Taiwan's public traded stocks. The stocks of different industries have similarities and differences in performance tendency. This study used Moody'S KMV Credit Risk Prediction model, and collected research data from a total of 107 companies selected from three major industries of plastic and chemical, semiconductor and finance in Taiwan during January 1, 1995 to December 31, 2014. The research analysis of corporate credit risk and estimate the probability of breach of contract.In addition, thoroughly study different industriesâ performance in the probability of breaching the contract based on the research analysis in this study. Moreover, the research may be used as a stock assessment tool for investors. The following conclusions are based on the empirical results : By looking at the performance of credit risk during the financial crisis, we discovered the probability of default was on the rise for all types of industry from 2000 to 2002 and from 2008 to 2009. Therefore, as every type of industry faced a volatile market, credit risk appeared to be on the rise. Another discovery in plastics, semiconductor, and financial sector is that the predicted mean of the probability of default for financial sector is lower than the other two types of industry. Hence, the discovery suggested financial supervision limited financial sector to the high specifications of risk management and control. Therefore, the probability of default of financial sector is lower than other two types of industry. Advisors/Committee Members: Chung-Jian Huang (chair), Chen,Chin-ming (chair), Chau-Jung Kuo (committee member), Li Yuon-Sun (chair).

Subjects/Keywords: default point; the probability of default; KMV; credit risk

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APA (6^th Edition):

Chen, J. (2015). An Empirical Study for the Credit Risk on the Taiwanâs Industries of Plastic and Chemical, Semiconductor and Financial Companies: An Application of the KMV Model. (Thesis). NSYSU. Retrieved from http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526115-135212

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Chen, Jou-Wen. “An Empirical Study for the Credit Risk on the Taiwanâs Industries of Plastic and Chemical, Semiconductor and Financial Companies: An Application of the KMV Model.” 2015. Thesis, NSYSU. Accessed April 12, 2021. http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526115-135212.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Chen, Jou-Wen. “An Empirical Study for the Credit Risk on the Taiwanâs Industries of Plastic and Chemical, Semiconductor and Financial Companies: An Application of the KMV Model.” 2015. Web. 12 Apr 2021.

Vancouver:

Chen J. An Empirical Study for the Credit Risk on the Taiwanâs Industries of Plastic and Chemical, Semiconductor and Financial Companies: An Application of the KMV Model. [Internet] [Thesis]. NSYSU; 2015. [cited 2021 Apr 12]. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526115-135212.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Chen J. An Empirical Study for the Credit Risk on the Taiwanâs Industries of Plastic and Chemical, Semiconductor and Financial Companies: An Application of the KMV Model. [Thesis]. NSYSU; 2015. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526115-135212

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Victoria University of Wellington

15. Zakaria, Nor Balkish. Corporate Governance and the Relationship between Default Risk and the Earning Response Coefficient.

Degree: 2012, Victoria University of Wellington

URL: http://hdl.handle.net/10063/2106

► This study examines the effect of corporate governance on the relationship between default risk and the earnings response coefficient (ERC). Using a sample of 2,004… (more)

Subjects/Keywords: Default risk; Earnings response coefficient; Corporate governance; Default (Finance)

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APA (6^th Edition):

Zakaria, N. B. (2012). Corporate Governance and the Relationship between Default Risk and the Earning Response Coefficient. (Doctoral Dissertation). Victoria University of Wellington. Retrieved from http://hdl.handle.net/10063/2106

Chicago Manual of Style (16^th Edition):

Zakaria, Nor Balkish. “Corporate Governance and the Relationship between Default Risk and the Earning Response Coefficient.” 2012. Doctoral Dissertation, Victoria University of Wellington. Accessed April 12, 2021. http://hdl.handle.net/10063/2106.

MLA Handbook (7^th Edition):

Zakaria, Nor Balkish. “Corporate Governance and the Relationship between Default Risk and the Earning Response Coefficient.” 2012. Web. 12 Apr 2021.

Vancouver:

Zakaria NB. Corporate Governance and the Relationship between Default Risk and the Earning Response Coefficient. [Internet] [Doctoral dissertation]. Victoria University of Wellington; 2012. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/10063/2106.

Council of Science Editors:

Zakaria NB. Corporate Governance and the Relationship between Default Risk and the Earning Response Coefficient. [Doctoral Dissertation]. Victoria University of Wellington; 2012. Available from: http://hdl.handle.net/10063/2106

16. Gonçalves, Luís Miguel Aragão Duarte. Risco de crédito: implementação de um modelo estrutural para estimar probabilidades de default e credit default swap spreads.

Degree: 2015, RCAAP

URL: https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/11478

► Este trabalho tem como objetivo, calcular e comparar Credit Default Swap (CDS) spreads teóricos, calculados através de um modelo estrutural, com CDS spreads empíricos observados… (more)

Subjects/Keywords: Risco de crédito; Modelo creditGrades; Probabilidade de default; Credit default swap

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APA (6^th Edition):

Gonçalves, L. M. A. D. (2015). Risco de crédito: implementação de um modelo estrutural para estimar probabilidades de default e credit default swap spreads. (Thesis). RCAAP. Retrieved from https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/11478

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Gonçalves, Luís Miguel Aragão Duarte. “Risco de crédito: implementação de um modelo estrutural para estimar probabilidades de default e credit default swap spreads.” 2015. Thesis, RCAAP. Accessed April 12, 2021. https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/11478.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Gonçalves, Luís Miguel Aragão Duarte. “Risco de crédito: implementação de um modelo estrutural para estimar probabilidades de default e credit default swap spreads.” 2015. Web. 12 Apr 2021.

Vancouver:

Gonçalves LMAD. Risco de crédito: implementação de um modelo estrutural para estimar probabilidades de default e credit default swap spreads. [Internet] [Thesis]. RCAAP; 2015. [cited 2021 Apr 12]. Available from: https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/11478.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Gonçalves LMAD. Risco de crédito: implementação de um modelo estrutural para estimar probabilidades de default e credit default swap spreads. [Thesis]. RCAAP; 2015. Available from: https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/11478

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Universidade Nova

17. Rato, Filipa Isabel Gertrudes. Determinação da probabilidade de default de empresas portuguesas aplicando um modelo estrutural.

Degree: 2018, Universidade Nova

URL: https://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/32953

► No presente artigo será medido e analisado o risco de crédito de empresas não financeiras pertencentes ao PSI20 durante os anos 2005 a 2015. Com… (more)

Subjects/Keywords: Probabilidade de default; Risco de crédito; Distance-to-Default

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APA (6^th Edition):

Rato, F. I. G. (2018). Determinação da probabilidade de default de empresas portuguesas aplicando um modelo estrutural. (Thesis). Universidade Nova. Retrieved from https://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/32953

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Rato, Filipa Isabel Gertrudes. “Determinação da probabilidade de default de empresas portuguesas aplicando um modelo estrutural.” 2018. Thesis, Universidade Nova. Accessed April 12, 2021. https://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/32953.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Rato, Filipa Isabel Gertrudes. “Determinação da probabilidade de default de empresas portuguesas aplicando um modelo estrutural.” 2018. Web. 12 Apr 2021.

Vancouver:

Rato FIG. Determinação da probabilidade de default de empresas portuguesas aplicando um modelo estrutural. [Internet] [Thesis]. Universidade Nova; 2018. [cited 2021 Apr 12]. Available from: https://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/32953.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Rato FIG. Determinação da probabilidade de default de empresas portuguesas aplicando um modelo estrutural. [Thesis]. Universidade Nova; 2018. Available from: https://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/32953

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

18. Santana, Carolina Albardeiro. Modelos de risco de crédito: análise de telecoms europeias e bancos americanos.

Degree: 2014, RCAAP

URL: https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/8699

►

G24, G33

Este trabalho tem como objetivo apresentar e testar modelos quantitativos de risco de crédito para instituições financeiras e não financeiras cotadas em bolsa… (more)

▼

G24, G33

Este trabalho tem como objetivo apresentar e testar modelos quantitativos de risco de crédito para instituições financeiras e não financeiras cotadas em bolsa de valores. Estes modelos consistem no cálculo da probabilidade de default, ou seja, a incapacidade da instituição em pagar as suas responsabilidades financeiras nas respetivas maturidades. A forma mais simples de avaliar a probabilidade de default de instituições financeiras e não financeiras assenta na utilização de modelos de scoring de risco de crédito através da análise de rácios financeiros. Os modelos estruturais têm como base as teorias desenvolvidas por Merton (1973, 1974) e Black & Scholes (1973) conhecidas como a análise de contingent claims. Estas teorias derivaram em diversas extensões originando modelos de elevada notoriedade, tais como, o modelo KMV e o modelo CreditGrades. A vertente teórica do trabalho baseia-se em descrever os modelos e explicar as várias técnicas utilizadas para quantificar o risco de default de instituições financeiras e não financeiras. A vertente prática consiste na implementação dos diferentes modelos para testar e confrontar os resultados obtidos.

The objective of this thesis is to present and test credit risk models for financial and non-financial institutions listed on stock markets. These models provide a default probability calculation, which is the institutions’ incapacity to pay the financial liabilities at maturity date. The simplest way to value the default probability of financial and non-financial institutions is through the use of scoring models of credit risk which focus on financial ratios. The contingent claims analysis of Merton (1973, 1974) and Black & Scholes (1973) have been the basis for the structural models. These theories have been the basis for the development of important models such as KMV and CreditGrades. The theoretical part of this thesis describes the models and techniques used to quantify the risk of default of financial and non-financial institutions. The practical part shows the models’ implementation to test and compare the obtained results.

Advisors/Committee Members: Dias, José Carlos.

Subjects/Keywords: Default; Probabilidade de default; Risco de crédito; Modelos estruturais; Modelos de scoring; Probability of default; Credit Risk; Structural Models; Scoring Models

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APA (6^th Edition):

Santana, C. A. (2014). Modelos de risco de crédito: análise de telecoms europeias e bancos americanos. (Thesis). RCAAP. Retrieved from https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/8699

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Santana, Carolina Albardeiro. “Modelos de risco de crédito: análise de telecoms europeias e bancos americanos.” 2014. Thesis, RCAAP. Accessed April 12, 2021. https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/8699.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Santana, Carolina Albardeiro. “Modelos de risco de crédito: análise de telecoms europeias e bancos americanos.” 2014. Web. 12 Apr 2021.

Vancouver:

Santana CA. Modelos de risco de crédito: análise de telecoms europeias e bancos americanos. [Internet] [Thesis]. RCAAP; 2014. [cited 2021 Apr 12]. Available from: https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/8699.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Santana CA. Modelos de risco de crédito: análise de telecoms europeias e bancos americanos. [Thesis]. RCAAP; 2014. Available from: https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/8699

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

19. Botelho, Rodrigo Azevedo de Castro. Estudo sobre o efeito de variáveis macro econômico e do spread de credit default swap no risco de evento de crédito soberano.

Degree: 2012, Brazil

URL: http://hdl.handle.net/10438/10459

►

This paper explores the sovereign default due to the structure of Credit Default Swap spreads. These spreads show the default probability of a country. The… (more)

Subjects/Keywords: Credit default swap; Default probability; Credit risk; Probabilidade de default; Risco de crédito; Economia; Finanças; Risco (Economia); Créditos - Avaliação de riscos

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Botelho, R. A. d. C. (2012). Estudo sobre o efeito de variáveis macro econômico e do spread de credit default swap no risco de evento de crédito soberano. (Masters Thesis). Brazil. Retrieved from http://hdl.handle.net/10438/10459

Chicago Manual of Style (16^th Edition):

Botelho, Rodrigo Azevedo de Castro. “Estudo sobre o efeito de variáveis macro econômico e do spread de credit default swap no risco de evento de crédito soberano.” 2012. Masters Thesis, Brazil. Accessed April 12, 2021. http://hdl.handle.net/10438/10459.

MLA Handbook (7^th Edition):

Botelho, Rodrigo Azevedo de Castro. “Estudo sobre o efeito de variáveis macro econômico e do spread de credit default swap no risco de evento de crédito soberano.” 2012. Web. 12 Apr 2021.

Vancouver:

Botelho RAdC. Estudo sobre o efeito de variáveis macro econômico e do spread de credit default swap no risco de evento de crédito soberano. [Internet] [Masters thesis]. Brazil; 2012. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/10438/10459.

Council of Science Editors:

Botelho RAdC. Estudo sobre o efeito de variáveis macro econômico e do spread de credit default swap no risco de evento de crédito soberano. [Masters Thesis]. Brazil; 2012. Available from: http://hdl.handle.net/10438/10459

University of Rochester

20. Tavares, Tiago Gomes da Silva. Essays on sovereign default.

Degree: PhD, 2015, University of Rochester

URL: http://hdl.handle.net/1802/30219

► This dissertation contributes to literature of International Economics and, in particular, of Sovereign Default with the study of three distinct issues. In the first chapter,… (more)

▼ This dissertation contributes to literature of International Economics and, in particular, of Sovereign Default with the study of three distinct issues. In the first chapter, I study the role of international reserves in sovereign debt restructuring episodes when fiscal adjustment is costly. This study departs from the observation that highly indebted developing economies commonly also hold large external reserves. This behavior seems puzzling given that governments in these countries borrow with an interest rate penalty to compensate lenders for default risk. Reducing debt to the same extent as reserves would maintain net liabilities constant while decreasing interest payments. However, holding reserves can have insurance benefits in a financial crisis. To rationalize the levels of international reserves and external debt observed in the data, a standard dynamic model of equilibrium default is extended to include distortionary taxation and debt restructuring. This chapter shows that fiscal adjustments induced by sovereign default can generate large demand for reserves if taxation is distortionary. At the same time, a non-negligible position in reserves modifies the debt restructuring negotiations upon default. A calibrated version of the model produces recovery rate schedules that are increasing with reserves, as seen in the data, being also able to replicate large positions of reserves and debt to GDP. Finally, I study how both mechanisms play a key quantitative role to generate such result, in fact, not including them, produces a counterfactual demand for reserves that is close to zero. In the second chapter, the relationship between labor market distortions and sovereign debt crises is explored. It is noted that risk of sovereign debt default has frequently affected both emerging market and developed economies. Such financial crises are often accompanied with severe declines of employment that are hard to justify using a standard dynamic stochastic model. In this chapter, I document that a labor wedge deteriorates substantially around swift reversals of current accounts or default episodes. I propose and evaluate two different explanations for these movements by linking the wedges to changes in labor taxes and in the cost of working capital. With these two features included, a dynamic model of equilibrium default is able to replicate the behavior of the labor wedge observed in the data around financial crisis. In the model, higher interest rates are propagated into larger costs of hiring labor through the presence of working capital. As an economy is hit with a stream of bad productivity shocks, the incentives to default become stronger, thus increasing the cost of debt. This reduces firm demand for labor and generates a labor wedge. A similar effect is obtained with a countercyclical tax rate policy. The model is used to shed light on the recent events of the Euro Area debt crisis and in particular of the Greek default event. Finally, in the third chapter, I develop a debt-to-output decomposition and document…

Subjects/Keywords: External debt; International macroeconomics; Sovereign default

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Tavares, T. G. d. S. (2015). Essays on sovereign default. (Doctoral Dissertation). University of Rochester. Retrieved from http://hdl.handle.net/1802/30219

Chicago Manual of Style (16^th Edition):

Tavares, Tiago Gomes da Silva. “Essays on sovereign default.” 2015. Doctoral Dissertation, University of Rochester. Accessed April 12, 2021. http://hdl.handle.net/1802/30219.

MLA Handbook (7^th Edition):

Tavares, Tiago Gomes da Silva. “Essays on sovereign default.” 2015. Web. 12 Apr 2021.

Vancouver:

Tavares TGdS. Essays on sovereign default. [Internet] [Doctoral dissertation]. University of Rochester; 2015. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/1802/30219.

Council of Science Editors:

Tavares TGdS. Essays on sovereign default. [Doctoral Dissertation]. University of Rochester; 2015. Available from: http://hdl.handle.net/1802/30219

McMaster University

21. Cassano, Valentin. A Logical Basis for Reasoning with Default Rules.

Degree: PhD, 2015, McMaster University

URL: http://hdl.handle.net/11375/18052

►

This thesis is an investigation into the foundations of reasoning with default rules as presented by Reiter in his seminal 1980 article: `A Logic for… (more)

▼

This thesis is an investigation into the foundations of reasoning with default rules as presented by Reiter in his seminal 1980 article: `A Logic for Default Reasoning'. In being such, it opens up with a critical appraisal of the logical underpinnings of Reiter's presentation of the main elements of reasoning with default rules. More precisely, following Reiter's presentation, it discusses the concept of a default rule in comparison with that of a rule of inference, the concept of an extension in comparison with that of a theory, and the concept of `being a consequence of' for reasoning with default rules. Contrary to the commonly perceived view, the argument put forth is that such a context does not provide sensible logical foundation for reasoning with default rules. As a result, this thesis argues for an alternative interpretation to what is captured by default rules, what is captured by extensions, and what `being a consequence of' for reasoning with default rules amounts to. In particular, it proposes to treat default rules as premiss-like objects standing for assertions made tentatively, to treat extensions as interpretation structures of a syntactical kind, and to bring the concept of `being a consequence of' for reasoning with default rules into the foreground by formulating a suitable notion of an entailment relation and its ensuing logical system. Accounting for the fact that in any logical system it is important to have at hand mechanisms for formulating proofs and for structuring large theories, this thesis presents a tableaux based proof calculus for reasoning with default rules and it explores some mappings notions related to the structuring of default presentations, i.e., presentations in the context of reasoning with default rules.

Thesis

Doctor of Philosophy (PhD)

This thesis is an investigation into the foundations of reasoning with default rules as presented by Reiter in his seminal 1980 article: `A Logic for Default Reasoning'. A first very general problem definition for this Ph.D. thesis is raised by the following question: Can reasoning with default rules, as presented in Reiter's seminal 1980 article: `A Logic for Default Reasoning', be understood as a logic for non-monotonic reasoning? This thesis presents a rationale for the formulation of such a question and a possible answer for it. On the more technical side, this thesis presents a proof calculus for a particular formulation of a logic for reasoning with default rules, as well as some mapping concepts for structuring presentations defined on this logic.

Advisors/Committee Members: Maibaum, Thomas S.E., Lopez Pombo, Carlos G., Computing and Software.

Subjects/Keywords: Logic; Formal Logic; Nonmonotonic Reasoning; Default Reasoning

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APA (6^th Edition):

Cassano, V. (2015). A Logical Basis for Reasoning with Default Rules. (Doctoral Dissertation). McMaster University. Retrieved from http://hdl.handle.net/11375/18052

Chicago Manual of Style (16^th Edition):

Cassano, Valentin. “A Logical Basis for Reasoning with Default Rules.” 2015. Doctoral Dissertation, McMaster University. Accessed April 12, 2021. http://hdl.handle.net/11375/18052.

MLA Handbook (7^th Edition):

Cassano, Valentin. “A Logical Basis for Reasoning with Default Rules.” 2015. Web. 12 Apr 2021.

Vancouver:

Cassano V. A Logical Basis for Reasoning with Default Rules. [Internet] [Doctoral dissertation]. McMaster University; 2015. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/11375/18052.

Council of Science Editors:

Cassano V. A Logical Basis for Reasoning with Default Rules. [Doctoral Dissertation]. McMaster University; 2015. Available from: http://hdl.handle.net/11375/18052

Penn State University

22. Johnson, Brian. ALTERATIONS OF BRAIN RESTING STATE FUNCTIONAL CONNECTIVITY AND DEFAULT MODE NETWORK IN THE SUBACUTE PHASE OF MILD TRAUMATIC BRAIN INJURY .

Degree: 2011, Penn State University

URL: https://submit-etda.libraries.psu.edu/catalog/12265

► There are a number of symptoms, both neurological and behavioral, associated with a single episode of mild traumatic brain injury (mTBI). Neuropsychological testing and conventional… (more)

▼ There are a number of symptoms, both neurological and behavioral, associated with a single episode of mild traumatic brain injury (mTBI). Neuropsychological testing and conventional neuroimaging techniques are not sufficiently sensitive to detect these changes, which adds to the complexity and difficulty in relating symptoms from mTBI to their underlying structural or functional deficits. With the inability of traditional brain imaging techniques to properly assess the severity of brain damage induced by mTBI, there is hope that more advanced neuroimaging applications will be more sensitive, as well as specific, in accurately assessing mTBI. In this study, we used resting state functional magnetic resonance imaging to evaluate the default mode network (DMN) in the subacute phase of mTBI. Fourteen concussed student- athletes who were asymptomatic based upon clinical symptoms resolution and clearance for aerobic exercise by medical professionals were scanned using resting state functional magnetic resonance imaging. Nine additional asymptomatic, yet not medically cleared athletes were recruited to investigate the effect of a single episode of mTBI versus multiple mTBIs on the resting state DMN. In concussed individuals the resting state DMN showed a reduced number of connections and strength of connections in the posterior cingulate and lateral parietal cortices. However an increased number of connections and strength of connections was seen in the medial prefrontal cortex of the mTBI group. Connections between the left dorso-lateral prefrontal cortex and left lateral parietal cortex showed a significant reduction in magnitude as the number of concussions increased. Regression analysis also indicated an overall loss of connectivity as the number of mTBI episodes increased. Our findings indicate that alterations in the brain resting state default mode network in the subacute phase of injury may be of use clinically in assessing the severity of mTBI and offer insight into the pathophysiology of the disorder. Advisors/Committee Members: Semyon Slobounov, Thesis Advisor/Co-Advisor, Semyon Slobounov, Thesis Advisor/Co-Advisor.

Subjects/Keywords: subacute; default mode network; mTBI; rs-fcMRI

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Johnson, B. (2011). ALTERATIONS OF BRAIN RESTING STATE FUNCTIONAL CONNECTIVITY AND DEFAULT MODE NETWORK IN THE SUBACUTE PHASE OF MILD TRAUMATIC BRAIN INJURY . (Thesis). Penn State University. Retrieved from https://submit-etda.libraries.psu.edu/catalog/12265

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Johnson, Brian. “ALTERATIONS OF BRAIN RESTING STATE FUNCTIONAL CONNECTIVITY AND DEFAULT MODE NETWORK IN THE SUBACUTE PHASE OF MILD TRAUMATIC BRAIN INJURY .” 2011. Thesis, Penn State University. Accessed April 12, 2021. https://submit-etda.libraries.psu.edu/catalog/12265.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Johnson, Brian. “ALTERATIONS OF BRAIN RESTING STATE FUNCTIONAL CONNECTIVITY AND DEFAULT MODE NETWORK IN THE SUBACUTE PHASE OF MILD TRAUMATIC BRAIN INJURY .” 2011. Web. 12 Apr 2021.

Vancouver:

Johnson B. ALTERATIONS OF BRAIN RESTING STATE FUNCTIONAL CONNECTIVITY AND DEFAULT MODE NETWORK IN THE SUBACUTE PHASE OF MILD TRAUMATIC BRAIN INJURY . [Internet] [Thesis]. Penn State University; 2011. [cited 2021 Apr 12]. Available from: https://submit-etda.libraries.psu.edu/catalog/12265.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Johnson B. ALTERATIONS OF BRAIN RESTING STATE FUNCTIONAL CONNECTIVITY AND DEFAULT MODE NETWORK IN THE SUBACUTE PHASE OF MILD TRAUMATIC BRAIN INJURY . [Thesis]. Penn State University; 2011. Available from: https://submit-etda.libraries.psu.edu/catalog/12265

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Queens University

23. Lee, Stephen. Neural Correlates of Predictive Saccades in Young Healthy Adults .

Degree: Neuroscience Studies, 2011, Queens University

URL: http://hdl.handle.net/1974/6644

► Our behaviour is guided by the ability to predict future events. The predictive saccade paradigm has been shown to be a valuable tool that uses… (more)

▼ Our behaviour is guided by the ability to predict future events. The predictive saccade paradigm has been shown to be a valuable tool that uses eye movements to measure the control of predictive behaviour. In this task, subjects follow a visual target that alternates or “steps” between two fixed locations at either predictable or unpredictable inter-stimulus time intervals (ISIs). Response times can be measured by subtracting the time of saccade initiation from the time of target appearance. When the ISI is predictable, saccadic reaction times (SRTs) become predictive (SRT <100ms) within 3-4 target steps, but when the ISI is unpredictable, the SRTs remain reactive to target appearance (SRT >100ms). The goal of our study was to investigate neural mechanisms controlling prediction by contrasting areas in the brain that were more active for predictive (PRED) versus reactive (REACT) saccades in young healthy adults using functional magnetic resonance imaging (fMRI). fMRI analysis revealed two distinct neural networks more recruited for REACT and PRED tasks. We observed greater activation for the REACT task compared to the PRED task in oculomotor network areas including the frontal, supplementary, parietal eye fields, dorsolateral prefrontal cortex, thalamus, and putamen. These structures are all involved with the control of saccades. We also observed greater activation for the PRED task compared to the REACT task in default network areas, including the medial prefrontal cortex, posterior cingulate cortex, inferior parietal lobule, and hippocampus. These structures are known to be involved with passive thinking when subjects are not focused on their external environments. We also observed greater activation for the PRED task in the cerebellum (crus I), which may serve as the internal clock that drives the regular rhythmic behaviour observed for predictive saccades. In summary, our findings suggest brain activation in the PRED task reflects automated and motor-timed responses, while that for the REACT task reflects externally-driven responses. Therefore, the predictive saccade task is an excellent tool for measuring prediction involving fast internally-guided responses.

Subjects/Keywords: Predictive Saccades ; Cerebellum ; Oculomotor Network ; Default Network

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Lee, S. (2011). Neural Correlates of Predictive Saccades in Young Healthy Adults . (Thesis). Queens University. Retrieved from http://hdl.handle.net/1974/6644

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Lee, Stephen. “Neural Correlates of Predictive Saccades in Young Healthy Adults .” 2011. Thesis, Queens University. Accessed April 12, 2021. http://hdl.handle.net/1974/6644.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Lee, Stephen. “Neural Correlates of Predictive Saccades in Young Healthy Adults .” 2011. Web. 12 Apr 2021.

Vancouver:

Lee S. Neural Correlates of Predictive Saccades in Young Healthy Adults . [Internet] [Thesis]. Queens University; 2011. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/1974/6644.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Lee S. Neural Correlates of Predictive Saccades in Young Healthy Adults . [Thesis]. Queens University; 2011. Available from: http://hdl.handle.net/1974/6644

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Nairobi

24. Kerin, S L. Determinants Of Student Loans Default Rate In Kenya: The Case Of Higher Education Loans Board .

Degree: 2012, University of Nairobi

URL: http://hdl.handle.net/11295/95552

► Higher education matters because knowledge for its own sake is important, as is the transmission of core values for individual life chances and for national… (more)

▼ Higher education matters because knowledge for its own sake is important, as is the transmission of core values for individual life chances and for national economic performance. The need for greater higher educational capacity, quality, and equity is leading more and more countries to turn to student loan schemes, both as a form of student assistance and also as a crucial source of revenue to supplement the increasingly inadequate revenue available from governments and families. In Kenya the Higher Education Loans Board has been mandated by HELB Act CAP 213A to finance students pursuing higher education both within and outside Kenya. It however faces the challenge of low recoveries, dwindling finances from the Government, increased demand due to growing student population and rising costs of education. Understanding the determinants of loan default rates in student loan schemes seems to hold the key to overcoming the obstacles to student loan default rate. This study’s objective was to investigate the factors behind high loan defaults and to what extent they affect student loan default in Kenya. It was a case study of Higher Education Loans Board. A Theoretical and empirical review of literature on past studies made on the same were carried out and finally Policy recommendations to minimize loan default suggested. This study performed regression analysis on secondary data from HELB database of student loan beneficiaries whose loans were in default or dormant focusing on factors identified as critical determinants of default(independent variables) which were; the total amount of loan advanced, age of student, institution attended and study period. The regression model was expected to yield probability of default given various levels of the independent variables. The study found out that the likelihood that a loanee will default on the university loan is related to a complex web of factors including the total level of debt, the age of student, period of study and the institution of study among others. It would therefore be difficult for the lending institution to manage default on the basis of a single factor. Developing a default management program may be the first step to reducing default rate with the main focus being to prevent the occurrence of default long before the loan beneficiary graduates.

Subjects/Keywords: Determinants Of Student Loans Default Rate

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Kerin, S. L. (2012). Determinants Of Student Loans Default Rate In Kenya: The Case Of Higher Education Loans Board . (Thesis). University of Nairobi. Retrieved from http://hdl.handle.net/11295/95552

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Kerin, S L. “Determinants Of Student Loans Default Rate In Kenya: The Case Of Higher Education Loans Board .” 2012. Thesis, University of Nairobi. Accessed April 12, 2021. http://hdl.handle.net/11295/95552.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Kerin, S L. “Determinants Of Student Loans Default Rate In Kenya: The Case Of Higher Education Loans Board .” 2012. Web. 12 Apr 2021.

Vancouver:

Kerin SL. Determinants Of Student Loans Default Rate In Kenya: The Case Of Higher Education Loans Board . [Internet] [Thesis]. University of Nairobi; 2012. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/11295/95552.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Kerin SL. Determinants Of Student Loans Default Rate In Kenya: The Case Of Higher Education Loans Board . [Thesis]. University of Nairobi; 2012. Available from: http://hdl.handle.net/11295/95552

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

25. Henriques, Mariana Isabel Simões. Modelos de avaliação do risco de crédito: aplicação a empresas cotadas.

Degree: 2013, RCAAP

URL: https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/14580

► Com a globalização e liberalização de mercados, com a crescente incerteza e risco é fundamental nos dias que correm distinguir um bom de um mau… (more)

Subjects/Keywords: Risco de crédito; Default; KMV Model; CreditGrades

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Henriques, M. I. S. (2013). Modelos de avaliação do risco de crédito: aplicação a empresas cotadas. (Thesis). RCAAP. Retrieved from https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/14580

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16^th Edition):

Henriques, Mariana Isabel Simões. “Modelos de avaliação do risco de crédito: aplicação a empresas cotadas.” 2013. Thesis, RCAAP. Accessed April 12, 2021. https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/14580.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7^th Edition):

Henriques, Mariana Isabel Simões. “Modelos de avaliação do risco de crédito: aplicação a empresas cotadas.” 2013. Web. 12 Apr 2021.

Vancouver:

Henriques MIS. Modelos de avaliação do risco de crédito: aplicação a empresas cotadas. [Internet] [Thesis]. RCAAP; 2013. [cited 2021 Apr 12]. Available from: https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/14580.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Henriques MIS. Modelos de avaliação do risco de crédito: aplicação a empresas cotadas. [Thesis]. RCAAP; 2013. Available from: https://www.rcaap.pt/detail.jsp?id=oai:comum.rcaap.pt:10400.26/14580

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

26. Craig, Michael Murphy. Brain Network Connectivity in Anaesthesia and Disorders of Consciousness.

Degree: PhD, 2019, University of Cambridge

URL: https://www.repository.cam.ac.uk/handle/1810/293289

► Until recently, understanding the nature of consciousness was considered a philosophical pursuit. However, technological developments in brain imaging have allowed the study of consciousness as… (more)

▼ Until recently, understanding the nature of consciousness was considered a philosophical pursuit. However, technological developments in brain imaging have allowed the study of consciousness as a natural, neurobiological phenomenon. The neurobiology of consciousness has been studied using cognitive and behavioural testing in healthy volunteers and by examining how brain function and connectivity is altered in various clinical settings. The focus of this thesis is to use two of these clinical settings, pharmacologically-induced sedation and disorders of consciousness (DOC), as experimental models for measuring changes in connectivity patterns associated with alterations in consciousness. Experiment 1 presents a method for improving functional magnetic resonance imaging (fMRI) data pre-processing to measure brain network connectivity more accurately. This pre-processing method is then applied to the analyses in the remainder of the thesis. Experiment 2 focuses on a fMRI dataset in which healthy volunteers were administered propofol, an anaesthetic drug known to act on inhibitory GABAergic interneurons. Using a novel multimodal analysis, changes in functional brain network connectivity in default mode, salience, and frontoparietal control networks were found to correlate with the cortical distribution of parvalbumin-expressing GABAergic interneurons. Using the same dataset, Experiment 3 identified a relationship between structural and functional networks in connections between default mode and salience networks. Similar results have been reported in non-human primate models, however, this is the first study to find network-specific structure-function relationships during sedation in humans. These findings informed the remainder of the thesis, which focused on developing network-based machine learning methods for examining brain connectivity in patients with DOC. Experiment 4 developed and validated a graph convolutional neural network (GCNN) classifier using fMRI data and functional connectivity from healthy volunteers performing a volitional mental imagery task. Experiment 5 applied the GCNN to patients with DOC and found frontoparietal control network connectivity measured at rest to be most important in classifying patients capable of performing the mental imagery task. Taken together, these results contribute to the improvement of brain network analysis techniques, the understanding of the neurobiology of propofol-induced sedation, and the development of machine learning algorithms to identify DOC patients with preserved covert volitional capacity. This work demonstrates the utility of clinical models in deepening our understanding of the neurobiology of consciousness.

Subjects/Keywords: Disorders of Consciousness; Default Mode Network; Anaesthesia

10 more images…

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Craig, M. M. (2019). Brain Network Connectivity in Anaesthesia and Disorders of Consciousness. (Doctoral Dissertation). University of Cambridge. Retrieved from https://www.repository.cam.ac.uk/handle/1810/293289

Chicago Manual of Style (16^th Edition):

Craig, Michael Murphy. “Brain Network Connectivity in Anaesthesia and Disorders of Consciousness.” 2019. Doctoral Dissertation, University of Cambridge. Accessed April 12, 2021. https://www.repository.cam.ac.uk/handle/1810/293289.

MLA Handbook (7^th Edition):

Craig, Michael Murphy. “Brain Network Connectivity in Anaesthesia and Disorders of Consciousness.” 2019. Web. 12 Apr 2021.

Vancouver:

Craig MM. Brain Network Connectivity in Anaesthesia and Disorders of Consciousness. [Internet] [Doctoral dissertation]. University of Cambridge; 2019. [cited 2021 Apr 12]. Available from: https://www.repository.cam.ac.uk/handle/1810/293289.

Council of Science Editors:

Craig MM. Brain Network Connectivity in Anaesthesia and Disorders of Consciousness. [Doctoral Dissertation]. University of Cambridge; 2019. Available from: https://www.repository.cam.ac.uk/handle/1810/293289

Brunel University

27. Aliakbari, Saeideh. Corporate credit risk and economic performance.

Degree: PhD, 2016, Brunel University

URL: http://bura.brunel.ac.uk/handle/2438/12416 ; http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.683629

► This thesis is based on three essays in corporate credit risk and economic performance analysis. Corporate bankruptcy prediction using past financial information is well established… (more)

▼ This thesis is based on three essays in corporate credit risk and economic performance analysis. Corporate bankruptcy prediction using past financial information is well established in the literature. Early studies of corporate bankruptcy prediction mainly applied statistical techniques such as discriminant analysis, logit and probit. Although, some of these models such as logit is still widely popular amongst the academics and practitioners due to its simplicity, the shortcomings of such models for bankruptcy prediction have been noticed and criticised in the literature. One of the main shortcomings is that these models as linear classification approach can not explain the possible non-linear relationship between some accounting ratios and the probability of default (PD). This issue has been addressed in the literature by introducing non-linear statistical techniques such as support vector machines (SVM). The first essay of this thesis, presented in Chapter 2, investigates the performance of SVM in corporate bankruptcy prediction and compares its performance with that of logit. This essay analyses bankruptcy risk for firms in the Asian and Pacific region using a list of financial ratios which covers different aspects of a firm's performance. The financial and credit event information for this analysis is provided by the Risk Management Institute of National University of Singapore (RMI NUS). With respect to forecasting accuracy, the findings of this analysis reveal that on average the SVM displays a higher forecasting accuracy and a more robust performance than the logit. Among several financial ratios suggested as predictors of default, leverage ratios and firm size display a higher discriminating power compared to others. Additionally, an analysis of the relationship between PD and financial ratios is provided. The accounting based models in bankruptcy analysis are mostly based on a set of measures which represents current financial position of the firms. However, these models have no indication of the status of the technology competency of a firm amongst its peers, which could be a more significant factor in the survival of a firm. Therefore, a new measure about level of firm's technological knowledge is required for a more precise assessment of firms future financial performance. Considering the rise in the technological competition and patenting activities since the 1990s and also the important role of accurate credit rating modeling in the financial stability, second essay of this thesis examined in Chapter 3 focuses on the relationship between patent applications, as an output of a firm's technological development, and financial survival. Applying a survival analysis model, this relationship is empirically tested on a longitudinal firm-level data set for the listed firms in the US which matches the patent application data from European Patent Offi ce (EPO) against a set of financial variables provided by RMI NUS. The results of this analysis reveal that patent applications are strong identifiers of low…

Subjects/Keywords: 332.7; Logit; Bankruptcy; Patent; Innovation; Default

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Aliakbari, S. (2016). Corporate credit risk and economic performance. (Doctoral Dissertation). Brunel University. Retrieved from http://bura.brunel.ac.uk/handle/2438/12416 ; http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.683629

Chicago Manual of Style (16^th Edition):

Aliakbari, Saeideh. “Corporate credit risk and economic performance.” 2016. Doctoral Dissertation, Brunel University. Accessed April 12, 2021. http://bura.brunel.ac.uk/handle/2438/12416 ; http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.683629.

MLA Handbook (7^th Edition):

Aliakbari, Saeideh. “Corporate credit risk and economic performance.” 2016. Web. 12 Apr 2021.

Vancouver:

Aliakbari S. Corporate credit risk and economic performance. [Internet] [Doctoral dissertation]. Brunel University; 2016. [cited 2021 Apr 12]. Available from: http://bura.brunel.ac.uk/handle/2438/12416 ; http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.683629.

Council of Science Editors:

Aliakbari S. Corporate credit risk and economic performance. [Doctoral Dissertation]. Brunel University; 2016. Available from: http://bura.brunel.ac.uk/handle/2438/12416 ; http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.683629

University of Edinburgh

28. Kay, Steven Frank. Mapping the drift to default : a credit risk modelling approach to the early termination of UK residential mortgages.

Degree: PhD, 2013, University of Edinburgh

URL: http://hdl.handle.net/1842/17934

► This thesis is devoted to UK Mortgage Performance Modelling. The research conducted uses an option pricing methodology to model theoretically the value of Mortgages, the… (more)

▼ This thesis is devoted to UK Mortgage Performance Modelling. The research conducted uses an option pricing methodology to model theoretically the value of Mortgages, the Option to default and the probability to default and to compare the predictive accuracy of the latter with the predictive accuracy of data driven credit-scoring techniques. Theoretical models are constructed to represent the life cycles of loans collateralised by real property operating within a stochastic economic environment of house-price and interest rate. These realistic mortgage models provide a confirmation of recent research based upon a relaxation of the assumption of financially rational, 'ruthless' prepayment, bridge a potential oversight in existing research by an extension of existing modelling in the stochastic behaviour of the house price process and present a proposal for a straightforward approach utilising characteristic measures of borrower delinquency and insolvency that enables estimation of the default probabilities implicit in residential mortgages using a simple but enhanced optimising structural model. This model straightforwardly demonstrates that one can predict the probability of eventual default, beginning at the origination of the loan, the time when a lender would be most interested in making such a determination. Secondly the problem of mortgage loan default risk is empirically assessed in a number of different ways focusing upon analysis of the competing risks of early termination, the inclusion of macro-economic variables - time varying covariates and unobserved borrower heterogeneity. Key insight is provided by means of a multi-period model exploiting the potential of the survival analysis approach when both loan survival times and the various regressors are measured at discrete points in time. The discrete-time hazard model is used as an empirical framework for analysing the deterioration process leading to loan default and as a tool for prediction of the same event. Results show that the prediction accuracy of the duration model is better than that provided by a single period logistic model. The predictive power of the discrete time survival analysis is enhanced when it is extended to allow for unobserved individual heterogeneity (frailty).

Subjects/Keywords: 332.7; credit risk; default; residential mortgages

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APA (6^th Edition):

Kay, S. F. (2013). Mapping the drift to default : a credit risk modelling approach to the early termination of UK residential mortgages. (Doctoral Dissertation). University of Edinburgh. Retrieved from http://hdl.handle.net/1842/17934

Chicago Manual of Style (16^th Edition):

Kay, Steven Frank. “Mapping the drift to default : a credit risk modelling approach to the early termination of UK residential mortgages.” 2013. Doctoral Dissertation, University of Edinburgh. Accessed April 12, 2021. http://hdl.handle.net/1842/17934.

MLA Handbook (7^th Edition):

Kay, Steven Frank. “Mapping the drift to default : a credit risk modelling approach to the early termination of UK residential mortgages.” 2013. Web. 12 Apr 2021.

Vancouver:

Kay SF. Mapping the drift to default : a credit risk modelling approach to the early termination of UK residential mortgages. [Internet] [Doctoral dissertation]. University of Edinburgh; 2013. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/1842/17934.

Council of Science Editors:

Kay SF. Mapping the drift to default : a credit risk modelling approach to the early termination of UK residential mortgages. [Doctoral Dissertation]. University of Edinburgh; 2013. Available from: http://hdl.handle.net/1842/17934

Princeton University

29. Nguyen, Mai Lin. Shared and idiosyncratic neural processing of naturalistic communication in the default mode network .

Degree: PhD, 2020, Princeton University

URL: http://arks.princeton.edu/ark:/88435/dsp011g05ff53g

► Humans have a unique ability to share knowledge of the world with each other via communication. A finite set of spoken sounds and written symbols… (more)

▼ Humans have a unique ability to share knowledge of the world with each other via communication. A finite set of spoken sounds and written symbols can be used in as diverse situations as telling a personal story, ordering coffee, or sharing scientific results. However, the remarkable flexibility in the form and content of communication is matched with inherent ambiguity in its interpretation. A listener might misunderstand a speaker, lack the appropriate context or background to process the information, or simply interpret the same information in a different way than is intended. This dissertation aims to elucidate neural processes underlying shared and idiosyncratic interpretation of naturalistic communication. We argue that shared understanding of information across forms of communication is reflected in the shared dynamics of neural responses in the default mode network, both among receivers of information and between senders and receivers. Using a novel method, intersubject representational similarity analysis, we first show that regions of the DMN are sensitive to individual differences in the interpretation of an abstract, ambiguous narrative: across individuals, similarity in narrative interpretation is correlated to similarity in neural activity (Chapter 2). At the same time though, we find that the DMN is remarkably invariant to the modality of the narrative. The same narrative presented in strikingly different forms elicits similar neural responses in the DMN, but only when interpretation of the narrative is shared across forms (Chapter 3). We then demonstrate that shared neural responses in DMN emerge from the interaction of brains in communication in a non-narrative context. We find that the neural activity of teachers and students learning abstract technical information are coupled during communication and that the magnitude of this coupling is related to learning outcomes (Chapter 4). We ultimately argue for a new view of the DMN as a system for integrating internal representations with incoming, external information, resulting in both shared and idiosyncratic neural representations over long timescales. This unique interplay between extrinsic and intrinsic forces enables us to both shape and be shaped by other minds and provides a mechanism for negotiating a shared neural code underlying communication (Chapter 5). Advisors/Committee Members: Hasson, Uri (advisor).

Subjects/Keywords: communication; default mode network; fMRI; intersubject; naturalistic

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Nguyen, M. L. (2020). Shared and idiosyncratic neural processing of naturalistic communication in the default mode network . (Doctoral Dissertation). Princeton University. Retrieved from http://arks.princeton.edu/ark:/88435/dsp011g05ff53g

Chicago Manual of Style (16^th Edition):

Nguyen, Mai Lin. “Shared and idiosyncratic neural processing of naturalistic communication in the default mode network .” 2020. Doctoral Dissertation, Princeton University. Accessed April 12, 2021. http://arks.princeton.edu/ark:/88435/dsp011g05ff53g.

MLA Handbook (7^th Edition):

Nguyen, Mai Lin. “Shared and idiosyncratic neural processing of naturalistic communication in the default mode network .” 2020. Web. 12 Apr 2021.

Vancouver:

Nguyen ML. Shared and idiosyncratic neural processing of naturalistic communication in the default mode network . [Internet] [Doctoral dissertation]. Princeton University; 2020. [cited 2021 Apr 12]. Available from: http://arks.princeton.edu/ark:/88435/dsp011g05ff53g.

Council of Science Editors:

Nguyen ML. Shared and idiosyncratic neural processing of naturalistic communication in the default mode network . [Doctoral Dissertation]. Princeton University; 2020. Available from: http://arks.princeton.edu/ark:/88435/dsp011g05ff53g

University of Edinburgh

30. Moreira, Fernando Francis. Joint defaults in a non-normal world : empirical estimations and suggestions for Basel Accords based on copulas.

Degree: PhD, 2011, University of Edinburgh

URL: http://hdl.handle.net/1842/6399

► Credit risk models widely used in the financial market nowadays assume that losses are normally distributed and have linear dependence. Nevertheless it is well known… (more)

▼ Credit risk models widely used in the financial market nowadays assume that losses are normally distributed and have linear dependence. Nevertheless it is well known that asset returns (loans included) are not normally distributed and present tail dependence. Therefore the traditional approaches are not able to capture possible stronger association among higher losses and tend to underestimate the probability of joint extreme losses. Copula functions are an alternative to overcome this drawback since they yield accurate dependence measures regardless of the distribution of the variables analysed. This technique was first applied to credit risk in 2000 but the studies in this field have been concentrated on corporate debt and derivatives. We filled this gap in the literature by employing copulas to estimate the dependence among consumer loans. In an empirical study based on a credit card portfolio of a large UK bank, we found evidence that standard models are misspecified as the dependence across default rates in the dataset is seldom expressed by the (Gaussian) copula implicit in those models. The comparison between estimations of joint high default rates from the conventional approach and from the best-fit copulas confirmed the superiority of the latter method. The initial investigation concerning pairs of credit segments was extended to groups of three segments with the purpose of accounting for potential heterogeneous dependence within the portfolio. To do so, we introduced vine copulas (combinations of bivariate copulas to form high-dimension copulas) to credit risk and the empirical estimations of simultaneous excessive defaults based on this technique were better than both the estimations from the pairwise copulas and from the conventional models. Another contribution of this work concerns the application of copulas to a method derived from the limited credit models: the calculation of the capital required to cover unexpected losses in financial institutions. Two models were proposed and, according to simulations, outperformed the current method (Basel) in most of the scenarios considered.

Subjects/Keywords: 332; credit risk; default; Basel Accords; copulas

Record Details Similar Records Cite « Share

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6^th Edition):

Moreira, F. F. (2011). Joint defaults in a non-normal world : empirical estimations and suggestions for Basel Accords based on copulas. (Doctoral Dissertation). University of Edinburgh. Retrieved from http://hdl.handle.net/1842/6399

Chicago Manual of Style (16^th Edition):

Moreira, Fernando Francis. “Joint defaults in a non-normal world : empirical estimations and suggestions for Basel Accords based on copulas.” 2011. Doctoral Dissertation, University of Edinburgh. Accessed April 12, 2021. http://hdl.handle.net/1842/6399.

MLA Handbook (7^th Edition):

Moreira, Fernando Francis. “Joint defaults in a non-normal world : empirical estimations and suggestions for Basel Accords based on copulas.” 2011. Web. 12 Apr 2021.

Vancouver:

Moreira FF. Joint defaults in a non-normal world : empirical estimations and suggestions for Basel Accords based on copulas. [Internet] [Doctoral dissertation]. University of Edinburgh; 2011. [cited 2021 Apr 12]. Available from: http://hdl.handle.net/1842/6399.

Council of Science Editors:

Moreira FF. Joint defaults in a non-normal world : empirical estimations and suggestions for Basel Accords based on copulas. [Doctoral Dissertation]. University of Edinburgh; 2011. Available from: http://hdl.handle.net/1842/6399

Open Access Theses and Dissertations