Three essays in applied empirical economics

Ebner, André (2010): Three essays in applied empirical economics: The financing of governments, corporations and households. Dissertation, LMU München: Faculty of Economics

Abstract

Each of the three chapters of this thesis is related to a specific aspect of financing and concerns, respectively, governments, corporations, and households. The first chapter studies the determinants of euro-denominated Central and Eastern European (CEE) government bond spreads that reflect the financing costs incurred by these countries. The second chapter turns to the corporate sector and analyses whether corporate debt markets in the euro area are converging. In this way we assess whether corporations face similar financing conditions with respect to bank loan and bond interest rates. Chapter 3 investigates households’ withdrawing of home equity to access their housing wealth as an additional source of finance. The three chapters of this thesis are self-contained and can be read independently of each other.

• Item Type: Theses (Dissertation, LMU Munich)
• Keywords: government bond spreads, loan and bond market integration, home equity withdrawal
• Subjects: 300 Social sciences; 300 Social sciences > 330 Economics
• Faculties: Faculty of Economics
• Language: English
• Date of oral examination: 25. January 2010
• 1. Referee: Winter, Joachim
• Signature of the printed copy: 0001/UMC 18413