This dissertation contains three essays on debts of different forms that make contributions to the areas of international macroeconomics and spatial economics. In particular, the first two essays study sovereign debts. They examine sovereign default behaviors together with interactions between sovereign defaults and countries’ costs of borrowing. The third essay looks at bank loans. It explores the possibility of understanding economic agglomeration through distance-related financial frictions firms face when borrowing from banks.

This dissertation argues that the Anglo-Egyptian colonial encounter of 1805-1954 colonized Ottoman Egypt through the introduction of Western calculative technologies such as the census, accounting and auditing. These calculative technologies reorganized the community by usurping its powers and endowing it in the state. They replaced prior negotiated forms of enumeration in which the community organized itself and its information gathering apparatuses such as collective taxation, cadastral surveys and pious philanthropic endowments. The first chapter tracks the birth of the census in Egypt and the introduction of a new modality of power. The second chapter shows that pious Muslim endowments were once the predecessor to the joint-stock corporation, but without its surplus extracting mechanism and accumulation ethic. For the state to be born, these endowments had to be seized – usurping the community’s enumerative powers. The third chapter argues that Egypt was granted sovereignty in 1840 based on its ability to pay its colonial financial obligations and financial reform. The fourth chapter explores a court case filed in 1924 by Nathan Rothschild, who sued to guarantee that Egypt continued to pay its debt obligations, making Egypt subservient to a colonial form of sovereignty even after independence in 1922. Chapter five closes by reflecting on postcolonial sovereignty after British evacuation of Egypt in 1954. It argues that Britain set the terms of decolonization by using Egyptian financial obligations and sterling balances deposited in London as bargaining chips.

The stochastic structures of the market value of outstanding United States Treasury Bills are estimated using three different time disaggregation. The three calculated models with different sampling periods are compared to each other. A description of the investigation, the discussion of the selected models, and several observations drawn are included. / M.A.

This thesis examines how sovereign lending, i.e. the practice of lending capital to sovereigns, has changed since the early nineteenth century. It tackles this question by investigating how lenders have thought about sovereigns for the past two centuries, focusing on the tools they have used to know and represent them. I argue that there was a critical shift in the early twentieth century in terms of the kinds of knowledge lenders deployed to know sovereigns. This shift differentiates the old sovereign lending from the new. In the old sovereign lending, merchant banking families such as the Rothschilds knew sovereigns through intensely personal relations based on gentility, whereas in the new sovereign lending, joint stock banks, credit rating agencies and international institutions largely came to know sovereigns through statistics. Though difficult to imagine nowadays, the description of sovereigns through quantifiable facts (the original definition of 'statistics') was revolutionary for early twentieth century lenders. Despite constituting the origins of sovereign credit ratings, this key shift has been overlooked in all major studies about sovereign debt. The new sovereign lending rose to prominence from the interwar period to the 1970s and now defines our world. The identification of this crucial shift is based on the development and application of the concept of forms of knowledge. Forms of knowledge refer to enduring ways of knowing and representing the constituent units of the international system used by international practitioners (e.g. diplomats, military strategists, financiers, and international lawyers). Examples of forms of knowledge include, but are not limited to, modern cartography, international treaties, statistics, gentility, and heraldry. The use of this concept is that it leads to a better understanding of how international practitioners and their practices undergo radical changes. In so doing, it provides a firmer empirical grasp on the question of how fundamental discontinuities arise in international relations.

published_or_final_version / Business Administration / Master / Master of Business Administration

Submitted by Filipe dos Santos (fsantos@pucsp.br) on 2018-07-05T12:38:31Z No. of bitstreams: 1 Cláudio de Araujo Ferreira.pdf: 7145517 bytes, checksum: 8c7b326ce9b38909db38bf44d6195f4c (MD5) / Made available in DSpace on 2018-07-05T12:38:32Z (GMT). No. of bitstreams: 1 Cláudio de Araujo Ferreira.pdf: 7145517 bytes, checksum: 8c7b326ce9b38909db38bf44d6195f4c (MD5) Previous issue date: 2018-04-25 / This paper aims to discuss the transactions of securitization of Overdue Public Tax Debt and its challenges. It discusses initially the role of State; the main authors and philosophers about this subject; and also applicates it to the Brazilian State. Additionally it is discussed the deterioration of the Brazilian public debt; the potential amount of Overdue Public Tax Debt of the public entities and to present a “Project of Law” that seeks to solve the existing conflicts of Law in the Brazilian legislation that do not permit the public entities to proceed with it that could be an important source of funds to the Brazilian public entities. We shall discus along it topics such as the role of the Governments, formation of Brazilian Estate, dylema of Moral Hazard due to the non charge of overdue taxes, securitization of assets among others / A presente pesquisa possui como objetivo tratar das operações de securitização de dívida ativa e seus desafios. Para tanto, trata inicialmente da visão de Estado e seu papel, abordando os principais autores e filósofos sobre o assunto; discute também esse tema no âmbito do Estado brasileiro. Antes de adentrar no escopo descrito inicialmente acima, é desenvolvido o tema da deterioração das contas públicas brasileiras nos últimos anos; do potencial de dívida ativa dos entes púbicos; dos conceitos de dívida ativa e securitização e por fim busca apresentar como conclusão um projeto de lei que consiga equacionar a antinomia de norma existente em nosso ordenamento jurídico que inviabiliza as operações de securitização de Dívida Ativa, as quais poderiam ser uma importante fonte de geração de riqueza para o Estado brasileiro. Para tal, aborda temas como o papel do Estado, formação do Estado brasileiro, dilema de Moral Hazard pela não cobrança de tributos, conceito de Dívida Ativa, securitização de ativos, entre outros

Thesis (M.A.)--University of Western Ontario, 1998. / Vita: p. 153. Includes bibliographical references (p. 143-152). Also available on the Internet. MODE OF ACCESS via web browser by entering the following URL: http://www.nlc-bnc.ca/obj/s4/f2/dsk2/ftp03/MQ39832.pdf.

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Thesis (Ph. D.)--Yale University, 1993. / Includes bibliographical references (leaves 187-195).