Source: Dissertation Abstracts International, Volume: 37-07, Section: A, page: 4124. / Thesis (Ph.D.)--The Florida State University, 1976.

Source: Dissertation Abstracts International, Volume: 38-11, Section: A, page: 6524. / Thesis (Ph.D.)--The Florida State University, 1977.

Source: Dissertation Abstracts International, Volume: 40-02, Section: A, page: 0986. / Thesis (Ph.D.)--The Florida State University, 1978.

Source: Dissertation Abstracts International, Volume: 36-06, Section: A, page: 3896. / Thesis (Ph.D.)--The Florida State University, 1975.

Source: Dissertation Abstracts International, Volume: 35-10, Section: A, page: 6343. / Thesis (Ph.D.)--The Florida State University, 1974.

Source: Dissertation Abstracts International, Volume: 37-07, Section: A, page: 4505. / Thesis (D.B.A.)--The Florida State University, 1976.

Source: Dissertation Abstracts International, Volume: 37-07, Section: A, page: 4505. / Thesis (D.B.A.)--The Florida State University, 1976.

Premium taxation of insurance companies at the state level has been questioned in the past due to evidence that the use of premiums written as a tax base unfairly burdens the insurance industry with state tax revenue to the benefit of other industries. It has also been suggested that applying an income tax to insurance companies might be a more appropriate form of state taxation for economic and cross-industry equity reasons. It is the purpose of this study to determine if an income tax is a viable tax system for property/liability insurance companies by answering two questions: Is state revenue adversely affected, and is insurance company solvency enhanced? The results indicate that the level of state revenue raised by an income tax rate similar to that paid by other industries is lower than that raised by the premium tax. At the same time the insurance companies' financial position is benefitted by an income tax system which allows insurance companies to retain a tax expense factor which includes the current tax dollars in rate development. / Source: Dissertation Abstracts International, Volume: 52-03, Section: A, page: 1023. / Major Professor: Richard Corbett. / Thesis (Ph.D.)--The Florida State University, 1991.

Since the inception of floating exchange rates in 1973, exchange markets have witnessed severe volatility in most dollar exchange rates. These exchange rate swings have had a tremendous influence on global economic performance and has created much interest in exchange rate determination. / In this study, the determinants of five major dollar exchange rates are examined over the 1973 to 1985 time period. First, the movement of the major exchange rate determinants (money supplies, interest rates, prices, current accounts, etc...), is traced over the twelve year span. This analysis reveals how a combination of market fundamentals usually determine exchange rates. Additionally, to further understand exchange rate determination, a general asset market model is tested for each of the five currencies. This general asset market model has nested within it various forms of monetary models as well as a stock-flow model with wealth affects. Promising results are attained for the stock-flow model with wealth effects for two currencies. Overall, the results support a general portfolio balance view of exchange rate determination, though the use of econometric models is called into question. / This study also investigates the influence of monetary policy on exchange rates by looking at money supply "news" announcements and exchange rate movements. Monetary policy operating procedures have changed greatly over this period from interest rate targeting, to nonborrowed reserve targeting, and finally to borrowed reserve targets. These changes are seen as affecting exchange rate reaction to money supply announcements. Furthermore the Federal Reserve's change from lagged to contemporaneous reserve accounting in 1984 is also shown to have changed how each M1 announcement influences short term exchange rate movements. Viewed in a Federal Reserve Credibility context, each M1 announcement is seen to have contained a large informational content for market participants up until 1984. It is shown that contemporaneous reserve requirements, along with possible financial innovations, may have evaporated much of M1's importance. / Source: Dissertation Abstracts International, Volume: 49-03, Section: A, page: 0574. / Major Professor: George Macesich. / Thesis (Ph.D.)--The Florida State University, 1987.

This thesis investigates the long-run development of credit markets around the world and the legal frameworks governing them. Chapter 1 begins by discussing open questions about financial sector development and financial crises, in particular the role of financial regulation and bankruptcy frameworks. One striking pattern that emerges is the relative paucity of comparable cross-country data on the structure of debt markets. Chapter 2 thus introduces a new resource for macro-finance research: a long-run database on the outstanding amount and sectoral allocation of credit in 120 countries all over the globe from 1910. I discuss in detail how I constructed comparable data on the sectoral level from over 600 archival sources and present a range of new stylized facts. Perhaps most strikingly, corporate credit (relative to GDP) stopped expanding all over the world around 1980, while household credit has skyrocketed. Importantly, the rise of household credit is not only driven by mortgages but also consumer credit - particularly in emerging economies. I then test empirically which theories can explain these trends in credit allocation. A potential policy implication some may want to draw from the stylized facts in Chapter 2 is that regulators should target particular sectors to influence the allocation of credit. To this end, many central banks around the world regularly use macroprudential tools, which are supposed to prevent a build-up of systemic risk. In chapter 3, I show that such targeted policies historically exhibit a large, robust electoral cycle around the world. More precisely, prudential tools are considerably less likely to be tightened, and more likely to be loosened, in pre-election quarters - particularly when upcoming elections are expected to be close. Central bank independence, which is thought to ease political economy constraints, does not appear to be an important moderating factor for the election cycle in prudential regulation; it does, however, eliminate electoral cycles in monetary policy. Taken at face value, these findings suggest that the more immediate effect of prudential policies on the median voter might make them more difficult to implement than previously imagined. In Chapter 4, I turn to another legal determinant of credit market outcomes: the efficiency of bankruptcy courts. While it is well known that legal frameworks matter for the development of debt markets, much less is known about the implementation of law into practice, i.e. debt enforcement. I study this question using quasi-random exposure of firm borrowers to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) in the United States. BAPCPA fundamentally reformed consumer bankruptcies, which resulted in the largest drop of bankruptcy filings recorded in US history, particularly in districts with a historically higher share of consumer cases. Because BAPCPA left bankruptcy rules for firms largely unchanged, I can identify the causal effect of reduced court congestion on financing terms. I find that the drop in caseload per judge was associated with an improvement in interest rate spreads and loan maturities. A back-of-the-envelope calculation implies that the social costs of busy courts are large. Chapter 5 provides implications of my thesis for policy makers and future research. I also discuss some preliminary results from ongoing research into how credit is allocated during credit booms and their association with subsequent banking crises.