Thesis (Ph. D.)--Claremont Graduate University, 2000. / Includes bibliographical references (leaves 174-181).

Thesis (Ph. D.)--Pennsylvania State University, 2001. / Vita. Includes bibliographical references (leaves 48-50).

Thesis (Ph. D.)--Colorado State University, 2003. / Includes bibliographical references (leaves 115-121).

Thesis (Ph. D.)--University of Washington, 2000. / Vita. Includes bibliographical references (leaves 185-196).

Thesis (Ph. D.)--Columbia University, 2005. / Includes bibliographical references (leaves 113-119).

Thesis (Ph. D.)--University of Missouri-Columbia, 2005. / The entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file viewed on (November 15, 2006) Vita. Includes bibliographical references.

Orientador: Eduardo Strachmann / Coorientador: José Ricardo Fucidji / Banca: André Luiz Correa / Banca: Carla Cristiane Lopes Corte / Resumo: O capitalismo se reproduz através de processos contraditórios. O sistema, em sua fase mais moderna, de acumulação financeirizada, tende a crises especulativas que os mecanismos de mercado não são capazes de regular. Esse é o argumento de teóricos da corrente pós-keynesiana que se propõem a investigar quais comportamentos geram e agravam crises financeiras. Depois da crise iniciada no sistema financeiro norte-americano, Hyman Minsky (1919-1996), pouco abordado até então, voltou ao debate sobre o funcionamento do sistema financeiro e sua regulamentação. Para muitos, a trajetória percorrida pela economia mundial e a ruptura do sistema financeiro se enquadram nas análises do autor, a ponto de ser possível considerar ter havido um "Momento Minsky": um profundo e repentino colapso precedido por calmaria e bonança. Através da caracterização da abordagem de Minsky, essa dissertação se propõe a avançar no entendimento do sistema financeiro à procura das causas e corretivos da fragilidade financeira ilustrada pela crise subprime recente / Abstract: Capitalism reproduces itself through contradictory processes. The system, in its latest phase of financialized accumulation tends to speculative crisis that market mechanisms are not able to regulate. This is the post-Keynesians theoretical argument that intend to investigate what behaviors determine and aggravate the crisis. After the crisis that had trigger in the US financial system, the Post Keynesian Hyman Minsky (1919 - 1996), little explored so far, returned to the discourses of the function of the financial system and its regulation. For many, the road taken by the world economy and the breakdown of the financial system fit into the analysis of the author as to be possible to consider that there was a "Minsky moment": a deep and sudden collapse preceded by lull and calm. Through the characterization of Minsky's methodology, this dissertation aims to advance the understanding of the financial system in search for the causes and remedies of Minsky fragility illustrated by the recent subprime crisis / Mestre

M.Comm. (Financial Management) / The purpose of this study is to show the influence of corporate debt on financial distress particularly during and after an economic/financial crisis on South African companies. It is assumed that companies that are highly leveraged prior to a crisis will experience financial distress during as well as after the crisis and that they will go through a process of deleveraging sometime after the financial crisis. The financial statements of 47 capital intensive companies that are traded on the main board of the JSE Limited are analysed for two crises that took place between 1994 and 2010. These crisis points coincide with the Asian crisis and the Dot.com bubble crash. The 2008 sub-prime crisis is excluded from the analyses due to the absence of post-crisis financial information for some of the companies sampled. The analysis examines the relationship between debt and financial distress and between debt and profitability before, during and after the crises. The evolution of debt levels before, during and after the crises is also examined. The empirical findings of the study are a departure from international literature and experience that suggest that during times of economic prosperity companies become over-indebted due to expansion plans and therefore in most cases experience financial distress as they are unable to meet their obligations or meet these with great difficulty during and after the crisis.

This paper develops a series of Early Warning System models for debt crises. This paper uses a Debt Pressure index to define crisis periods and then demonstrates how one can go about trying to forecast these periods using Logit and Markov-switching Models. An alternative approach, whereby ordinary least squares (OLS) is used to create Early Warning System models, is introduced. A graphical analysis is also conducted. Three useful Early Warning System models emerge from this study.

Yes / This study investigates bank financing to small and medium-size enterprises (SMEs) and evaluates whether the difficulties of SMEs in accessing bank financing during a period of financial crisis are due to a reduction in the supply of credit, or to a decrease in the demand for credit. The results show that the macroeconomic setting matters: demand effects are unlikely to drive the decline in the stock of bank loans, while the supply of credit causes SMEs difficulties in accessing bank credit. During a crisis period, in particular, an increase in the risk of lenders leads to the reduced supply of credit and credit rationing (i.e. the bank lending channel). In a post-crisis period, SMEs with increased risk and decreased profits have great difficulties in securing bank loans (i.e. the borrower balance sheet channel). Taken together, these results suggest that supply effects initially emerge through the bank-lending channel and then shift to the borrower balance sheet channel over a period of financial crisis.